Just a quick note...

I did set up a new blog. That didn't last long. So, I'm back here. I'm still working on my manual trading strategy. Will update at some point in time.

Update: Set up another new blog which you can locate here for further updates:

 

 https://goferret.site/blog.php?n=1

Catch Up Log V

I didn't keep a trading log for the past 3 years. 

I experimented with numerous trading strategies and utilised numerous trading bots during the course of that time. Some were very successful others not so. I quickly eradicated the unsuccessful bots. 

During the course of these experimentations my money balance has rapidly increased, decreased and increased. In essence, I currently employ 12 bots over 3 accounts.

However, the reason for resurrecting this log has nothing to do with bots. Instead, I'm going to regress and go back to manual trading using a particular trading strategy. 

I, therefore, need to keep a log to aid in the rules I've been following.

I'm not the slightest bit interested in predicting market direction only in applying my particular manual trading strategy. If the market turns against me and I stuck to my trading strategy rules I will count that as a successful trade.

I set myself a target to make 400 pips a month. My trading plan is geared towards attaining that target.

What follows from here on will be based on a unique particular manual trading strategy, on how that plan works out, and keeping a trading log  based on that strategy.

I might code this into a bot long term; if it proves successful. 

 

I'm moving over to https://fxlog.mooo.com. I might make the occasional weekend post here. Not as detailed.

Catch Up Log IV

I've put the PoC Team in stasis since July. Overall they worked really well. However, I noticed that they had limitations. The experiment was successful, despite the limitations.

I will be moving my FX logs over to https://fxlog.mooo.com. It's more private and not to much in the public eye.

Think I will at some point take the PoC team out of stasis. This experiment has ended.

Thank you for reading this log.

PoC Team Reasserts.

06:46 The PoC Team traded out the error from last night and ended up overall. It executed 6 trades consisting of 4 wins, 1 loss and 1 scratch. My only trade closed at a win also offsetting the error trade by 2/3rds.

06:50 I can now continue on from last Friday, going forwards, with the algorithms.

Catch Up Log III

22.22 Made an error on Monday 24:01 which adversely affected the PoC Teams parameters. This was costly and the risk was magnified. By Monday 08:00 I was down heavily. Traded back the losses by 16:00 on Wednesday. Numerous trades were put on.

22:25 Again the same error occurred, tonight, as I carelessly didn't reset the algorithms to the new parameters. This was most likely due to being distracted by conversations which affected focus. Discovered in time and closed at a small loss. I was hoping to continue where I left off from last Friday. This is not to be and now I'm back to trading out that small loss. However, now that the new parameters are set the PoC Team is back in play. The only difference is that I will be trading along with the PoC Team.

22:30 The lesson here is to check the algorithms have been reset and not defaulted back to old parameters.

22:34 Although, during this period, the winning trades were more than the losing trades, those losing trade were larger due to the erroneous parameters in the algorithm. I traded back the losses by taking smaller wins. During this time there was: 21 wins, 6 losses and 3 scratches. I've yet to see erroneous parameters produce large wins. It just so happens that they produce a loss.

Catch Up Log II

22:05 PoC team did 12 trades from 29th to 30th. 7 wins, 3 losses, 2 scratches. Nothing further to add. No new adjustments to parameters have been made.

Catch Up Log I

16:10 Over the past two trading days 7 overnight trades were executed by the PoC team consisting of: 4 wins, 1 scratch and 2 losses. No other trades have taken place. I adjusted the PoC team parameters before switching them on.

16:12 I'm still very much in a trading break frame of mind. Other non trading matters have caught up with me, so I don't expect to be doing anything until at least Tuesday next week during the London and New York open times.