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Thread: Appaloosa System

  1. #131
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    Quote Originally Posted by virtik View Post
    I try to do this.
    If mm set 10% we have 10 pips basket profit every 1% оf "profitpercent". Test this please.
    Yes, I know.. however, like jamestan1978 said, some of the correlated pairs in the group slows down the system and sometime, it actually goes against the basket. So, in this case, 10 pips basket profit for every 1%, we ended up having the drawdown much higher than desirable amount. That is what I think we need to find the balance. What I did yesterday with going with strength shown by Multi-dash indicator helped achieving the target very quickly because most if not all pairs work favorable.

  2. #132

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    I will test next week on my vps with follow...
    TF 5,15,30,60,240 on eurusd chart , sl 30 for each pair, 10% mm & 5% profit.

  3. #133
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    Quote Originally Posted by jamestan1978 View Post
    Suddenly have a thought.. Does the correlated pairs actually help the system or actually slows down the system to take profit. Notice pass trades it's the opposite pairs that actually slows the profit taking time?
    I think most of the times, having correlated pairs in the basket keeps the drawdown under control. However, correlation effect sometime doesn't work, like yesterday. Yesterday, E/U and U/Chf both going up instead of opposite, thus, my basket of all 'short' positions didn't have the chance to hit target. In addition, my drawdown was getting higher and higher in the end. If we are targeting 1% of the total amount, we may have to allow drawdown to be 10%-20% of the balance, which is a lot more riskier than individual (single trading). So, if we start with $5K account, Target = 1% ($50.00) vs possible DD = 10-20% ($500.00 to $1000.00). When you break down the actual $ amount, it is a lot more riskier than single entry strategy.

    We all talk about if SL/TP is lopsided, we don't want to trade the system because r/r ratio is not good. (example: SL = 70 and TP = 8, (which is terrible R/R ratio - one example from this forum "RSI_MA scalper" has this ratio) ) Also, we shy away from martingale strategy because of possible heavy draw down when positions against us, and we think reward is not worth the risk. However, not many people think about 'basket' trading the same way. But in reality, my opinion, basket of trading is also same way. SL/TP ratio is lopsided. Just my 2 cents...

    I trade basket trading, RSI_MA scalper and Martingale style trading because it's based on probability of hitting the target far more often than hitting SL. I believe draw down is unavoidable in Forex business. So, I am willing to stay with trade with reasonable drawdown. This is the 'balance' that I am talking about. What is the 'reasonable' draw down before cut the losses?

    Going back to Appaloosa System, if we can select the direction per pair, instead of all 'buy' or all 'sell', I think hitting target maybe faster. That is why I suggested adding optional indicator to select the direction of each selected currencies in the basket.
    Last edited by 4x4me; 09-04-2010 at 16:19.

  4. #134
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    Quote Originally Posted by virtik View Post
    I will test next week on my vps with follow...
    TF 5,15,30,60,240 on eurusd chart , sl 30 for each pair, 10% mm & 5% profit.
    Last week, I did set my demo with 1 hr and 15 min chart with 1% TP and 8% SL, it hit SL couple of times. Account is now down to less than 1/2 of what I've started with. But, I would like to see your testing results, so please keep us posted. Thanks,

  5. #135

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    Quote Originally Posted by 4x4me View Post
    I think most of the times, having correlated pairs in the basket keeps the drawdown under control. However, correlation effect sometime doesn't work, like yesterday. Yesterday, E/U and U/Chf both going up instead of opposite, thus, my basket of all 'short' positions didn't have the chance to hit target. In addition, my drawdown was getting higher and higher in the end. If we are targeting 1% of the total amount, we may have to allow drawdown to be 10%-20% of the balance, which is a lot more riskier than individual (single trading). So, if we start with $5K account, Target = 1% ($50.00) vs possible DD = 10-20% ($500.00 to $1000.00). When you break down the actual $ amount, it is a lot more riskier than single entry strategy.

    We all talk about if SL/TP is lopsided, we don't want to trade the system because r/r ratio is not good. (example: SL = 70 and TP = 8, (which is terrible R/R ratio - one example from this forum "RSI_MA scalper" has this ratio) ) Also, we shy away from martingale strategy because of possible heavy draw down when positions against us, and we think reward is not worth the risk. However, not many people think about 'basket' trading the same way. But in reality, my opinion, basket of trading is also same way. SL/TP ratio is lopsided. Just my 2 cents...

    I trade basket trading, RSI_MA scalper and Martingale style trading because it's based on probability of hitting the target far more often than hitting SL. I believe draw down is unavoidable in Forex business. So, I am willing to stay with trade with reasonable drawdown. This is the 'balance' that I am talking about. What is the 'reasonable' draw down before cut the losses?

    Going back to Appaloosa System, if we can select the direction per pair, instead of all 'buy' or all 'sell', I think hitting target maybe faster. That is why I suggested adding optional indicator to select the direction of each selected currencies in the basket.
    Hi 4x4me,

    Wow superb analysis !!! great. It seems strange when the EA opens all buy/sell for those basket of pairs, something concrete decision has to be applied, the e.g you have sighted some where in the post i.e Eurusd and usdcan go 90% in opposite direction is a very clear evident, which causes doubt on the strategy.

    RSI MA Scalper works well though r/r is very high, for the reason, just see the timings it does trade !

  6. #136
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    Quote Originally Posted by robert77 View Post
    Hi 4x4me,

    Wow superb analysis !!! great. It seems strange when the EA opens all buy/sell for those basket of pairs, something concrete decision has to be applied, the e.g you have sighted some where in the post i.e Eurusd and usdcan go 90% in opposite direction is a very clear evident, which causes doubt on the strategy.

    RSI MA Scalper works well though r/r is very high, for the reason, just see the timings it does trade !
    Yeah, even with bad r/r ratio, I like RSI_MA scalper. It hit TP almost all the time. I start trading this live just last week and all hit TP and only 1 SL. So, in my opinion, it's not always best to look for strategy only based on SL vs TP ratio and RSI_MA is a good example for it.

  7. #137

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    Quote Originally Posted by 4x4me View Post
    I thought this indicator will be good for basket trading. Since we already have Appaloosa system, if funyoo can make EA to read the direction per Indicator, it would be great. I am hoping overall U$ will gain strength Sunday's open at least, so that i can get out of current trading. But, if it doesn't, I have no choice but wait until I can get out or hit SL, I guess..

    On this basket trading, i have an EA (not the EA that we are using here) that I entered manually (I mean, manually set your direction for each pairs) and I did it that way by this indicator. i target 2% per trade cycle and total netting over 20+% today. I am not looking to make 20% daily, but if market give me a chance, it sure is nice. Because, I know for some days, it will be much less and sometime, we'll be sitting on drawdown, I am sure.

    Market is closed, so some of you may not be able to see what multi-dash looks like, so I upload indicator image.
    Hey, I think I've used something similar to this before in manual trading. You've won me over on this idea. Hopefully Funyoo will find time to add it to the next update

  8. #138

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    looks like going to be an entry tomorrow... another 15% for me hopefully

  9. #139

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    beautiful 13 percent today, looks like can grab more but am happy with my 10percent... total grabbed 27 percent since last week

  10. #140

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    Quote Originally Posted by jamestan1978 View Post
    beautiful 13 percent today, looks like can grab more but am happy with my 10percent... total grabbed 27 percent since last week
    Serious? Wow, what am I doing wrong..? I have it on a 4 hour chart on two sepearate demos and both havent had one trade all week.....
    Well done by the way

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