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Squawk / 20 July 2016 at 16:03 GMT
Hypothesis Testing
United Kingdom
Hi Mike
I thought I would check on the usdcad strategy we mentioned a month ago ! (how time flies)
39 trades were opened...there were days when more than one trade occurred obviously.
36 were successful
Thus 36 x 5pips = 180pip gain
3 were duff trades totalling 58pips (average loss 19.33 pips per trade)
However one of those was due to a fat finger trade of my own making costing 25pips of the above losses :-(

Net return therefore is 180 - 58 = +122 banked and should have been 25pips higher LOL

In percentage terms this has probably been my worst monthly data set but gives you a one month rolling overview.
1y
Michael O'Neill Michael O'Neill
Hi fxtime: What a terrific yet so simple trading strategy. My performance wasn't even close to yours but thats because I didn't trade it very often . My new account will be ready tomorrow,. In my books, .0122 gain on a crummy month is a win, especailly since it is on the right side of the ledge.
1y
fxtime fxtime
Wow the new acct sorted that quickly !! You managed that far better than me :-)
1y
Michael O'Neill Michael O'Neill
LOL, you misunderstood me. I was commenting on YOUR performance. I traded 4 times and then started switching accounts.
1y
Emil Filip Emil Filip
any chance to re-post the strategy, please? I'm lost in how many you've posted lol
1y
marran marran
the usdcad seems to be by far the best pair to trade. I have tried eurgbp and usdgbp but poor results by comparison. However i think its worth you having a look at usdjpy i have been trading it this week with 100% success rate so far but i trade it at a different time im using the 9pm 10pm (UK time) bar as the reference bar. I have not back tested it but so far so good
1y
fxtime fxtime
eurgbp is illiquid in comparison to other pairings and is best traded via a ratio strategy which I posted yesterday...link attached. It can be made into an automated trade if you want as the full 6 line programme values are given.
https://www.tradingfloor.com/posts/may-the-force-be-with-your-algo-7928840
The cable can be very successfully traded using the strategy as the USDCAD ....however you must change the time fixing point to 9am - 10am BST and then you will find enhanced returns.
USDJPY has two time frame references...one has just gone and acrued +38pips so far :-) The other is the same as the loon.
Hope this helps?
1y
fxtime fxtime
Emil....try this link as it seems to have the trade strategy....the commentary gives the most info. Amazingly I cannot find the first post for this strategy as it has been chance comments I made throughout the month about usdcad and probability....any problems/explanations needed just ask.....I suspect Mike O'neill and Marran are just as familiar with the trade as I am LOL.

https://www.tradingfloor.com/posts/update-on-usdcad-trade-suggested-yesterdaynot-a-great-success-as-only-25-was-banked-i-will-loo-7880648
1y
marran marran
i have dropped the eurgbp from my test and added an extra USDJPY and changed time reference on the cable. so lets see how we rock now!
1y
fxtime fxtime
Marran use the 9 - 10am time frame for the eurusd too....+5 would have been made today :-)
1y
marran marran
what was the other bar you use for jpyusd? not the usdcad one
1y
fxtime fxtime
a 30min....9 - 9:30am BST !
1y
fxtime fxtime
The 9-9:30am range usually is a slower trade yet today it was great :-)
1y
marran marran
thanks

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