mark120169
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I think its a variation of NT - Instant Net Trap - where you dive straight in at market.
As I'm typing Trappers are probably working on -
SKINT
:whistling
:-0
M
I think its a variation of NT - Instant Net Trap - where you dive straight in at market.
As I'm typing Trappers are probably working on -
SKINT
:whistling
Nope. You need to put you naming cap on again Goldfinger. MINT is Peter's tag for Denmans accidential MNT variation.
Denman last week entered a MNT (10 limit) trade at the market and banked very quickly rather than using the NT entry system, hence Peterf1966 named it MINT (Mini Instant Net Trap) once we had figured out what Denman did to bank so quickly.
M
Since you are risking 4% of your bank with TNT, with a potential loss of 60 points a day, you could run a dual INT system with the same 60 points risk every day, except that you would have made +474 points in the last 26 trading days.
Ah yes I remember now! You're right that's different from what I am suggesting, which is to run MNT plus INT as 2 separate trades on the same day.
Maybe I should just call it INT+MNT.
Will be interesting to run the results at the end of June to see which combination of NT variants gains the most profit.
This is vanilla MNT with the standard 30 stop just for June. Unfortunately the two sell orders that stopped out in June have given vanilla MNT a -90 loss run offsetting the +110 pips wins to only +20 including today.
However, going back to when I started recording all data to the 17/5/10 the vanilla MNT is sitting @ + 59 pips.
But I still think it is now good practice to use at least a 33 sell stop (33S) . It seems "buy" orders catch MNT out far less than "Sell" orders. With the MNT 33S the figures are much better.
June TD MNT 33S +100 pips
17/5/10 to date MNT 33S +139 pips. (21 trades, 19 wins +190 pips , 2 losses -51 pips , net gain +139 pips, 91% bank rate to date).
I don't have the data to back test MNT33S to June 09. But it is safe to assume that on good vanilla NT months MNT33S will keep a high bank rate as if NT wins, MNT wins. It's more important to back test how MNT33S performs on poor NT months.
What I do find interesting is no one has come forward and admitted thay have back tested MNT / MNT33S and declared it a risky failure. Maybe some lurkers here have done such an exercise and seen fauvourable results so are keeping stum?
M
Mark, not as a lurker but as a very nerdy girl (additionally intrigued by yours being post #2010!) I've decided to roll up my sleeves and look into your question.
Let me tell you upfront that I've not been trading this, and that it just seems to me that it would be more profitable to add the extra 2% you're willing to risk to standard NT.
OK, here are the answers (spread in my data is 2pips, so this is MNT32S):
2009 overall: +544
Months:
1 -64
2 108
3 -12
4 38
5 -1
6 80
7 138
8 68
9 38
10 36
11 28
12 87
2010 (up to end of March): + 138
Months:
1 46
2 58
3 34
Standard (I think this is vanilla?) NT:
2009 overall: +1677
2010 (up to end of March): +175
So actually, I stand corrected! Up to march this year, the two were pretty neck-to-neck. In 2009 however, if 2% would have allowed you to bet £5 per pip, risking 4% on std NT would have banked you £16,770, whilst combining NT and MNT 50-50 would have yielded only £11,105 (and even less on combinations giving more weight to MNT of course).
Barbara
PS I should add, the data I have might differ by some pips from the ones from IG etc; as i understand it, each broker or sb firm has its own (hopefully small) differences. NT and its combos are however very sensitive - at times we win or lose by just 1 pip, so this can make a difference for individual trades. Not on average though over such a long period I've looked at for you.
PPS I too would be interested in a private forum.
Agreed, -0.7 ma back to sleep.
M
Can someone invent a system that analyses the trade signals, and then cancels your alarm if it's a no trade? Now that would beworth £247....
Mornin'![]()
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I reckon technically a trade so have gone for it
INT is just as intriguing as the rest, and I am logging it live daily now, but even you the inventor doesn't have the courage to trade it every "trade" day no matter what.
M
What trade you you gone in on ?