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Delusions Grandiose !! (de TheCyclist )

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Discussion Delusions Grandiose !!

speki
Mar 11 2011 at 20:39
posts 735
Hmm, 1788 pips in less than a fortnight ... Elkart, honestly, have you cracked into Edward's DOS box? 😄
Seriously, this is very impressive - consider sharing some of your knowledge please.
Are you managing OPM by the way??

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
PipGnostic
TheCyclist
Mar 12 2011 at 05:55
posts 724
Speki,

The knowledge belongs to the team, so unfortunately I can't divulge anything. A decade's work you see in action here.

OPM...

We are playing with fxmanager at Oanda at the moment, so we will take on some clients. The trading is all automated as well via API. But we're not ready for that by a long shot.

I did this to give Bruce a smack over at Oanda, he is mistakenly under the impression he is a trading god so I had to do a little demonstration to put his level of expertise into perspective for him. Not that I think it will sink in really. As far as he is concerned he is the best trader in the world. I think he is one of the worst I've seen.

https://fxtrade.oanda.com/community/fxmessage/ultimatebb.cgi?ubb=get_topic;f=16;t=012691;p=76

So yeah, soon as we set up some IBC's we'll slowly edge into the whole client thing, but we've been focusing on the developing and haven't really sat down to talk about taking on clients.

With server costs and API fee this is $850 a month, so were rushing to get the system side up and running, that's the main focus at this point.


PipGnostic
TheCyclist
Mar 12 2011 at 05:56
posts 724
How did you know it was me by the way?

PipGnostic
TheCyclist
Mar 12 2011 at 07:14
posts 724
And then obviously we can't take American clients, compliments of their government.

speki
Mar 12 2011 at 08:06
posts 735
There was a quote from you on the thread the other day - 'spread the love man, spread the love' - and if you follow the link, you'll see your posts about your books, and so on. Very nice, from what I've read about it.

Anyway, I just stopped by to say great results - have a nice weekend and spread the love man 😉

TheCyclist posted:
    How did you know it was me by the way?

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
speki
Mar 16 2011 at 12:40
posts 735
Well I had a crazy mathematician friend look at your numbers and he extracted the following information:

The high symmetry of winners/losers in the Duration chart suggests that it's automated and orders are opened/closed in pairs, at the same time.

It seems that it's always EURUSD long + GBPUSD short or EURUSD short + GBPUSD long at the same time.
Positions are often closed it they show ~1 % profit (long + short together). Holding times vary, and the trade logic probably adds more in the same direction until the profit targets are reached.

Sometimes it sits in bigger DDs than the average wins/losses ... like that EURUSD long which was closed 03/11/2011 16:10 after 2 days and 8 hours - an IBFX chart shows it must have been in ~160 pips DD, but then again, it's important to look at pairs of trades and the GBPUSD short which accompanied this trade, made up for the losses nicely - guess what, 1% profit banked.

All in all, it's very impressive so far. Let's wait for more numbers ...

Now there is one question I have - why are you blowing $850 a month on Oanda API if the algo you've developed seems to work with MT4?

Very good going, keep it up!

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
PipGnostic
TheCyclist
Mar 16 2011 at 13:21
posts 724
This is manual. No algo's here. Hence why all the trades are together. This is when I walk past my computer. Adjust both and carry on with life.

I always have both as that does mean I am at least partially hedged.

The API stuff is far more sophisticated. I just can't do that volume of work.

I don't look at DD on trades as such as only the NAV values matter. Not worried about the rest. I'm a positional trader, just work with the overall portfolio.

The percentage banked is most probably me, cause I'm not going to bank if it's isn't worth it, and 1% looks worth it to me, I guess. And of course with the gaps in between there tends to be bigger differences when I look.

The API I'm doing for compounding and precision. I can get to within $2 of my targets where on a standard account on MT that be within $2000 of my target. Whole different ball game entirely.


PipGnostic
TheCyclist
Mar 16 2011 at 13:25
posts 724
Speki,

This is pretty much random stuff hey.

It's sole purpose was to show our self appointed trading god that he isn't so much of a god. More like a kid on a tricycle telling Lance Armstrong he is a champion.


PipGnostic
TheCyclist
Mar 16 2011 at 13:54
posts 724
I have systems that will put down up to 20 000 to 40 000 trades per pair per day on 0.

For every 1 trade you can do on a standard account on MT you can do 1000 on Oanda, and it's not linear, the change is exponential as there is more opportunities for a $2 change on O than there is to do a $2000 on MT4.

I'll go as far to say as anybody who takes fx serious enough to become a professional fund manager will ditch MT4 as it is inadequate for the task. I'd rather spend the $850 get the right tool for the job.

speki
Mar 16 2011 at 14:15
posts 735
I see. Sounds reasonable. Nevertheless, I once spoke to a quant trader who was busted by Dukascopy on HF trading. Once he started making big fat profits, they made it impossible for him to trade that way - disconnects, slippage, all that stuff. It's unbelievable what computers can do these days.

By the way, is there a demo Oanda API? Do you have to pay for it too?

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
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