Patience's Inlägg - sida 10

Trade small to win på Erfaren Traders Jul 20, 2010 at 09:50

Mmmm, that's still too much for me. If I had a $1,000 account the most I would be trading would be 50 cents (whether that be one trade or a few e.g. 20 cents + 20 cents + 10 cents etc). I only have one account where I have been trying to practice really good money management and I've got positions open equalling 5:1 true leverage (position size/account size). In my other accounts I'm not so good and if I go slightly overboard in one account, I just transfer some money over from another account. I keep spreadsheets of account balance, open positions, current drawdown etc so I ca...

Trade small to win på Erfaren Traders Jul 19, 2010 at 12:00

Here is a good thread that a friend just recommended to me. I need to do more of this style of trading. I have sub-accounts set up to do more longer term trading but I always seem to cut the trades short (the ones that are in profit of course). It's that instant gratification thing that just gets in the way.http://www.forexfactory.com/showthread.php?t=245149

Trade small to win på Erfaren Traders Jul 19, 2010 at 03:47

Yes, it helps to have more capital. I am adequately capitalised but I still prefer to trade small as it offers many more opportunities like being able to trade other currencies or adding to your existing trades at a better price (I'm not very good with perfect entries). I'll whack a larger trade on now and again but it's not often because the market will usually remind me why I stopped doing it in the first place.You've got it perfectly right in my book. Once you know how to trade, then trade with a well capitalised account so that you don't need to take unnecessary risk...

Trade small to win på Erfaren Traders Jul 18, 2010 at 20:36

I agree with your thinking. I generally trade small and my results reflect this. It's kept me in the game for over 6 years and I expect it to continue. I also don't aim for any set percentage per month or anything. Whatever the market feels fit to give me, I will take with pleasure. I traded large when I first started (like all noobs do) and it wasn't a pleasant experience. Now everything is calm and I sleep like a baby even when A/J drops 1,000 pips in a day 😀

Alpari Systematic på Erfaren Traders Jul 07, 2010 at 08:38

Money management is most definitely one of my most important elements. That's why I don't like the fact that FXCM advertise a minimum balance of US$2,000 (or equivalent) but recommend a balance of US$10,000. They know that someone depositing only US$2,000 is going to get wiped out in a short space of time. It's criminal. Even $10,000 isn't much if someone goes and loads up 20 systems like you 😀 If they accept minimum balances of US$2,000 then they should be offering micro lots imo.Anyway, ain't nothin' going on but the rent on my platform. Still waiting fo...

Alpari Systematic på Erfaren Traders Jul 06, 2010 at 07:28

Yeah, I've never tried that strategy when I've had a losing streak. Do the opposite of what you think. It would be just my luck to reverse the losing system and then it would start winning. Well I closed the two trades - too early as usual - saw that it had done 93% of ADR and not being a greedy person was happy to pocket $137.00 demo dollars. Now it's done 137% of ADR. What a difference a day makes. Risk is on man. No other trades have been initiated yet.

Alpari Systematic på Erfaren Traders Jul 06, 2010 at 06:03

I wake up to see that my first two trades have been initiated on AUD/CAD and guess what, they are in profit! Since I adhere to the school of never let a green trade turn red, I've moved the stops to a little more than B/E since the trades are over 30 pips in profit. No limit has been set by the system or myself at this stage. Guess I could pull up a chart and look for the next resistance.Did you see that they have a "reverse strategy" option on systems? I found that extremely funny. So you can take the worst performing system and reverse the strategy. And the fact that you ...

Big Bank på Trading System Jul 05, 2010 at 22:00

Apparently trading institutional accounts and making six figure incomes 😁 and they only have to achieve 10-15% returns per year to keep their clients happy.Oh, Kapend Investments, after making your comment about gamblers messing this forum up, I'm awfully disappointed that you haven't updated your account. I so wanted to see the art of trading.

Alpari Systematic på Erfaren Traders Jul 05, 2010 at 21:01

Yeah, until that Black Swan event happens or GFC No. 2 - lol. I am a little uncomfortable at true leverage of 1:12 (assuming all positions are opened simultaneously). In my own trading I usually start off a trade with 1:2 cos I'm never very good with entries and it gives me a chance to add a litte lower if appropriate (or choose another currency). It also enables me to have wide stops and no panic room situations. It's just the way I like to punt.But I needn't worry at this stage because after Day No. 1 - no positions have been opened so far and it's a demo (I'm really ...

