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Apr 20
Monday
Stocks

Forex Robot Software Experiment

3 Comments April 20, 2009 – 3:45 pm |   | Permalink | Print This Post Print This Post |

20 April 2009 - 6:56 PM  (Sydney Time)

OK, I’m into my first trade,
This one feels like it will be fairly   short lived,
but I could be wrong,  unfortunately due to ISP problems I could not get in as soon as I
wanted to, had to wait a few hours - net cost about  20 pips (  about  $80 / 50 = 1.6%)
The spreadsheet is being used to calculate lot sizes,  25% risk, 5 trades  (this is conservative, I often go 35% and 3 trades- but for  the test I want it to be  more like what the normal punter would use)
see if you can ascertain which way I went from the indicators.

Perrie

21 April 2009 - 12:49 PM

well due to needing to go to sleep I’m closing my 1st official trade for this  “month”

details are:
opened                   type     size     symbol     price       close                      price       swap       profit
2009 04 20 09:25    sell       0.43    e/u           1.29881  2009 04 20 16:36    1.29111  0.00        331.10
2009 04 20 09:25    sell       0.57    u/chf        1.16975  2009 04 20 16:36    1.16975  0.00       -114.77

profit =   216.33  =  4.1%   (account start  $5,250)

account size is 5K
calculated by spreadsheet on 25% / 5 trades

Since I am doing this conservatively,
I hope to produce a gain around  80%- still a very good return I think you’ll agree,
and when taken to   3 trades/33%  this gives an equivalent of  11/5 x 80 = 176%

I anticipate approx  20 trades, so I’m aiming at 3-5% per trade.
EAch trade will increase as the “pot” gets larger

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If you are convinced with the results of the HOG2 Indicator at any stage of the experiment and wish to start learning how to trade using the HOG2 Indicator, simply Sign up For the HOG2 to Start Learning How to Trade Profitably. We have also negotiated for readers to a Special 30 Day Trial For $1
—————————————————————
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3 Responses to “ Forex Robot Software Experiment ”
  1. admin
    Apr 20, 2009
    Reply

    hey perrie, good trade. few Qs:
    1. size of trade: 0.43 for euro/usd and 0.57 usd/chf - is that a fixed ratio? and whats the rationale behind it?
    2. i dont quite follow the calcs. Lets recap for the readers too. You aim to make 3-5% per trade, and make 20 trades (over what time frame?). what do u mean by “3 trades/33% which gives the equivalent of 11/5 x 80 - 176%”. I understand that your trade size increases as the pot goes up, hence your gains are magnified over time exponentially.
    3. how bout losing positions ? do u have a stop?
    Thanks. The site is back up - ill email you on how to post your next trade. Also is it possible to capture a screenshot on what you see, at least for the first few posts so we are all on the same page. I understand that you trade on your smartphone hence this may not be possible! (my Mac cannot run HOG2 :( ) If this trial proves HOG2 to work, the developers need to address this!

  2. perrie iles
    Apr 23, 2009
    Reply

    1. Trade sizes are calculated by a spreadsheet supplied with the system.  It allows you to enter account size, leverage,  number of trades and % risk  .   (I usually trade 3 trades/ 33%) -  for anyone they can adjust the risk to their own tolerance levels,  but for this exercise it’s 5 trades / 25%  - the number of trades means that if it really goes against me   I’d normally put in a second trade at -100 pips and a 3rd at -300, however with 5 it would be a bit closer say, -60, -150, -300  - but again  I’ve only needed to use 2 trades, except where i DELIBERATELY put a trade in the wrong direction at the worst time , then i used 3.   These closed out at a slight loss  (around 0.3%)  .

    2.  OK, it’s simply a comparison between the  “normal”  33/3 = 11% per trade risk level, and 25/5 = 5% risk level per trade- so the lot sizes are proportionally scaled .        OK, I intend to do approximately 20 trades per month  (this varies DRAMATICALLY - the last 3 weeks were 2 trades for 95% gain, before that 26 - I think - for 180%).       As the 180% is the best so far,   and we are trading at 0.444 times that   (5/11)   gains would be proportianately lower     about   70% or so for the month.       Don’t you love the power of compounding !  - I sure do,   imagine a gain of 5% per month,    5×12= 72% per annum, but compounded = 80%  -  a creditable gain of 8%

    3.     See answer 2 about the  trades taken at the  WORST possible time,  no stops are used, you could if you wish, but I never have.    If concerned drop the % risk to  15/5 or 10/5     (3% or 2% per trade)
    or even lower if you wish.

    I should be able to post some piccies, I should be able to capture them on my home pc after I get home from work.  

    Older macs can use softpc  or similar to run windows and the MT4 (which I think is Windows only)
    newer macs are Intel based and can use  boot-camp to allow them to run windows and MT4- another solution is a windows based  VPS (virtual private server).       there may be other solutions to this I am unaware off to0 ,

    At this point  trade is up  9% approx  - sorry couldn’t post last night due to adware rubbish, all fixed now.
    in at  e/u = 1.29326  and 1.29249   u/chf = 1.16936 and  1.16903  - this was due to a double bottom forming, so I took the 2nd trade.

  3. admin
    Apr 25, 2009
    Reply

    Thanks Perrie for clarifying the above. Best to your trading this week! 


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