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Author Topic: DIY Frequent Trader  (Read 12857 times)

Offline Megabot

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Re: DIY Frequent Trader
« Reply #60 on: September 22, 2021, 07:08:45 AM »
This is madness

1) What you do has nothing to do with trading. It's gambling without knowing how much you can win or loose.
2) Add... add....add never worked, does not work and will never work.
3) You will loose your account and those who are silly enough to follow you will loose their accounts. But I am sure that you already know that.

Some people will never learn

Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #61 on: September 22, 2021, 07:33:17 AM »
... and perhaps some other people don't really try to understand.

Each to their own. I treat the forum as a way to share ideas, for whatever that is worth.

I am happy with my two thousand earned over the last couple of months or so with this approach; plus another two grand from following My Signal Forex. Two very different approaches - one auto, one manual. All without risking too much capital.


DIY ProTrader Signal Service https://www.diyforexskills.com/signal-service/

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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #62 on: September 22, 2021, 09:24:51 AM »
Trades are Controlled

There seems to be some misunderstanding as to how this strategy works - and that it is just a hope and pray approach opening ever more trades at will.

Nothing could be further from the truth. I have been at this for too long. During which time I have come to realise that no matter how good your entry conditions are, the markets don't respect that and hence we need to be just as rigorous, and flexible, about the exit conditions.

The image below presents a nice example from today. I have lost $45 on this set of EG Sell trades when one of the exit conditions was hit; so yes, trades are not just left till they (hopefully) close in profit.

At the same time, on a second chart where I run the EG Buy strategy, entry conditions had been met previously and so if the move continues we could end up recovering some of that loss from two successful Buy trades. Time will tell.

Hopefully that helps to explain things a bit more. Currently 10 pairs are being traded each with its separate Buy and Sell strategies; so twenty charts in all. Roughly 14 trades per day.


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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #63 on: September 23, 2021, 06:39:55 AM »
Link Now Shared

My signature now shows the link for what I should have called DIY Protrader2; the account that is being copied from the Master DIY ProTrader account. But once made public, myfxbook won't let me change the title. C'est la vie.

So this is the performance of the copied DIY ProTrader signal begun on 6 September and has 8 legacy trades currently at a loss of $160. The Master account was begun two months earlier and is one week away from having run for three months. It still has 26 legacy trades which I hope to close over the coming weeks - they have no affect on the signal copying; it's just that I would prefer them to close at BE. Current performance is as shown in image

Unless something traumatic happens before the month's end, this signal will become available for subscription at USD$5 per quarter for registration and 20% monthly performance fee above high water mark.

More details to come next week but the first three persons to PM me on this offer will have their performance fee waived for the first three months.
« Last Edit: September 23, 2021, 02:00:57 PM by diyforexskills »


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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #64 on: September 27, 2021, 02:39:55 AM »
Portfolio Management

Have performed the monthly re-optimisation of the 20 set files for the DIY ProTrader portfolio. Not large changes but BTs suggest improved performance as one would expect.

This action has resulted in the closure of the losing GBPCAD trades (ie we now have a tighter dynamic exit for this pair) and I also took the opportunity to close out the 7 remaining EURNZD legacy trades at close to BE. So about a $140 loss all up to start the week. And $12 profit in two closed trades at time of posting.

So now let's see what the final week in September brings us.


DIY ProTrader Signal Service https://www.diyforexskills.com/signal-service/

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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #65 on: September 29, 2021, 02:40:36 AM »
Portfolio Management

Have performed the monthly re-optimisation of the 20 set files for the DIY ProTrader portfolio. Not large changes but BTs suggest improved performance as one would expect.

This action has resulted in the closure of the losing GBPCAD trades (ie we now have a tighter dynamic exit for this pair) and I also took the opportunity to close out the 7 remaining EURNZD legacy trades at close to BE. So about a $140 loss all up to start the week. And $12 profit in two closed trades at time of posting.

So now let's see what the final week in September brings us.

Monday's losses have been recovered and the Master account is just $15 short a new all-time high as per image. Wednesdays have so far been the best days so we should achieve that new all-time high this week.

Now getting set to open this Signal for subscription in October following three months of successful operation. $2K minimum deposit at 400:1 leverage required, a quarterly (3 monthly) service fee of USD$5, and then a 20% pm performance fee above high watermark. Using the Signal Magician trade copying software operated by Odysseia Capital.

And still one spot left for the early bird, "first three month free of performance fees" offer. Pls PM me to get the subscription link if interested.


DIY ProTrader Signal Service https://www.diyforexskills.com/signal-service/

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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #66 on: October 01, 2021, 12:08:51 AM »
Three Months in Review

The image shows the performance of the Master account over its first three months. Happy with that. It includes two re-optimisations during that period and we have 20 legacy trades left (out of original 52) which are slowly being closed out at near BE.

In the copying account, as per myfxbook sig, I was testing two additional pairs, NZDCAD and AUDNZD, but these have proved unsuccessful, loss of $170, and I have now removed them.