Alpari Systematic på Erfaren Traders Jul 05, 2010 at 16:58

But since you've whacked 20 systems on what is your leverage if all positions were opened simultaneously? I thought I'd try to run a fairly realistic demo - I've only opened a demo with $20,000 NZD - they don't have GBP as an option. I've just whacked another system on which takes me to 1:11.64 leverage but two of these systems are GBP/JPY so I'll probably delete one of them. I'm also trying to be good with correlations. Don't want the system to be too one-sided.@ Winsor - you're welcome. Hopefully he can give you a hand.

Alpari Systematic på Erfaren Traders Jul 05, 2010 at 16:23

Winsor - well that's a positive result! Well done!I've never messed around with EAs but I'll see if I can think of someone from FF that uses EAs (that's experienced) and refer them to your thread. Do you hang out at FF? Thinking about it, I do know someone at FF that's really experienced who only trades (and writes) EAs. I'll see if he might be interested if you like.[EDIT] I've just sent him a PM so if he's interested, he'll no doubt be in touch.

Alpari Systematic på Erfaren Traders Jul 05, 2010 at 16:09

There are 12 systems from 2006. 10 of these systems are from the same provider. 6 of their systems made money, 4 lost money. But each system didn't make any more than 25 trades. Over 4 years? I'm gonna have to look into it more. Such a lot to look through.No, me being a drop kick again. I needed to select "since inception" and "get" to see all their trades. Now they have 5 systems that made money and 5 that didn't since 2006 from the same provider. The other two systems from 2006 (different providers) both had losses - just a mere $24,000 and $96,000 in...

Alpari Systematic på Erfaren Traders Jul 05, 2010 at 15:58

You mean Tradency doesn't have a system that is older than 2 years?No, scrub that, I've just sorted the systems. There are some from 2006.

Alpari Systematic på Erfaren Traders Jul 05, 2010 at 15:53

Wow - I think 40% is probably too much to expect. I'm still waiting for a trade to be executed. I'm dying to see it in action. These traders must be smart - not trading on a low liquidity holiday like today. I may have a chance to make some demo money yet. If not, looks like I'll have to look at Zipsignals.@ Elkart - I should have worked that out - if Alpari is down then FXCM would be down - doh! You can see why I don't mess around with EAs.

Alpari Systematic på Erfaren Traders Jul 05, 2010 at 11:46

Elkart, I meant to say since you are having problems with Alpari/Tradency in my previous post so I'll see if the same thing happens with FXCM/Tradency's partnership. Well I've only loaded 5 systems to start with because I'm a conservative type of gal and in the words of Diana Ross "I'm still waiting" ...... for something to happen 😄@ Winsor - who on earth expects to earn 1000% per year? Ah ha ha ha ha ha ha - in my dreams .... actually, now that I think about it, not even in my dreams. I try to be realistic in my life 😉

Alpari Systematic på Erfaren Traders Jul 03, 2010 at 16:05

Thanks for that link. I just did a search on "forex system selector" and stumbled across this thread at DailyFX http://forexforums.dailyfx.com/fss/35368-system-reviews-dailyfx-course-instructors-47.html. As it seems like you are having lots of problems with Tradency, I'm going to open a demo with the FXCM system selector for a laugh and see how it goes.

Alpari Systematic på Erfaren Traders Jul 03, 2010 at 12:24

You're right. Since you raised this issue I've been looking around on the web as well but I can't find much. Either there aren't many people using it or they don't like talking about it. And we all know that punters like to talk about being ripped off (whether by a broker or an EA) so that leads me to think that there aren't many people using these systems.

Alpari Systematic på Erfaren Traders Jun 28, 2010 at 20:58

😲 Looks like you're going to have to do it the good ole fashioned way.

Alpari Systematic på Erfaren Traders Jun 26, 2010 at 15:10

I'm out of my depth with all this robot/EA stuff. I need to see real returns traded on real accounts with real money in real time. Call it old fashioned. Backtests don't impress me no matter what percentage gains they have.

Your definition of a junk system!? på Allmänt Jun 26, 2010 at 14:51

If you do a search on systems that are at least 1 year old, real and traded within the last week you get 42 hits. That narrows down the search. Then you have to uncustomise some of these accounts as they show profit whereas they are really in loss over the period. You also can't specify drawdown as a condition because Oanda accounts don't give the correct drawdown.

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