Posts de BluePanther - Página 53

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 16, 2014 at 20:08

Not liking the EURCHF drawdown. Considering a new strategy of the following charts:1. XAUUSD - no RSI2. XAUUSD - with RSI3. XAUEUR - with RSII find it hard to like any pair except these. Awaiting the drawdown to reduce so I can remove EURCHF.Also, I think 0.01 lots per $10,000 per pair is important. This is the reason I have lost to the market twice on this account - because I had less margin than required. This means I must reach $30,000 before I consider adding further risk. ie. 3 pairs x $10,000

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 15, 2014 at 20:32

The short answer:Yes, AUDUSD, GBPUSD, USDJPY were more profitable if you look at the entire account history, but they required much more margin at times. Those pairs trended strongly at certain times with considerable drawdown. I want to avoid a repeat of the EURUSD and NZD pairs' margin call incidents.The long answer:I have changed strategy multiple times during this account's history. After doing custom analysis for the period 28 Nov to 26 Dec (when I used the current strategy) and selecting to analyse only a particular EA, you can see:-USDJPY: Total trades = 351 Total pips = -465.5...

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 15, 2014 at 14:17

Keeping current rules:1. 200 open trades2. Three pairs only: XAUUSD, XAUEUR, EURCHF (200/3 = 66 open trades per pair)3. 0.01 lots per $10,0004. No RSI for entry5. Reset grids when: a) open loss = 10% of account balance or b) 200 open trade limit nears6. Keep 'optimised' grid (10, 5, 10, 8), with no max loss.7. ...all whilst aiming for 2% daily profits, and contributing a minimum of $2000 per fortnight.------------------------------------------------------------------------------------------------------------------------------------USDZAR looks like the kind of pair I have been looking ...

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 15, 2014 at 09:57

I must remember IC Markets' 200 open trades limit. With this in mind, I will keep to a minimum of pairs (the three I have chosen), and simply increase risk as my account grows.For now, I will aim for 0.01 lots per $10,000 as a simple method to associate account balance and trade risk.Current rules:1. 200 open trades2. 3 pairs only: XAUUSD, XAUEUR, EURCHF (200/3 = 66 open trades per pair)3. 0.01 lots per $10,0004. No RSI for entry5. Reset grids when: a) open loss = 10% of account balance or b) 200 open trade limit nears6. Keep "optimised" grid (10, 5, 10, 8), with no max loss.7. ....

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 15, 2014 at 09:02

Setting=8 (pips?)Okay, I managed to salvage a quarter of my account - AVOID ANY NZD PAIR! They seem to trend too much!I have decided to revert back to the old strategy of requiring no RSI to enter a trade. This way trades occur more frequently and should produce quicker profits (albeit with higher risk).I have cut my pairs to three: XAUUSD, XAUEUR, EURCHF. I plan to use "Close All" script to close all trades or specific pairs to reset any grid.Let's see how this goes... the plan is to make greater profits than what I lose when I reset the grids. This way a strong trend won't ...

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 14, 2014 at 12:10

Well, looks like this is the end of the road. Almost $0 margin. The account seemed to do okay, but AUDNZD trends too much also. I will avoid EURUSD and AUDNZD in future. Heck, perhaps I should avoid anything forex... I'll get ahead more by working and saving my money instead. 😞

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 14, 2014 at 04:08

Increasing the following pairs to 0.02 lots and the reason:-EURAUD: average trade length is shortest of all pairs at 0.88 hours-AUDJPY: net pips is +1122 and average trade length is 1.45 hours-XAUUSD: worst trade is $7.72, net positive pips-XAUEUR: worst trade is $2.58, net positive pips

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 14, 2014 at 02:12

No, I must remove some pairs - 137 trades after a couple of hours is not looking good. I think I should go with ten pairs, even though I am sure profitability will suffer. 😞Now using ten pairs: AUDJPY, AUDNZD, AUDUSD, EURAUD, GBPAUD, GBPCHF, NZDJPY, USDCHF, XAUEUR, XAUUSD.That should cut out a few trades... that cut about 47 trades, so now sitting around 90 trades. Hope that is okay!

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 14, 2014 at 01:27

RSI back to 85/15. There is a reason the defaults are that setting: I could see the EA missing too many trading opportunities for quick profits, so I am returning to this setting.So nothing has changed since hitting the trade limit, except the grid is still 8 on all pairs. Maybe I should return this to 10?

