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??
The knowledge belongs to the team, so unfortunately I can't divulge anything. A decade's work you see in action here.
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.
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?
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?
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.
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.
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?
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.