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The REAL Traders Video Journal, 3-5% per month as a US trader

  • #81
  • Edited 10:37am Jun 15, 2017 10:25am | Edited 10:37am
Today's stream.

$327 (1.06%) profit in the last 24 hours.


Also, I show you how to trade my 10 year profitable system!

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  • #82
  • Jun 15, 2017 3:18pm Jun 15, 2017 3:18pm
Great information and great video stream! Thank you very much!

Question, once the initial position has been entered and the grid takes over adding a position every 20 pips, how many additional positions will it add? Is there a max of 2 additional positions? Or will it continue to add positions every 20 pips as needed until a profit target has been reached?

Thanks again for all your help!!
  • #83
  • Jun 15, 2017 3:21pm Jun 15, 2017 3:21pm
Quoting maxxtrader
Great information and great video stream! Thank you very much! Question, once the initial position has been entered and the grid takes over adding a position every 20 pips, how many additional positions will it add? Is there a max of 2 additional positions? Or will it continue to add positions every 20 pips as needed until a profit target has been reached? Thanks again for all your help!!
I usually set the max trades to 100 but you typically won't go past 20. Make sure you have the 500 pip SL I suggest though. The strategy is still profitable with a much smaller SL but I like the 500 to give the trades more room.

Thanks and good luck!
  • #84
  • Jun 16, 2017 9:10am Jun 16, 2017 9:10am
Thanks Ryan!

I use Ninjatrader and found and RMI indicator, what settings do you recommend for the period and shift?

Thanks again for the help, I am excited to start back testing!
  • #85
  • Jun 16, 2017 9:56pm Jun 16, 2017 9:56pm
Hi Ryan

the streaming broadcasts are very good, Thank you for your insights.

When exploring strategies etc, I've always adopted the methodology that any strategy should have a good win rate / profitability factor. I'm new to the concept of grid / basket trading.....although its making a lot of sense.

have you ever tested your Insidebar strategy without grid trading? would it have the same success ? I'm curious if a set and forget trade would have the same results, ie TP at 50 pips, stop loss at 35 pips, or is the grid trading the factor that makes it profitable.
  • #86
  • Jun 17, 2017 2:52pm Jun 17, 2017 2:52pm
For those, who want to use MT5, here is my version of the RMI indicator.

There is a version on www.mql5.com, which does it's job, but besides some extra display options, this version is performance-optimized for being called by an EA.
This is especially important for backtesting.

For coders: set the "Called from EA" parameter to true, when calling the indicator by the iCustom-function.

Enjoy it,
Oliver
Attached File(s)
File Type: ex5 osfx.RMI.v02.ex5   27 KB | 377 downloads
  • #87
  • Jun 18, 2017 3:08pm Jun 18, 2017 3:08pm
Thanks OSFX, I will try MT5 and your version of RMI. I am trying to create a same as Cubbybgood, I am testing (EUR/USD) manually on Forextester 2. It is slow going and I noticed right away the success of 5-12% / Month but on my 3rd month I got into a %20 Draw down. I personally think that causes me to much pain live ( psychologically ), Only thing I can think of is to Hedge with a different pair after a certain DD % or to try a stop closer than %7. Its very hard to find that happy medium. I have tried putting stops below or top of low or high candle, but takes away a lot of profit. Although if I were manually trading and known of a certain fundamental event , I may have been able to adjust and only trade accordingly. Or I have to learn how to adjust to the larger draw downs. and cross my fingers. Hopefully Ryan or you read this post and talk about my dilemma. have a great trading week traders. I like the direction of this thread. haven't seen any negativity or haters yet ( knock on wood ).
  • #88
  • Jun 19, 2017 4:13am Jun 19, 2017 4:13am
Quoting cliffvitale
Thanks OSFX, I will try MT5 and your version of RMI. I am trying to create a same as Cubbybgood, I am testing (EUR/USD) manually on Forextester 2. It is slow going and I noticed right away the success of 5-12% / Month but on my 3rd month I got into a %20 Draw down. I personally think that causes me to much pain live ( psychologically ), Only thing I can think of is to Hedge with a different pair after a certain DD % or to try a stop closer than %7. Its very hard to find that happy medium. I have tried putting stops below or top of low or high candle,...
It is the nature of this kind of system to have rare, but fairly heavy drawdowns. Our main goal is trying to control those drawdowns.
Your idea of hedging or building baskets with other pairs and/or timeframes is a good starting point. I'm about to finish an EA on MT5, that deals with this issue by trading several pair and/or timeframes simultaneously. I will update this thread with my testing results.
  • #89
  • Jun 20, 2017 6:01am Jun 20, 2017 6:01am
Hi everyone! I will be streaming today at 9 am est!

