Real market algo trading

Likhazar

Member
51 2
Hi,

My name is Bart. I build and use algos on FX markets.

Here I will publish:

  1. transactions that are carried out by my strategies
  2. weekly capital curve


Below first curve from last week.
1.png
 
Last edited:

Likhazar

Member
51 2
Our capital curve from last week (15.04 - 19.04)


2.png


Soon, I will describe our approach to trading and describe main principles of our strategies, so click "subscribe"

I also added to myfxbook one of our newly created strategies which is in a phase of incubation on real market.

 

NVP

Legendary member
36,585 1,856
can you define "clutter" ?....why not set the thread up not to accept any posts / responses ?
 

Likhazar

Member
51 2
can you define "clutter" ?....why not set the thread up not to accept any posts / responses ?
What I mean by "clutter" is do not ask offtopic questions. If someone want to ask any question about my algos then ask.
 

Likhazar

Member
51 2
I wish to share one of my trades from yesterday.

On EURJPY EA is currently looking for shorts and a failure of local bottoms.
In the picture below you can see that yesterday such a failure had place which gave opportunity to short sell and to flow with the momentum.
This trade was closed with 34 pips profit.

EURJPY.lmxM30 sell +34.png
 

Likhazar

Member
51 2
Hi,

Today I will briefly describe strategy which is connected to myfxbook.
As I said before this strategy is in phase of incubation.

It is trend following strategy which is based on failures of last tops/bottoms.

Other rules:

  1. All positions must be closed at the end of the session.
  2. Use Breakeven.
  3. No Take Profits.

Why such rules?
Let’s start one by one.

1. Why I close all positions at the end of the session?

Because:
  • Swap is additional cost.
  • Lower liquidity during night (higher probability for flash crash)
  • New day – new opportunities.

2. Why I use a Breakeven?
  • No sense in staying in the undecided market.
  • Low profit is better than low loss.

3. Why I don’t use Take Profits?
  • No one can predict if directional move takes 20 or 200 pips.
  • Black swans really exist.;)
  • “Cut losses and let profits run”.

Money management in this strategy for now is set as below:
  1. Max DD: 50%
  2. Max risk per trade: 3%

After I accept strategy, I change MM to lower values.
 

Likhazar

Member
51 2
Hi,

Today I will present two trades from yesterday.

EURAUD:
As you see below, the trend was UP and EURAUD made a false breakout of last resistance. This trade bring loss -30 pips.

EURAUD.lmxH1 .png


EURJPY:

On EURJPY we have a downtrend. Price break through last support and keep moving with the trend. Trade was closed at the end of our trading session with 60 pips profit.
EURJPY.lmxM30.png


Have a nice weekend:cool:
 

Likhazar

Member
51 2
"Trading is simple, but not easy". Just wait patiently for this one proper trend. But in practice, patience loses with greed. People want to earn fast, which is why they open many meaningless transactions.
DetailedStatement.gif
 
Last edited by a moderator:

Likhazar

Member
51 2
Another week passed, so it is time for capital curve of the week.
Friday move on GBPUSD paid for everything, so again

5.png


Below is capital curve for whole April:

april.png
 
Last edited by a moderator:

Likhazar

Member
51 2
After 7 profitable weeks finally came the lossy, luckily small;) Each series has its end. This is the basis of a statistical approach. Losing days, weeks or months is something normal. The long-term result counts, because
DetailedStatement.gif
 
Last edited by a moderator:

Likhazar

Member
51 2
So, as I said :cool:


Below some examples of yesterday's trades:

EURJPY
EURJPY.png


GBPJPY
GBPJPY.png


GBPUSD:(
GBPUSD.png


USDJPY
USDJPY.png
 
Last edited by a moderator:

Likhazar

Member
51 2
Some thougths about trading:

# 1 [EN] The worst thing you can do when choosing a given investment / investment project is to be unprepared.
Risk - the most important issue. We often forget about it at the very beginning and we remind you when it is too late. Remember, the more profits you expect, the more risk you have to take. There is no risk-free investment, no one knows what will happen in the future, and despite the best intentions, a given project may fail. So before investing your funds, answer the question: will you feel comfortable in a situation where you would lose them? If not - it means that the risk is too high, look for investments that are consistent with your character. Remember that in the world of investment only you are responsible for your finances for generated profits and losses, so you have to understand and accept the risk.
 
  • Like
Reactions: CertainWay

NVP

Legendary member
36,585 1,856
the secret is to never expect profits .....i teach traders to expect losses and prepare for them by minimising high risk trades and exiting swiftly .......

Expert defence eventually means profits will accrue ......I agree on the few trades funding a lot of the losing trades .....but you have to have a good exit strategy to let things run

what is your exit strategy L ?
 

Likhazar

Member
51 2
the secret is to never expect profits .....i teach traders to expect losses and prepare for them by minimising high risk trades and exiting swiftly .......

Expert defence eventually means profits will accrue ......I agree on the few trades funding a lot of the losing trades .....but you have to have a good exit strategy to let things run

what is your exit strategy L ?
I actually have 3 scenarios for every trade:
1. Stop Loss - when price quickly goes against me
2. Breakeven - when price slightly move in my favour but there is no more "fuel" to go further and is going back to entry point.
3. Close at the end of session.

What is most important:
NO Take profits - “Cut losses and let profits run”