1,000 % p a fx mercenary trading

This is mercenary trading using discretion .There is no system , no method , no E A , no hedging , its just poor me on demo.

I am in most trades for no more than an average of 5 minutes , some trades are 1 min trades.It is hit and run trading averaging about 250 trades a day .

This week 4 days trading resulted in 17 % return, tuesday was very light trading due to other commitments.This trading was done whilst having another full time occupation , and trades were placed during other job on part time basis , mainly from 6 a m to 18.00.

At present 6 major pairs traded usd /yen,euro/yen,euro/gbp ,gbp/yen,cable and euro/usd.Potential to hyper trading with additional pairs,indices and oil.


Today I had a margin call which exited some of my profitable trades, these closed out at a loss of 4500 instead of profit of 4500, if it hadn't happened profit would have been 17,000 or 38 % for the week .This is all testing my trading on demo using betting sequences .

Enjoy.

So what is your point? You are not sharing strategies or offering something that others may find informative or instructive. Are you just here to brag how your demo account is doing?

I could open a couple of demo accounts today. In one I could trade the FTSE 100 at GBP 100 per point going long and in the other account I could do the same but go short the FTSE the same amount. And then each day I could post the results of the account that was winning. It would look great, thousands of pounds profit per week. However it would be meaningless.

In the same way you posting the results of your winning days / weeks on demo and nothing else doesn't really contribute anything here.

Shanghai said:

So what is your point? You are not sharing strategies or offering something that others may find informative or instructive. Are you just here to brag how your demo account is doing?

I could open a couple of demo accounts today. In one I could trade the FTSE 100 at GBP 100 per point going long and in the other account I could do the same but go short the FTSE the same amount. And then each day I could post the results of the account that was winning. It would look great, thousands of pounds profit per week. However it would be meaningless.

In the same way you posting the results of your winning days / weeks on demo and nothing else doesn't really contribute anything here.

Click to expand...

Shanghai

I have shared all my strategies freely on many message boards.The point is it is not one strategy or method or system , it is not one set of money management rules .It is trading multiple strategies on the micro time frames.These strategies include breakouts, trends,counter trends , contrary approach, support and resistance , fading out false moves , really fighting strong trends with a betting sequence , MOMENTUM etc etc etc

I am going to test this on demo next week , just to shush out any problems and train the mind set.

Try the DBFX demo and have a go and practise , practise and practise until you get it right and are profitable every day and every week.There is nothing better way of getting there .Blow a few demo accounts, nothing wrong with it , it is not a waste of time.Only you can discover what works for you.

http://www.dbfx.com/forex-trading-platform/free-trial?CMP=SFS-70180000000JSh5AAG

I use 15 min charts which are set up on three different screens usd yen , euro usd ,cable and another for trading .I can read the other pairs from the above three charts.
Stops are 20 pips and double click trading is used on DBFX platform.Double click is set with stop of 20, target 60 and market orders.

Indicators custom stochastics on multi time frame with trendline break on 15 min

These strategies are used

predictive chart patterns

http://www.trade2win.com/boards/general-trading-chat/89566-predictive-chart-patterns-set-ups-4.html

http://www.trade2win.com/boards/gen...ive-chart-patterns-set-ups-5.html#post1114872

http://www.forexfactory.com/showthread.php?t=163012

This method is also used on a micro time frame

http://www.fxfisherman.com/forums/f...746-mqlpro-stoc-cci-vb-intraday-scalping.html

Betting sequence used

http://www.trade2win.com/boards/general-trading-chat/92924-betting-sequence-intra-day-trading.html

I will post some more next week after most of you have digested the above.

O D T

I will post some more next week after most of you have digested the above.

Click to expand...

I think you will find that very few people will take the time to "digest the above" as the majority of people here think you have very little credibilty as a trader.

And again you didn't answer my first question, what is the point of this thread?

Shanghai said:

I think you will find that very few people will take the time to "digest the above" as the majority of people here think you have very little credibilty as a trader.

And again you didn't answer my first question, what is the point of this thread?

Click to expand...

It is possible and highly likely , some traders can make 1,000 % a year .With compounding they can make 10,000 % per annum , by reinvesting profits.
Next week my lot size increase by 20% for compounding sake.Target after 1 month is to trade 200 % of starting capital = target 2,000 % in two months.

The whole world can scream and shout Wolf, the BIG WOLF is ready to get you.I think most traders on forums are amateurs and are clueless, except for a few good traders who rarely post.

What is the power of compounding your weekly profits?Compounding profits of 20% per week gives a return of 1,311,094 % after 1 year.

Check it out baby.You are all on a high, give us some of it to sniff.

