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the way to calculate how good a pair is for this system would depend on 3 things in my opinion 1) what is the yearly or 10y range 2) what is the spread cost on oanda? 3) what is the average daily amount of pips you can hope to capture trading long / short (average realized profit per day in...

you know electric this could work if every pair was broken down scientifically kind of like we did with gbpusd, the 10 best non correlated pairs were chosen, and the API was automated on oanda the other option which remains which would need a large account though is what I always maintained...

unless someone can show me where i went wrong in my calculations, the correct trade ticket size on oanda (at 50:1 leverage) would be about 0.02% (that is assuming 30 pip gbpusd short/long entry spreads and TP) (Also assuming trading 10 of the least correlated pairs) at those settings...

to safely "build the pool" you will have to use such low leverage it makes the whole idea questionable lets take a $100k account that can withstand a severe GBPUSD move, say 3500 pip move that is a drawdown of 200 000 pips at 5 cents a pip, that would mean unrealized loss of $10k which...

slight martingale would not even make a dent in a strong move like that, you talking 100% ROI? so in 4 to 6 months, its about 30-40% - so boost your realized profits and money "banked" by 30-40%, still doesnt help all that much IMO look at all the other USD pairs electric instead of...

ok revised calculation for you, 30 pips apart move from 1.55 to 1.90 drawdown? 218 000 pips and there is NOWAYS you will profit 300 pips per day on gbpusd using a 30 pip system, you may take in 20 000 pips during that run so you still have a drawndown of 200 000 pips in just 4 to 6...

I agree with those numbers BUT check the move I am talking about - didnt even happen 2 years ago, check your chart from AUG 2003, when GBP ran one way from 1.55 until 1.90 3500 pips oneway ride 3500 +3480 +3460 .... total drawdown? about 300 000 pips unrealized profit of...

Electric I have been trading FX for many years, and I have also followed this grid type of thread for many months.... yes, in my projections of the GBPUSD AUG 2003 scenario, I counted profits on daily moves in both directions (both long and short) the rough calculations I used were...

for an exmaple, in the worst one way move I found you guys, GBPUSD I calculated that at BEST using the 20 pips short / long spread every 20 pips, the most profit you could have posssibly raked in is 27 000 pips and that is a generous number the downside: 290 000 pips!! and that is a...

futures: i have been looking at this idea for months, and i dont see how it survives the massive one way moves look at the data, one particularly bad move is AUG 2003 until Feb 2004 GBPUSD moved almost one way 4500 pips EURUSD 2300 pips AUDUSD, USDCAD, USDCHF - very similar system...

you are missing the point the system never closes losing positions the idea is that on every retrace the system then closes with profits basically the idea is that the currency pairs tend to go nowhere more than trend, so eventually they retrace and then you take profits no matter which...

even better, if I owned a few of those and people were willing to buy, I would sell them in .001 seconds and move to somwhere else

OMG!!! you gotta be kidding me? if that is what I had to buy I would move to tennessee or montana in .1 seconds

why no long and short in the same pair? can someone explain in simple terms why this would be bad? why not just do the long side of the trades in one account and the short side of eurusd in another account?

thats the whole point of my post when a stock has record volume (or an index, or a commodity), but the price declines significantly, that is usually a very bad sign! thats exactly what the housing market did.... now I am wondering if the housing market is differernt to all the other...

well, hmm, it a nationwide statistic? I doubt the types of houses sold month to month vary at all..... probably a very static ratio, within 1% every month

what is very interesting is that prices were way down on RECORD volume I dont trade the real estate market, I dont even own a piece of property but in terms of stocks, I know that if the market moves down on very high volume its 95% of the time a bad thing I don't know if the housing...

Heya Electric I been following these "trade without knowing direction" threads for months now..... reading through your thread I pretty much I think I understand it all except for 1 part, when you are drawing 2 to 2.5 months of horizontal trendlines from pivots, are you deleting the older...

yes - I understand this - but I have the same thing with my broker : freetrade..... It has not affected me so far, as all my trades are with stop losses, so it has not affected my style as of yet, but I can understand how this might be very bad for some people

when I opened an account with Oanda, I was concerned about where i was putting my money... this is a cut and paste from an email from one of the staff at oanda: BTW: the people at oanda always have answered their phone immediately for me. 2nd BTW: feel free to pull the below quote apart...