pipdetector trading journal

[pipdetector]

Short summary:

1. Trading experience:
a) trading start 2007 - mostly swing and short term equities and futures
b) FX start 2008

2. Methods:
a) manual/discretionary trades - still learning (meaning do not break even)
b) expert trading: Megadroid (live), FAPT (live: right now on hold), GT-Shadow (live), Prospector (demo), EvolutionX mini (demo only)

3. Currencies traded:
AUD/NZD (GT-Shadow/Prospector)
EUR/CHF (GT-Shadow)
USD/JPY (GT-Shadow)
USD/CAD (manually basing on Prospector concept)

Favorite EA: GT-Shadow
Mostly due to the fact that I feel comfortable with its underlying principles (currency rates moving within defined bounds).

Short term goals: testing existing EAs and increasing/preserving core capital for trading with selected EAs.

[rsmereka]

What's Megatrader?

Rick

[pipdetector]

Megatrader is a synonym for Megadroid that you use when you think about big bucks

As now I got back to earth I corrected it to MD.

[rsmereka]

Originally Posted by pipdetector

Megatrader is a synonym for Megadroid that you use when you think about big bucks

As now I got back to earth I corrected it to MD.

No prob. I was curious. I thought you may be running a new or experimental EA.

Rick

[pipdetector]

I am comparing daily the brokers and I had mixed feelings. Although FXCM is supposed to be NDD broker this is a mixed blessing in case of GT -- the trades seem hardly ever get the execution price equal to TP . Also, taking into account the long (in scalping time scale) execution times it seems that using it with MD or FAPT would be risky.

FXDD -- although they charge sizable spread the TP are almost always met.

[rsmereka]

Lately, my live account has been suffering something similar where I have had two really bad closes (31.4 at 2009-10-07 19:18:00ET and 31.5 pips at 2009-10-12 03:33:00ET). This has brought down my average over 52 trades currently to 39.13 pips:

>select avg(pips(ticket)) as avgpips from closedtrade where magic like '51%'
database result:
row(1):Array ( [avgpips] => 39.1326923076923 )