So the portfolio will remain with 10 currency pairs and we look to be steadying out at some 50 to 60 open trades with open loss of anywhere between $200 and $500 on the $2K account trading at 0.01 lots at any one time. While closing around 13 trades per day and booking in profits at around 20% pm.


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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #67 on: October 06, 2021, 02:50:39 AM »
A Bit of Blood-Letting

Not a good start to October trading with several older trades being stopped out in loss.

Never nice to see but at least I can no longer be accused of running a portfolio without SLs, or in my case dynamic exit conditions.

We can argue of course over whether these trades should have been closed earlier, ie have tighter exit conditions, but these are the exit conditions that resulted from the most recent optimizations. What I do want to work on is to see whether we could have had more Sells for EURCAD during this last downtrend which ultimately led to the closure of the Buy trades. Buys and Sells are run as separate strategies. With EURGBP we had four winning Sells for the four losing Buys in the same period, so that was good although still a net loss of course.


DIY ProTrader Signal Service https://www.diyforexskills.com/signal-service/

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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #68 on: October 10, 2021, 04:04:24 AM »
Minor Setback

The Master account has just completed only its second losing week, out of 13 weeks in total - so not bad at all.

Now we want to see if we can reach a new all-time high by month's end - 3 weeks to go and we have been averaging 3.6% pw on the Master account, so statistically quite doable.

(The image shows the Master account performance; the sig shows the performance of a copied account which includes the losses suffered by two pairs that were being tested, and which have been removed.)


DIY ProTrader Signal Service https://www.diyforexskills.com/signal-service/

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Offline rsmereka

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Re: DIY Frequent Trader
« Reply #69 on: October 14, 2021, 05:22:58 PM »
DIYProTrader is doing well on my Live 3 account but I am concerned about two of the very first trades opened on Sep 30 and are still open. They are AUDUSD shorts and each one has racked up ~230.0 negative pips (as I write this). According to the strategy, how many negative pips will each need to accumulate before closing?

Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #70 on: October 14, 2021, 10:30:45 PM »
DIYProTrader is doing well on my Live 3 account but I am concerned about two of the very first trades opened on Sep 30 and are still open. They are AUDUSD shorts and each one has racked up ~230.0 negative pips (as I write this). According to the strategy, how many negative pips will each need to accumulate before closing?

That is in the hands of the market. There is no hard SL; but two SL exit conditions - one based on BB (H1) and one on Stochastics (Daily). I would have liked to see some AU Buys being triggered whilst the market dragged these Sell trades into loss. Will look at that and see if a third SL exit condition is warranted.
« Last Edit: October 14, 2021, 11:20:16 PM by diyforexskills »


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Offline rsmereka

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Re: DIY Frequent Trader
« Reply #71 on: October 15, 2021, 03:32:53 PM »
DIYProTrader is doing well on my Live 3 account but I am concerned about two of the very first trades opened on Sep 30 and are still open. They are AUDUSD shorts and each one has racked up ~230.0 negative pips (as I write this). According to the strategy, how many negative pips will each need to accumulate before closing?

That is in the hands of the market. There is no hard SL; but two SL exit conditions - one based on BB (H1) and one on Stochastics (Daily). I would have liked to see some AU Buys being triggered whilst the market dragged these Sell trades into loss. Will look at that and see if a third SL exit condition is warranted.
Ok,

Just wondering and making sure those trades did disconnect from the EA and become unmanaged (that is happened before).

Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #72 on: October 17, 2021, 07:12:39 AM »
OK, have re-optimised both AU Sells and Buys and also EG Buy which has had a bad run since late September.

The EUR pairs have been in steady decline over the past few weeks so will also be looking at EURCAD, EURAUD and EURNZD tomorrow now that we have some additional and different market conditions for optimisation and back-testing.


DIY ProTrader Signal Service https://www.diyforexskills.com/signal-service/

DIY DuoTrader Live
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Offline diyforexskills

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Re: DIY Frequent Trader
« Reply #73 on: October 22, 2021, 04:42:06 AM »
Downside protection

Have re-optimised some more pairs and am trying something very different with GBPNZD - which had a very large loss last week. Should have intervened earlier, but I didn't; and the dynamic exit conditions obviously did not work for that market move.

The idea is to enter reverse scale-ins when trade goes against you in a sustained way. So, eg, when a Buy reaches 100 pips in loss, enter a Sell trade. Of course we need protection for when we get whip-sawed and price goes back up. With the Autotrader we can set TP, SL, TS and MA crossover exit for the scale-ins, as well as Basket closure conditions.

So experimenting with all of that, the new set file for GBPNZD Buys yields results as shown in image for a BT. Have also done one for the GPPNZD Sells.

We will see how this goes before looking at this option for the other pairs.
« Last Edit: October 22, 2021, 04:43:43 AM by diyforexskills »


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Offline rsmereka

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Re: DIY Frequent Trader
« Reply #74 on: October 22, 2021, 02:44:16 PM »
A very good idea IMHO and a fairly common way of exiting without taking the full loss (and not starting to revenge trade;)

Looking at my DIY ProTrader, I have suffered > 100 loss with:

GBPNZD, AUDCAD, AUDUSD, EURAUD and EURGBP

 

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