Made an error in previous post regarding entry position calculation, should be:
Short = open greater than previous middle * 1.002
Long = open less than previous middle *.998
Sorry about that
Middle analysis - Taking home the Pips
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- RicG
- rank: 150+ posts
- Posts: 274
- Joined: Tue Jul 24, 2007 11:44 pm
- Reputation: 8
- Location: Nashville, TN
- Gender:
pitboss,
Here are results for the first three days:
Sun 5-18 $2,685.00
Mon 5-19 $5,402.00
Tues 5-20 ($5,319.00)
Week Total $2,768.00
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF.
Sunday and Monday all four pairs were winners (8-0) and today all four pairs were losers (4-0).
I'll keep everybody posted on my papertrading.
Ric
Here are results for the first three days:
Sun 5-18 $2,685.00
Mon 5-19 $5,402.00
Tues 5-20 ($5,319.00)
Week Total $2,768.00
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF.
Sunday and Monday all four pairs were winners (8-0) and today all four pairs were losers (4-0).
I'll keep everybody posted on my papertrading.
Ric
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15558
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Current demo results:
Date 5/21/2008
# Prev Win 29
$ Prev Win 5229.77
# Prev Lose 26
# Prev Lose 3226.15
# Curr Win 3
$ Curr Win 578.23
# Curr Lose 1
$ Curr Lose 159.95
Avg Win 181.50
Avg Lose 125.41
Advantage 32.7%
Last of demo postings, I went live today with a small $5k account and will start posting those results.
Current Live Results:
Bankroll 5,000
Advantage 3.00%
Num to Buy 4
$ Risk Each 66
Total $ Risk 264
Est Wk Profit $240.05
,Price, Avg Pip Loss, Buy Lots
EUR, 1.5782, 0.0122, 0.5
GBP, 1.9715, 0.0123, 0.5
CHF, 1.0259, 0.0081, 0.8
JPY, 1.0307, 0.0075, 0.9
( 1=L 2=S )
,Position, Lots, Paid, Sold, Comm, Net
EUR, 2, 0.5, 1.57820, 1.57130, 0.79, 33.71
GBP, 2, 0.5, 1.97150, 1.98090, 0.99, -47.99
CHF, 1, 0.8, 1.02590, 1.03190, 0.80, 45.72
JPY, 1, 0.9, 1.03070, 1.03980, 0.90, 77.87
109.31
Date, 5/21/2008
# Prev Win 0
$ Prev Win 0
# Prev Lose 0
# Prev Lose 0
# Curr Win 3
$ Curr Win 157.3
# Curr Lose 1
$ Curr Lose 47.99
Avg Win 52.43
Avg Lose 47.99
Advantage 56.9%
Date 5/21/2008
# Prev Win 29
$ Prev Win 5229.77
# Prev Lose 26
# Prev Lose 3226.15
# Curr Win 3
$ Curr Win 578.23
# Curr Lose 1
$ Curr Lose 159.95
Avg Win 181.50
Avg Lose 125.41
Advantage 32.7%
Last of demo postings, I went live today with a small $5k account and will start posting those results.
Current Live Results:
Bankroll 5,000
Advantage 3.00%
Num to Buy 4
$ Risk Each 66
Total $ Risk 264
Est Wk Profit $240.05
,Price, Avg Pip Loss, Buy Lots
EUR, 1.5782, 0.0122, 0.5
GBP, 1.9715, 0.0123, 0.5
CHF, 1.0259, 0.0081, 0.8
JPY, 1.0307, 0.0075, 0.9
( 1=L 2=S )
,Position, Lots, Paid, Sold, Comm, Net
EUR, 2, 0.5, 1.57820, 1.57130, 0.79, 33.71
GBP, 2, 0.5, 1.97150, 1.98090, 0.99, -47.99
CHF, 1, 0.8, 1.02590, 1.03190, 0.80, 45.72
JPY, 1, 0.9, 1.03070, 1.03980, 0.90, 77.87
109.31
Date, 5/21/2008
# Prev Win 0
$ Prev Win 0
# Prev Lose 0
# Prev Lose 0
# Curr Win 3
$ Curr Win 157.3
# Curr Lose 1
$ Curr Lose 47.99
Avg Win 52.43
Avg Lose 47.99
Advantage 56.9%
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- RicG
- rank: 150+ posts
- Posts: 274
- Joined: Tue Jul 24, 2007 11:44 pm
- Reputation: 8
- Location: Nashville, TN
- Gender:
My updated results:
Sun 5-18 $2,685.00
Mon 5-19 $5,402.00
Tues 5-20 ($5,319.00)
Wed 5-21 $1,120.00
Thurs 5-22 $0.00
Fri 5-23 $0.00
Week Total $3,888.00
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF
Sun 5-18 $2,685.00
Mon 5-19 $5,402.00
Tues 5-20 ($5,319.00)
Wed 5-21 $1,120.00
Thurs 5-22 $0.00
Fri 5-23 $0.00
Week Total $3,888.00
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
This is an excel spreadsheet that I use make all the calculations for position sizing relative to bankroll and advantage. It's pretty self explanitory and easy to use. Your welcome to use it.
