Rsmereka Trading Journal - Page 13 - Pip Cop

**jerrycollie** · 2009-06-06, 10:33 PM

Hi Rick,
Yes, my Maestro took a few hard stops on some Dollar trades; but it is doing okay on its Yen trades. The sudden recovery of the Dollar caught me off guard, too; although I still don't think it is a long-term trend

change; but I can't tell for sure. It looks to me like the Dollar pairs are still above their lower trend

lines. These will teach me not to trade Fridays. In the meantime, I am holding pat. I think the problem with Maestro is that it needs a larger stop loss, like about 500 pips, to allow for these sudden dips. Of course then I would really get killed when the trend

reversed.
So that is what I like about GT Shadow; there are no stop-loss points; you just wait out any drawdown

. I can see one problem though: If the swap

is running against you (as in shorting AUD/NZD), then a long-term drawdown

could let the swap

eat up any profits.
Happy trading!

**rsmereka** · 2009-06-07, 12:03 PM

Quote:

Originally Posted by jerrycollie

Hi Rick,
Yes, my Maestro took a few hard stops on some Dollar trades; but it is doing okay on its Yen trades. The sudden recovery of the Dollar caught me off guard, too; although I still don't think it is a long-term trend

change; but I can't tell for sure. It looks to me like the Dollar pairs are still above their lower trend

lines. These will teach me not to trade Fridays. In the meantime, I am holding pat. I think the problem with Maestro is that it needs a larger stop loss, like about 500 pips, to allow for these sudden dips. Of course then I would really get killed when the trend

reversed.
So that is what I like about GT Shadow; there are no stop-loss points; you just wait out any drawdown

. I can see one problem though: If the swap

is running against you (as in shorting AUD/NZD), then a long-term drawdown

could let the swap

eat up any profits.
Happy trading!

Hi Jerry,

My demo account also took a big hit last Friday on the US dollar reversal. My three LMT trades where doing really well and then the GBPUSD exited at par, I lost about 124 pips on USDCHF and I exited my EURUSD trade at a gain of about 335 pips when the closing price dipped below the 10 day MA. It was a wild ride. According to the LMT trend

indicator

the US dollar is right on the verge of a trend

reversal but it is hard to tell because of the wild swings. Even so, I am not one in favour of the no-Friday-trade rule because sometimes you win and sometimes not.

Gobs of pips to you

Rick

**rsmereka** · 2009-06-10, 02:17 PM

I just removed LMT from my demo account. I don't like this manual system, especially the highly subjective signal interpretation. I'll be asking Clickbank for a refund on this system.

I also added my new Forex Derivative

EA to my demo account. I was doing a preliminary check on a demo account and this EA made more than a decent amount of money in the last two days so I have promoted it to the demo account on my VPS. Forex Derivative

runs on an M1 chart on the pairs: EURUSD, GBPUSD, USDCAD and AUDUSD. It is not a scalper and does not trade only in specicific hours. It goes after a medium number of pips per trade and keeps the lot size on the small side.

Rick

**rsmereka** · 2009-06-12, 11:48 AM

I just added vForce Like EA V2 to my VPS demo account. I have been running this EA for about a month and it has done very well so far.

Rick

**rsmereka** · 2009-06-12, 08:58 PM

I had a very profitable week with Forex Ambush and MegaDroid on my live account.

Week $944.31,16.38%,$188.86/day

MegaDroid had five trades for a profit of $48.81. Ambush had three trades for a profit of $895.50.

Rick

**jerrycollie** · 2009-06-13, 02:34 PM

Hi Rick,
You did well last week, nice going, congratulations!
Yes, Megadroid usually does well, but I had a couple of hard stops with it last month and had to cut back on its lot size because of a resulting lack of confidence.
Maestro traded furiously and had so many trades running that I had to shut my robot army down for 4 days waiting for the trades to clear up; because it exceeded my risk level. By Thursday I was able to restart my robots and Megadroid came through with a 10 pip win.
My plan for next week is to sic Maestro onto AUD/JPY and NZD/JPY with the trend

button set to Long only. These 2 pairs are in an up trend

as the banks and hedge

funds reinvest in the carry trade

to earn a higher interest rate

. I plan to keep a trade open about every 50 pips above these 2 pairs. That would be 7 trades above AUD/JPY and 3 trades above NZD/JPY, spread

out every 50 pips. If the price drops, I will fill in a trade every 50 pips; so that these pairs cannot move up without hitting at least one of my take profits. I will have a zero stop loss; so that I cannot be closed out by a stop gunning exersize. This is similar to the strategy I learned from running GT-Shadow. In fact I could use GT-Shadow; but I will have more control using Maestro and manually filling in the blanks. Of course if these pairs break their lower trend

line, I will bail out.
Good luck next week!

