Rsmereka Trading Journal

[willhuang]

Originally Posted by rsmereka

Getting First News,

Don't tell me you are going to trade the news If so, that is a hard game. I wouldn't touch it.

Getting the signal first is also not that important for an EA trader. The important part is being fast enough so that your order is filled in the current tick without the price changing. That is why you need fast execution and low latency.

Rick

hahha no no what i mean is basically first to get the signal, first to send in the order, and first to trade it.

[rsmereka]

It was a fairly quiet and losing week trading my live account. Results:

Account performance, all EA's
total trades: 3
won: 0
lost: 3
net profit: $-397.63
roi: -10.82%
pips: -48.0
Performance of EA MegaDroid
total trades: 0
Performance of EA The Channel Scalper
total trades: 3
won: 0
lost: 3
net profit: $-397.63
roi: -10.82%
pips: -48.0

It was a good week trading my demo account. Titan did a good job even though only one pair traded. Results:

Account performance, all EA's
total trades: 5
won: 4
lost: 1
net profit: $295.73
roi: 1.94%
pips: 7.9
Performance of EA Titan (EURCHF)
total trades: 5
won: 4
lost: 1
net profit: $295.73
roi: 1.94%
pips: 7.9
Performance of EA Titan (EURGBP)
total trades: 0
Performance of EA Titan (both pairs)
total trades: 5
won: 4
lost: 1
net profit: $295.73
roi: 1.94%
pips: 7.9

Rick

[rsmereka]

I added the EA Turtle Trading System 2 to my demo account. I got this EA as part of an ebook from Daniel Fernández Pinto who runs the blog site http://fxreviews.blogspot.com/. The eBook was $18.95 with the title Automated Trading in the Forex Market: A Trader's Guide to Success. This ebook is worthy of a discussion itself (but that is another story).

Along with the ebook came three EA's (source included ) and one of them was the Turtle Trading System 2.

Anyone who has read a decent amount of trading history knows about the Turtle Traders. If you don't or need a re-fresher, try:

Richard Dennis at Wikipedia (one of two men that started the whole thing off)
Turtle background information
Turtle Trading at Investopedia

The EA has been added using 1% risk.

The EA has a copyright of 2009, Metaquotes. I tried to hunt for the source online to determine the license but could not find anything. I am going to try and ask the ebook author about the license on this EA.

Turtle Trading is a long-term strategy on a EURUSD D1 chart which features:
-no scalping
-no wacko risk/reward ratios
-no weirdo time-frames
-no margin -sucking grid trading
-not sensitive to spread
-strong correlation between backtest and forward testing
-strategy has been around forever and still works great
-proven long-term track record
-trade micro-nano ($100 min)
-trade mini ($1000 min)
-trade full-size ($10K min)

It does have it's cons also:
-average of 1.5 trades a month
-very slow and gradual builder
-can spend years in DD or netural

Attached is a nine year backtest (Jun 18, 2001-June 18, 2010) with the same settings I am using on my demo account.

I have modified the EA already. It did not come with the ability to change the magic number and, by default, it only considered one decimal place when calculating the lot size. It now uses two decimal places on the lot size and has the ability to plug a custom magic number.

I am going to run a battery of backtests using the same start and stop dates, playing around with the entry and exit number of bars (days) and playing around with the risk to see how far I can push it before I blow up the account.

More later,
Rick

[pipdetector]

Here are some initial results of Pipstrider:

(Check trades with AUDCAD).

This is a joint demo account for MD/Pipstrider

https://www.myfxbook.com/portfolio/mdps-itfx/37611

I changed to aggresive strategy only two days ago.

[rsmereka]

Originally Posted by pipdetector

Here are some initial results of Pipstrider:

(Check trades with AUDCAD).

This is a joint demo account for MD/Pipstrider

https://www.myfxbook.com/portfolio/mdps-itfx/37611

I changed to aggresive strategy only two days ago.

Thanks for the update.

That MyFXBook URL is only good when you are logged on. You need to publish the public URL which is:
http://www.myfxbook.com/members/pipd...dps-itfx/37611.

The private URL starts with https (secure socket) and the public URL always starts with http://www.myfxbook.com/members/membername.

Strider looks good so far. I am surprised that it has not already started to hang onto some open orders.

Rick

[pipdetector]

Here is the public link to Strider/Megadroid joint account.

http://www.myfxbook.com/members/pipd...dps-itfx/37611

Here is the link for Maximizer/ProForexRobot later today. Shortly the account is 20% in plus...

http://www.myfxbook.com/members/pipd...fr-fxpro/37632

[rsmereka]

I have spent the last couple of days fine tuning the Turtle Trading System 2 backtests. It was worth it. The profit has increased by a factor of 3 although the number of trades has been more than cut in half and the DD has increased by 11%.

New backtest is attached. Demo EA is now running with the same settings.

Rick

[pipdetector]

Yes, this really looks impressive. Though one needs to really to be patient with such a system. Also, the biggest starting account the better. The only thing that the backtests do not seem to include is the swap charges -- in the trades that last for months this may amount to something, though if you are on the right side of the swap rate this can add to the profits considerably...

[pipdetector]

Originally Posted by rsmereka

Thanks for the update.

Strider looks good so far. I am surprised that it has not already started to hang onto some open orders.

It just needs a 40 pips+ retracement to close all open trades in one direction + the Martingale Disrupter makes the trades close earlier than typical martingale systems. I like it because it is purely mechanical (not technical - as it does not work on Technical Analysis ) system. There is risk that at some point there may occur a 320 pips price move without any 40+ price retracement -- then you go thru 8 levels of martingale position and crash... So it is important to skim profits as soon as possible and let it go freely only after your initial investment has been reclaimed.

[willhuang]

what do u guys mean by mechanical vs technical? i thought it was just fundemental and technical