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nordic_

Miembro desde Feb 16, 2012  83 mensajes Steve Walker (nordic_) Feb 18 2012 at 16:39
I am back with as _nordic.

get bored of walker.


Trade the Trend Defend to Price
nordic_

Miembro desde Feb 16, 2012  83 mensajes Steve Walker (nordic_) Feb 18 2012 at 16:39
_somehow:

_somehow-1-demo: 260 trades
_somehow-2-demo: 106 trades
total gain : %90

_somehow-live: 130 trades
total gain : -%70

in general trades are in profit but I had loss the money on 3 GRID rescue operation. all 3 GRID s are the cause of very fast price move to close with reasonable loss. I had just cought by the market and nailed.

reasons of loss:

slippage; with the EA execution using keyboard has definetly stop slippage on live trading. So slippage is not a big issue on live trading with this system even on 1 min chart.

live pressure; live account has put extereme pressure on trades and took wrong trades.

GRID; I had only %3 of trades grid to rescue and 2 of them had gone extreemly against. this make the loss.

keyboard issues; I had opened trades wrongly by keyboard while key_stroke was enabled and this also made me very angry to myself. I had no issue like that on demo but on live I had at least 10 trades while writing emails. I had to use second machine but did not


I am very lucky that I had that grid issue at the beggining. I had improve my ideas about GRID.

GRID=SUICIDE=DRUG

when grid started logic gone away. it is exectly same as drugs. you can not stop even if you want to.

So what I did is I stop grid and rescue process again. ( I did not hold my first promise )

Patterns are working well. the main issue is when trading sometimes I stop watching patterns and start focusing on price action.

when price is trading in S/R price action is not important I should %100 trade patterns. When price break out then patterns+price action+momentum must be traded.

the funny thing is I know all those things but do not process sometimes. and those sometimes made the loosing steaks.

why I can not trade with STOP LOSS;
the reason is simple. due fix stop loss has no logic and when I stop out I get mad. to prevent that I now added onscreen execution to EA. I can now change TP SL with mouse click and move additional to keyboard execution.

what this will give to my trades? now I can easily set TP and SL levels from chart. I am trading with 1 min and I should be fast. it is not possible to set all those directly from MT4. so I added that feature. now when I stop our I will stop out with a logical level that I set according to patterns and same for TP.

the trading is totally Mental for me more than technical.
I should put limits. to do this I also added some more safety systems to EA to stop me without notifying me in the case of o huge loss or idiotic mistakes.

monday I will start trading on demo again with and publish here. I had new rules which are

standard TP == 6PIP
standard SL == 10PIP

those will be changed according to the pattern and market situation.
system will close all trades in the case of floating loss > %25 of balance.

nordic_










Trade the Trend Defend to Price
Chikot

Miembro desde Jan 14, 2010  2193 mensajes Chikot Feb 18 2012 at 18:24
Steve well come back.
I think leverage should be brought down...
it is obvious.

nordic_

Miembro desde Feb 16, 2012  83 mensajes Steve Walker (nordic_) Feb 18 2012 at 18:39
Hi Cihot

it was not the leverage. It was ME.
I had change system with variable SL and TP. currently testing it. ( I can manually trade with strategy tester. it is the advantage of keyboard execution )

will be done soon.


Trade the Trend Defend to Price
nordic_

Miembro desde Feb 16, 2012  83 mensajes Steve Walker (nordic_) Feb 18 2012 at 20:45
I had currently tested some days.
with 5 pip tp 10 pip sl.

I dont wait until SL. if needed exit before same for TP. SL is waiting for the fast moves. That had killed me and caused Grid. No more grid.
now I feel ok with SL.


Trade the Trend Defend to Price
Chikot

Miembro desde Jan 14, 2010  2193 mensajes Chikot Feb 18 2012 at 21:21
IMHO when leverage is high and a loss is significant psychologically it is hard to handle plus losing streak can hurt.

nordic_

Miembro desde Feb 16, 2012  83 mensajes Steve Walker (nordic_) Feb 18 2012 at 21:31
Chikkot I dont understand how you corolate leverage and Loss. can you please more specific.

leverage is effective only on margin used when order opened. Tick_Value for each pair is same for any laverage. what is it?

I may again may jump to 5 min chart.
the reason is not slippage ( due I have BE or plus ) but the costs.

with 5 pip TP sometimes comission+spread > profit. ( according to daily %1-%2 profit target )

this means broker making more money then me. the only solution for this is increasing the profit target and decrease the trade frequency. for 1min chart > 5pip target will be another gamble in gamble. so may be, I can move to 5 min or 3 min chart for bigger profit target and smaller costs.

 

Trade the Trend Defend to Price
Chikot

Miembro desde Jan 14, 2010  2193 mensajes Chikot Feb 18 2012 at 21:44
I mean risk per trade. what's your risk per trade on 10-15 pips stop loss ? % of your balance...

nordic_

Miembro desde Feb 16, 2012  83 mensajes Steve Walker (nordic_) Feb 18 2012 at 22:11
Chikot

risk per trade does not mean anything if trader dont make money. those are important if you trade grid or martingale.
think about your trades. what changes if you double your risk level? ( I dont mean mentally, I mean technically )

Trade the Trend Defend to Price
Chikot

Miembro desde Jan 14, 2010  2193 mensajes Chikot Feb 18 2012 at 22:12
Had I traded with high leverage I would have ruined my account. My problem is not risk but time...
Anyway, I would not use high risk. currently on very low risk trading.

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