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EurUsd, Dow, Gold - two times a day
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EurUsd, Dow, Gold - two times a day

  #11 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

current position:

short DOW @ 17030 stop@ 17010
long GOLD @ 1081.80 stop@ 1085.70 take profit @1102.45

orders:

06/01/16 11:00 PM DOW long@ 17010 stop@ 16812
06/01/16 11:00 PM EURUSD sell@ 1.0715 stop@ 1.0800

DOW is taken as CFD on IB
EURUSD taken on IDEALPRO on IB

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  #12 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

current position:
on this Action point
short DOW @ 17030 stop@ 17010 should be CLOSED @ 16527 +3.78R/ but actually closed @16630.52 +2.54R
long GOLD @ 1081.80 stop@ 1085.70 take profit @1102.45 should be CLOSED @1102.45 +2.94R/ but actually closed @1097.88 +2.32R

IT seems that my profit order and stop order vanish on IB..they are placed as GTC, but this morning they were not there
So, I exited at market both trades. Will not place new order until find out what happened with orders and how to solve that issue. Also, I am marking results in my database with ideal outcome (all setups recognized and taken and executed flawlessly), and actual results, so will continue marking orders and trades.

orders:

07/01/16 11:00 AM GC sell@ 1091.5 stop@ 1102.9



DOW is taken as CFD on IB
EURUSD is taken on IDEALPRO on IB
GC is taken as XAUUSD on IB

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  #13 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received


current position:
none

orders:
07/01/16 11:00 PM EU sell@ 1.0826 stop@ 1.0941

07/01/16 11:00 AM GC sell@ 1091.5 stop@ 1102.9 - canceled



P.S. orders vanishing on IB is still under investigation, might be conflict between IB and SierraChart

DOW is taken as CFD on IB
EURUSD is taken on IDEALPRO on IB
GC is taken as XAUUSD on IB

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  #14 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

current position:
none

orders:

08/01/16 11:00 AM EU sell@ 1.0854 stop@ 1.0935 - if entered (and not stopped out) should be closed at close today




P.S. regarding orders, it seems solved now. SierraChart has setting to have child orders setup to have different time in force than parent order. And on IB it was showing all as GTC orders. It was my fault not checking all on Sim account first, then going live. Good part is that I started trading with half of usual size.

DOW is taken as CFD on IB
EURUSD is taken on IDEALPRO on IB
GC is taken as XAUUSD on IB

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  #15 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

current position:
08/01/16 11:00 AM EU short @ 1.0852
exit at this Action point @ 1.09255 -0,92R

orders:

none

During weekend I will make weekly review.

DOW is taken as CFD on IB
EURUSD is taken on IDEALPRO on IB
GC is taken as XAUUSD on IB

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  #16 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

Some more detail on my approach.

LSR (LifeStyle Ruleset) background

This is based on a little known book “Listen to the Market” by Ivan Krastins that was published by McGraw-Hill Australia some 25 years ago (now out of print). This book went on to become a prescribed text in some universities is South East Asia. I studied under his wing for the last couple of years and I have created a number of Rule-Based Techniques (RBTs).

One of my challenges has been to create a RBT that suits both my lifestyle and my goals. This has been a real work in progress from my side.

LSR approach

I apply 9 core setups plus three variations to Dow (CDF), EurUsd (FX) and Gold (Spot). These instruments allow me to incrementally adjust my position sizes to harness the power of compounding.

Position sizes are based on the concept of R where each trade risks 1% of the account balance. The difference between the Entry and Stop Loss levels allows me to calculate the points at risk for each trade.

I look at the markets at 11 am and 11 pm CET (my Action Points) for my setups on both Daily and 12 hour charts. This takes me about 5 minutes of works at each Action Point. The trades are managed on the same basis and I do not check the markets in between.

To reduce the risk of nasty gaps no trades are kept open over a weekend or holidays.


Here below are charts of my results with short description.
I plan to add some more details later on trough this Journal.

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Here we have distribution of wins and losses in R. I follow 2 kinds of results. One shown here is when system is perfectly executed. I call that Yardstick. Other is what happened actually, and I call it Actual.
Last four trades are taken and also published in this Journal, results before were taken as perfectly executed.
Results included here are starting from Dec 21st 2015.

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Here is Equity curve in R for Yardstick.

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Here is distribution of wins and losses for Actual.

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Here is equity curve for Actual.

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And finally here we have some stats, for Yardstick and Actual. Stats are showing for all campaigns taken.

My plan is to produce this kind of weekly report every weekend. And later, maybe quarterly, or after first 6 months, to make same report for each market I traded.

Last week results comment

So, last week we had 4 campaigns, and 3 of those were wins and 1 non win.
Yardstick result of those 4 campaigns was +8,39R and Actual was +6,36R.

