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Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (โดย forex_trader_269758)
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Trend Reversal Algorithmic System for Maximum Risk Reward Ratio การสนทนา
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 15, 2015 at 21:29
Hi everyone. My name is Tom.
Just wanted to share with you all one of the strategies in one of my live accounts. It's an EA I coded myself. Self Taught! Took me weeks, but I made it out alive!
Would love to hear comments and questions.
Let's look forward to a nice and non-choppy Fed Rate meeting on Thursday!
Tom~
Just wanted to share with you all one of the strategies in one of my live accounts. It's an EA I coded myself. Self Taught! Took me weeks, but I made it out alive!
Would love to hear comments and questions.
Let's look forward to a nice and non-choppy Fed Rate meeting on Thursday!
Tom~
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 16, 2015 at 18:34
I wasn't really planning to sell my EA. I'm still new to this forum and I will answer your questions personally (once i know how to learn how to message on this myfxbook!)
But if you are interested in the EA, I can explain more to you personally and we can come up with a reasonable price. I do feel good helping other traders make profits
But if you are interested in the EA, I can explain more to you personally and we can come up with a reasonable price. I do feel good helping other traders make profits
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 16, 2015 at 18:49
Not sure if this is working or is it too late to post but, here it goes anyway!
http://www.myfxbook.com/strategies/another-ea-x9b/86040
http://www.myfxbook.com/strategies/another-one-my-eas/86001
These are 2 of the back-tests I did for 2 of my EAs that are very very SHORT term. I hate using the word SCALP but I suppose that is what it is. These are tested using a broker that has good thin spreads. I think they look pretty good?
Comments and/or questions please!
Thanks!
Tom ~
http://www.myfxbook.com/strategies/another-ea-x9b/86040
http://www.myfxbook.com/strategies/another-one-my-eas/86001
These are 2 of the back-tests I did for 2 of my EAs that are very very SHORT term. I hate using the word SCALP but I suppose that is what it is. These are tested using a broker that has good thin spreads. I think they look pretty good?
Comments and/or questions please!
Thanks!
Tom ~
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 16, 2015 at 21:42
Looking forward to the Fed's decision tomorrow to raise or keep the rates the same. Excited, yet anxious, but no need to be nervous! I hope everyone is flat now, I am!
Tom~
Tom~
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 17, 2015 at 03:12
CHINA: "The Ministry of Commerce is still evaluating the expected Fed rate hike
impact on the Chinese economy and the initial conclusion is that any such impact
would be limited", Zhang Xiangchen, an official with the Commerce Ministry, said
at a briefing.
impact on the Chinese economy and the initial conclusion is that any such impact
would be limited", Zhang Xiangchen, an official with the Commerce Ministry, said
at a briefing.
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 17, 2015 at 03:26
Some DOLLAR-YEN: MNI Fundamental levels (orders, options, technicals) information:
Hope this helps any trader who trades the Yen (dangerous pair I must say).
*Y122.03 Aug 24 high
*Y121.75 Aug 28 high
*Y121.50 Medium offers
*Y121.33 Sep 10 high
*Y121.00 Medium offers, expiry $2.8bn (Y120.97 - Sep 11 high)
*Y120.84 200-day ma, Sep 14 high
*Y120.67 Intraday high Asia
Y120.47 **Current market price 0207GMT Thursday
*Y120.43 Intraday low Asia
*Y120.33 61.8% Daily Y120.11-69
*Y120.25 Expiry $450mn
*Y120.00 Demand on approach (Expiry $500mn)
*Y119.64 61.8% Y118.60-121.33
*Y119.50 Medium demand
*Y119.40 Sep 15 low
Hope this helps any trader who trades the Yen (dangerous pair I must say).
*Y122.03 Aug 24 high
*Y121.75 Aug 28 high
*Y121.50 Medium offers
*Y121.33 Sep 10 high
*Y121.00 Medium offers, expiry $2.8bn (Y120.97 - Sep 11 high)
*Y120.84 200-day ma, Sep 14 high
*Y120.67 Intraday high Asia
Y120.47 **Current market price 0207GMT Thursday
*Y120.43 Intraday low Asia
*Y120.33 61.8% Daily Y120.11-69
*Y120.25 Expiry $450mn
*Y120.00 Demand on approach (Expiry $500mn)
*Y119.64 61.8% Y118.60-121.33
*Y119.50 Medium demand
*Y119.40 Sep 15 low
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 17, 2015 at 06:18
Woke up very early to exercise a little bit. It's going to be a LONG day with the FED rate decision. Excited!
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 17, 2015 at 06:23
(แก้ไขแล้ว Sep 17, 2015 at 06:27)
My apologies in advance: As much as I don't want this forum to be inundated with these links, I really and honestly wanted to officially release the rest of the other EAs i had been finalizing on the for past few weeks.
These EAs are pretty old (coded last year), but I think this year the market has been VERY good to these EAs. The high volatility really made these EAs "POP" and made it perform to its PEAK efficiency.
The profits aren't too huge to brag about (still good in my opinion), but the great part is that the DD% is relatively low. I believe the Risk Reward Ratio is pretty impressive, if I may risk-fully give myself credit!
