Thread: My way to highway

Originally Posted by ;

Hello, I've been following your thread for a short time. If I am not mistaken, you are using some kind of grid entries? In that case, do you mind to discuss how it works? Is that based on mended lot dimensions or it changes? Cheers.

Hi CrocodileRex,
without needing to hurt your feelings, I believe you arent following my thread too closely. . .else you would have most replies to your questions, if not all
let me copy this from article#1:
many things I researched seem to go against several things the gurus teach:
I use no SL most of the time, but plogical ones, that believe more the whole equity defense.
I use grids, to climb into trades. Fine, nothing fixed dimensions, but still a grid. On the other hand, aim for single entries where possible.
I may or may not utilize martingale when adding to a position ( yes, winners largely!) Although tend not to utilize full martingale.
I risk a predetermined percent of equity per transaction, that change from the setup, and my analysis of it.
I discount profit in pips, outcomes depended in $ $$! If the pips green, it's added and also to my feel good about any of this, but secondary at best.
I do scalp (also)
and most significantly maybe
I dont aim for maximum profits, happy to take part of a move. Re-enter or not later. My top priority is handle drawdown, and finally to have a monthly yield which is higher than drawdown.
Which also summarize it up.
No fixed monthly yield targets, simply to be more positive, and beat the bank's interest rate enough to compensate for the added risk involved.

So it's some kind of grid entries. Lot sizes can vary, or not. The space between entries can be varied, or not, but largely differ some.
Um, how it works: pretty simple, within the equity DD% limitation (I utilize -10 percent) I could do anything I wish, however I wish. It isnt that crazy as it sounds
of course, because I exchange past hobby, I cant completely disclose to you, why and what. Couple I had clarify more in dept, these fortunate winners of this mentoring...( and yes, so much all speak to me despite! )
there is a reason why this can be a journal, and not a 'trading system ribbon' entry. Sorry if I have to disappoint on that part.
But I believe in the event that you really, really read the thread, you'll have a very good idea what I do, why I do it, and if it could work or not.

happy trading!

Originally Posted by ;

quote Perhaps you have had any alloions from PSY ? I see there that you fulfill all 3 prerequisites: over 75 evaluation, over 9 months trading, and above 1000USD

Truly Axitrader purchased Psy, so, their 'incubation' appliion is just one and same...
And to reply yes, I am and has been part of this very first class of traders to possess a feasibility, (initially 5k), and that only progressed to the middle degree *. . .what they call here the accelerator stage. The minute that alloion stands at 32k. (there is this amount a 50k max, but my Axi live account is relative small, thus less than max).
If all progress smoothly, the next step will be in approx 2 months. . .will see
that ought to be the area where things get curious really, the remainder is required grinding. Consider the large picture!

* a link if you like to read: https://psyquation.com/blog/2018-foc...ers-axiselect/

Originally Posted by ;

quote consider the big image!

Alright that is great.... I believed I was becoming confused between AXI and FIXI

I enrolled with PSY really so one of my accounts is being followed there. Lets see what happens.

Continue the good job

Originally Posted by ;

quote hello, without even needing to hurt your feelings, I think you arent after my thread too tightly. . .else you'd have most replies to your questions already, or even all allow me to copy this from post#1: several things I learnt seem to go against several things the gurus teach: I use no SL the majority of the time, but plogical ones, who consider more the total equity protection. I utilize grids, to climb into trades. Fine, nothing fixed size, but still a grid. On the other hand, aim for single entrances where possible. I may or may not use...

Hello PF,

My apologies for this. I was only trying to pick your brain about the best way to implement your manner of grid trading. The way I see it, you're trading some type of reversal system (picking tops and bottoms) and I know it is completely fine for those who won't discuss your trading system in a public forum. For example, for the pound trades now, it is clearly a trending day now (after the fact) and you managed to sell it and profit profit. That really amazes me.

