Best Thread Live Cable Trading
trendie
Legendary member
- Messages
- 6,875
- Likes
- 1,433
my programming must be rubbish. ( particularly galling when I get paid to do this kind of thing )
I did an analysis of the cable morning trade, I consistently get a negative figure !!
in the -1,600 ball-park. ( peaked at atround -2,500 Aug / Sep, then got better )
you could argue:
a: the afternoon session could balance it out and make the profit
( but Kaffee has pointed out that hans reckons the morning trades are better than the afternoon ones )
b: that the euro isnt considered, and it may make the money.
( but euro / cable follow each other dont they ? )
I will have another go, after leaving it for a couple of days, in case my logic is rubbish, but on first pass, I would be worried.
( as Baruch says, the money management may be the achiles heel )
nonetheless, no reason not to manually trade it, monitor it for a few more weeks.
I did an analysis of the cable morning trade, I consistently get a negative figure !!
in the -1,600 ball-park. ( peaked at atround -2,500 Aug / Sep, then got better )
you could argue:
a: the afternoon session could balance it out and make the profit
( but Kaffee has pointed out that hans reckons the morning trades are better than the afternoon ones )
b: that the euro isnt considered, and it may make the money.
( but euro / cable follow each other dont they ? )
I will have another go, after leaving it for a couple of days, in case my logic is rubbish, but on first pass, I would be worried.
( as Baruch says, the money management may be the achiles heel )
nonetheless, no reason not to manually trade it, monitor it for a few more weeks.
Hans123 Update... it could have been a lot worse on Friday than it actually turned out:-
The results of 01/27:
EUR/USD:
short at 1.2186, stopped out by SL, result -33 pips
long at 1.2219, stopped out by SL, result -33 pips
short at 1.2221, stopped out by SL, result -50 pips
long at 1.2160, closed at 23.00 CET, result +66 pips
GBP/USD:
long at 1.7809, stopped out by SL, result -44 pips
short at 1.7765, stopped out by SL, result -44 pips
long at 1.7819, stopped out by moved SL, result 0 pips
short at 1.7750, closed at 23.00 CET, result +78 pips
Total for the day: -60 pips
Total for this month: +139 pips
Hans
The results of 01/27:
EUR/USD:
short at 1.2186, stopped out by SL, result -33 pips
long at 1.2219, stopped out by SL, result -33 pips
short at 1.2221, stopped out by SL, result -50 pips
long at 1.2160, closed at 23.00 CET, result +66 pips
GBP/USD:
long at 1.7809, stopped out by SL, result -44 pips
short at 1.7765, stopped out by SL, result -44 pips
long at 1.7819, stopped out by moved SL, result 0 pips
short at 1.7750, closed at 23.00 CET, result +78 pips
Total for the day: -60 pips
Total for this month: +139 pips
Hans
trendie said:
No it wasn't Hans, someone else on the thread had pointed it out. But he seems to have blanked it as a recommendation.
You're testing cable on it's own and sometimes EUR/USD saves the day.
Test it from October onwards... he's posted the results daily since then so we know what the forward test results are from that date. If you still get a negative figure then your logic and/or data is duff.
Baruch said:
The system is no better or worse than anything else.... but EVERYONE is ignoring the fact that it's not even a negative month for the system... and it has posted them before... only to go on and return monthly figures of +300, +400, +500 etc etc
EVERY system has drawdowns. As Rocky said to Apollo at the end of Rocky III.... "Just keep punching Apollo".
Kaffee said:
I actually like the system, but it's money management rules wouldnt suit me (as pointed out to me by Kaffee!). Im only looking for 30 pips per day, usually with a 20 pip stop, so the money management of this system doesnt fit. I think Ill stick to my tunnel.
Baruch said:Not a good morning for Big Ben...
Just to make sure I don't repeat myself for the umpteenth time..... tell me what the MAXIMUM is you could have achieved from Big Ben this morning if you caught the extreme. It was far from a bad morning if you did in fact trade it. ( I didn't)
