Rsmereka Trading Journal

[pipdetector]

Phasing out GT with FXDD may be a problem if they start using FIFO rule. Though it seems that they seem to use different rules for MT4 trades and their backoffice system, otherwise it will require some attention to defuse this bomb...

Anyway, the time of real health proof of the RM/GT system has come... What doesn't kill you will make you stronger...

[rsmereka]

Originally Posted by pipdetector

Phasing out GT with FXDD may be a problem if they start using FIFO rule. Though it seems that they seem to use different rules for MT4 trades and their backoffice system, otherwise it will require some attention to defuse this bomb...

Anyway, the time of real health proof of the RM/GT system has come... What doesn't kill you will make you stronger...

Your right,

I forgot about the impact on your existing trades. Same thing happened here with Pipcop when IBFX went GIGO...I mean FIFO . I don't know how I would handle it if I were you. Probably manually.

I like your quote a lot. I have not heard that for quite some time. Thanks for sharing that, most appropriate, gem It took my mind off of my live account DD for about 50 seconds...just kidding.

Rick

[pipdetector]

Indeed I will have to take care of it manually, it would have been a bit easier if I did not tinker with the magic numbers. I detached most of the trades from the EA so that to set the TPs much higher than the default 40 pips. If the range holds... I will implement my little strategy. Then I will change most of the drawdown into profit, if the southern dam holds...

[rsmereka]

Originally Posted by pipdetector

Indeed I will have to take care of it manually, it would have been a bit easier if I did not tinker with the magic numbers. I detached most of the trades from the EA so that to set the TPs much higher than the default 40 pips. If the range holds... I will implement my little strategy. Then I will change most of the drawdown into profit, if the southern dam holds...

I did not realize that you are using that strategy of changing the magic number thereby detaching the trade. I did consider doing that but I was concerned about extra DD. The interesting thing is that as you rack-up negative swap , you can change the TP to compensate.

Since you changed the TP , instead of 40 pips, what did you set it to?

Rick

[pipdetector]

Indeed detaching the trades from EA seems a good way to play with all sort of "compensation" ideas.

I changed the trade TPs to some specific price like four consecutive AUD/NZD trades have the same TP at 1.2580, so one trade is supposed to make 80 pips, another 120, yet another 160 etc. When the pair starts moving south I will adjust the TPs so that to monetize the drawdown as much as possible (theoretically if you did not cash the positions at the upper boundary and kept all af the positions until the point of origin your profit should equal present drawdown .

The active EA trades are needed for taking quick profits close to the current price. This is fully automated you do not need to stay glued to the screen etc. There is the DD question, but this is the best time to implement the concept, because if the upper bound holds you will be much safer than playing with it too early.

BTW, my DD on FXDD is close to 50%... .

[pipdetector]

I am beginning to regret that I added USD/JPY to GT traded pairs. Yesterday, the bottom fell, I literally watched transfixed as the price broke 2 big numbers in ca 10 minutes! Compared to this AUD/NZD is like an oasis of peace.

[rsmereka]

my DD on FXDD is close to 50%

Is that the same account that has the USDJPY trades on it? My live account DD is currently at 43.03%.

When the pair starts moving south I will adjust the TPs so that to monetize the drawdown as much as possible (theoretically if you did not cash the positions at the upper boundary and kept all af the positions until the point of origin your profit should equal present drawdown .

Yes, minus the accumulated rollover fees (if the swap is negative as it is now with AUDNZD). I guess you can also adjust the TP to compensate for the rollover fees.

I don't plan to do anything. Just let it run and if I find something better, just close the two Robominer charts thereby disconnecting the trades from the EA. All the trades have TP 's so they will close by themselves.

Rick

[pipdetector]

Originally Posted by rsmereka

Is that the same account that has the USDJPY trades on it? My live account DD is currently at 43.03%.

I ride USDJPY on both my GT accounts, but FXCM was started later so yen related DD is smaller. I am not dead after yesterday's dramatic plunge and I feel much stronger...

[rsmereka]

I am not dead after yesterday's dramatic plunge and I feel much stronger...

That is very good to hear. I have not been keeping track of USDJPY since I traded it with Ambush. That pair is Ambush's favorite.

I am going to have a great end-of-week report today. so stay tuned.

Rick

[rsmereka]

I had a very good week with my live trading account. Monday, in particular, was a great day. Results:
Account performance, all EA's
total trades: 28
won: 28
lost: 0
net profit: $482.6
daily profit: $96.52
roi: 2.93%
pips: 503.2
Performance of EA Robominer AUDNZD
total trades: 3
won: 3
lost: 0
net profit: $78.07
daily profit: $15.61
roi: 0.47%
pips: 108.6
Performance of EA Robominer EURCHF
total trades: 2
won: 2
lost: 0
net profit: $80.06
daily profit: $16.01
roi: 0.49%
pips: 80.0
Performance of EA Robominer (both pairs)
total trades: 5
won: 5
lost: 0
net profit: $158.13
daily profit: $31.63
roi: 0.96%
pips: 188.6
Performance of EA MegaDroid
total trades: 1
won: 1
lost: 0
net profit: $14.72
daily profit: $2.94
roi: 0.09%
pips: 4.6
Performance of EA EB-Turbo (normal strategy)
total trades: 7
won: 7
lost: 0
net profit: $159.93
daily profit: $31.99
roi: 0.98%
pips: 160.0
Performance of EA EB-Turbo (turbo strategy)
total trades: 15
won: 15
lost: 0
net profit: $149.82
daily profit: $29.96
roi: 0.9%
pips: 150.0
Performance of EA EB-Turbo (both strategies)
total trades: 22
won: 22
lost: 0
net profit: $309.75
daily profit: $61.95
roi: 1.88%
pips: 310.0

It was a terrific week with my demo account. Results:
Account performance, all EA's
total trades: 27
won: 27
lost: 0
net profit: $2073.76
daily profit: $414.75
roi: 11.3%
pips: 448.1
Performance of EA Robominer AUDNZD
total trades: 2
won: 2
lost: 0
net profit: $49.13
daily profit: $9.83
roi: 0.26%
pips: 70.1
Performance of EA Robominer EURCHF
total trades: 2
won: 2
lost: 0
net profit: $79.89
daily profit: $15.98
roi: 0.44%
pips: 80.0
Performance of EA Robominer (both pairs)
total trades: 4
won: 4
lost: 0
net profit: $129.02
daily profit: $25.80
roi: 0.7%
pips: 150.1
Performance of EA EB-Turbo (normal strategy)
total trades: 6
won: 6
lost: 0
net profit: $678.15
daily profit: $135.63
roi: 3.6%
pips: 105.0
Performance of EA EB-Turbo (turbo strategy)
total trades: 17
won: 17
lost: 0
net profit: $1266.59
daily profit: $253.32
roi: 7.0%
pips: 193.0
Performance of EA EB-Turbo (both strategies)
total trades: 23
won: 23
lost: 0
net profit: $1944.74
daily profit: $388.95
roi: 10.6%
pips: 298.0
Performance of EA MegaDroid
total trades: 0

I am especially pleased with the performance of EB-Turbo. It has averaged 172.5 pips each week for the four weeks that I have been trading it on my live account.

Rick