My main focus and GOAL for these EAs was to make CONSISTENT profit. Consistency is the key to success (as my Grand-father told me all the time during my youth). That man served in WW2 btw - rest in peace Grand-dad.
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-15v3/86684
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-14v3/86683
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-16/86682
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-10/86681
http://www.myfxbook.com/strategies/tjd-ea-coded-final-v/86680
As always, I'm open to questions, comments and suggestions! I'm always learning and always learning to improve.
Cheers!
Tom
These EAs are pretty old (coded last year), but I think this year the market has been VERY good to these EAs. The high volatility really made these EAs "POP" and made it perform to its PEAK efficiency.
The profits aren't too huge to brag about (still good in my opinion), but the great part is that the DD% is relatively low. I believe the Risk Reward Ratio is pretty impressive, if I may risk-fully give myself credit!
My main focus and GOAL for these EAs was to make CONSISTENT profit. Consistency is the key to success (as my Grand-father told me all the time during my youth). That man served in WW2 btw - rest in peace Grand-dad.
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-15v3/86684
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-14v3/86683
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-16/86682
http://www.myfxbook.com/strategies/tjd-ea-coded-variant-10/86681
http://www.myfxbook.com/strategies/tjd-ea-coded-final-v/86680
As always, I'm open to questions, comments and suggestions! I'm always learning and always learning to improve.
Cheers!
Tom
Sep 17, 2015 at 06:27
Hi Tom,
Impressive initial results. However your sharpe ratio is only 0.19 which tells me (and i'm guessing because you have a lot of your data hidden) that your stop loss is quite large compared to your take profit. If your committed to making a robust system you want your sharpe ratio be be above 0.6. If its not then you when have a drawdown (and you will) it will REALLY hurt. Realistically, your TP to SL ratio should be 1:1 or better. If your system works on this basis then you might be onto something. Food for thought.
Impressive initial results. However your sharpe ratio is only 0.19 which tells me (and i'm guessing because you have a lot of your data hidden) that your stop loss is quite large compared to your take profit. If your committed to making a robust system you want your sharpe ratio be be above 0.6. If its not then you when have a drawdown (and you will) it will REALLY hurt. Realistically, your TP to SL ratio should be 1:1 or better. If your system works on this basis then you might be onto something. Food for thought.
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 17, 2015 at 06:31
Noted Suttos! And thanks for messaging!
เป็นสมาชิกตั้งแต่ Sep 17, 2015
2 โพสต์
Sep 17, 2015 at 07:24
your account has only 10:1 leverage. how do you make so much profit with so less leverage??
can you msg me and give me your email address?
can you msg me and give me your email address?
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 17, 2015 at 17:27
Yes I just emailed you!
btw my email address is my signature I believe.
tjdonovantrading@gmail.com
And to answer your question, yes, I only use 10:1 leverage. I really don't believe 100:1 is necessary, that is a recipe for a disaster. Coming from the world of finance in the past 2 decades, 10:1 is enough as the banks use that, so I am used to that leverage. You may use 20:1 leverage if you wish.
The reason why 10:1 is enough for me is because my account's capital is quite a lot, enough to make decent profits with such a small leverage amount.
~Tom
btw my email address is my signature I believe.
tjdonovantrading@gmail.com
And to answer your question, yes, I only use 10:1 leverage. I really don't believe 100:1 is necessary, that is a recipe for a disaster. Coming from the world of finance in the past 2 decades, 10:1 is enough as the banks use that, so I am used to that leverage. You may use 20:1 leverage if you wish.
The reason why 10:1 is enough for me is because my account's capital is quite a lot, enough to make decent profits with such a small leverage amount.
~Tom
เป็นสมาชิกตั้งแต่ Sep 17, 2015
1 โพสต์
Sep 17, 2015 at 21:11
Looks solid , you sure your lavarage was 10;1 ? Do you mind shareing if not this is
My email wowpoker@live.nl
Can you tell us what kinda strategy you use ? Keep it going
Ciao,
FxAllstars
My email wowpoker@live.nl
Can you tell us what kinda strategy you use ? Keep it going
Ciao,
FxAllstars
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 18, 2015 at 00:22
I don't understand your question Braddock. Sorry.
fxALLstars - I will email you.
Cheers,
Tom
fxALLstars - I will email you.
Cheers,
Tom
forex_trader_269758
เป็นสมาชิกตั้งแต่ Aug 19, 2015
77 โพสต์
Sep 18, 2015 at 17:20
Hi braddock. It is possible!
Also, keep in mind that BEFORE Forex was this widespread and before the Forex broker revolution, traders and banks were trading only 1:1 NO Leverage. So 10:1 is a lot of leverage! I really don't recommend anything over 20:1. 50:1 is even pushing it too hard.
Just my honest opinion.
Tom~
Also, keep in mind that BEFORE Forex was this widespread and before the Forex broker revolution, traders and banks were trading only 1:1 NO Leverage. So 10:1 is a lot of leverage! I really don't recommend anything over 20:1. 50:1 is even pushing it too hard.
Just my honest opinion.
Tom~
