leerees's Posts | Myfxbook

Million Dollar Pips in Trading Systems Oct 17, 2013 at 15:56

I made around £2,000 with MDP. It was actually £2,300 in profit when it started loosing but I stopped it just shy of £2,000. I found out in the end (after much research) the £300 losses were caused by my brokers liquidity provider. I withdrew my profits and borrowed the strategy to code my own EA which I still trade today. The reason MDP died was because too many people were entering the same trades. What the smart people have done is change the dynamics of the strategy and kept it private.By the way do not share your live profitable accounts on myfxbook, this is how b...

Live Strategy Testing in Trading Systems Jul 06, 2012 at 13:58

Hi guys, just a quick update to say the EA's are still performing well.I have just donated £10,000 of my EA profits to centrepoint, it's a charity that helps homeless young people. http://www.centrepoint.org.uk/ If you are making money from forex trading I urge you to donate some of your earnings to those who are less fortunate.I plan to make another donation at the end of this year, haven't decided who but I feel it should be towards a charity that helps poverty in the western world. A few of you have emailed me asking about the possiblity of setting up a charity forex broke...

Exotics 1 in Trading Systems Feb 24, 2012 at 14:24

This strategy was used in the development of one my EA's. It's non profitable on it's own.

Live Strategy Testing in Trading Systems Feb 24, 2012 at 14:12

Guys,just a quick update to say sorry that you haven't seen any action on this account for some months. Basically GoMarkets are having serious problems with slippage and execution. I have since moved my accounts to a new broker and once they are supported I will create a new live strategy testing page.There isn't really that much testing going on now as the EA's which I've created are now all working well. I just want to say I really enjoyed sharing the experience with you guys and thanks to all those that have emailed me to discuss the strategies. A very special thanks goes to...

I have a simple idea in trading, i need help to convert it to EA and test it. in Programming Feb 22, 2012 at 15:32

I already have an EA that does this. You can have it for $50 if you like.

Brap TP 25 SL 150 in Trading Systems Dec 28, 2011 at 09:59

Exactly Steve, basically what I've found here is that £150 seems to be the sweet spot for this group of currencies. The EUR/USD is of little importance to the strategy thanks to it's grouping of currencies so weather it becomes more volatile or even ceases to exist, Brap will be fine.Brap has produced £800 of profit in 1 month, that's starting from a £500 account. We trade the same lot sizes so risk decreases as the account balance grows. These are plain market orders and the signals are copied from a demo account, what this means is that the live account will tak...

Scalp Hard in Trading Systems Dec 27, 2011 at 13:12

Excuse the martingale style trades on the 27th Dec 2011, I accidentally attatched the wrong EA to this account.Scalp Hard is fixed lots / non martingale.

Brap TP 25 SL 150 in Trading Systems Dec 20, 2011 at 23:34

A few questions that have been sent to my emailQ) some trades seem to be closed in negative, why is this?A) That will most likely be brap EA at work, when the overall equity is either in positive by £25 or negative by £150 brap will intervene, the staircase equity growth you see is when the brap stop loss kicks in.Q) Isn't it better to just use basket equity protection on each individual currency pairA) No, the pairs traded are non correlating, once they fail everything should be closed at a loss, this is to prevent runaway baskets and account blow outs. If you look at every ot...

Brap TP 25 SL 150 in Trading Systems Dec 15, 2011 at 11:57

The open equity management seems to be working an absolute treat. I imagine it will take a lot of convincing to prove to people that there is a way to trade grids profitably but with the Brap EA the logic speaks for itself, instead of blindly drawing down we open trades on a non correlating pair to manage draw down, then we balance out the open equity so that we can close all trades for an overall profit. Absolute worst case scenarious are dealt with thanks to the open equity stop. With all this in mind we can make a lot of money in a short space of time without the traditional grid trading ri...

Live Strategy Testing in Trading Systems Dec 15, 2011 at 11:20

Just a quick update to say I will be opening another live strategy testing account next year to host some of the EA's I've been developing and forward testing.From Jan 2011 the accounts will be split as follows:Live Strategy Testing 1: Scalping and HFTLive Strategy Testing 2: Trend Trading, Swing Trading and HedgingI plan to offer Live Strategy Test 2 to the public, so you will be able to use a trade copying EA to duplicate my trades, I understand that a lot of people don't have money so this will be offered free to those who signup to brokers with my referal link. Q) You said you ...