Traders need to make only 10 pips a day to turn a simple $10,000 into $340,000 within 37 trading days .Simple power of compounding gives 3300 % in less than two months .

Trading is very simple ,we complicate things.

ODT

Perhaps I've got hold of the wrong end of the stick but I see that your demo account summary - copied below - includes no commissions. So is this a spread betting demo (when I'd wager it wouldn't look anything like that if it'd been for real) or just a "price" demo ignoring trading costs (which would be highly significant given the enormous number of trades)?

ACCOUNT SUMMARY

Beginning Balance 0.00
Comm Trading Commission 0.00
Rollover Rollover Fee 0.86
PnL Profit/Loss of Trade 8,557.44
Depos Deposit 50,000.00
Withd Withdrawal 0.00
Option Options Payout 0.00
Comm Options Commission 0.00
AdminFee Administrative Fee 0.00
MngFee Management Fee 0.00
PerfFee Performance Fee 0.00
Void Deposit Rollback 0.00
ASPComm ASP Commission 0.00
MargInterest Interest on Usable Margin 0.00
Ending Balance 58,558.30
Floating P/L 0.00
Equity 58,558.30
Necessary Margin 0.00
Usable Margin 58,558.30
Necessary Margin (Maintenance) 0.00
Usable Margin (Maintenance) 58,558.30

Similarly, your pretty compounding pictures are lovely in a theory text book, but if you can't get the necessary size on - which is ever increasing - without hitting a brick wall then it remains just a theory and a fantasy.

jon

you got a "margin call" on demo with a virtual 50,000? How does that *work*?

barjon said:

ODT

Perhaps I've got hold of the wrong end of the stick but I see that your demo account summary - copied below - includes no commissions. So is this a spread betting demo (when I'd wager it wouldn't look anything like that if it'd been for real) or just a "price" demo ignoring trading costs (which would be highly significant given the enormous number of trades)?

ACCOUNT SUMMARY

Beginning Balance 0.00
Comm Trading Commission 0.00
Rollover Rollover Fee 0.86
PnL Profit/Loss of Trade 8,557.44
Depos Deposit 50,000.00
Withd Withdrawal 0.00
Option Options Payout 0.00
Comm Options Commission 0.00
AdminFee Administrative Fee 0.00
MngFee Management Fee 0.00
PerfFee Performance Fee 0.00
Void Deposit Rollback 0.00
ASPComm ASP Commission 0.00
MargInterest Interest on Usable Margin 0.00
Ending Balance 58,558.30
Floating P/L 0.00
Equity 58,558.30
Necessary Margin 0.00
Usable Margin 58,558.30
Necessary Margin (Maintenance) 0.00
Usable Margin (Maintenance) 58,558.30

Similarly, your pretty compounding pictures are lovely in a theory text book, but if you can't get the necessary size on - which is ever increasing - without hitting a brick wall then it remains just a theory and a fantasy.

jon

Click to expand...

Jon

There is no commission on forex , liquidity is no problem in direct market except when trading very large lots in several billion.There is always a price in the majors, not necessarily the price trader wants to pay.It is a demo account from Deutsche bank.

There is a limit on compounding , but even at the end of first year lot sizes traded would only be 130m trade size per transaction , it is easily fillable.

I split my entries in upto to 5 separate transactions , so liquidity may not be a problem .It is feasible ,if traded during the day.

O D T

Black Swan said:

you got a "margin call" on demo with a virtual 50,000? How does that *work*?

Click to expand...

1 % margin and I had 5 lots of $1m requiring $50k , I had a few losses and a 5 pip adverse movement , which drove account size to 49,999 .Everything got closed out.The trade made a loss ,but if it hadn't been closed out , it would have actually made a profit of around $5k.

O D T

oildaytrader said:

1 % margin and I had 5 lots of $1m requiring $50k , I had a few losses and a 5 pip adverse movement , which drove account size to 49,999 .Everything got closed out.The trade made a loss ,but if it hadn't been closed out , it would have actually made a profit of around $5k.

O D T

Click to expand...

So, back in the real world you've have spunked $50K (more than most have set aside for life savings/or trade with) and then simply got back into the game....can you see a problem with that...ahem...strategy, or am I missing something? Are you saying you only lost that single trade in isolation and you were not $50k 'offside'?

oildaytrader said:

This week 4 days trading resulted in 17 % return, tuesday was very light trading due to other commitments.This trading was done whilst having another full time occupation , and trades were placed during other job on part time basis , mainly from 6 a m to 18.00.


Today I had a margin call which exited some of my profitable trades, these closed out at a loss of 4500 instead of profit of 4500, if it hadn't happened profit would have been 17,000 or 38 % for the week .This is all testing my trading on demo using betting sequences .

