From the category archives:

Trading

February 15, 2013

4ex Pip System

Week 2
EURUSD AM 12.8 Pips, PM 20 pips.
Total 32.8 pips for £54.56 off the £1,000 start bank and £328 of £10 per pip.

GBPUSD AM 7 Pips, PM 10 pips.
Total 17 pips for £26.25 off the £1,000 start bank and £170 of £10 per pip.

Overall:
EURUSD AM 42.8 Pips, PM 50 pips.
Total 92.8 pips for £148.01 off the £1,000 start bank and £928 of £10 per pip.

GBPUSD AM 27 Pips, PM 15.1 pips.
Total 42.1 pips for £64.24 off the £1,000 start bank and £421 of £10 per pip.
Please note that I am only aiming for 10 pips per session. Often more pips would be available but I stop once 10 pips have been reached.

I am monitoring Indices and Oil but I won’t report results on them until I am sure that some minor adjustments to the rules are not required. I feel Oil in particular will need a wider stop and slight adjustment to the entry rules because of the wide spread and volatile nature.

Usual caveats apply:

Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.

Please also note that for ease of reporting I am using GKFX.

Filed under Forex,Spread Betting,Trading by Arthur

6 comments

February 15, 2013

Each Way FX

An unfortunate double loss on Thursday :(

Week 4: 3 trades for -76.00 pips for -£760.00 at £10 per pip, -£61.37 from a £1000 starting bank.
Overall: 17 trades for 67.30 pips for £673.00 at £10 per pip, £79.46 from a £1000 starting bank.

Filed under Forex,Spread Betting,Trading by Arthur

0 comments

February 9, 2013

MRP Strategy

I do not understand why it should be the case but GKFX data is different from ETX. Other differences between the two Brokers are, apparently, the time that the finance charges (aka swop) are calculated and the method of calculation. I believe this explains the difference between the two sets of data I reported recently.

I considered running the system on both GKFX and ETX but I need to keep things simple, so I will just use ETX data as this is the recommended Broker in the manual.

The trial has got off to a poor start. In Martin’s email yesterday he noted “Very unusual conditions have seen the short term indicator switching daily so no consistency forming at present. There is no doubt about it, it has caused us a problem. It’s the markets that are giving us the problem at the moment, that’s what markets do, and they have this uncanny knack of throwing up the most unpredictable conditions (the curved ball)”. Hopefully the trading conditions that suit this system will arrive soon, until then all we can do is plug away.

Ad-Hoc Strategy
Week 1. £1000 starting bank £-29.12 and £10 per trade £-432.96

Week 2. £1000 starting bank £-45.92 and £10 per trade £-600.29

Week 3. £1000 starting bank £-61.89 and £10 per trade £-1015.66

Week 4. £1000 starting bank £20.80 and £10 per trade £380.07

Week 5. £1000 starting bank £-46.25 and £10 per trade £-802.62 **

 

Overall : £1000 starting bank £-162.39 and £10 per trade £-2471.45

 

Set and Forget Strategy

Week 1. £1000 starting bank £-57.83 and £10 per trade £-883.04

Week 2. £1000 starting bank £-3.93 and £10 per trade £-19.89

Week 3. £1000 starting bank £30.24 and £10 per trade £483.56

Week 4. £1000 starting bank £12.85 and £10 per trade £203.44

Week 5. £1000 starting bank £-82.25 and £10 per trade £-1116.65 **

 

Overall : £1000 starting bank £-100.93 and £10 per trade £-1332.58

 

** Trades still open.

Filed under Forex,Spread Betting,Trading by Arthur

0 comments

February 8, 2013

4ex Pip System

Week 1
EURUSD AM 30 Pips, PM 30 pips.
Total 60 pips for £93.44 off the £1,000 start bank and £600 of £10 per pip.

GBPUSD AM 20 Pips, PM 5.1 pips.
Total 60 pips for £37.99 off the £1,000 start bank and £251 of £10 per pip.

 
Please note that I am only aiming for 10 pips per session. Often more pips would be available but I stop once 10 pips have been reached.

I am monitoring Indices and Oil but I won’t report results on them until I am sure that some minor adjustments to the rules are not required. I feel Oil in particular will need a wider stop and slight adjustment to the entry rules because of the wide spread and volatile nature.

Usual caveats apply:

Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.

