Dr_P-&gt;Demo (Seems that the PinBar system works pretty well! I use H1 and D1 time frames. Still need to perfect the exit strategy on the "free trade" - I guess leaving S/L at break even would increase the pip gain rather) Diskusi

Anggota Sejak Oct 18, 2011 25 pos

Oct 25, 2011 at 14:51

Anggota Sejak Oct 18, 2011 25 pos

Seems that the PinBar system works pretty well! I use H1 and D1 time frames. Still need to perfect the exit strategy on the 'free trade' - I guess leaving S/L at break even would increase the pip gain rather than setting a 25-30 pip trailing stop... We'll test - we'll know :)

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Oct 26, 2011 at 09:46

Anggota Sejak Oct 18, 2011 25 pos

Tough time to trade - everyone is expecting the news... Market can explode in either direction.
Yesterday Silver and Gold began their raise towards long term MAs - but... I'm not interested :P I stick to the system and await PinBars.
Happy trading!

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Oct 26, 2011 at 09:56

Anggota Sejak Oct 18, 2011 25 pos

Because of news uncertainty I locked small profit and left 50% in free trade with tight S/L on break even.
EU guys could be releasing some statement during lunch break...

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Oct 28, 2011 at 07:23

Anggota Sejak Oct 18, 2011 25 pos

I backtested the strategy and figured that H1 is too small for commodities - thus from now on I will use H1 and D1 for currencies and H4 and D1 for commodities (and indexes).

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Oct 31, 2011 at 17:09

Anggota Sejak Oct 18, 2011 25 pos

It seems that the system has about 80% accuracy, when 'dumb trading', e.g. taking opposite positions just based on signals. The accuracy can increase by another 10% if the trades are more conservative and only the signals from highest time frames are traded (e.g. if you have long signal on D1 and short on H1, you only trade D1).

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 01, 2011 at 08:14

Anggota Sejak Oct 18, 2011 25 pos

It's probably worth mentioning that trading this system takes about 1 hour each day:
15 min for D1 time frame and 15 min for H1 time frame each morning
15 min for H1 mid day
15 min for H1 in the evening.

Morning @ London Open
Mid Day @ NYC Open
Evening @ NYC Close

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 01, 2011 at 10:30

Anggota Sejak Oct 18, 2011 25 pos

Probably a nice improvement would be to automate stop-loss and profit lock management - now i do it manually.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 01, 2011 at 14:21

Anggota Sejak Oct 18, 2011 25 pos

With all those ongoing discussions around Greece and with the panic in EU, I placed stops for my open trades on B/E.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 02, 2011 at 09:37

Anggota Sejak Oct 18, 2011 25 pos

Seems like Gold is ready to skyrocket in the coming days...

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 02, 2011 at 10:35 (diedit Nov 02, 2011 at 11:02)

Anggota Sejak Oct 18, 2011 25 pos

And in 30 minutes we'll sell some sugar.
Give me some sugar, Sugar :)

Edit: Whoops... I miscalculated the time :/ The bar needs another 1,5 hour to close. So maybe no sugar today...

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 02, 2011 at 13:40

Anggota Sejak Oct 18, 2011 25 pos

Either way the sugar bar closed within the pattern. So the trade is on.
At 3PM a setup for short GBP/USD may emerge.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 03, 2011 at 10:13

Anggota Sejak Oct 18, 2011 25 pos

OK, I begin having some conclusions around agriculturals - it seems that sugar is not really following the pinbar patterns... On the other hand currencies, gold and silver follow it perfectly! so from now on I stop trading sugar in this system.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 04, 2011 at 11:58

Anggota Sejak Oct 18, 2011 25 pos

yes, decision has been made - currencies, gold and silver only.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 04, 2011 at 22:04

Anggota Sejak Oct 18, 2011 25 pos

Nice gain this week, but now it's WEEKEND :D
have fun!

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 21, 2011 at 13:06

Anggota Sejak Oct 18, 2011 25 pos

My cool broker asked to close all trades so that demo can be extended... Waiting for their confirmation to begin new trades...

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 22, 2011 at 14:18

Anggota Sejak Oct 18, 2011 25 pos

Restraining from trading is also a trading decision... not that I'm not doing anything, but I don't see any clear signals.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 24, 2011 at 08:06

Anggota Sejak Oct 18, 2011 25 pos

Not sure how you guys see it, but for my signals the market is really confused. No direction on anything I traded last month.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Nov 24, 2011 at 16:05

Anggota Sejak Oct 18, 2011 25 pos

Yeah, sure - now I remember that US guys are having a turkey now :) no wonder the market is asleep... I should do the same.

Dr_P

Anggota Sejak Oct 18, 2011 25 pos

Dec 07, 2011 at 22:05

Anggota Sejak Oct 18, 2011 25 pos

It's been interesting couple of days. I have been trading on my real account and it turns out that trading on demo in parallel is not easy :) so for sure i missed some opportunities. Last night I entered a long on VIX, keeping in mind all those uncertainties in Europe - it seemed like a good move with a decent gain. I believe VIX is still about to go up (i entered it some minutes ago on my real account as well) as the discussions in Europe intensify the market. Cheers

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Dr_P->Demo Diskusi