QFX Signals_Daily Profits 討論

Today big price gaps during market open was observed in many currency pairs. Also, random big price movements have happened in multiple pairs within first few hours of the day.

Due to this, this system has given a small loss for today. As I mentioned before, this is a more active trading system as compared to my other trading system. So the loss occurred mainly due to the price gaps which created immediately after market open.

So I have done further improvements to the system to tackle with the trades arising due to such the price gaps.

Though it is just the starting of the day and still further trades can be expected later in the day. I have to wait and see what happens today since there are 4 high impact fundamental news events after 8 hours which may create some trading opportunity in the system and ultimately it may recover the small loss.

i was studying the account at signalstart..but the link is showing error now...can you check?

ccfund posted:
i was studying the account at signalstart..but the link is showing error now...can you check?

This mt4 account was already linked to the old signalstart account which was not displaying the actual performance of the strategy in signalstart. Hence, I have requested signalstart support to remove the account and I will add it again once it is removed.

So temporarily I have made the account private till new account is added in signalstart.

After I add this account again, I will post the new signalstart link for this account here. Just waiting for signalstart support.

Yesterday the most of the market movement already happened at the beginning of the day. So there was no major movements later in the day and hence, there were no trades opened for yesterday after yesterday morning.

Today market is overall okay and few trades have been triggered. I have to wait and see how this week goes.

We are in the end of the month and hence, I am taking minor precautions to avoid any additional risks to the account.

it is using grid and grid is always risky.

luckytrader11 posted:
it is using grid and grid is always risky.

Unlike any other grid trading systems, all of my systems uses a reasonable stoploss. Also, all the accounts uses maximum allowed negative floating equity at which auto force close of trades will happen. So it is much more safe and well calculated risk based system, but definitely a high risk system.

Today's group of orders were closed with a small profit.

Me personally like this system compared to my other system as well as compared to any other grid or martingale system mainly because of 3 fundamental reasons:
1.This system can be traded and followed with a very little account balance of 250 USD safely and hence, it can be followed by any retail trader
2.It trades like a scalper, but not a scalper of course which means I don't have to wait for many hours or days to close the group of orders every time. Most orders are closed within few minutes and sometimes few hours
3.It uses stoploss and negative equity protection to handle any market crash events

Now, I can easily create unlimited number of combination of such highly profitable systems even with stoploss, but most of the systems will require at least 2000 USD or more to trade safely and it is same with most of the grid and martingale systems which can make profit.

So I am sticking with this system without much change in it to see if it can trade for ever without reaching the maximum drawdown at all or will it reach the maximum drawdown % of 50% at sometime in future.

luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

ccfund posted:

luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

correct..also it is a cent account.

so need to watch and see for sometime

Today morning markets were overall good and the first group of orders have been closed with a small profit.

Now, we have recovered the loss which occurred on Monday and already in small profit for this week and almost reached the monthly target for this month even though we have one more week to cover. Also, this Monday loss happened mainly due to price gaps and I have already taken steps to avoid similar things in future.

In fact, that was only day which was closed in loss in last 3 weeks of trading. I need to wait and see how it goes in future and if it places any more trades for today or not.

ccfund posted:

luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

If sudden market crash will happen what happened in CHF pairs few years back, then even if brokers go bankrupt and each and every strategy will collapse which has opened trades.

But during regular markets even if there will be major volatility, then 50% negative equity protection is already built in and stoploss is intact in each trade and even after reaching the maximum drawdown once in a month still the system will end in profit of 50% per month. So making 50% per month safely with 50% drawdown is not a simple or easy achievement for all systems.

If it doesn't reach the 50% maximum drawdown ,then the system can make 100% or more profit per month.

luckytrader11 posted:

ccfund posted:

luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

correct..also it is a cent account.

so need to watch and see for sometime

Yes, it is a cent account. But it is not a DEMO account which means the performance is real in real money.

Also, don't forget that the spreads in cent accounts are usually much higher than usual ECN brokers and so if anyone will follow the signals using a good broker like IC Markets or pepperstone, then his account performance will be much better than this cent account performance. At least the monthly return can be 10% to 20% more in ECN accounts.

In very near future, I am planning to publish another mt4 account with little more aggression kind of trading style which is the improved version of this system. I might use both grid and martingale in that system.

This system uses only grid and definitely much more aggressive than my first system. But still this system places a large number of trades only few days and rest of the days it places very few to almost no trades.

So to balance that I am planning to start a new system, but this system as well as the previous system will continue to run as usual since I don't want to mess up the existing profitable systems to meet the needs of signal followers.

Q_FxTrader posted:

ccfund posted:

luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

If sudden market crash will happen what happened in CHF pairs few years back, then even if brokers go bankrupt and each and every strategy will collapse which has opened trades.

But during regular markets even if there will be major volatility, then 50% negative equity protection is already built in and stoploss is intact in each trade and even after reaching the maximum drawdown once in a month still the system will end in profit of 50% per month. So making 50% per month safely with 50% drawdown is not a simple or easy achievement for all systems.

If it doesn't reach the 50% maximum drawdown ,then the system can make 100% or more profit per month.

ok, do you trade during important news events or avoid trading the news?

Today so far there is very little movement in the market in currency pairs and hence, only one trade was triggered in this system. So very little profit was made in the system.

Though the new system has made very good profit in last 2 days still I have kept it private and will make it public very soon once all settings adjustments were done.

I will wait and see if it can give more trades later in the day today.

ccfund posted:

Q_FxTrader posted:

ccfund posted:

luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

If sudden market crash will happen what happened in CHF pairs few years back, then even if brokers go bankrupt and each and every strategy will collapse which has opened trades.

But during regular markets even if there will be major volatility, then 50% negative equity protection is already built in and stoploss is intact in each trade and even after reaching the maximum drawdown once in a month still the system will end in profit of 50% per month. So making 50% per month safely with 50% drawdown is not a simple or easy achievement for all systems.

If it doesn't reach the 50% maximum drawdown ,then the system can make 100% or more profit per month.

ok, do you trade during important news events or avoid trading the news?

I avoid trading the news. All my systems try to avoid trading during the major news releases.

can you open trade history?

you can hide open trades if you want..but i want to study the trade history how it trades...

Yesterday night the system closed some more trades in profit. Also, today morning the markets were overall okay and the system triggered few trades, but not yet closed.

Today is the month end as well as week end and so markets are very dull and hence, I am taking extra precautions in trading. So let's see how it goes by end of today.