stevewalker - Manual Trading

what ever we do it is 2 dimesonal. Up/Down

without 3rd dimension which is Real Volume or DOM ( Depth of Market ) it has big prob. of fail anytime.

walker

broker has gone.

https://www.forexpeacearmy.com/forex-forum/forex-articles/20904-terminated-broco-wont-back.html

From CEO: Termination of Broco
Dear Clients of Broco group of companies!

Me, Valeriy Maltsev, CEO of the company, have to inform you about termination of Broco company from 00.00, July 25 of 2012 year.

From the previous week Ministry of Internal Affairs of Russia conducted search in “Broco” (requisition of equipment, interrogation) within the framework of criminal proceedings against Broco about suspect in fraud.

All suspects are based upon a few claims of our former clients who traded in the company in 2008 – 2009 and lost money in the result of trading.
All clients had been trading for months, did a lot of trades which is proved by trading statements.

One more charge is that we worked without license on that period of time (Russian Federal Financial Markets Service and FSC are not accounted for some reason) and that we could not conduct trades at international markets (ignoring work with ECN platforms CQG, NT, Currenex and case with SEC USA which testifies about 100% presence of clients' money on international exchanges)
For the last 2.5 years it was the 4th wave of searches in the company. Every such wave took away all work equipment, servers and part of trained employees who scared such actions. Every such wave made us lose our investors.

In every process there is a moment when we lose all our power to cope with efforts aimed to destroy the company. So do we.
Over the last 2,5 years upheavals experienced by the company were too big but every time we tried to recover all processes and tried our best not to make clients suffer. However SEC-related resonance, tough actions inspired by competitors, the last serious of bankruptcy of US prime-brokers and the last wave of searches taking away almost all resources drew a line under “Broco”

Till the last moment I supported and encouraged our employees in the hope that troubles will end and we can continue smooth work. We were not allowed to do so. From July 25 99% of Broco's staff will be fired. I know that there is no fault of them in this situation.

From July 25 we will stop activity of all companies framing Broco Group. Brokers and technical support will not be available. From 2.00 am Moscow time clients of the company can only close trades. On Friday all trades of clients will be closed.
Since there will be no access to support systems, we can only receive requests of clients in writing to the company's address. I will publish address and samples of documents. Personal area and web-sites of the companies will work till July 27.
Forum of the company will work on a permanent basis. Please monitor the news on it.

Broco is more than just a company for me personally. It is my life and therefore I ask all clients, affiliates, contractors and employees to forgive me. I did not manage complicated situation, despite the fact I did more than possible.
All important information will be published on forum.

how can we HEDGE our trades

if I am trading eg with EU first I should find a instrument that is MAX UNRlated with EU. et least it must not be a currency pair.

eg soybeans, wheat or what ever it is

here the logic is depending on trader capanilty of trading.

we can trade 2 different unrlated instrument.
at that point due to tading instruments are unrlated they will not effect from each other atleast on min level.

if I am over average trader then it is not very possible to have both trade desecions wrong.

but on the other hand when one fails other can succeed and they hedge each other.

if they both wins then it is big goal.

so basicly hedging between currencies like USDCHF vs EURUSD means nothing.

walker

MoM-1

today collected 52 pips Net with again ~6-8 pip SL
TP average is 43 pip

so basicly this is not a scalper. it is catching the big moves.

on the top of that it missed at least a 100 pip due to some conflicts. Will work on those.
walker

stevewalker posted:
today it collected

147 pips with 6 pip fix stop.
seems very good.

walker

stevewalker posted:
needs some fine tuning thenlive if goes ok.

stevewalker posted:
changed the TP calculation late night.

today
loss : 24 pip
profit : 70 pip

net profit : 46 pip

with only 6 pip stop

stevewalker posted:
after collecting data for MFE MAE for 4 days I started ( Demo first )

MoM-1 EA with
6 pip SL
34 pip TP
fix.

TP can be > 50 pip . will check and update if needed.

will see what will happen.

3 longs were unlucky.
2 hit SL with < 1 pip but at the end they did not reach TP. so result the same
1 could not reach TP anf hit SL. I could close that when in 40 pips profit but this will effect test results.

2 shorts did the job as I wish.

For those who have illusions about the 'market', TA and FA.
All simpler and cruder than you think!