Enjoy.

Click to expand...

Um, this is just silly on several levels.

1. Your sample size of 4 days is of no significance whatever. May was a fairly good month for trading, but is in no way representative of all conditions over time.

(As I recall, when you backtest, your data goes from 2003-2007 and then stops.. you don't include 2008 and beyond.. this renders all of your analysis meaningless)

2. If you hadn't had the margin call, you would have made more money? Damn those margin calls, they should abolish them.

3. Are you close friends with medbs by any chance?

oildaytrader said:

What is the power of compounding your weekly profits?Compounding profits of 20% per week gives a return of 1,311,094 % after 1 year.

Check it out baby.You are all on a high, give us some of it to sniff.

Click to expand...

You are indeed sniffing something.

Whilst I don't doubt that you trade through mechanical systems, I don't ever recall seeing you mention DRAWDOWN. You are aware of this word, right?

Sure, if I make 10 pct on a given day and then extrapolate, wow I'll be richer than Bill Gates in ten years time. But somewhere along the way, you'll experience drawdown.

What is your system's annual return divided by maximum expected drawdown?

If, for example, your system returns 200 pct a year (or whatever) but occasionally suffers 75 pct drawdowns, I would argue you would abandon the system LONG before you got to -75 pct. This is why your analysis is fundamentally flawed (along with the fact you have no data after 2008).

Black Swan said:

So, back in the real world you've have spunked $50K (more than most have set aside for life savings/or trade with) and then simply got back into the game....can you see a problem with that...ahem...strategy, or am I missing something? Are you saying you only lost that single trade in isolation and you were not $50k 'offside'?

Click to expand...

Every trade has a stop loss of 20 pips , done automatically on double click set up .I posted this earlier.

Read the equity figures on the statement posted.Read further below on statement posted.It went down to 42k from 57 k mainly due to margin call, i . e the worst draw down.

Every trade entry and exit is posted.

meanreversion said:

You are indeed sniffing something.

Whilst I don't doubt that you trade through mechanical systems, I don't ever recall seeing you mention DRAWDOWN. You are aware of this word, right?

Sure, if I make 10 pct on a given day and then extrapolate, wow I'll be richer than Bill Gates in ten years time. But somewhere along the way, you'll experience drawdown.

What is your system's annual return divided by maximum expected drawdown?

If, for example, your system returns 200 pct a year (or whatever) but occasionally suffers 75 pct drawdowns, I would argue you would abandon the system LONG before you got to -75 pct. This is why your analysis is fundamentally flawed (along with the fact you have no data after 2008).

Click to expand...

Net returns daily after losses and drawdowns.This type of trading has had four consecutive winning days, I see no reason for anything other than profits every day.

O D T

meanreversion said:

You are indeed sniffing something.

Whilst I don't doubt that you trade through mechanical systems, I don't ever recall seeing you mention DRAWDOWN. You are aware of this word, right?

Sure, if I make 10 pct on a given day and then extrapolate, wow I'll be richer than Bill Gates in ten years time. But somewhere along the way, you'll experience drawdown.

What is your system's annual return divided by maximum expected drawdown?

If, for example, your system returns 200 pct a year (or whatever) but occasionally suffers 75 pct drawdowns, I would argue you would abandon the system LONG before you got to -75 pct. This is why your analysis is fundamentally flawed (along with the fact you have no data after 2008).

Click to expand...

I really don't expect to have a drawdown in live accounts of more than 10 % , that will happen only on an intraday basis.

There is no system, I expect to make 5,000 % a year without any hard work and drawdown will be 10 % of 5,000%.

I did manage to get some data and am now testing 2008 to 2010.There will be some changes to program to deal with difficult market conditions like a financial crisis or uncertain markets.

Trade intra day like a mercenary guerrilla. We must fight on the winning side and be willing to change sides every second and readily when one side has gained the upper hand.Trade from second to second ,changing sides faster than the market .

oildaytrader said:

Every trade has a stop loss of 20 pips , done automatically on double click set up .I posted this earlier.

Read the equity figures on the statement posted.Read further below on statement posted.It went down to 42k from 57 k mainly due to margin call, i . e the worst draw down.

Every trade entry and exit is posted.

Click to expand...

tbh I cba reading it, at its worst how much of the 50K notional margin did you risk?

6,000 plus the 5,000 of margin close out.On a live account I would probably risk no more than 5,000 and trade single lots .At 20 pips * $10 pp= $200 per trade , if opportunities are really good I would trade 5 lots and risk $1,000 or 2%.

I had 70 % winning trades ,therefore 1 in 3 losers on average.I expect max 10 consecutive losers.

I am still getting used to handling my weaknesses.