Monthly trading

Monthly trading

Postby SteveHopwood » Tue Feb 22, 2022 5:21 pm

This thread arises from my experiments with trading each week in the direction of the previous week (SteveHopwood @ Weekly trading?). They were all failures. At the same time I tried trading the same way but on the monthly charts.

November was a loser. December and January were profitable. The jury was still out on February at the time of writing. It was profitable ultimately..

Here is the gig:
  • Early on in the month, send a trade in the direction of travel during the previous month.
  • Close down at the end of the month.
  • Rinse and repeat.


Here are the details of the demo for you to follow:
Login: 2257104
Investor: uwbl4nw

I have come to the conclusion that it is probably a good idea to close down when profits reach a pre-determined level, if ever they do, so I am using my Simplest Ever Basket Manager to achieve this.

There are some software attachments:
  • Send trades in monthly direction script: go on, take a guess. I talk about Bob's moving average filter further down.
  • UPL highlow indi: keeps track of the highest and lowest cash UPL of the position, so we can see where these went.
  • Global variable deletion script: UPL hilo indi keeps track of the highest/lowest by saving the values to Global Variables. These are small files saved to the platform and need deleting when we open a fresh position. The script achieves this.
  • Simplest basket manager ever: load it onto a blank chart (Blank.tpl) set your cash profit target, sit back and let it do its job.
  • Monthly trading indicator: This is not part of the trading; I wrote it merely to confirm that the order sending script was working properly. There are three columns:
    • The list of pairs you are monitoring.
    • The direction of travel of the previous candle.
    • The trading direction indicated by Bob's optional moving average filter.
  • Position monitoring indicator basic: this shows the progress (or otherwise) of individual pairs. Set up a chart as you like it then add the indi. Whenever you want to examine an individual pair, then drag the order from open trades window onto the chart and it will automatically change to that pair.

Bob's optional moving average filter is something that nanningbob introduced to us in the early days of this forum. Bob isn't around much these days but his influence is felt throughout, most visibly in HGI and Super Slope that he conceived and got brilliant coders to create the software.

Bob taught us that prices on the monthly chart rarely change direction to form a trend in the opposite direction. As I recall, he wanted to use a 1 period MN1 moving average. 1 period MA was not available at the time, so he devised an emulation by creating a 240 period H4 MA:
  • Market is above the MA: buy only.
  • Market is below the MA: sell only.

You will see the option to use Bob's MA filter in the order sending script and the monthly direction indi. It is disabled by default.

We have the option to set different time frames in the order sending script so that we can experiment. At the time of writing I am playing with scalping on the H1 with the MA enabled.

I already have three more demos ready to start and will post the login details before the start of March. The idea is to open new positions as simultaneously as possible for comparison:
  • One with a target of $2000 - no MA filter.
    • Login : 2276023
    • Investor : kpw2njf (read only password)
  • One with a target of $2,000 - with MA filter
    • Login : 2276025
    • Investor : bpns4dg (read only password)
  • One with a target of $1,000 - including the MA filter.
    • Login : 2277267
    • Investor : 4qopeyn (read only password)


I reckon it will be 12 months before we can come to any firm conclusions unless we instantly a run of losses. We shall see.

:xm: :rocket:
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I still suffer from OCCD. Good thing, really.

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Monthly trading

Postby SteveHopwood » Sun Feb 27, 2022 2:16 pm

Closed down for February:
Monthly original last month.png


There are two trades for each pair because of my balls up with MPTM. I opened a second basket to emulate what would have happened without the error.

Since starting the demo in November:
Monthly original cumulative.png


FYI, I uploaded the wrong order sending script originally. I have replaced it with the correct one.

:xm: :rocket:
You do not have the required permissions to view the files attached to this post.
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9678
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Monthly trading

Postby SteveHopwood » Sun Mar 06, 2022 1:52 pm

I have added login details for the three demo accounts, to post 1; I was able to send the orders within seconds of one another.

The account shooting for $2,000 (0.1 lots) without Bob's moving average has already hit its target and the basket manager closed all the orders. The account shooting for $1,000 and using Bob's filter has also hit its TP.

Looking good so far.

:xm: :rocket:
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9678
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Monthly trading

Postby SteveHopwood » Mon Mar 07, 2022 6:05 pm

All three of the new accounts have hit their TP. :clap: :clap: :clap: :clap: :clap: :clap: :clap:

It is going to be dull for the rest of the month. :arrrg: Hey ho.

:xm: :rocket:
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9678
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Monthly trading

Postby Aspirapips » Tue Mar 08, 2022 2:54 pm

Hello Sveve, thank you immensely for this site and for all the work you do.
I'm studying everything.
I read about your new monthly experiment in the weekly post. I have analyzed the demo accounts that you have started.
I have two questions:
1) I saw that there are no GBPAUD trades while in the script it is inserted. Is there any particular reason?
2) Monthly Trading (2257104) opens positions in reverse of strategy ... is that right?

All the best

Aspirapips
Aspirapips
 
Posts: 2
Joined: Fri Apr 10, 2015 6:34 pm

Monthly trading

Postby SteveHopwood » Tue Mar 08, 2022 11:38 pm

Aspirapips » Tue Mar 08, 2022 2:54 pm wrote:Hello Sveve, thank you immensely for this site and for all the work you do.
I'm studying everything.
I read about your new monthly experiment in the weekly post. I have analyzed the demo accounts that you have started.
I have two questions:
1) I saw that there are no GBPAUD trades while in the script it is inserted. Is there any particular reason?
2) Monthly Trading (2257104) opens positions in reverse of strategy ... is that right?

All the best

Aspirapips

1) Nope.
2) Nope.

:xm: :rocket:
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9678
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Monthly trading

Postby SteveHopwood » Fri Apr 01, 2022 1:16 pm

For your interest folks, I have sent the new baskets. Login details at the bottom of post 1.


:xm: :rocket:
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9678
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Monthly trading

Postby SteveHopwood » Tue Apr 05, 2022 3:42 pm

The demo with the target of $1,000 has hit its TP. :clap:

:xm: :rocket:
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9678
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Monthly trading

Postby Aspirapips » Wed Apr 06, 2022 1:19 pm

Great!
Aspirapips
 
Posts: 2
Joined: Fri Apr 10, 2015 6:34 pm

Monthly trading

Postby SteveHopwood » Sun May 01, 2022 5:04 pm

Quick report, although you can all log into the accounts via the details in post 1 and see for yourselves.

The $1,000 TP account closed the position early in the month and is doing well.

I was able to close the position on the $2,000 TP account using Bob's moving average filter at a small profit of c. $70.

The other account I started at the same time for comparison is heavily into DD, as is the very first account I opened to start all this off.

Re the latter two, I forgot to close the positions on Friday and will do so tomorrow so I can start again at the start of this new month.

:xm: :rocket:
Read the effing manual, ok?

Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Tommaso (milanese) for all the incredible work he does here.
User avatar
SteveHopwood
 
Posts: 9678
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

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