Independent Review of WallStreet1928

This is a discussion on Independent Review of WallStreet1928 within the General Trading Chat forums, part of the Reception category; Originally Posted by Shakone There was no new long dc2000, but Wallstreet may be holding a final par tof his ...

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Old Dec 1, 2011, 4:50pm   #345
 
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Re: Independent Review of WallStreet1928

Quote:
Originally Posted by Shakone View Post
There was no new long dc2000, but Wallstreet may be holding a final par tof his position all this time. I exit fully on the target given, because it at times is a bit unclear about how much to exit. Sometimes he seems to exit fully, other times two-thirds, other times I don't know how much he's exited. Safest thing for the review is for me to exit fully when he does.
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Old Dec 1, 2011, 9:36pm   #346
 
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Re: Independent Review of WallStreet1928

Final update for day 4. I'm clocking off now.

15:12 short nasdaq 2308, stop 2333, target 2293. I had 2308.5

15:24 short FTSE from 5530, stop 5565, target 5505. I had 5534

15:49 text stating WS is out, so I exited FTSE at 5519, for +15, exited nasdaq at 2300, for +8.5

claim is "+455 for the week, 45 points left for 500"

Summary for the week as follower

19 trades, 12 wins, +52.5 pips, 63% win probability

% gain for the week if risking 3% per trade

+2.11%
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Old Dec 1, 2011, 9:40pm   #347
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Re: Independent Review of WallStreet1928

MajorDutch started this thread Ok I have been doing some analysis into the facts and here they are. I have looked at all the trades called this week. I have had to make some assumptions these are:

Close prices taken from 1min candle on IG index during minute that text alert was given.
Trade marked invalid if either of SL, Target 1 missing.
Trade marked invalid if Target 1 is wrong side of entry.
Trade marked invalid if price is clearly a LONG way from entry level texted.
Trade marked open if price hasn't yet hit SL or Target 1.
I tested each trade letting it run until either SL or Target 1 is hit.
Spread have been ignored

end results 68% hit rate net +42.66 pips (THIS FIGURE HAS NOW BEEN AMENDED SEE LATER POST)

however the whole result was skewed but the AUDUSD trade which took a -227.8 pip loss by my calculation. The price on IG index was 13 pips lower when I received the text from WS1928. Also his Target 1 was 0.996 and his SL 1.02 which I am sure is a mistype and should be 1.002. WS1928 recorded the loss as -60 so none of the figures match. This trade skews the whole results.

My emails are time stamped via gmail. The texts are time stamped on my iphone however it looks like the iphone is grouping together some texts as the same time, you can see this from the figures.

I don't believe there is any sensible way to test these alerts with the 2/3rd initial last 1/3rd runner. This is because there is no consistency in the way it is applied sometimes it is mentioned, others time it isn't. I also don't believe it is possible to test these alerts with an averaging in method there are too many variables.

The results are good without the AUDUSD trade but this is inconclusive as the target and SL alerted seem very unlikely but I cant see where the -60 loss that WS1928 reported came from either.

In summary I think the only way that we can reach any conclusion is the following:

*WS1928 to give entry, SL, TP
*No averaging in
*No partial positions
*fixed % of SL & TP per trade

Happy to discuss any corrections with anyone.

I am currently in the Philippines so I am probably sleeping when you are awake.

Good night all. happy trading.

Spreadsheet attached.

major D
Attached Files
File Type: xlsx WS1928.xlsx (13.6 KB, 126 views)

Last edited by MajorDutch; Dec 2, 2011 at 12:28am. Reason: update
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Old Dec 1, 2011, 10:00pm   #348
 
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Re: Independent Review of WallStreet1928

Quote:
Originally Posted by MajorDutch View Post

however the whole result was skewed but the AUDUSD trade which took a -227.8 pip loss by my calculation. The price on IG index was 13 pips lower when I received the text from WS1928. Also his Target 1 was 0.996 and his SL 1.02 which I am sure is a mistype and should be 1.002. WS1928 recorded the loss as -60 so none of the figures match.

That's true, he did email 1.02, but I considered this just another typing mistake and gave him the benefit of the doubt that he meant 1.0020. Perhaps I should take off another 180 pips :P. But that would be harsh.
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Old Dec 2, 2011, 12:18am   #349
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Re: Independent Review of WallStreet1928

MajorDutch started this thread
Quote:
Originally Posted by Shakone View Post
That's true, he did email 1.02, but I considered this just another typing mistake and gave him the benefit of the doubt that he meant 1.0020. Perhaps I should take off another 180 pips :P. But that would be harsh.
Hi Shakone. I now understand why a loss was booked against the FTSE and the AUSUSD trade. It ws clearly -35 for the FTSE trade & -35 for the AUDUSD trade. This completely tallies with the SL being 1.002 and NOT 1.02 clearly this is a typo. He definitely has to have the benefit of the doubt on this one as it is totally reasonable for him to go for a 25 pip target on 35 pip SL. Having a SL of 215 pips and 25 pip target would have been totally out of character given all the other trades. i am going to amend my figures accordingly.

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Old Dec 2, 2011, 12:23am   #350
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Re: Independent Review of WallStreet1928

MajorDutch started this thread ok everyone I have attached the updated spreadsheet of this weeks trades. so we are at 68% win rate with a net pip total of +222.66 for the week. seems the old chap is not doing to badly on the assumptions I am making the biggest of which is running the trades until original SL or Target 1 is hit.

remember no spreads have been included, there have been 17 winning trades so even taking into account a typical spread he is still doing good imo.
Attached Files
File Type: xlsx WS1928.xlsx (13.6 KB, 145 views)
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Old Dec 2, 2011, 12:46am   #351
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Re: Independent Review of WallStreet1928

MajorDutch started this thread
Quote:
Originally Posted by Lord Flasheart View Post
clearly your ftse trade worked out very well,i did not check nasdaq, We can all call winning trades, keep doing it mate,it will be great for your business, just remember to count the pips correctly when they go wrong. Now apologise for the hospital and Im gone for good
Hi Flasheart

I have taken onboard your criticism of pip counting where partial profit taking (2/3) is made and last 1/3rd running plus other combinations. Please see my analysis of this weeks trades where I calculate he is +222 points for the week. It is valid to count the points here in this way as I am testing using a fixed amount of cash per point. WS1928 states in his alerts he typically uses 3% risk but is using a FIXED amount of cash per point. everything has been kept simple no averaging in simply running each trade to its SL or 1st target.

I just want you to know the facts as I believe this guy has something.

major D
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Old Dec 2, 2011, 12:46am   #352
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Re: Independent Review of WallStreet1928

"First they ignore you, then they laugh at you, then they fight you, then you win.”

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