I think I have finished the new spreadsheet. There may be a few little bugs in it, but they will be repaired after the forward test begins. Not sure, about the acceleration formula, its tough to visualize... The O/H/L/C for the three sessions are included with a one hour overlap. I will record the data and the levels can be observed, perhaps some insight will be provided to figure out what can be done with it, if anything, ok? This would be something that will be built up during the forward testing in this Journal, as I do not believe anybody has packaged this data yet... So to reiterate: Floating increment calculator. Variable trade ticket calculator. MAE/MFE Study. Pivot point calculator with an offset (Elitetraders use the Pivot as a band not a precise level). Six Currency REAL Trading, with capital easily transfered, recorded and calculated between them without new capsules being necessary (This balancing can be daily, pay attention). Parity Graph Effectiveness Graph (very important) Payday Register. (this is real from my account, since the first day I traded Forex) Michael B. P.S. The simple formula's are all intact...Have Fun
Now for those of you that are not conviced yet. How high do you think the Gambling meter is set? Ok.....Lets forward test and dial it in.....(now remember I am a conservative trader looking for only 25% APR and payment for the labor. You can trade this the way that fits YOU). Now if your a gambler crank it up! You will gain very quickly faster than your unrealized! But every rose has its thorns.... For those of you reading this Journal. Trading and Patience go hand in hand. There is no hoping! I am waiting to get out of the EUR/USD and USD/CHF combo which shall be shortly (remember the Friday's spreadsheet has those horrible wide weekend spreads included in the parity). You have the concept and the spreadsheet, go ahead, as I could be in my current combo for one day or one year....(if you ever get anxious feelings, take the day off. Words of Wisdom, believe me I know). Good Trading to all of you Marvelous Traders. Michael B.
You know, You can add all sorts of little things to a spreadsheet that automatically calculates stuff. For instance, to drive home your goals, that you record in your trade Journal, you can add a little box calculating APR and how much you are making per hour... I did that... Look at the addition to the spreadsheetat in this attachement... Michael B. P.S. I plugged in my next withdrawel, that I have not taken yet. I am using a small stake, so I do not expect labor to be much...but maintaining that 25% could be interesting. P.S.S. Later, I will add conditional formatting to automatically highlight the highs in the cells...instead of doing it manuelly ...I gotta go...Yyesssss honey...I''''mmm cominggg.
One more thing, If he EUR/USD continues falling..this will give me an opportunity to just take off one side of the combo (USD/CHF), as there will be no open orders left (only five of them now, 9,980 units..its when I had bigger trades on a month ago) This would allow me to start trading the new system with more currencies while at the same time rendering the transition painless. What do you folks think? The EUR/USD will be a little loppsided, and I have not figured out if that is good or bad...I find loppsided teeter totters interesting... Michael B.
once you start remove hedges, or rebalancing the hedges in favor of a direction, then you may as well as just trade normally with lower leverage (pick a direction) its the same thing isn't it? just without the cost of the spread in both directions
I would immediately be replacing the USD/CHF with the shorts on the EUR/USD. I am just waiting for the best time, to get into the new spreadsheet...no direction picking here. I just hate to pull that much cash into the EUR/USD pair compared to the other two pair in the new system...So the other choices are to just take the loss to get into the new system...or wait for stronger pairity and bite the bullet later. or put more cash into the forward test to make the three pair equally weighted in System #1 (but it would be a combined total where System #1 > System #2). I could also wait for System #2 to come back and get it flat, then when I go over to the new spreadsheet, use that cash...and put less into System #2. (I would like to maintain 2k in the cash account, eventually it will be increased to more, to keep the gambling meter at bay). Ideally, the mix of accounts should be 1:1 in the two systems and and 1:1 with cash for each system. So for example: 2k System #1 4k Cash 2k System #2 This mix while maintaining between a 30-40% unrealized will be sought after and balanced to maintain that. Michael B. P.S. This transition out of the EUR/USD-USD/CHF combo, proves to be rather challenging. I should have never started with this combo in the first place, as I would rather have "Perfect" hedges. I wanted to avoid all those subaccounts, but that was just laziness as I was able to figure out how to construct a spreadsheet, pulling the accounts together to give me the levels I needed. P.S.S. This system is really not a system of hedges...as they are one sided. They just enable profiting in either direction, with multiple sliding scales and "Hedge Fund type treatment" with a "sidekick of a system", for positive carry trading.