Simple System

trading strategies and money management discussion, code, results

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Patch
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Postby Patch » Thu Jul 09, 2009 4:52 am

Rowdy

I don't know what happened to your view. I've attached a scrolling screen shot via HyperSnap of what came up on my computer of the window. jb
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Carlos Trade Statement.gif
Carlos Trade Statement.gif (143.12 KiB) Viewed 595 times

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Postby csbueno » Thu Jul 09, 2009 1:43 pm

Hello Patch,

Sorry for the late response; seems that If I change the account on my computer, the statement doesnt refresh.

As I stated before, the demo trade on the gbpusd, did not comply with the rules, and the outcome was a hard hit, but I also took one in the chin with the nzdusd on my real account, thankfully Im still in profit for the month.


Carlos

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Postby john225 » Thu Jul 09, 2009 2:02 pm

csbueno what settings are you using for the e-regr indicator?

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Postby Patch » Thu Jul 09, 2009 2:07 pm

csbueno

you might want to consider trading very small lots as you learn all this new stuff. I've become very fond of mini lots for this reason.jb
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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Postby csbueno » Thu Jul 09, 2009 3:46 pm

Patch wrote:csbueno

you might want to consider trading very small lots as you learn all this new stuff. I've become very fond of mini lots for this reason.jb



Yes, on my real acct. I try to keep the risk to 2% max.

Thanks on the advise, the rule of thumb is not to be greedy. Its a marathon, not a speed race.


Regards

Carlos

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Postby csbueno » Thu Jul 09, 2009 9:46 pm

john225 wrote:csbueno what settings are you using for the e-regr indicator?



Hi:

This are my parameters

Degree= 1
kstd= 1.8
bars= 200
shift= 0

Carlos

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Postby rowdy » Sat Jul 11, 2009 10:27 pm

Carlos,
Thanks again for posting your simple system. I was examining your trades and I noticed that your SL and TP varied dramatically from trade to trade. Yes you did get 90% but I dont think it was because of the i-Regr and ZeroStochs cross. It was your ability to set a TP and SL based on some money management scheme. Please explain your money management method. Thanks again.
All I need is Supply and Demand

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Postby csbueno » Sat Jul 11, 2009 11:13 pm

rowdy wrote:Carlos,
Thanks again for posting your simple system. I was examining your trades and I noticed that your SL and TP varied dramatically from trade to trade. Yes you did get 90% but I dont think it was because of the i-Regr and ZeroStochs cross. It was your ability to set a TP and SL based on some money management scheme. Please explain your money management method. Thanks again.


Yes Money Management is very important, more important in fact than the system/method/indicators used on any trade.

The reason I use i-Regr and ZerolagStochs is based on that principle

I´ll explain:

The i-regr is , for me, a way to interpretate if the price has moved heavily into one direction. the more it moves, the more chances it has to retrace or reverse. Usually, the channels in h4 are from 200 to 400 pips in width, so, after that, a larger move in the same direction is very unlikely, max 200 pips to my experience, so thats the reason I set SL at 150 (sometimes 200 as you may have noticed) that way, I hardly get an Sl


If you have an account, for, let say, $ 100 ,000.00 a 200 pip loss will be $ 2,000. 00 ( 2% for the lots I use on my real acct.) . So risk is within my parameters.

Sometimes, I set a lower SL (as in pips), but I use slighly more lots,
Since the ZerolagStochs is a momentum indicator, It helps me to interpretate exactly that, momentum.


Hope I´ve explained myself.

regards

Carlos
Last edited by csbueno on Sun Jul 12, 2009 2:43 am, edited 4 times in total.

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Postby TheRumpledOne » Sat Jul 11, 2009 11:27 pm

Image

Price action.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby rowdy » Sun Jul 12, 2009 2:00 am

Thanks Carlos and TRO. You both have given me something more to think about.
All I need is Supply and Demand

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