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  1. #1

    GJscalper's tick + 1m + 5m Hack

    I have finally decided to keep a trade journal for everyone to see.

    My TPS method has been designed to do the following things.



    1) Recover the last losing position by at least 2x
    2) Never experience more than 3 straight losses


    By me being able to do that I will be able to reach my trading goal of 3% a day with ease. Follow along and ask as many questions as you like. I will post all the trades at the end of the tradign day, being that we can't link third party providers.

  2. #2
    [Only registered and activated users can see links. ]

    [Only registered and activated users can see links. ]

    Day 1

  3. #3

    Join Date
    Jan 2012
    Location
    Australia
    Posts
    614
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    Quote Originally Posted by GJscalper View Post
    [Only registered and activated users can see links. ]

    [Only registered and activated users can see links. ]

    Day 1
    GJ,
    I have looked into all your accounts that you shared on myfxbook. There is one area that stood out consistently between all the accounts which I considered inexplicable was that all the average losses were greater than gains but the dollar value impact was the opposite. The only explanation would be in position sizing variation. As none of those accounts provided detailed trades, I was unable to make a determination i.e. until now. In your latest post with screen shots on trades, it confirms my suspicion. I have taken your screen shot and added some comments to contrast the situation. On the same day on a same pair i.e.GBPJPY, the winning trade had a position sizing that was 100 times greater than the loosing trade. If the same position sizing was maintained for both trades, the loosing trade would had blown all of your profits and more. The question I have is what position sizing strategy that you have that seems to somehow able to consistently load on winners and seriously underweight on loosing trades?
    Brumby
    [Only registered and activated users can see links. ]

  4. #4
    Quote Originally Posted by Brumby View Post
    GJ,
    I have looked into all your accounts that you shared on myfxbook. There is one area that stood out consistently between all the accounts which I considered inexplicable was that all the average losses were greater than gains but the dollar value impact was the opposite. The only explanation would be in position sizing variation. As none of those accounts provided detailed trades, I was unable to make a determination i.e. until now. In your latest post with screen shots on trades, it confirms my suspicion. I have taken your screen shot and added some comments to contrast the situation. On the same day on a same pair i.e.GBPJPY, the winning trade had a position sizing that was 100 times greater than the loosing trade. If the same position sizing was maintained for both trades, the loosing trade would had blown all of your profits and more. The question I have is what position sizing strategy that you have that seems to somehow able to consistently load on winners and seriously underweight on loosing trades?
    Brumby
    [Only registered and activated users can see links. ]


    Clearly I am using "martingale money management" in order to seriously underweight the losses. However, simply reversing the orders and entering larger lot sizes isn't all that is done in order to get the results which you have pointed out. The over all "trick" to making this work would be a traders "expectancy" of how many consecutive losses he/she will encounter. I've traded long enough using the tick charts to know that the same exact formations which is revealed there, is revealed on the monthly tf. So what I decided to do about 4 months back is create a system which focuses on a fixed amount of "formations" and study all the variations of such. ie. Have you ever notice the three different forms of the "cup and handle" formation which can be seen. Primarily the "handle" portion. Well by studying the "variations" of formations, what I am able to do is enter positions PRIOR to the formations being "confirmed". So in the case of the cup and handle formation I would enter while the "RIGHTSIDE" of the cup is forming. which is long before the handle even develops.
    With that said, I have been able to create a system which doesn't have more than 3 straight losses. By creating a system as such, that allows me to use "martingale money management" effectively as you pointed out. The hardest part is to stay controlled and not add on to the positions which you have open. All the market to run to your SL and than reverse, or allow the market to run to your tp, close your order and recalculate the next formation. Below is the same setup which my EA reveals.

    [Only registered and activated users can see links. ]


    By looking at the picture above, you will notice the 0.0 and 100.00 fibs are marked by the levels called "order 2/3". The very first order of the sequence is marked by "ENTRY 1". Say my first order is a buy across the ENTRY 1. The stop loss would be a close at or below 135.574 on 1m in which I would close the buy, enter a sell for a lot size x times larger than the previous order. That would be order number 2 within the sequence. Say the price than reverses back to the buy side, which would then be a long once the price closes at or above 135.823 on 1m. I than close the short (order number 2) and enter back in to the long (order number 3) for x lot size larger than the previous. Should that one fail, I would then take the final order which would be a short at 135.574 and tp at 135.350

    So what you see is that everything is predetermined depending on the formation which is being traded. Of course I could lower my risk 10x by using the following money management.

    Order 1 = .1% of account

    Order 2 = .4% of account

    Order 3 = 1.6% of account

    Order 4 = 6.4% of account

  5. #5
    [Only registered and activated users can see links. ]

    [Only registered and activated users can see links. ][Only registered and activated users can see links. ]
    [Only registered and activated users can see links. ]

    This is what I am aiming for. I think it would be so important for me to have an excellent next 6 weeks as it would reveal a lot about martingale and my system.

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