Please also note that for ease of reporting I am using GKFX.

Filed under Forex,Spread Betting,Trading by Arthur

0 comments

February 8, 2013

Each Way FX

Although the link has just gone up I have been following this for 3 weeks now. As you will see weeks 1 and 2 were so-so but February has got off to a fantastic start.

Week 1 looks odd as one strategy made a loss and t’other a profit from the same signals. This is correct as some of the loss was made at a lower stake, so was a lower overall loss than the fixed stake strategy.

Week 1: 5 trades for -29.70 pips for -£297.00 at £10 per pip, £8.71 from a £1000 starting bank.
Week 2: 4 trades for 34.00 pips for £340.00 at £10 per pip, £15.33 from a £1000 starting bank.
Week 3: 5 trades for 139.00 pips for £1390.00 at £10 per pip, £116.80 from a £1000 starting bank.

Overall: 14 trades for 143.30 pips for £1433.00 at £10 per pip, £140.83 from a £1000 starting bank.

Filed under Forex,Spread Betting,Trading by Arthur

0 comments

February 8, 2013

Each Way FX

I am looking at Each Way FX by John Wheatland.

The product comes with an installer you can use to setup an MT4 chart, so that makes life simple, and a spreadsheet you can use to calculate your stakes. Even better, the system requires little PC time as you set pending orders at a fixed point each morning on almost a fire and forget basis. I say almost as there is an action to be taken if your profit target is reached.

As normal for Cash-Masters ForEx trials, I will use a £10 per pip stake but I will also use a £1,000 starting bank and the supplied spreadsheet to calculate the stakes.

Not much more to say about this, so on with the trial ….

Filed under Forex,Spread Betting,Trading by Arthur

0 comments

February 2, 2013

4ex Pip System

I apologise for not providing any updates on this strategy for the past two weeks. I have had to deal with a domestic emergency and have not been able to follow this. I am intending to start recording data on Monday 4th Feb.

Filed under Forex,Spread Betting,Trading by Arthur

3 comments

February 2, 2013

MRP Strategy

Folks, I know that there hasn’t been an update for a couple of weeks. There is quite a variation between my results and the author’s and I want to understand why this should be before exposing my results. The important thing here is to record accurate data so you can make an informed decision and there is a fair chance I am doing something silly.

Hopefully I will be able to provide some results data in the next few days.

Filed under Forex,Spread Betting,Trading by Arthur

0 comments

January 24, 2013

4ex Pip System

I am going to be looking at 4ex Pip System, a ForEx scalping system costing £99.

Looking through the pdf manual, it appears to be a simple enough system based upon sound principals. Two trading windows are advised for each day, but with any luck you’ll be done and dusted quickly in the first window, so you aren’t tied to your computer all day.

With scalping systems, you aren’t really trying to grab the most pips you can out of each trade, or even each day. Rather, you set a daily target of between 10 to 30 pips. As there are two trading windows noted in the manual, I’ll blog this looking for 10 pips per window; that way we should see if there is a bias to any particular window.

I want to blog this using a ForEx pair, a commodity and an index. For ForEx I will look at GBP/USD and EUR/USD pairs. The commodity will be Texas Light Crude as this is often very volatile but I might have to widen the stops because of this volatility (and consequently the pip target too, we’ll see). Ideally I’d like to use DOW as the index, but it isn’t reasonable to expect the morning session to make the pip target so I will use FTSE. However I will blog both just in case.

The stop loss is 20 pips. As per normal for Cash-Masters ForEx blogs I will operate at £10 per pip but I will also run a £1,000 start bank using 3% risk. 3% of £1,000 is £30, divided by 20 pips means my starting stake will be £1.50 per pip. My broker needs stakes using 10p multiples, so the stake will be rounded down to the nearest 10p.

Filed under Forex,Spread Betting,Trading by Arthur

1 comment

January 18, 2013

MRP Strategy

Ad-Hoc Strategy week 2: £1000 Bank £-23.00 and £10 per trade £-482.60
Overall : £1000 Bank £-47.50 and £10 per trade £-978.90

Fire’n’Forget week 2: £1000 Bank £-47.50 and £10 per trade £-1042.30
Overall : £1000 Bank £-113.00 and £10 per trade £-2348.40

Filed under Forex,Spread Betting,Trading by Arthur

0 comments