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 13, 2014 at 23:14

...ah forget it. Perhaps I should just keep all 18 pairs I had before and if I hit the 200 trade limit then I close them all and start from 0 trades? I hate boredom! 😞...nineteen pairs? Meh, I'm too tired. I need to go to sleep. Let's see how they go. RSI still 90/10 so should be more likely reversals only.I figured that after losing $700 but making $1000+ from CHFJPY alone since 7/1/14, perhaps it is worth keeping all pairs, and perhaps I may not hit the limit so quickly, and even if I do I should still come away with more profit than the cost of closing all trades (I hope).

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 13, 2014 at 22:22

Wow, instant deposit of my rebate from CashBackForex.com (via Skrill)! I guess it is worth the 2.7% Skrill processing fee. I mean, having that money in my account today I could make that fee back in a day or two, but waiting for a direct bank transfer could mean missing out on more profits (and a greater anxiety from a reduced margin). 😎

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 13, 2014 at 21:18

Closed off all positions, and my account balance is still above $20,000! Gone from a 10% to 6% return today. 😎Using "Longest Trade Length" and "Average Trade Length", the pairs with maximum time I am removing in the hope that trades will turnover quicker (a sustained trend will result in longer trade times). The reason 200 trades was reached was because some pairs had extended trends. mt4i.com is good for these stats. 😉Now using ten pairs: AUDJPY, AUDNZD, AUDUSD, EURAUD, GBPAUD, GBPCHF, NZDJPY, USDCHF, XAUEUR, XAUUSD.Unfortunate that this 200 trade limit exi...

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 13, 2014 at 20:32

Reached the broker limit of 200 open orders. This is obviously bad, since the grid EA cannot open further levels which in turn means current levels will not close as soon as they could have, thus adversely affecting profits. But on a positive note, margin levels were quite low (@less than 600%) and would only have gone lower in the recently trending market, thus possibly risking the entire account!Now I need to decide. Should I:1. Leave current positions on my account and hope it will sort itself out? (I don't think so)2. Close all positions and keep everything the same? (possibly)3. Close...

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 13, 2014 at 11:49

Thanks. There is room for improvement with this EA no doubt, but so far so good! 😉My immediate aim as mentioned before is to increase my margin available. I am aiming to maintain 2% daily returns, so if that be $2000 per day then I require an account balance of $100,000. I think that size of an account will safely manage anything the market can throw at it (still hoping though). 😕Only then will I increase my risk. Extrapolating these results, I am "hoping" (there's that word again) to make $1,000,000 in my account with returns of $20,000 per day.

Vergil_Daytrader v2.1 em Sistemas de Negociação Jan 13, 2014 at 11:44

Agreed. You can literally achieve any result in demo. Real and verified demo still means nothing. 😞

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 13, 2014 at 00:36

Embrace change! I think it is strange that folks shirk volatility surrounding news events or market gaps over weekends (avoiding Friday trading)... traders should use these opportunities of quick market change to their advantage because it is these times where the most volatility can and usually does happen. It is unfortunate when a system must avoid these times of rapid market change (and thus quick profit-making opportunities). 🙄The best system would be robust enough to survive the market 24/5 no matter what happens! 😎

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 11, 2014 at 04:36

Yeah, my account is "back in black"!!! 😉http://youtu.be/pAgnJDJN4VA

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 11, 2014 at 01:23

Free advertising for CashBackForex.com:I checked my account today and I am due to be paid back $609 in commissions which I paid IC Markets on my trades over December 2013. Last year I was earning $1.50/RLT on my trades with IC Markets, but this year I expect to be earning $1.61/RLT (as promised by CBF as a price match to a competitor).Considering the patchy performance in December I am hoping that a solid performance on my account from now until next commission rebate will net me over $1000!I am looking forward to seeing what happens. Hope for the best, not expecting the worst! 😉Broker...

New Hope 1.12a em Sistemas de Negociação Jan 10, 2014 at 23:06

Impressive! Many trades at 0 seconds duration, yet profits from 4.5% to 28%+ !!!! 😲

IC MARKETS REAL 313166 em Sistemas de Negociação Jan 10, 2014 at 22:52

Hmm, EURAUD drawdown is over, though the risk is never far away. Like they say, martingale is going to blow up an account - not a matter of 'if' but 'when'. 😕The EA has a setting of maximum loss tolerable, though the risk is if I use that setting and the market turns as it expects then I have made an unnecessary loss of a considerable part of my account. It's a gamble - do I close it off early (I could have closed the EURUSD at the time at $4000 loss but I considered it would recover) or do I let it possibly recover (or possibly blow the account if I had let it cont...

EURUSD	1.03886	GBPUSD	1.24212	AUDUSD	0.62238
USDJPY	154.832	USDCAD	1.44774	USDCHF	0.91038

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