- Attachments
-
- forex_buy_position.xls
- Forex Position Size and Advantage
- (24 KiB) Downloaded 231 times
- RicG
- rank: 150+ posts
- Posts: 274
- Joined: Tue Jul 24, 2007 11:44 pm
- Reputation: 8
- Location: Nashville, TN
- Gender:
Here are the results of the first week of my paper trading pitboss's system. Obviously a very impressive week, but his longterm stats show this is not the norm:
Entry Date $Profit/Loss (Win Loss)
Sun 5-18 $2,685.00 ( 4 0)
Mon 5-19 $5,402.00 (4 0)
Tues 5-20 ($5,319.00) (0 4)
Wed 5-21 $1,120.00 (3 1)
Thurs 5-22 $1,790.00 (4 0)
Week Total $5,678.00 (15 5)
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF
Entry Date $Profit/Loss (Win Loss)
Sun 5-18 $2,685.00 ( 4 0)
Mon 5-19 $5,402.00 (4 0)
Tues 5-20 ($5,319.00) (0 4)
Wed 5-21 $1,120.00 (3 1)
Thurs 5-22 $1,790.00 (4 0)
Week Total $5,678.00 (15 5)
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF
- RicG
- rank: 150+ posts
- Posts: 274
- Joined: Tue Jul 24, 2007 11:44 pm
- Reputation: 8
- Location: Nashville, TN
- Gender:
Here are the results of the first week of my paper trading pitboss's system. Obviously a very impressive week, but his longterm stats show this is not the norm:
Entry Date $Profit/Loss (Win Loss)
Sun 5-18 $2,685.00 ( 4 0)
Mon 5-19 $5,402.00 (4 0)
Tues 5-20 ($5,319.00) (0 4)
Wed 5-21 $1,120.00 (3 1)
Thurs 5-22 $1,790.00 (4 0)
Week Total $5,678.00 (15 5)
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF
Entry Date $Profit/Loss (Win Loss)
Sun 5-18 $2,685.00 ( 4 0)
Mon 5-19 $5,402.00 (4 0)
Tues 5-20 ($5,319.00) (0 4)
Wed 5-21 $1,120.00 (3 1)
Thurs 5-22 $1,790.00 (4 0)
Week Total $5,678.00 (15 5)
Above represents 10 units for each of the following: USD/JPY, GBP/USD, EUR/USD, USD/CHF
Current live results:
Date 5/22/2008
# Prev Win . . . . 3
$ Prev Win . . . . 157.3
# Prev Lose . . . 1
$ Prev Lose . . . 47.99
# Curr Win . . . 1
$ Curr Win . . . 109.59
# Curr Lose . . 0
$ Curr Lose . . . 0
Avg Win . . . . . 66.72
Avg Lose . . . . 47.99
Advantage . . . 91.2%
South sea island, here I come
Date 5/22/2008
# Prev Win . . . . 3
$ Prev Win . . . . 157.3
# Prev Lose . . . 1
$ Prev Lose . . . 47.99
# Curr Win . . . 1
$ Curr Win . . . 109.59
# Curr Lose . . 0
$ Curr Lose . . . 0
Avg Win . . . . . 66.72
Avg Lose . . . . 47.99
Advantage . . . 91.2%
South sea island, here I come
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