**rsmereka** · 2009-06-14, 11:47 AM

Quote:

Originally Posted by jerrycollie

Hi Rick,
You did well last week, nice going, congratulations!
Yes, Megadroid usually does well, but I had a couple of hard stops with it last month and had to cut back on its lot size because of a resulting lack of confidence.
Maestro traded furiously and had so many trades running that I had to shut my robot army down for 4 days waiting for the trades to clear up; because it exceeded my risk level. By Thursday I was able to restart my robots and Megadroid came through with a 10 pip win.
My plan for next week is to sic Maestro onto AUD/JPY and NZD/JPY with the trend

button set to Long only. These 2 pairs are in an up trend

as the banks and hedge

funds reinvest in the carry trade

to earn a higher interest rate

. I plan to keep a trade open about every 50 pips above these 2 pairs. That would be 7 trades above AUD/JPY and 3 trades above NZD/JPY, spread

out every 50 pips. If the price drops, I will fill in a trade every 50 pips; so that these pairs cannot move up without hitting at least one of my take profits. I will have a zero stop loss; so that I cannot be closed out by a stop gunning exersize. This is similar to the strategy I learned from running GT-Shadow. In fact I could use GT-Shadow; but I will have more control using Maestro and manually filling in the blanks. Of course if these pairs break their lower trend

line, I will bail out.
Good luck next week!

Keep in mind that I am running Megadroid at 3% risk so MegaDroid made only $48.82 of the $944.31 I profited last week. That is only 5.17% of the profit. The chance of hitting a hard stop with MegaDroid is too great.

Your Maestro plan sounds ambitious and I hope it turns out well for you. Let me know how you make out.

I stumbled across the 4xproject.com site a while ago. They have a very interesting forward test and back test of Maestro here. The equity curve of the tests are especially revealing.

Many pips to you,
Rick

gross77777 · 2009-06-14, 12:50 PM

Rick,

1.How long have you used Ambush ?

2.Have you had any losing trades with it ?

3.Do they send you signals at about the same time every day ?

Thank you

**rsmereka** · 2009-06-14, 03:00 PM

Quote:

Originally Posted by gross77777

Rick,

1.How long have you used Ambush ?

2.Have you had any losing trades with it ?

3.Do they send you signals at about the same time every day ?

Thank you

Most of the answers to your questions are contained in this thread but I'll repeat them again for you:

1. That depends. I bought Forex Ambush on April 30th and started using it on a demo account. My first live account Ambush trade was on May 4th.

2. I have had one losing trade which happened because the signal to close the trade arrived two and a half hours after the fact. Read post 87 and the week summary just after that for all the gory details.

3. They do not send the signals at the same time every day. The signals can happen at anytime. The most common signal times are (in order of frequency): 8:45-11:00am and 3:00-4:00am. Times are Eastern (GMT-4).

Even with the one loss, Ambush is very profitable. Now that my sixth week is complete, I have calculated a 6.52% average return per week. That is on my entire live account and MegaDroid is also part of it but it's contribution is very minor. Take a look at my live statement to get an idea. The EURUSD trades at 0.10-0.13 lots are MegaDroid.

Rick

**rsmereka** · 2009-06-15, 12:06 PM

I just added 1ka and Batchboy's MACD EA which they have called TripleHeaderMACD to my demo account. Attached is a back test strategy report from Dec 12, 2006 to Jun 12, 2009.

Like Batchboy, I have spent many hours back-testing this EA. Although back-testing is far from definitive, I think it is a reasonable indicator

.

The settings I have chosen are mostly optimized for profit. The DD is around 50% maximum but we will see what happens in forward testing. With these settings, the EA does not trade that often. There were only five trades in the 2.5 years of back-testing.

Rick