Scalp Hard in Trading Systems Dec 12, 2011 at 17:47

This is a scalping strategy I am working on. It's having real problems running on gomarkets due to the constant spread widening. In theory it's a winning strategy but the spread blowouts are forcing me to rework it. Those 2 AUD/USD trades were winners on another broker.I know gomarkets are having problems at the moment but it's making scalping impossible, even on demo accounts as the spreads widen just as much on those.Still a lot of good has come out of this as I will be moving this EA to a broker with better liquidity in the new year.

Managed Account 1 (Short term conservative) in Trading Systems Nov 25, 2011 at 17:55

Hi Bijan, this is not grid me up fx although the strategy is somewhat similar, the difference is this EA hedges when drawdown reaches a fixed amount, it also uses dialy candle deviations aswell as reversi for entry.

DB Nov defaults in Trading Systems Nov 23, 2011 at 17:20

This setup is a modified blessing EA that unlike the traditional blessing goes for positive equity and positive trades even after extra level drawdown rather than a static tp, it is the basis for the brap system that will utilise multiple bags of double barrelled blessings. lol I know it's all a bit much ;-)This account will ultimately crash or be closed, it's purpose is not to make money, it's for me to watch the strategy and make any adjustments.

Live Strategy Testing in Trading Systems Nov 23, 2011 at 17:17

Just an update, the liquidity problems are still affecting gomarkets so it looks like I am going to have to find another broker.Some of you may or may not be aware of blessing ea, it's a free grid trader made by jtalon, do a search on google and be sure to check them out, it's an honest operation going on there.Anyhow I've decided to take blessing and modify it, as we already know grid trading and martingale on it's own is very dangerous. However, I am experimenting with open equity and pairs correlation / arbitrage, by grouping together lots of blessing ea's and controllin...

Brap TP 10 SL 100 in Trading Systems Nov 23, 2011 at 16:19

something isn't quite right here, I'll have to take a look but for some reason this test isn't behaving itself. It certainly shouldn't have closed those open trades for - £60.

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Nov 18, 2011 at 09:14

7Forex, sorry but your strategy is too risky for me. No money management at all is crazy!As for MistiFX, well I am not a self proclaimed anything, however take a look at my account and then take a look at your account, which one has more profit. Let me just say Misti that YOU are the one who is hiding your open trades, the only reason people do that is when they are in massive drawdown. Your behaivour stinks of dishonesty and yet you try and rubbish me online? You can say what you want about me but I am honest about my trading, I don't hide losses and funnily enough, I make a lot more prof...

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Nov 17, 2011 at 09:46

Hi 7,Just ignore all these idiots that are doubting your strategy. The majority of traders here have been conditioned into thinking you can only earn 2% a month in trading. They see high flyers netting 20% a month and get jelous and come onto their pages to try and rubbish them because they never got beyond moving averages and price action.Can you tell us more about the strategy, I'm guessing it's not martingale right?whats the risk per trade?

Live Strategy Testing in Trading Systems Nov 11, 2011 at 10:46

Go Markets are having liquidity issues at the moment which is affecting the spread. I'm seeing the spread rise to over 3 pips on the EUR/USD. Unfortunately this spread is too high to trade slug16 so I'll have to suspend it for now.I've spoke to GoMarkets who say that they are looking at fixing the issue. I really do hopy they sort it out as they have been a good broker up until now. The issue is affecting all traders judging by what I've read on the majour forums.

Pepperstone-ECN in Trading Systems Nov 08, 2011 at 10:55

Hi Soulmerlin, what is doing the EUR/USD trades that show stop loss and take profit, is that MDP?

FR61C in Trading Systems Oct 31, 2011 at 17:48

May I ask why you've made all the financials private? it kind of defeats the object of sharing, we need to see drawdown in relation to lot sizes, etc.

All Quotes
AUDUSD	0.653	USDCHF	0.9147
EURJPY	169.15	EURCHF	0.9785
EURGBP	0.8563	GBPJPY	197.36
EURUSD	1.0699	GBPUSD	1.2487
USDJPY	158.04	USDCAD	1.3679

EURUSD	1.0699	GBPUSD	1.2487
USDJPY	158.04	USDCAD	1.3679

Posts by leerees