MTF Trading System - fxozgirl Higher Time Frame spinoff

Post by **intcust** » Fri Sep 26, 2014 2:13 pm

Hey I did something stupid with a demo. I loaded up and chose the entries carefully and doubled the acct. in three days. I would post the trades but don't know how to get them out of Empty4. I use to be able to do it but I forgot. So if anyone cares tell me how and I will post them. I am not suggesting doing this what I wanted to test was the low draw down and that worked. Otherwise the acct. would have blown just as fast.

Post by **intcust** » Fri Sep 26, 2014 2:41 pm

Of course the other decision is what to do with the AUDNZD???

On my chart the arrow has been up on weekly so per my chart entry was bad

I see a pull back on daily were the lines have not yet crossed. So you can wait and hope or hedge it. Then if lines cross double up on it long. If you cannot hedge line cross close and enter per rules. Please let me know if my chart is wrong.
In a strange way and since this is a demo it is a good learning experience.
Thanks,

incust

Post by **eltax100** » Fri Sep 26, 2014 6:40 pm

Well I just jumped into Daily trades on monday based on the weekly rules, during the week watched some wide basket pip swings and added more trades as the opportunity arises. This is only demo but like the results this week

Post by **intcust** » Fri Sep 26, 2014 7:40 pm

eltax100 » Fri Sep 26, 2014 11:40 am wrote:Well I just jumped into Daily trades on monday based on the weekly rules, during the week watched some wide basket pip swings and added more trades as the opportunity arises. This is only demo but like the results this week

That is a boat of pips. Remember that a large part of this system is putting the stops in once the pair move into profit. I say this because I did not see any stop loss set. You have several trades that per the rules should have stop moved to break even of better. It is you acct and you can trade as you want I am just pointing out what I see. Good job.

Post by **fxozgirl** » Fri Sep 26, 2014 8:30 pm

intcust » Sat Sep 27, 2014 12:13 am wrote:Hey I did something stupid with a demo. I loaded up and chose the entries carefully and doubled the acct. in three days. I would post the trades but don't know how to get them out of Empty4. I use to be able to do it but I forgot. So if anyone cares tell me how and I will post them. I am not suggesting doing this what I wanted to test was the low draw down and that worked. Otherwise the acct. would have blown just as fast.

Great effort...

Click file on your Empty4 platform, then click save as picture...make sure you untick the box to post to mql5 website.

Cheers

Shelley

Post by **fxozgirl** » Fri Sep 26, 2014 8:33 pm

intcust » Sat Sep 27, 2014 12:41 am wrote:Of course the other decision is what to do with the AUDNZD???

On my chart the arrow has been up on weekly so per my chart entry was bad

I see a pull back on daily were the lines have not yet crossed. So you can wait and hope or hedge it. Then if lines cross double up on it long. If you cannot hedge line cross close and enter per rules. Please let me know if my chart is wrong.
In a strange way and since this is a demo it is a good learning experience.
Thanks,

incust

No, your chart is correct...now!
At the start of the week there was a red arrow on the weekly chart, however by Tues or Wed (can't remember) the arrow dissapeared so now we are still in a previous up trend.

Post by **fxozgirl** » Fri Sep 26, 2014 8:33 pm

eltax100 » Sat Sep 27, 2014 4:40 am wrote:Well I just jumped into Daily trades on monday based on the weekly rules, during the week watched some wide basket pip swings and added more trades as the opportunity arises. This is only demo but like the results this week

haha, that is brillian eltax

Post by **fxozgirl** » Fri Sep 26, 2014 9:26 pm

fxozgirl » Fri Sep 26, 2014 7:17 am wrote:
Current balance: $6225.53
Floating balance: $6435.69 (approx +211 pips)

Current open trades:
AUDNZD Sell 22/9 -135 pips
AUDUSD Sell 23/9 +79 pips
EURUSD Sell 25/9 +28 pips
GBPJPY Buy 24/9 -107 pips
GBPNZD Buy 24/9 +205 pips JS moved to +100 pips
NZDUSD Sell 23/9 +188 pips JS moved to +100 pips
USDCAD Buy 23/9 +64 pips
USDCHF Buy 25/9 +8 pips
USDJPY Buy 25/9 -30 pips

Results at close of trading this week

Current balance: $6225.53
Floating balance: $6667.22 (approx +634 pips)

Current open trades:
AUDNZD Sell 22/9 -194 pips
AUDUSD Sell 23/9 +94 pips BE +5 pips
EURUSD Sell 25/9 +90 pips BE +5 pips
GBPJPY Buy 24/9 -102 pips
GBPNZD Buy 24/9 +261 pips JS moved to +200 pips
GBPUSD Sell 26/9 +59 pips
NZDUSD Sell 23/9 +241 pips JS moved to +150 pips
USDCAD Buy 23/9 +106 pips BE +5 pips
USDCHF Buy 25/9 +57 pips
USDJPY Buy 25/9 +22 pips

MTF_results_27.9.2014.png

Post by **intcust** » Fri Sep 26, 2014 10:53 pm

I did a screen shot

here is acct. trades.

incust

acct.docx

Post by **intcust** » Fri Sep 26, 2014 11:02 pm

No, your chart is correct...now!
At the start of the week there was a red arrow on the weekly chart, however by Tues or Wed (can't remember) the arrow dissapeared so now we are still in a previous up trend.

So the repaint has bite us in the back side. So what do we do now? I guess don't panic. Do we close now or wait for true long signal? Do we worry about the repaint? I don't know but good thing is other trades are bailing that one out. I will try to look at the no repaint indicator posted and see how much different they are. If it were my trade I would hold until the daily triggers a long then hedge if possible and add additional position. If no hedge option then close and take hit and add the long. If hedge close it at pull back bottom. but all of this just messes up the simplicity of this system which is what I like. This might be a reason to close all at 10 or 20 percent gain. Lots to think of but it can be solved.