Rsmereka Trading Journal - Page 46 - Pip Cop

**pipdetector** · 2010-06-24, 03:08 AM

You are right. The traders usually trade basing on fundamentals or technical analysis

, however some systems like grid systems do not really care neither for what the fundamental situation is nor what are the technical analysis

setups - they just walk along the price - an example of such system is Robominer/GT-Shadow. Pipstrider is also a similar system it always opens new positions and closes them when they reach TPs. When the price goes against sell position it opens subsequent positions in 40 pips distance increasing the trade size until one of the positions hits TP

then it closes all the positions. In the meantime it cashes on buy positions etc.

This may be quite risky because if the EA keeps selling increasing position sizes it may hit the margin call

and the whole account can crash. The other side of the coin is that when the system works it offers 100% or more profits a year.

**rsmereka** · 2010-06-24, 08:48 AM

I think Will was surprised at the third type (mechanical as you called it). I prefer to think of what you call mechanical as price-driven automated. I usually lump automated trading into one of two categories. Indicator

-based (like MegaDroid, FAP T etc) which relies on varies indicators and price-driven (all automated grid trading systems) which do not use indicators for it's primary logic.

Getting back to Strider, so if the price moves in a single direction without a retracement long enough, Strider will keep opening positions in the opposite direction Martingaling as it goes. Yuck..that's scary

What is the probability of the account blowing? Obviously, you must think it is very low.

Rick

**pipdetector** · 2010-06-24, 04:14 PM

Quote:

Originally Posted by rsmereka

Getting back to Strider, so if the price moves in a single direction without a retracement long enough, Strider will keep opening positions in the opposite direction Martingaling as it goes. Yuck..that's scary

What is the probability of the account blowing? Obviously, you must think it is very low.

When backtesting Pipstrider on AUDCAD with most aggresive presets from 2001 the EA has not crashed the account though there were 2 or 3 occurencies when 7 level martingale position was opened. I think that a good policy would be close the positions before major holidays (like Xmas or times when the liquidity

is the lowest, I have noticed that one of the most recent crash happened on Dec 21 2009 trades).

**pipdetector** · 2010-06-25, 06:51 AM

I just rechecked my backtests and the picture does not seem as rosy as I thought. It seems that the AUDCAD history that I got form Metaquote site starts from 2007. So the back test is much shorter than I assumed. The 320 moves happen from time to time -- they do not even look like black swans...

It seems that money management

is the key in Pipstrider especially when aggresive strategy is used. It is all described in Pipstrider docs. The crashes are part of the strategy -- the point

is to withdraw the money periodically, so that you always have enough money to feed the account when it happens.

willhuang · 2010-06-25, 11:09 AM

where can i find the pipstrider docs?

**rsmereka** · 2010-06-25, 11:40 AM

Quote:

Originally Posted by willhuang

where can i find the pipstrider docs?

Will,

You can get a free demo account copy of the EA from www.gtshadow.com. You'll need to sign up. The docs should be in the EA package that you get.

Rick

**rsmereka** · 2010-06-25, 11:45 AM

Quote:

Originally Posted by pipdetector

I just rechecked my backtests and the picture does not seem as rosy as I thought. It seems that the AUDCAD history that I got form Metaquote site starts from 2007. So the back test is much shorter than I assumed. The 320 moves happen from time to time -- they do not even look like black swans...

It seems that money management

is the key in Pipstrider especially when aggresive strategy is used. It is all described in Pipstrider docs. The crashes are part of the strategy -- the point

is to withdraw the money periodically, so that you always have enough money to feed the account when it happens.

Any way to fill in the time gap? It would be helpful if your data could go back 8-10 years.

Still sounds scary to me.

Rick

**rsmereka** · 2010-06-25, 06:51 PM

It was a good week trading my live account. Results:

Account performance, all EA's
total trades: 6
won: 6
lost: 0
net profit: $292.91
roi: 8.31%
pips: 30.8
Performance of EA MegaDroid
total trades: 2
won: 2
lost: 0
net profit: $171.75
roi: 4.82%
pips: 14.8
Performance of EA The Channel Scalper
total trades: 4
won: 4
lost: 0
net profit: $121.16
roi: 3.49%
pips: 16.0

It was a very good week trading my demo account. Titan (EURGBP) did very well. Results:

Account performance, all EA's
total trades: 11
won: 11
lost: 0
net profit: $2416.18
roi: 14.54%
pips: 27.1
Performance of EA Titan (EURCHF)
total trades: 0
Performance of EA Titan (EURGBP)
total trades: 11
won: 11
lost: 0
net profit: $2416.18
roi: 14.54%
pips: 27.1
Performance of EA Titan (both pairs)
total trades: 11
won: 11
lost: 0
net profit: $2416.18
roi: 14.54%
pips: 27.1
Performance of EA Turtle Trading System 2
total trades: 0

Rick

**rsmereka** · 2010-07-01, 08:43 AM

I have removed the Turtle Trading System 2 EA from my demo account so that I can put it on a dedicated demo account. I will be posting a new review thread on this EA today.

Rick

**rsmereka** · 2010-07-01, 09:11 AM

It was another good month trading my live account. MegaDroid was the star of this month. The Channel Scalper had one set (of three) trades with a large loss but was slightly profitable for the month. Results:

Account performance, all EA's
total trades: 25
won: 22
lost: 3
net profit: $715.42
roi: 21.33%
pips: 72.5
Performance of EA MegaDroid
total trades: 7
won: 7
lost: 0
net profit: $663.08
roi: 19.22%
pips: 60.5
Performance of EA The Channel Scalper
total trades: 18
won: 15
lost: 3
net profit: $52.34
roi: 2.11%
pips: 12.0

It was a rough and bad month trading my demo account. Heikenizer lost a lot before I removed it from this account and Titan had a huge EURGBP loss this week. Results:

Account performance, all EA's
total trades: 46
won: 31
lost: 14
net profit: $-3968.76
roi: -22.68%
pips: 66.9
Performance of EA Heikenizer
total trades: 6
won: 2
lost: 3
net profit: $-1668.62
roi: -10.21%
pips: -152.7
Performance of EA Caliber FX Pro (EURUSD)
total trades: 11
won: 5
lost: 6
net profit: $-322.11
roi: -1.51%
pips: -12.4
Performance of EA Caliber FX Pro (GBPUSD)
total trades: 3
won: 3
lost: 0
net profit: $880.41
roi: 5.47%
pips: 262.4
Performance of EA Caliber FX Pro (USDJPY)
total trades: 2
won: 1
lost: 1
net profit: $-87.31
roi: -0.61%
pips: -17.3
Performance of EA Caliber FX Pro (all pairs)
total trades: 16
won: 9
lost: 7
net profit: $470.99
roi: 3.35%
pips: 232.7
Performance of EA Titan (EURCHF)
total trades: 8
won: 7
lost: 1
net profit: $457.37
roi: 3.0%
pips: 12.2
Performance of EA Titan (EURGBP)
total trades: 16
won: 13
lost: 3
net profit: $-3228.5
roi: -18.82%
pips: -25.3
Performance of EA Titan (both pairs)
total trades: 24
won: 20
lost: 4
net profit: $-2771.13
roi: -15.82%
pips: -13.1

Rick