ICC Forex System testing

This is a discussion on ICC Forex System testing within the Trading Journals forums, part of the Reception category; Morning Pip Report: £$ -17 -13 +40 €$ -6 -10 £₯ +11 -13 €₯ -27 -12 -9 +11 Ft -- ...

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Old Aug 10, 2010, 12:09pm   #436
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ -17 -13 +40
€$ -6 -10
£₯ +11 -13
€₯ -27 -12 -9 +11
Ft --

total: -45
More flatness this morning, but the system didn't cope as well as it did yesterday.
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Old Aug 11, 2010, 11:43am   #437
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ -17 +35
€$ -6 +11
£₯ -6 +33
€₯ +20

total: +70
Finally got some movement after the BoE report. Got out a bit early but after the last couple of days I think it's more likely to retrace than extend over the next 20 minutes.
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Old Aug 11, 2010, 12:22pm   #438
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread wrong there - following the exit rules would've been about the same on the two $ trades, but would've netted another 30 or 40 pips between the two ₯ trades
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Old Aug 12, 2010, 11:57am   #439
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ -21 +71
€$ -15 +100
£₯ -27 +60
€₯ +16

total: +184

Perfect example of the value of not exiting before the system tells you to, even in August. Some small profits will be lost, but the big moves will more than compensate for them.
More importantly, if big moves like this are missed out on through impatience, the whole system can be shortcircuited through losing trades mounting up and not being recouped.
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Old Aug 13, 2010, 1:07pm   #440
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ -5 -9 +16
€$ +22 +27
£₯ -20 +59
€₯ +24 +38

total: +152
(That's two days giving the lie to the "You can't trade in August" maxim.)
still finding it hard to not exit winners too early
also need a repeating 5min alarm to make sure I'm in place for entries instead of reading some journo sniping at Capello, for instance
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Old Aug 16, 2010, 12:56pm   #441
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ +7 -7
€$ -20 -12 -7
£₯ +35
€₯ -30

total: -34
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Old Aug 17, 2010, 12:13pm   #442
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ -9 +12
€$ +14 -19 -18 +5
£₯ +18
€₯ +16 +16

total: +35
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Old Aug 31, 2010, 12:17pm   #443
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ --
€$ +10 -10 +3
£₯ --
€₯ -3 +11 +26

total: +37
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Old Sep 1, 2010, 11:56am   #444
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ --
€$ +71
£₯ --
€₯ +25 -16 +16

total: +96
(Sticking with just the two € pairs for the moment so I can enter exactly when I need to rather than being distracted by four different pairs.)
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Old Sep 2, 2010, 3:29pm   #445
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ --
€$ -16 +14 +9
£₯ --
€₯ -9 +13

total: +11

(Moves stymied by ECB interest rate decision due at lunch.)
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Old Sep 3, 2010, 12:49pm   #446
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ --
€$ +1
£₯ --
€₯ +29

total: +30
NFP at lunch, so surprising to get a nice move. Probably down to better than expected YoY retail sales for Euro.
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Old Sep 6, 2010, 12:03pm   #447
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ +52 +19
€$ -9
£₯ +78(100 had I taken it)
€₯ -14 -8

total: +118

Nice & clear for sterling, but € refused to follow suit.
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Old Sep 7, 2010, 11:58am   #448
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread Morning Pip Report:
£$ -19
€$ +25 +3
£₯ -30 -13
€₯ +15 +2

total: -17
Despite yesterday, not convinced this is as applicable to sterling as it is to the €
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Old Oct 4, 2010, 5:57pm   #449
GMP
Joined Sep 2007
When is a Trend not a Trend?

GMP started this thread Deciding what qualifies as a trend in your particular intraday trading style is entirely subjective, but today's action in sterling was interesting.
At a casual glance, the £$ and £₯ charts look to be in a uptrend from midmorning onwards, but look a little closer and you see there was only one candle that shifted the price up to a new range during the morning. After that there was some bullishness during the first 90 minutes of US trading before it tailed off in the same sideways fashion in which it had spent most of the morning.
So if you were tweaking a system to take advantage of intraday FX trends, I'd say this is one to discount.

(For anyone wondering where my results went, I've shifted back to a spreadsheet as I find them easier to eyeball.)(And yes, it's still as up & down as ever!)
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Old Oct 22, 2010, 8:53am   #450
GMP
Joined Sep 2007
Re: ICC Forex System testing

GMP started this thread 10 mins 'til German IFO data - bank early gains or wait to see if they're increased?
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