'Why are market makers, dealers and brokers in the large black and take the money from the market?
If there is a movement, they know the source of this movement, namely:

1. The structure of the purchases or sales by Long and shorts. For example, what percentage of the total purchases for the day was to cover the shorts? It is very important infa. What is this? Shortskviz or visit the big players?

2. Who exactly is buying or selling? Small, medium, or large speculators, private long-term investors, hedge funds, the state, dealers and so forth. A simple example. IBM shares rose almost a year and did not fall despite the fact that it is on the financial performance is not that so good. And just recently we learned that the whole year bought IBM stock on the record volume of Buffett. Of course, the dealers knew this information already in the beginning of the purchases. If the increase in purchases of speculators is provided, it is not growth, but fake, and a reversal may occur at any moment. Therefore, this structure is also a very valuable infa.

3. Placing large orders to buy or sell. It seems everything can be good, no news and the stock drops a few days or weeks just because of that large funds needed to merge its stake. For bidders, this information is hidden, but insiders in the course of a large order, and will act in the direction of this order. For example, in 2008, knowing that EBV will enter the Russian market, then someone could provide themselves with loot for life, rising from his shoulder and caught a limit movement of the shares by 30%. Or, MMC, all of which fell in November 2011 only because of the release of a large fund.

4. Access to insider information from central banks and governments. Of course, that all, without exception, the dealers were aware of the opening of the swap lines in the middle of November and so bought back in the fall of the market. And knew by the decision of European officials to increase stab.fonda, which was in late October. Inside are always taxis and they are actively used.

5. Dealers are always aware of the volume and access to liquidity in the system. This is understandable, since they monitor this liquidity. This is the same as to know what your right hand. You know? The same thing, and dealers. That is, they are aware of no problems when these problems occur, and in advance. It is for this reason they came out from Long first 6 months of 2011. Once out, the market collapsed in August. They always have the concept of potential holes, holes in the system, problems in funding and so on.

6. They can be real-time tracking of the money market and cash flows. Knowing the flow of liquidity, it is possible to know the direction of the market.

7. They know exactly the location of all stops. Having access to this information, it is possible to predict the potential for price momentum. For example, if there is a canopy of shorts, and the margin of the foot which are near 1230, then with a probability of 90% will go to the market in 1230 to collect money from speculators. Same thing with Long. Market drops as long as the foot does not lift the larger parties. This is the reason that markets are always deployed after the burst of sentiment. After the fall shortskviza and grow after the collapse.

8. They know the level of liquidity in the system, the volume of deposits and assets in brokerage accounts. So, have an idea of ​​how much to send money to change the S & P by 1%. In fact, dealers can monitor the S & P to within one tick. They have a software system using neural networks, which is based on historical data, experience and current level of liquidity determines the potential of the market movement in either direction.
----------------------------------
With access to at least one item of the whole, analysis, news reports, you can send in the trash, because Price formed a totally different way.
Here's an example. Yesterday 6 Savings torn out, and now after the margin Dwarf in the evening fell, yesterday, trailed behind Gazprom, Gazprom is now 5%. Without knowing the amount of shorts and warrants to purchase, it is impossible to predict the movement of any one TA, fund.korp.analizom and more. Liquidity stupidly wanders, taking money from gullible speculators. Likewise, those who believed in free markets, lost on Friday, putting a drop. So there you have it. '
-----------------------------

😎

I agree all
most depends on insider information!

but the root is;

'6. They can be real-time tracking of the money market and cash flows. Knowing the flow of liquidity, it is possible to know the direction of the market.'

Let us remember one simple thing - the real reason is never shown in the official media, or displayed, but after the market movement has occurred. For the market, more for those who run trend is not news. Why not? Just because they generators of this news. Any information the insider already known. They're all connected to each other and keep in touch. Midge flies are not unnoticed. The 2008 crisis was not a market for news, the collapse of Lehman was not news (insiders knew about this a few weeks, since the decision was made long before the actual bankruptcy), the debt crisis is not news and all the problems about which we write, - they were known long ago banks. 😎

You can not go back and change your start, but you can start now and change your finish. 😄😎

one short left open from last friday has hit TP with 67 pips. ( 52+67 pips)

lets see what will happen this week. if this week goes ok will go live.

