Hi Pip, #1: My point was that once the first trade hit 100 it would exit which would mean that some some profit would be immediately returned to the account which helps smooth out the curve whilst the larger positions remain open. #2 I agree with ...

Building an equity millipede

I would tend to disagree, in part. The way I understand it (and I may be wrong) is that the entering of 2 trades offers a number of benefits, assuming that at least the first exit is reached. These are: 1. Smooth out your equity curve, which I guess ...

Building an equity millipede

Good Points !! I'd like to add that I also thought that the point of a forum was to help the lesser experienced individuals. If you need to prove that you are already a successful trader by submitting your stats then how (and from whom) are these ...

Building an equity millipede

FOA Lux.... — Hi Lux, I've just subscribed to your site and am looking forward to the ebook series. In the meantime, I was checking out your blog and in one of your comments you suggested that if someone was serious about testing an EA then ...

Help on getting started with coding EA's

Thanks Lux.... I'll take a look

Help on getting started with coding EA's

Ozzie, I know your question is directed at Graeme and as a novice to Forex I'm not sure whether I can offer any good advice but I thought I'd add my 2cents. Given that you have (to some degree) conditioned yourself to a previous methodology have you ...

Building an equity millipede

Journal — Hello Graeme, Apologies as this is slightly off-topic from the current discussion but would it be possible at some point later on in this thread to discuss how you manage all these positions. Using the last chart as an example (which ...

Building an equity millipede

As a quick update if price had pushed slightly higher between my entries at 6 & 7 (around the 17th Feb), I would probably look to diversify here due to the reason that the main trend looked like it was changing from down to up.

Building an equity millipede

My Attempt — Here are my reasons for entering trades: 1. Price bounced off Support and broke thru mini-resistance - Go LONG 2. Large Range bar from Resistance - Go SHORT 3. Large Range bar - Break down from Support - Go SHORT 4. Large Range ...

Building an equity millipede

Random Trades Exercise — Hi Graeme, My 8 trades were 1, 3, 4, 5, 6, 9, 11 & 14 4 Wins (3400pips) and 4 Losses (800pips) = Net 2600 pips Chorlton

Building an equity millipede

Graeme, If you look to place a trade at every possible correction opportunity then doesn't one (who has limited discretionary trading experience and cannot read the Mrkt with confidence) run the risk of placing too many possible trades which in turn ...

Building an equity millipede

Hi Graeme, Regarding the move from 1.26 to 1.30-1.31, the reason I didn't mark it as a possible BUY is because IMO there was nothing that clearly suggested a retrace. From 1.26 price went sideways for a few days followed by a gap up. By this stage, ...

Building an equity millipede

Chart Exercise — Hello Graeme, Here is my attempt at your chart exercise...... Be interested in your comments... Thanks..

Building an equity millipede

Hi Graeme, Thanks for the detailed reply....

Building an equity millipede

Graeme, In the absence of being able to post charts, can I ask how you would prepare for a trade entry when presented with a ranging period on the chart? Would you (a) wait for price to break-out of the range and then take the trade, especially if ...

Building an equity millipede

I would also like to complete the chart exercise but am currently at work so can only post infrequently here due to work constraints PS. I'm now able to post in realtime due to losing my "junior" and gaining my "member" status so hopefully I can ...

Building an equity millipede

Graeme, In answer to your question, I'm also one who is following your posts. The only criticism I have is that due to the content (and underlying message) within your posts there seems little reason to go out and buy some new forex books ;-) On a ...

Building an equity millipede

Hi Graeme, Firstly, I've only recently joined FF so at the moment each of my posts has to be checked by a moderator which means that there is a delay between me writing a post & my post appearing. Consequently, if i ask a question which you have ...

Building an equity millipede

Hello Graeme, Many Thanks for taking the time to reply, and I hope you don't mind if I ask another question. With regard to your own trading, do you keep records of your trading stats (current win ratio and worse drawdown) by any chance, and if so ...

Building an equity millipede

IMO The underlying message in this and other similar posts is simply GOLD !! If I may, I'd like to add some observations. One of the main issue that most will face when trying to emulate this is that of drawdowns and low win-rates. One way to deal ...

Building an equity millipede