Thursday, January 04, 2007

a trial for a new system

hi all,

I am an amateur forex trader and have been trading for 3 years with some breaks (military duty and my main job requirements).

Now, as always recommended to traders, i will try to put my trading logs to check them later, to remember what I have done in past, what should I do in future.

As a beginning, I will post my experimental trading logs in demo accounts. These trades are ordered by a trading system which has been in development phase for some months. I have built 3-4 trading systems but none of them was as solid as expected.

My last system is mainly based on MACD indicator (with some assistance of course) and working on daily data. This system produces 3 kinds of trade order. I haven't given any name for them but for now lets say, entrepreneur, slow mover, top billing.

Each one has different attributes; triggers in different cases, ends in different cases.
According to my statistical works, in most of currency pairs, entrepreneur and top billing have lower risk/reward ratio. So as a beginning I will use them heavily, rather than slow mover.

I am trying this system for lots of pairs, but I see their reaction are very different for same parameters. Some of them are moving in one direction but with large pullbacks, some of them prefer to simply move in one direction generally. Furthermore, some of them is not even trend-friendly. (I am sure most of you know these very well, but I like to write my thoughts to see them later and say "do I really think in this way?, ouch!..")

So I treat them seperately, using (slightly or heavily) different approaches for every pair.
As a result, I use different kind of trade orders for different kind of pairs to get a good risk/reward ratio.

I will post them their current condition and will see what will happen..

Stay tuned..