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| Moving Day https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=5801 |
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| Author: | SteveHopwood [ Thu Apr 30, 2020 7:41 pm ] |
| Post subject: | Moving Day |
First tentative steps into live trading: OK, so not desperately exciting but these were live 0.01 trades on a $900 starter account. I closed two global positions manually to achieve this result. Why did I close manually? On my normal $20,000 demo, these would have been 1 lot trades and the profit would have been $2,700, not $27. Anybody here really think that I would have left >10% profit on the table in the hope of gaining more? Which kind-of moves us yet further away from the idea of providing the totally new to all this with an EA they can safely leave to its own devices. Hey ho. I will keep on trying. |
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| Author: | SteveHopwood [ Sat May 02, 2020 12:49 pm ] |
| Post subject: | Moving Day |
Who says the markets never go in a straight line? That netted the account just over $2,500. I was dubious about the trades given how the market had relentlessly risen, but they hit the 120 pip TP and showed the power of grid trading when a market moves in our favour. Last week: Since opening the demo with $20,000 on April 9th: I am using an initial stop order 20 pips away from the market price, then an additional grid of 5 orders, 20 pips apart. TP for the first order is 120 pips and this is passed to the orders in the grid. My experiments with no individual TP and global basket targets of $4,000, $8,000 and $12,000 have been failures so far. I will let them run for a while but they do not look promising. |
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| Author: | trader689 [ Sat May 02, 2020 3:35 pm ] |
| Post subject: | Moving Day |
thanks for the update Steve, this is looking like a very promising bot. Mine has done well also this past week with similar settings, but working in conjunction with a reduced cash basket tp inspired by TradingMastermind trader |
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| Author: | SteveHopwood [ Sat May 02, 2020 4:25 pm ] |
| Post subject: | Moving Day |
I just had a look. Brilliant results. Up just over 31% in just over a fortnight. Wow. |
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| Author: | SteveHopwood [ Sat May 02, 2020 4:30 pm ] |
| Post subject: | Moving Day |
You are not doing so badly either. 10.6% gain in just over a fortnight. You would have to leave your deposit for about 1,000 years to gain the same from a UK savings account these days. |
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| Author: | SteveHopwood [ Sat May 02, 2020 4:33 pm ] |
| Post subject: | Moving Day |
Impressive stuff coming in here folks. Early days I know, but this is looking really good. Keep on tweaking the basic settings. |
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| Author: | woodlands [ Sun May 03, 2020 5:50 am ] |
| Post subject: | Moving Day |
Thanks for this Steve, Start balance on 20/04/2020 was $198.66 using 0.01 lots and $25 basket |
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| Author: | SteveHopwood [ Sun May 03, 2020 10:23 am ] |
| Post subject: | Moving Day |
That is absolutely brilliant. 17% gain in two trading weeks. Wow. Carry on like this and it will not be a tiny account for long. |
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| Author: | SteveHopwood [ Sun May 03, 2020 10:35 am ] |
| Post subject: | Moving Day |
I have added the account details for my demo in post 2 for anyone wanting to follow along with it. |
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| Author: | lamdog330 [ Sun May 03, 2020 7:39 pm ] |
| Post subject: | Moving Day |
I want to share this as it helped me when I am on the go. I downloaded the Empty4 app which is available for iPhone/iPad/Android. It allows me to easily monitor multiple accounts without a computer. I can see current trades, trades history, P/L, charts. Here's mine Moving Day ($5000 ini dep, 0.2 lot, 100 pips basket TP, KnockOffForDayAfterClosure) 2182312 c7pdped |
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