SharePosts by SunnyDays
| Previous 1 2 3 4 5 .. 16 Next |
|
The events of the previous week have caused me to think about adopting a new rule relative to intervening with my automated system trades. If I am up 5% on a single trade I should take profit is there is high impact news pending.
Market reversals have been the norm in the last mouth and arguably for the last 3 months. The market is so sensitive to each and every perceived news release and development that Asia, Europe and the US markets are often acting as 3 nearly unrelated entities that seem to have little or no regard for what the previous market has done.
Anyway, the point is my being ......
|
|
Hello Everyone,
A friend asked me about how my system recovered the 10% loss in basically one day. He asked if this was from my EA or if I manually helped the recovery. I thought this would be a good opportunity for me to say a bit more about my system.
I have reluctantly changed the status of my system to mixed, but I say reluctantly for the following reason:
My EA does most of the work in my overall system. Nearly the first two months of running this system, I was interfering with the operation of the EA (an old habit I had to break from when I had reason to interfere in the past). A......
|
|
Hey friends,
Sorry I did not wait until I have a very clear and organized thought to post relevant to this suggestion, BUT
The idea that any system has a draw down percent is important. But wouldn't it be more telling to grasp a sense of the SPEED at which one might experience the MAX DD percent that a given system has produced?
Think about the biggest downturn of a chart, this is how we measure DD in the most simple sense.
Some systems go from this starting high reference point -- down -- in a very short time, while other systems may take months or longer to cover this same &qu......
|
|
Whether to trade or not to trade NFP with my system has always been one of the most difficult decisions. Nearly every time I have turned the system off I see I would of had a minimal loser or a big winner, but today i lost 3%. I'm pissed.
I picked the worst time of the year to start a new tracked system. Anyway, I know what i need to do. I need to conduct a ten year study of only NFP day trades and see whether these trades are adding or taking away from overall profit, and by how much.
This would be an exhausting study but one which i have always know i needed to conduct. I will update......
|
|
LEARNING TO LET GO:
In order to chronicle changes in this account I want to state that as of May 25, 2012 I have moved my system to VPS where it is much easier for me to leave things alone. As I explained in my first post, in the past I was NOT completely confident with my system because I knew that backtesting showed there were dangers with the drawdown - based on a ten year time frame. I spent nine months addressing this issue and came back with a system that produces notably less profit but has a max of 20% draw down on a 12 year backtest.
I then started this new system at a bad time i......
|
|
"US brokers not very suitable for my trading style with there FIFO rules and no hedging ability."
Just for the record, you are not bound by FIFO and hedging rules with some NFA regulated brokers in the US like ATC brokers. They find a way around the technical aspects of these rules. Also, other brokers in the US can get around these rules by the following means...
For FIFO if you enter the first trade with a size (lets say 1 lot) then you enter trade 2 with 1.1 lot you can exit trade 2 before trade 1 and not break the FIFO rules. As long as the trade sizes are different FIFO ......
|
|
Hi All,
5 Years of hard work, back-testing and development has brought me to a finished product that I am completely confident will stand the test of time. Those who know me know I've always been honest and that I was not particularly confident in the past while I was in the process of development. There were times I thought it was not possible to master consistent profit in forex. I have now come to believe that such is possible but only under the strictest of rules and back-tested strategy.
I eagerly look forward to the future. I invite you to track my progress. I'm expecting 1-5% r......
|
|
[quote]
Mastertrader2011 posted:
Actually i´m using the MEAA automatic trading system from the LIT AG www.meta-trader-expert-advisor.com very sucessful on my real money account. Now i´m looking for a profitable second strategy for one more account. Does anybody know what is the main strategy behind the FGB? Only Trend Trading?
[/quote]
I would not say FGB is a trend trading EA, but rather a breakout EA. It seems to look for low volatility with a strong move (if you want to call this a breakout) that is in agreement with the short term momentum. This is just how I would o......
|
|
A CORRECTION: I just realized that I had incorrectly calculated the average percent of gain for my strategy as taken from my 12 year backtests. I previously stated the average should be between 1-5% (which was actually a 5% average, but which I was stating as an EXPECTATION of 1-5%).
The actual - corrected - average from backtesting is 11.6% gain per month BUT regardless of this figure from backtesting I will still keep my stated expectations at 1-5% per month.
In my opinion a system must - MUST - produce significant profit on backtesting in order to have a CHANCE of working on live trad......
|
|
Hello friends, I'm proud to announce the start of my new managed account. It has been around nine months since I closed the last managed accounts. There was no crash of the accounts. I mainly lost the profit I had made. In short, I saw loses accumulating and I began to question whether my EA and overall strategy was good enough to survive in the often volatile forex market. Here was my situation in a nutshell:
I had spent several years designing EAs - focusing on one main EA - and my EA performed well on the most recent years' backtests (09 and forward). I was very excited when I reache......
|
