Thread: Is 6 pips a day enough for you?

I am aware that it is for me. . .see two attached spreadsheets, both are the same sheet, the initial assumes an account size of $50,000 to start and another assumes an account size of $500 to start, just a thing to play .
https://forexintuitive.com/attachmen...9380262996.xls
https://forexintuitive.com/attachmen...1250173156.xls

Originally Posted by ;

Anyone attain over the million mark?

Well,
I started out of 400E so 1 million is a long way. On the flip side, I've gone through two important levels for me (5,000 and 10,000). My mm plan have changed marginally. I've resolved to withdraw 1,000 every 2,000E profit. This will provide me some pleasure and also keep me lot sizes so I can become accustomed to the growing quantity of money which greater lot sizes correspond to. Additionally, when I get above 30,000E I will stop increasing lot sizes and trade 30-40 pips with 4-5 lots which will give approximately something close to 1,000E per day (plenty for my lifestyle). So 1,000,000 takes quite a while for me...

Originally Posted by ;

Well,
I started out of 400E so 1 million is a very long way. On the other hand, I have gone through two important amounts for me (5,000 and 10,000). I have changed my mm strategy marginally. I have resolved to withdraw 1,000 each 2,000E profit. This may give me a satisfaction and also keep me lower lot dimensions longer so that I can get used to the amount of cash that higher lot dimensions correspond to. Additionally, when I get above 30,000E I shall stop raising lot sizes and trade 30-40 pips with 4-5 lots which will give roughly something close...

That's great, seems like a great strategy?

Which pairs do you trade?

Originally Posted by ;

That is great, sounds like a great strategy?

Which pairs do you trade?

See CHOROS ribbon (I trade only GU).

Originally Posted by ;

for me 1 tick may be the difference in making or breaking a pattern.

Many trades struck within 1 pip of my exit/stop reduction and turn to head in my favor to get a triumph

no doubt

Hi!

I have been manually backtesting a method that I have developed within the last few decades.

To tell the truth, I have been trying to trade on and off for the last 7 decades but have not been profitable.

My most recent method appears to be working fine.

I have attached my backtesting results in this arrangement:
Date--no. Of Pips Won/Lost

The date represents the day the transaction was initiated and not when profit was booked.

I really don't know much about metatrader etc, so I am manually backtesting and it's taking a lot of time. 2010 is complete however I am still testing 2009.

Can one of you experts please go through the results and see whether this method is of any worth?

I am not very good at maths so some guie will be highly appreciated.

I'll be very grateful if you could also tell me exactly what the impact of compounding might be in this egy.

Thanks!
https://forexintuitive.com/attachmen...7118470570.xls

6 pips including disperse? What is your max loss.

Originally Posted by ;

Hi!

I have been manually backtesting a method that I have developed within the past couple of years.

To be honest, I have been attempting to trade off and on for the past 7 years but have yet to be profitable.

My most recent method appears to be working ok.

I have attached my backtesting results in this format:
Date--No. Of Pips Won/Lost

The date signifies the day the trade was initiated and not when profit was booked.

I really don't know a lot about metatrader etc, so I am manually backtesting and it is taking a lot of time. 2010 is complete however I am still...

how did you back test this? The results posted aren't in usually format out of backtesting.

Hi,

like I said earlier, I manually backtested it.

Kept scrolling and noting down the transactions in the excel document.

It is based on 4 Hour charts.

Edit: I have completed backtesting for 2009 as well. Attaching.

To Summarize all transactions from 1st Jan 2009 into 14th October 2010:
Win% = 75.22
Avg Win = 58.6 Pips
Avg reduction = 86 Pips
Avg Trades/Month = 15

Everything I need to know is whether these outcomes are good enough to keep on backtesting or if I be looking at ways to alter the method in order to reduce my losing transactions or avg loss each trade.

Any suggestions would be much appreciated.
https://forexintuitive.com/attachmen...1630514305.xls

Originally Posted by ;

Hi,

as I said earlier, I manually backtested it.

Kept scrolling and noting down the transactions in the excel file.

It's based on 4 Hour charts.

Edit: I've completed backtesting for 2009 too. Attaching the glow that is updated.

To Summarize all transactions from 1st Jan 2009 to 14th October 2010:
Win% = 75.22
Avg Win = 58.6 Pips
Avg Loss = 86 Pips
Avg Trades/Month = 15

What I want to know is whether these results are good enough to continue backtesting or should I be considering ways to alter the procedure in order to reduce my losing transactions or avg loss...

I know that your manual back test might not show the real results. Better is automate the machine and let it operate in backtesting. Match with your results that are manual.

Should you let me know the system, I may code it to you.

P.M me.