Using percentages instead of pips

This is a discussion on Using percentages instead of pips within the Trading Software forums, part of the Commercial category; I've been looking around online for the past few days and just cannot find if its possible to use percentage ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 23, 2016, 9:01pm   #1
Joined May 2011
Using percentages instead of pips

I've been looking around online for the past few days and just cannot find if its possible to use percentage movements instead of pip movements on automated trading in MT4, I'm sure it must be possible but cannot for the life of me find the software add-on needed

Thanks in advance for any pointers
billnye5 is offline   Reply With Quote
Old Apr 24, 2016, 12:12am   #2
Joined Feb 2002
Sensible post. I've said here before, pips mean nothing in spreadbetting. Neither do any individual spreadbetting firm's idea of "points" - that's for their convenience, not the client's I'm sure.
tomorton is online now   Reply With Quote
Old Apr 24, 2016, 8:03am   #3
Joined May 2011
billnye5 started this thread Its just a strategy i came up with is profitable (albeit with some tweeking and some not working) on all ftse 100 shares using percentages not pips, I went through and individually set up backtested each alert before they shut the platform.
billnye5 is offline   Reply With Quote
Old Apr 24, 2016, 2:06pm   #4
Joined Apr 2016
Profitable in demo pips I am sure. But when real money is involved, they generally move 20% against your position. This is unsurvivable for curve fitters.
EnlightenedJoe is offline   Reply With Quote
Old Apr 24, 2016, 2:21pm   #5
Joined May 2011
billnye5 started this thread
Quote:
Originally Posted by EnlightenedJoe View Post
Profitable in demo pips I am sure. But when real money is involved, they generally move 20% against your position. This is unsurvivable for curve fitters.
used backtesting and wasn't curve fitting, it was mean reversion albeit with different parameters
billnye5 is offline   Reply With Quote
Old Apr 24, 2016, 2:28pm   #6
Joined Apr 2016
Back testing is curve fitting. The future market action is not determined by the past. It is determined by what profit is available for those who move the market. Moving the price by 20% against positions generally yields a profit for them. For smaller stocks, there is practically no limit on how far they will move the price to get a profit. Did you know they are trying to make a living ?
EnlightenedJoe is offline   Reply With Quote
Old Apr 24, 2016, 2:46pm   #7
Joined May 2011
billnye5 started this thread so all EAs are useless, and anybody trying to trade the market alone will get beaten up? only companies of size say larger then half a billion can profit from it?
billnye5 is offline   Reply With Quote
Old Apr 24, 2016, 2:57pm   #8
Joined Apr 2016
Not really, anyone who knows it moves like that can profit. As he should because he can predict the future.

A 500 million company using EAs will get wiped out same as the internet joes.
EnlightenedJoe is offline   Reply With Quote
Old Apr 24, 2016, 4:39pm   #9
Joined Feb 2002
All this is true - for short-term traders. If you're trying to make a profit in the next 20 minutes or the next hour you're going to find some very big tough opponents who will find it easy to eat you up. Another reason I never trade intra-day.
tomorton is online now   Reply With Quote
Thanks! The following members like this post: Solas0077
Old Apr 25, 2016, 3:08pm   #10
Joined May 2013
Intraday is suicide in most markets, especially fx. Reminds of this article, a must read.
Solas0077 is offline   Reply With Quote
Old Apr 25, 2016, 3:39pm   #11
Joined Apr 2016
Intraday is not suicidal. Wrong size is suicidal.

The typical internet joe is trying to make a living from their 500 dollars. So they bet the lot and lose the lot. If they bet $0.1 instead, no market can kill them.
EnlightenedJoe is offline   Reply With Quote
Old May 26, 2016, 10:47pm   #12
 
theforexgeek's Avatar
Joined Sep 2010
Great Article, thanks for the link. What most "average joe" traders are unaware of is the market sentiment and the order book, which could increase the edge despite the spread still being an obstacle for repeat short term trades especially when dealing with a "market maker" broker.
theforexgeek is offline Trading system vendor   Reply With Quote
Old Jul 9, 2016, 9:13pm   #13
Joined May 2011
billnye5 started this thread i've come up with a new theory depending on technical analysis mixed in with a bit of fundamental (TA followed by what the sector the stock is in is doing).
on the side i'll place long-term swing bets like the european debt crisis, it went up rather high but was bound to come all the way back once sorted, or oil recently, went down much too far and as oil consumption is forever increasing, was bound to recover somewhat)

giving it a go within the next 2 months
billnye5 is offline   Reply With Quote
Old Jul 18, 2016, 4:21pm   #14
Joined Sep 2013
I think on the peaks we now see on US stocks its wise to split a wager 20% for growth, 80% for correction
gerryg is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
indice stats and percentages CaesarMike Indices 1 Aug 13, 2015 2:35pm
Account percentages brewski1984 Psychology, Risk & Money Management 2 Jun 23, 2011 9:34am
Numbers/Percentages/Systems bangkoker Discretionary Trading 3 Jul 8, 2010 11:58pm
Anybody know the biggest percentages ever? metaron General Trading Chat 31 Apr 11, 2009 3:31pm
trading percentages kam_007 First Steps 2 Oct 8, 2007 9:54pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)