I will go over all questions in the stream today.

https://www.youtube.com/user/cubbybgood/live
  • #90
  • Jun 20, 2017 6:12am Jun 20, 2017 6:12am
Today's stream will be VERY important so make sure and tune in at 9 am est!
  • #91
  • Jun 20, 2017 7:13am Jun 20, 2017 7:13am
Quoting Cubbybgood
Today's stream will be VERY important so make sure and tune in at 9 am est!
...sorry, I am 6 hours ahead and at work but will definitely watch this evening !
  • #92
  • Jun 20, 2017 9:43am Jun 20, 2017 9:43am
Today's Stream.

This was my last stream for 8-12 months guys. You won't see me around much till I reach my trading goals. I'm going quiet so I can focus on myself and trading.

Thanks for all the support! I attached a picture below of my current stats.

Thanks again and happy trading!

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  • #93
  • Jun 20, 2017 2:48pm Jun 20, 2017 2:48pm
Thanks for sharing your knowledge and i wish you the very best to achieve your goals!!

Hope to see u back here!
  • #94
  • Jun 20, 2017 3:08pm Jun 20, 2017 3:08pm
Nice progress so far. Good luck to you. Hope to see you back here soon.
  • #95
  • Jun 20, 2017 5:19pm Jun 20, 2017 5:19pm
Sorry to see you go, maybe you read this from time to time?

On the last stream, right at the start, you speak of 2 trades, there is a sell on the EURGBP

I have the RMI you speak of, and the i-Bands for comparison, on the EURGBP, see the Inside Candle on 30 minutes -

How is that a valid entry? For me, the RMI is not above 70 as from what you have said, or are there even more secrets?

Cheers

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It takes a lot for me to IGNORE you, but you can try.
  • #96
  • Jun 20, 2017 5:54pm Jun 20, 2017 5:54pm
Hey Ryan

Sorry to see you go, best of luck in your endeavour to reach your goals, Im sure you will succeed

Ive appreciated your posts and gained alot of insights from them

Looking forward to seeing you back here one day

Regards Craig
  • #97
  • Jun 21, 2017 12:26am Jun 21, 2017 12:26am
Hi Ryan,

I will really miss your posts and videos. I wish you good luck and hope, that you drop by from time to time.

Oliver
  • #98
  • Jun 21, 2017 5:04am Jun 21, 2017 5:04am
Quoting Erebus
Sorry to see you go, maybe you read this from time to time? On the last stream, right at the start, you speak of 2 trades, there is a sell on the EURGBP I have the RMI you speak of, and the i-Bands for comparison, on the EURGBP, see the Inside Candle on 30 minutes - How is that a valid entry? For me, the RMI is not above 70 as from what you have said, or are there even more secrets? Cheers {image}
Check the 1 hour EURGBP and you will see the entry. I don't use the 30 min for the EURGBP. I do use the 30 min for the GBPCAD though.

Hope this helps.

I will check FF from time to time but won't respond to all messages.

Thanks for the good luck wishes guys and gals!
  • #99
  • Jun 21, 2017 5:45am Jun 21, 2017 5:45am
Quoting Cubbybgood
{quote} Check the 1 hour EURGBP and you will see the entry. I don't use the 30 min for the EURGBP. I do use the 30 min for the GBPCAD though. Hope this helps. I will check FF from time to time but won't respond to all messages. Thanks for the good luck wishes guys and gals!
All right, that explained that, thanks.

I thought they were all 30 minutes, and I recall you saying how to set an alarm for every half hour as a reminder to check the chart, so that's where I got that idea.

By the way, that was only the second hour of the week's open, which reminds me, most systems usually make a reference to the fact that trading the main London and New York sessions yield best results; however you have never said any preference and being in USA, I assume you don't get up early for London but the EA will trade that while you do manual trading for US sessions.

All the best, John
It takes a lot for me to IGNORE you, but you can try.
  • #100
  • Jun 21, 2017 5:56am Jun 21, 2017 5:56am
Quoting Erebus
{quote} All right, that explained that, thanks. I thought they were all 30 minutes, and I recall you saying how to set an alarm for every half hour as a reminder to check the chart, so that's where I got that idea. By the way, that was only the second hour of the week's open, which reminds me, most systems usually make a reference to the fact that trading the main London and New York sessions yield best results; however you have never said any preference and being in USA, I assume you don't get up early for London but the EA will trade that while...
The idea was... if I could make a strategy that could trade through any technical, news or political event I would have a killer strategy. A strategy that could ride any storm. I so far have succeeded. So I don't have to pick a session or time to use it as my RMI filter helps keep me out of a low or high liquidity market.
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