>select datetime(closedatime, 'localtime') as close, pips(ticket) as pips from closedtrade where magic like '51%'
database result:
row(1):Array ( [close] => 2009-08-10 11:51:00 [pips] => 40.0 ) 
row(2):Array ( [close] => 2009-08-10 12:53:00 [pips] => 40.0 ) 
row(3):Array ( [close] => 2009-08-14 07:41:00 [pips] => 40.0 ) 
row(4):Array ( [close] => 2009-08-12 14:20:00 [pips] => 40.0 ) 
row(5):Array ( [close] => 2009-08-11 12:22:00 [pips] => 40.0 ) 
row(6):Array ( [close] => 2009-08-14 05:16:00 [pips] => 39.0 ) 
row(7):Array ( [close] => 2009-08-13 08:08:00 [pips] => 40.0 ) 
row(8):Array ( [close] => 2009-08-14 07:49:00 [pips] => 40.0 ) 
row(9):Array ( [close] => 2009-08-17 04:45:00 [pips] => 40.0 ) 
row(10):Array ( [close] => 2009-08-21 08:20:00 [pips] => 40.0 ) 
row(11):Array ( [close] => 2009-08-18 08:36:00 [pips] => 40.0 ) 
row(12):Array ( [close] => 2009-08-26 02:33:00 [pips] => 40.0 ) 
row(13):Array ( [close] => 2009-08-20 21:59:00 [pips] => 40.0 ) 
row(14):Array ( [close] => 2009-08-24 21:21:00 [pips] => 37.6 ) 
row(15):Array ( [close] => 2009-08-26 21:29:00 [pips] => 40.0 ) 
row(16):Array ( [close] => 2009-09-21 21:23:00 [pips] => 40.0 ) 
row(17):Array ( [close] => 2009-09-21 19:14:00 [pips] => 40.0 ) 
row(18):Array ( [close] => 2009-09-21 19:04:00 [pips] => 40.0 ) 
row(19):Array ( [close] => 2009-09-11 07:05:00 [pips] => 38.4 ) 
row(20):Array ( [close] => 2009-09-01 02:02:00 [pips] => 40.0 ) 
row(21):Array ( [close] => 2009-09-11 03:38:00 [pips] => 40.0 ) 
row(22):Array ( [close] => 2009-09-10 13:02:00 [pips] => 40.0 ) 
row(23):Array ( [close] => 2009-09-04 02:48:00 [pips] => 40.0 ) 
row(24):Array ( [close] => 2009-09-02 23:01:00 [pips] => 40.0 ) 
row(25):Array ( [close] => 2009-09-07 03:19:00 [pips] => 37.4 ) 
row(26):Array ( [close] => 2009-09-10 00:53:00 [pips] => 36.0 ) 
row(27):Array ( [close] => 2009-09-08 21:30:00 [pips] => 40.0 ) 
row(28):Array ( [close] => 2009-09-09 18:10:00 [pips] => 40.0 ) 
row(29):Array ( [close] => 2009-09-21 12:14:00 [pips] => 40.0 ) 
row(30):Array ( [close] => 2009-09-15 15:56:00 [pips] => 38.6 ) 
row(31):Array ( [close] => 2009-09-22 19:11:00 [pips] => 40.0 ) 
row(32):Array ( [close] => 2009-09-22 09:37:00 [pips] => 35.4 ) 
row(33):Array ( [close] => 2009-09-22 18:53:00 [pips] => 39.6 ) 
row(34):Array ( [close] => 2009-09-27 19:57:00 [pips] => 40.0 ) 
row(35):Array ( [close] => 2009-10-05 21:14:00 [pips] => 40.0 ) 
row(36):Array ( [close] => 2009-09-24 10:05:00 [pips] => 40.0 ) 
row(37):Array ( [close] => 2009-09-27 19:07:00 [pips] => 38.0 ) 
row(38):Array ( [close] => 2009-10-05 17:02:00 [pips] => 40.0 ) 
row(39):Array ( [close] => 2009-10-05 13:58:00 [pips] => 36.7 ) 
row(40):Array ( [close] => 2009-10-02 08:15:00 [pips] => 37.7 ) 
row(41):Array ( [close] => 2009-09-29 02:41:00 [pips] => 40.0 ) 
row(42):Array ( [close] => 2009-10-01 17:16:00 [pips] => 39.3 ) 
row(43):Array ( [close] => 2009-10-01 09:49:00 [pips] => 40.0 ) 
row(44):Array ( [close] => 2009-10-02 04:25:00 [pips] => 40.0 ) 
row(45):Array ( [close] => 2009-10-02 04:01:00 [pips] => 40.0 ) 
row(46):Array ( [close] => 2009-10-05 11:48:00 [pips] => 40.0 ) 
row(47):Array ( [close] => 2009-10-07 05:25:00 [pips] => 38.8 ) 
row(48):Array ( [close] => 2009-10-07 19:18:00 [pips] => 31.4 ) 
row(49):Array ( [close] => 2009-10-13 01:55:00 [pips] => 39.5 ) 
row(50):Array ( [close] => 2009-10-12 10:09:00 [pips] => 40.0 ) 
row(51):Array ( [close] => 2009-10-12 03:33:00 [pips] => 31.5 ) 
row(52):Array ( [close] => 2009-10-12 17:45:00 [pips] => 40.0 )

Putting it another way, 36 of the 52 trades trades closed bang on 40 pips

>select count() as cnt, pips(ticket) as pips from closedtrade where magic like '51%' and pips = 40.0
database result:
row(1):Array ( [cnt] => 36 [pips] => 40.0 )

For a total close accuracy of 69.23% which is ok I guess. I thought it would be better than that.

Can you come up with the average pip close and the accuracy in percent of your accounts?

Rick

[pipdetector]

I will run the check on my trades. Can you just let me know how you make the code run on MT4? I have left learning MT4 programming for later so far

[rsmereka]

Originally Posted by pipdetector

I will run the check on my trades. Can you just let me know how you make the code run on MT4? I have left learning MT4 programming for later so far

That is not MT4/MQL4 code. It is SQL code using my MT4Analysis Project. I am loading all of my live and demo trades into a database then using SQL, I can query and derive anything I want. It also makes my trading record impervious to broker statement rollovers where the broker will wipe your statement without any warning.

Rick

[pipdetector]

I see it looked suspiciously SQLese. Sounds like a good idea. I wonder why the MT4 programmers did not think about a simple way of exporting the reports to csv or any other plain text format.

[rsmereka]

Originally Posted by pipdetector

I see it looked suspiciously SQLese. Sounds like a good idea. I wonder why the MT4 programmers did not think about a simple way of exporting the reports to csv or any other plain text format.

MT4 only has the ability to save trading reports as HTML files. Your right, CSV, XLS etc export would be a good idea. For now, we need to parse the output HTML files in order to load a database.

I just checked on the proposed features of MT5 here and I see that one feature is Advanced built-in reports on all trading activities whatever that means. No specific details are given.

On another note, the public beta of MT5 started Tues Oct 13th as reported here. Anyone, apparently, can get a copy of MT5 and try it out. But unless you are an MQL coder or have an EA for MT5, you cannot run any EA built for MT4

Rick