I would greatly appreciate if you'd point out a few pointers on where should I know more about grid trading. Are there any online resources you find helpful or directed you previously? I mean, the easiest way to know is from a successful trader, isnt that correct?

Cheers.

Originally Posted by ;

quote Hi PF, My apologies for that. I just tried to pick your mind about the best way to implement your manner of grid trading. How I see it, you're investing in some type of reversal system (selecting bottoms and tops) and I understand it is completely fine if you will not discuss your trading system in a public forum. For example, for the pound transactions now, it is obviously a trending day now (after the fact) and you somehow managed to market it and gain profit. That really amazes me. I would greatly appreciate if you'd point out a few pointers where if...

CR, just for you some pointers, lets make it a couple of. . .and I will be laconic a bit. They arent always in order of significance.

1. Grid, with a few edge
2. Capital security
3. Place size
4. Time in trade
5. Expectations

trials and mistakes.
I have any posts around the forum, although some I already whined about, but clearly one if really want can dig things up. . .someone just had, a lot of those. Interestingly they seem to deal with many of these points. Remember that without equity there's absolutely no way to place the transaction! ( and of course that there's always another one to shoot).
That stated:
it isn't, by any mean a sure fire win. I take losses, as in stops, I am far from 100% win rate ( not that I really care, or thing!)
successful? Traders like to still retain some of their edge, being that as little as how to put the ideal balance between items. . .especially if a person is looking to earn a living from the thing he's doing.

Originally Posted by ;

quote Hi PF, My apologies for that. I was only trying to pick your mind about how to execute your manner of grid. How I see it, you are trading some kind of reversal system (selecting tops and bottoms) and I know it is completely fine if you will not discuss your trading platform at a general forum. For instance, for the pound trades now, it is clearly a trending day now (after the fact) and you somehow managed to market it and profit profit. I am very astounded by that. I would greatly appreciate if you would point out some pointers on where should...

grid trading also called dollar cost averaging.

Say for instance you've got a profitable egy that deals only one position at one time. You're still able to increase your chance of profit by dividing your single position onto smaller ones (say for example 3 maximum open positions). This manner; you could enter the identical position at different price levels and different occasions.

That is one way of studying it.

today awakened, and believed since GU rise more, today it is even better an opportunity to scalp from the short side.
After all, yesterday I had such a fun day doing that, and nothing else.

boy, was i wrong?!

anyhow, this journal is for me (and the handful of readers) and outside to be dealing with real things. That comprise the good, but also the bad and the ugly.
Today I had a lot from the subsequent two, bad and ugly!



the chart doesnt show, the first attempt was supposed to fade high, and was here and there close BE, but then things quickly changed, breaking 1.43
I think the chart is relative clear, that I was going to create my stance, also was thinking it'll be where the tide change.
I was wrong. happens. To everybody, I added. Part of trading.
With drawdown unexpectedly piling, the enemy dividing thru my lines, need to have to switch the egy.
The end result to shut some reductions (tough luck that directly on the very top, but will need to restrain that drawback!!
Once the upward continuation failed, I might re-open some of those trade, of course, additionally contributed some better ordinary...I always mention there is another trade. Simply take this is example...
the closing was out a scaling, up to the BRN, that originally appear to offer support to the price.
Liquidated all that has been left, with a meager 0.31% gain on master. Not much for your problem really. Though on my 2x risk account, that bigger, had few added scalps in, therefore, total result is actually very pleasing (that is up 2.07%).



of course, hindsight indies that right after I surrounder at BRN, the price went dropping less than 30 more pips at the very next 1 second.
Not that often happens that the two get to decrease exposure at the very top 1 minute before the flip, and shut all with minimal profit 1 min before a mad drop...
well, now is such a special day!

will see what the large impact Eur and Cad news deliver, but honestly I might have had enough for now

happy trading!

