Overnight Trading

This is a discussion on Overnight Trading within the Forex Net Trap forums, part of the Specialists' Corner category; Originally Posted by zcar Peter, yes, it still uses the original indicators, nothing has changed since I set it up, ...

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Old Dec 24, 2011, 9:54pm   #113
 
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Re: Overnight Trading

Quote:
Originally Posted by zcar View Post
Peter, yes, it still uses the original indicators, nothing has changed since I set it up, bar the markets doing flip flops back and forth!!! I havent traded any of them for the last two and a bit months due to other comittments for my cash. Once Christmas is out of the way and I see if I still have a job (under threat of redundancy again, second time in two years) then if the market is looking favourable and the cash is avaialble I will be back up on board.

RT, any questions feel free to fire them at me and I'll get back to you soon as I can.

Nick
Good Stuff, keep us posted, I'm in a similar position with cash, also made redundant x2 in 2 years, and now generally only demo trading in the morning, with rare actual live trades for real money. In fact this is my third job I'm in this year, luckilly recent change was of my choosing, and very much for the better.

May the markets be kinder in 2012, though somehow I doubt it! Merry Xmas.
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Old Dec 27, 2011, 9:21am   #114
 
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Re: Overnight Trading

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Originally Posted by zcar View Post
Its been a while since I posted so heres the latest as it stands at the end of the week. EURUSD and AUDUSD have been treading water over the last 2 months, EURCHF has lost ground but AUDEUR has been making nice gains.

Its nearly a year since I started montioring and trading this (bar two days) so heres a little summary for 12 months:

EURUSD + 1020 pips
AUDUSD 30 + 817 pips
AUDUSD 50 + 1470 pips
AUDEUR 30 + 1130 pips
AUDEUR 50 + 2188 pips
EURCHF 30 + 604 pips
EURCHF 50 + 754 pips

Clearly AUDEUR 50INT40 is way ahead of the rest.

I'll do another round up for the year end next week, if anyones interested?

Nick
Hi Nick,

To get an idea of how a system or method is performing you need to have winning % and losing % of trades taken, the average amount of trades taken each night and the average amount of pips won with each trade and the average amount of pips lost with each trade with that information you can work out a system or methods expectancy.

(winning %) X (avg. pips won on winning trades) MINUS (losing %) X (avg. pips lost on losing trades) equals EXPECTANCY
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Old Jan 1, 2012, 7:44pm   #115
Joined Mar 2004
Re: Overnight Trading

Can anyone kindly tell me what the "MMI" indicator is, and I can find it on IG (or anywhere else)? I've a feeling I'm going to kick myself when I'm told!
Thanks
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Old Jan 1, 2012, 7:52pm   #116
 
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Re: Overnight Trading

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Originally Posted by beaumont View Post
Can anyone kindly tell me what the "MMI" indicator is, and I can find it on IG (or anywhere else)? I've a feeling I'm going to kick myself when I'm told!
Thanks
Hi, It was developed by Antonio, one of the Forum Members, you would need to ask him for the details as to how this works (PM Him) as you won't find it on IG, but if you get the details from Antonio you would then be able to set this up on IG!

Cheers
Steve
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Old Jan 1, 2012, 10:02pm   #117
Joined Mar 2004
Re: Overnight Trading

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Originally Posted by fwloop View Post
Hi, It was developed by Antonio, one of the Forum Members, you would need to ask him for the details as to how this works (PM Him) as you won't find it on IG, but if you get the details from Antonio you would then be able to set this up on IG!

Cheers
Steve
OK thanks for that, I knew I had seen MMI somewhere, but could'nt quite place it. I'm kicking myself.
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Old Jan 4, 2012, 1:00pm   #118
Joined Apr 2008
Re: Overnight Trading

right, i'm going to start paper-trading this from next week along with Lindencourt which runs about the same time. i'll set my spreadsheet up this week
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Old Jan 7, 2012, 6:16pm   #119
Joined Jun 2011
Re: Overnight Trading

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Originally Posted by stevepatt View Post
Hi Nick,

To get an idea of how a system or method is performing you need to have winning % and losing % of trades taken, the average amount of trades taken each night and the average amount of pips won with each trade and the average amount of pips lost with each trade with that information you can work out a system or methods expectancy.

(winning %) X (avg. pips won on winning trades) MINUS (losing %) X (avg. pips lost on losing trades) equals EXPECTANCY
Better still, use my DKPI (you'll find it on this Forum), which tells you how long it would take to double your starting Bank, without compounding, risking 2% per trade.

Input to DKPI is Hit Rate, ave. Win/ave. Loss, Trading frequency (trades/month).

Regards,

Ken.
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Old Jan 10, 2012, 9:58pm   #120
Joined Jun 2010
Re: Overnight Trading

Quote:
Originally Posted by zcar View Post
Peter, yes, it still uses the original indicators, nothing has changed since I set it up, bar the markets doing flip flops back and forth!!! I havent traded any of them for the last two and a bit months due to other comittments for my cash. Once Christmas is out of the way and I see if I still have a job (under threat of redundancy again, second time in two years) then if the market is looking favourable and the cash is avaialble I will be back up on board.

RT, any questions feel free to fire them at me and I'll get back to you soon as I can.

Nick
Hi Nick,
I haven't really been following this, but have read through the thread. I get that this is an INT trade at 9pm, but not sure how you incorporate the MACD and SAR into your trade direction. Can you help explain a liitle more around what you are looking for?
Best, Dax
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