Difference is about 2R less on Actual, mainly because orders were not filled (issues with vanishing orders - now identified and solved), also difference happened because some campaigns were exited at market instead at Action point (AP).
It maybe looks 2R is not big issue, but in percentage that is about 23% less, and that is not acceptable.

As this was my first week, I allowed myself a bit of luxury to look at markets before AP, and basically plan is not to check market until 10 minutes before AP.

I did a bit of shoot first, then ask questions with exiting those campaigns before AP because my stop orders were not where they should be. So, this is my fault also, as I could check and replace those stop orders.

Issues with orders is showing how more technology means more possible weak links. So, I will use SieraChart to place orders for another week, and if issues of any kind arise I will place orders on IB only.

Also, first week was traded with reduced R, and when I am sure all is going smoothly I will increase bet size to 1% (orders was one of unplanned issues).

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  #17 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

11PM

Current position

EU long @ - STOP @ -
EU short @ - STOP @ -
DOW long @ - STOP @ -
DOW short @ - STOP @ -
GOLD long @ - STOP @ -
GOLD short @ - STOP @ -

Orders

EU BUY @ 1.0923 STOP @ 1.0803
EU SELL @ 1.0803 STOP @ 1.0923

DOW BUY @ no order STOP @ no order
DOW SELL @ no order STOP @ no order

GOLD BUY @ 1105.7 STOP @ 1092.39
GOLD SELL @ 1092.39 STOP @ 1105.7

* DOW is taken as CFD on IB
* EURUSD is taken on IDEALPRO on IB
* GC is taken as XAUUSD on IB

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  #18 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

Current position

EU long @ 1.0932 STOP @ 1.0803
EU short @ - STOP @ -
DOW long @ - STOP @ -
DOW short @ - STOP @ -
GOLD long @ 1105.89 STOP @ 1092.39
GOLD short @ - STOP @ -

Orders

EU BUY @ no order STOP @ no order
EU SELL @ 1.0872 STOP @ 1.0971

DOW BUY @ no order STOP @ no order
DOW SELL @ no order STOP @ no order

GOLD BUY @ no order STOP @ no order
GOLD SELL @ 1099.14 STOP @ 1108.66

!!ORDERS VALID TILL NEXT AP-IF NOT FILLED THEN CANCELLED AT NEXT AP!!

* DOW is taken as CFD on IB
* EURUSD is taken on IDEALPRO on IB
* GC is taken as XAUUSD on IB


Last edited by Caerus; January 11th, 2016 at 05:12 AM.
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  #19 (permalink)
Trading Apprentice
Zagreb Croatia
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: CL GC Currency Futures
 
Posts: 45 since Jan 2016
Thanks: 15 given, 33 received

Current position

EU long @ 1.0932 STOP @ 1.0803
EU short @ 1.0871 STOP @ 1.0971
DOW long @ - STOP @ -
DOW short @ - STOP @ -
GOLD long @ 1105.89 STOP @ 1092.39
GOLD short @ 1099.02 STOP @ 1108.66

Orders

EU BUY @ no order STOP @ no order
EU SELL @ no order STOP @ no order

DOW BUY @ 16464 STOP @ 16231
DOW SELL @ no order STOP @ no order

GOLD BUY @ no order STOP @ no order
GOLD SELL @ no order STOP @ no order

!!ORDERS VALID TILL NEXT AP-IF NOT FILLED THEN CANCELLED AT NEXT AP!!

* DOW is taken as CFD on IB
* EURUSD is taken on IDEALPRO on IB
* GC is taken as XAUUSD on IB

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  #20 (permalink)
Elite Member
columbia, sc
 
Futures Experience: Beginner
Platform: tradestation
Favorite Futures: futures
 
davedog's Avatar
 
Posts: 18 since Nov 2013
Thanks: 602 given, 5 received

positions??



Caerus View Post
Current position

EU long @ 1.0932 STOP @ 1.0803
EU short @ 1.0871 STOP @ 1.0971
DOW long @ - STOP @ -
DOW short @ - STOP @ -
GOLD long @ 1105.89 STOP @ 1092.39
GOLD short @ 1099.02 STOP @ 1108.66

Orders

EU BUY @ no order STOP @ no order
EU SELL @ no order STOP @ no order

DOW BUY @ 16464 STOP @ 16231
DOW SELL @ no order STOP @ no order

GOLD BUY @ no order STOP @ no order
GOLD SELL @ no order STOP @ no order

!!ORDERS VALID TILL NEXT AP-IF NOT FILLED THEN CANCELLED AT NEXT AP!!

* DOW is taken as CFD on IB
* EURUSD is taken on IDEALPRO on IB
* GC is taken as XAUUSD on IB



I am confused, how are you long and short in both the EU and Gold?

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