Rsmereka Trading Journal - Page 25 - Pip Cop

**pipdetector** · 2009-09-03, 03:12 PM

I agree that taking into account that you must trade 0.1 lots adding EUR/CHF to the equation multiplies the risk too much.

As to EURCHF in terms of range

, why not make a small exercise: drop the EA on a demo EURCHF chart and load the preset EURCHF settings that are provided with RM. All these data should be displayed in no time.

It seems much closer to the middle of the range

. Recently EUR/CHF is moving in "circles" -- hardly anything happens. For every 4 closed trades on AUD/NZD I get just one EUR/CHF trade. The good thing about it is that it has 0 rollover

rate

.

**rsmereka** · 2009-09-03, 04:42 PM

Quote:

Originally Posted by pipdetector

I agree that taking into account that you must trade 0.1 lots adding EUR/CHF to the equation multiplies the risk too much.

As to EURCHF in terms of range

, why not make a small exercise: drop the EA on a demo EURCHF chart and load the preset EURCHF settings that are provided with RM. All these data should be displayed in no time.

It seems much closer to the middle of the range

. Recently EUR/CHF is moving in "circles" -- hardly anything happens. For every 4 closed trades on AUD/NZD I get just one EUR/CHF trade. The good thing about it is that it has 0 rollover

rate

.

I agree that at my current balance, adding eurCHF at 0.10 lots would be suicide. I don't plan to add this pair for a while.

That's a good idea. Putting the EA on the chart just to see what the max range

and the current range

are. I just did that and the ranges are 1-64 with the current range

of 20.

I thought that AUDNZD was kind of inactive these days. By the sounds of it, the EURCHF is way more inactive.

Rick

**pipdetector** · 2009-09-04, 05:17 AM

It seems that NDD brokers have one "nice" feature -- your TP

trigger closing position, but as they throw the offer

on the market and do not guarantee the price of execution, the final price that I get is usually 2-3 or more pips lower than TP

. This is happening with the trades on real account with FXCM.

In the case of FXDD practically all TPs = price shown by the broker

.

The thin spread

that ECN and NDD brokers offer

does not help much because you can set RM to AllowForSpread which in effect means that the positions are closed when the price below the TP

+ spread

. So you know what you get when you use DD broker

, but you get "varied" results with ECN brokers. For some reason, the variation seems always to our disadvantage

**rsmereka** · 2009-09-04, 01:16 PM

Quote:

Originally Posted by pipdetector

It seems that NDD brokers have one "nice" feature -- your TP

trigger closing position, but as they throw the offer

on the market and do not guarantee the price of execution, the final price that I get is usually 2-3 or more pips lower than TP

. This is happening with the trades on real account with FXCM.

In the case of FXDD practically all TPs = price shown by the broker

.

The thin spread

that ECN and NDD brokers offer

does not help much because you can set RM to AllowForSpread which in effect means that the positions are closed when the price below the TP

+ spread

. So you know what you get when you use DD broker

, but you get "varied" results with ECN brokers. For some reason, the variation seems always to our disadvantage

I'll try and keep that in mind the next time I start thinking about getting a better spread

by going to an ECN broker

.

So far, I am happy with the fact that there is not much slippage

. I just checked and 18 trades so far with 16 bang on 40 pips, one at 39 and one bad at 37.6.

Those of us trading AUDNZD are making huge profits for the brokers based on the spread

and the lot size.

Rick

**pipdetector** · 2009-09-04, 05:31 PM

Quote:

Originally Posted by rsmereka

Those of us trading AUDNZD are making huge profits for the brokers based on the spread

and the lot size.

Right, that's why I think that RM should be regarded with favor by brokers (unlike scalpers). Yearly they can get ca 200 trades x 0,1 x 12 pips = your broker

is going to pocket = $2400... risking almost nothing. We need to sweat thru big drawdowns and they just collect their spread

each time the tiller rings. I just hope they do not get too greedy...

**rsmereka** · 2009-09-04, 06:08 PM

Quote:

Originally Posted by pipdetector

Right, that's why I think that RM should be regarded with favor by brokers (unlike scalpers). Yearly they can get ca 200 trades x 0,1 x 12 pips = your broker

is going to pocket = $2400... risking almost nothing. We need to sweat thru big drawdowns and they just collect their spread

each time the tiller rings. I just hope they do not get too greedy...

Right On

,

I agree 100%. As a matter of fact, I think your estimate of 12 pips per is low and I think that one mini average is too high but I could be wrong about both.

I think certain scalpers that trade exotic's like FAP Turbo should be treated way better than they are. All those people trading exotics at about 10 pips per...wow...that's a lot of coin.

Rick

**rsmereka** · 2009-09-04, 07:12 PM

Just three closed Robominer trades this week. No MegaDroid trades.

Week: $80.82, 0.92%, $16.16/day

In my demo account, Winalot continues to be on the losing side. My month trial is up next Thursday and baring a winning run, I will be dropping it from my demo account.

Rick

**rsmereka** · 2009-09-11, 09:43 PM

A good trading week with my live account. Seven closed Robominer trades and two MegaDroid trades:

Week $199.07, 2.24%, $39.81/day

My demo experiment with Winalot was not successful. My trial on this EA has expired. I will post the final numbers for the month once the final outstanding trade has closed. My next experiment with my demo account with be with the Oktat (aka PipZu) EA.

Rick

**pipdetector** · 2009-09-15, 02:29 AM

After two weeks of trading using NDD broker

(FXCM) and DD broker

(FXDD), I can say that:

1. FXCM:
a) the TP

triggers close, but actual closing price is usually a bit lower than TP

b) the number of closed trades is 12

2. FXDD:
a) the TP

is almost always the same as closing price
b) the number of closed trades is 9

Initially I was upset by the fact that FXCM was continually missing the TP

, but now I see there is a good side of ECN -- considerably higher number of trades. We'll see how it will pan out in long term perspective.

**rsmereka** · 2009-09-15, 09:56 AM

Quote:

Originally Posted by pipdetector

After two weeks of trading using NDD broker

(FXCM) and DD broker

(FXDD), I can say that:

1. FXCM:
a) the TP

triggers close, but actual closing price is usually a bit lower than TP

b) the number of closed trades is 12

2. FXDD:
a) the TP

is almost always the same as closing price
b) the number of closed trades is 9

Initially I was upset by the fact that FXCM was continually missing the TP

, but now I see there is a good side of ECN -- considerably higher number of trades. We'll see how it will pan out in long term perspective.

Thanks for the report,

I agree that it would be very interesting to see the average pip gain and the number of trades in the longer term.

Here are my Robominer stats to date:
Start date: Aug 10
Number of trades: 25

On another note, it's good to see your demo statement but where are the GT-Shadow trades?

Rick
Average: 39.536