Originally Posted by ;

today woke up, and believed since GU grow more, now it is even better an chance to scalp from the short side. After all, yesterday I had such a fun day doing so, and nothing else. Boy, was I anyhow, this journal is for me (along with the handful of subscribers) and outside to be dealing with real things. That comprise the great, but also the bad and the ugly. Now I had a lot from the later two, bad and ugly! image the chart doesnt series, the initial attempt was to fade , and was here and there near BE, but then things quickly...

I do not see any traces of the bad and the ugly on your TE up 0.3% for the day you clearly know what you are doing but for the majority of us who have not yet cracked the code the bad and the ugly can sometimes break us to the point of no return. I see why you urge low DD, once you're risking 0.5% or reduced on every transaction you simply don't care about different trades turning sour since it can happen with trading after all we are playing with probabilities. Since there's always another 10 or even 20 trades.

Originally Posted by ;

quote I don't see any traces of the bad and the ugly on your TE, up 0.3% to the day you obviously know what you're doing but for the majority of us who have not yet cracked the code that the bad and the ugly can sometimes break us into the point of no return. I understand why you urge reduced DD, once you're risking 0.5 percent or reduced on every trade you simply don't care about different transactions turning sour as it can happen with trading after all we are playing with probabilities. Because there's always the next 10 or 20 trades.

When DD was nearing -7%, that means I did misjudge things.
Preparing to take of part/all is only prudent, whenever there is a maximum equity loss for SL.
But you nailed the primary there, one where I visit my niche: maintain losses/drawdown little. . .the easiest way to to trade comparative small.
Cant post this attractiveness as reminder:



by having better average price ( after most of the first entry went at the conclusion 80 pips!) , I could put out in profit lot sooner (although slamming my head retrospect viewing the price retrace bellow there, lol).
By not committing my entire capital at once, but breaking up the trade to comparative small lots, intended I had the flexibility to readily close/reopen partial, as the M5 chart shows I did a few occasions).

In the long run, one have to be aware of their forte and weakness, and admit to it frankly.
Among my weakness that I dont like to be wrong, another, that I dont like losing days. The 2 kinda course.
I know that risking maybe around 10 percent is the number what both recoverable in relative short time, based on my previous statistic, and my tolerance level to avoid payback trading about it as well.
I know that 90% times this limitation will let me close a profitable day, and fulfill my need to not shed and 'be right'.
What statistic?



there is no sure recipe, but managed to recover from the dd each month so far. So these are the numbers working for me.
I'm also pleased with the way that it evolves with the profit typically.
Monthly:8.79 percent
Drawdown:7.86 percent

once I write about 'realistic expectations' I mean only to get a number from thin air what either you or the consensus others think it's possible.
I mean something, that you can work with, and familiar with.
If such as ready to run larger risk, for some reason, and also the numbers still positive, why not? Of course that doesnt mean a maximum DD of 50-90%, that isnt just functioning, really.
For instance, my 2x risk account trading the very same transactions generally, and occasionally maybe something few other...(equity SL maximum dd 20 percent)
Monthly:15.07 percent
Drawdown:13.57 percent

because it is, they still workable numbers. But maybe not ideal for a track record. Thus traded separately. My losses and gains larger, but overall they reveal exactly the same expectancy. It is viable, nevertheless with moderate risk, and very acceptable return.
This one runs because mid Sept, with only the one day at loss (-13.57 percent), and no other losses there because it sightly can differ from primary.

Once more, the important is to find something that is suitable for you, both your personality and your own expectations. Of course those walking on clouds will have little hope, but in casino there are also occasional winners.

PS. Into Piquant
your case, perhaps it isnt the best to try to tame DAX or Nikkei with comparative little equity, and no flexibility to actually size for the transactions. Maybe a disadvantage, perhaps not. However, if something functioning dont change it. It also use the manner that if something not functioning look to change it!
This really is a easy game to keep score, just have to check out the equity. Instantly lets you know if things functioning nicely or not.

Hi PF, enjoyable day. Have you seen NZDUSD immediately; spike 100 pips in one minute.