walker

stevewalker posted:
MoM-1

today collected 52 pips Net with again ~6-8 pip SL
TP average is 43 pip

so basicly this is not a scalper. it is catching the big moves.

on the top of that it missed at least a 100 pip due to some conflicts. Will work on those.
walker

stevewalker posted:
today it collected

147 pips with 6 pip fix stop.
seems very good.

walker

stevewalker posted:
needs some fine tuning thenlive if goes ok.

stevewalker posted:
changed the TP calculation late night.

today
loss : 24 pip
profit : 70 pip

net profit : 46 pip

with only 6 pip stop

stevewalker posted:
after collecting data for MFE MAE for 4 days I started ( Demo first )

MoM-1 EA with
6 pip SL
34 pip TP
fix.

TP can be > 50 pip . will check and update if needed.

will see what will happen.

MoM-1

missed 62 pips with 2 pips. stop out before TP.

nothing to do.

suffer.

walker

2 pips? it is a bit extreme stop. I do have some trades with 6 pips stop but 2 😀

no. stop was at 8 pips + slippage , it stop out with +2 pips. shame & suffer

Chikot posted:
2 pips? it is a bit extreme stop. I do have some trades with 6 pips stop but 2 😀

I am currrntly -%2.98 this week 1 Hr manual trading due to early exit.

walker

first took SL with 2 pips

then after hours took TP with 2 pips.

stevewalker posted:
no. stop was at 8 pips + slippage , it stop out with +2 pips. shame & suffer

Chikot posted:
2 pips? it is a bit extreme stop. I do have some trades with 6 pips stop but 2 😀

you had 62 pips on day trading account and did not lock some profit? I would advice to take half position at 2:1 R:R and let the rest running and just keep locking profits.

first stop out then moved to +62 pips

Chikot posted:
you had 62 pips on day trading account and did not lock some profit? I would advice to take half position at 2:1 R:R and let the rest running and just keep locking profits.

https://www.forexpeacearmy.com/forex-forum/forex-articles/20937-nfa-slaps-alpari-us-200-000-a.html

The NFA is getting serious about limits in cancelling trades.

For Immediate Release
July 26, 2012
For more information contact:
Karen Wuertz (312) 781-1335, [email protected]
Larry Dyekman (312) 781-1372, [email protected]

NFA issues $200,000 fine against New York forex firm Alpari US LLC

July 26, Chicago - National Futures Association (NFA) has ordered Alpari US LLC, a futures commission merchant and forex dealer Member located in New York City, to pay a $200,000 fine as a result of an NFA Complaint filed in June 2012 and a settlement offer submitted by Alpari and two of the firm's principals, Jermaine C. Harmon and Richard A. Lani.

The Decision, issued by NFA's Business Conduct Committee, found Alpari violated several NFA requirements, including improperly cancelling forex trades and removing profits from customer accounts, failing to timely report trade data and other required information to NFA, failing to observe high standards of commercial honor, failing to comply with NFA's Enhanced Supervisory Requirements and failing to keep accurate records. The Decision also found that Alpari - together with Harmon and Lani - failed to supervise.

In addition to the $200,000 fine, Alpari is required to refund within 30 days to customers losses they incurred as a result of the price adjustments that Alpari made to their accounts in connection with an October 2011 'market event.' Alpari must also provide verification to NFA that these refunds were paid to and received by customers.

Alpari must also submit a written report to NFA within 180 days of the effective date of the Decision which documents the results of an independent review of Alpari's electronic trading platforms conducted by a qualified outside party and the steps Alpari has implemented to remedy deficiencies with the firm's internal controls.

Alpari, Harmon and Lani neither admitted nor denied the charges. The complete text of the Complaint and Decision are available on NFA's website.

I'd like to thank FPA reviewer Tangmase for bringing this to the attention of the FPA.

NFA Press Release on Alpari US action

FPA review page for Alpari-US.com

MoM-1 is in action but no more trades this week so far. some loosers at the beggining of the week. overall still in good profit in 2 weeks time.

on the other hand, when coding MoM-1, new idea triggered in mind.
** the spike brokers. **
as you know some brokers create spikes and take their client SL and blow acounts. NOT FARE!!!!
how about if I can turn those spikes into money and transfer it to other broker as profit.
at the end I will get payed by other broker. so 'spike broker' can not balme or understand anything

walker