I think I'd say the 3 main key performance indicators of my success or failure are simply
1) The pip count from the last 100 trades in chunks of 20 entries
2) The accumulated profits/losses in your currency from the last 100 trades
3) The involvement of time in those 2 measurements, eg the the growth that happens in say 5 days, which in my latest case involved about 120 trade entries
Currently I am not seeking the exponential roll up which should occur if I were to increase position size to maintain a given % risk per trade, I'll see how it goes more steadily while the particular broker is limiting me on Dax (he is restricting me to 10 pounds per pip per trade but doesn't seem to stop me opening multiple positions)
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I have put up these links to videos before but I recommend you should look at them again and again to underpin what the aims system is all about, based on the discoveries and early developments in Chaos trading by Bill Williams. The principles are timeless even if some of the material is quite old
Ray's amnesty page
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wiseambitions
- AIMSter
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Re: Ray's amnesty page
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Just a few attacks on a long which I probably did not deserve to win, but which gave me more than 3% with less than 1.5% total risk exposure
Cumulative net total for day 4.96% ROI PF 4.6 DD 1.32%
I have noticed execution of trades is much slower this morning, perhaps the market is not liquid, perhaps the broker is slowing me down or perhaps my IT is not up to speed today, or a combination of all 3. I have been able to count as much as 6 seconds between entering a PO or modifying a trade and receiving confirmation back.
Cumulative net total for day 4.96% ROI PF 4.6 DD 1.32%
I have noticed execution of trades is much slower this morning, perhaps the market is not liquid, perhaps the broker is slowing me down or perhaps my IT is not up to speed today, or a combination of all 3. I have been able to count as much as 6 seconds between entering a PO or modifying a trade and receiving confirmation back.
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Ray's amnesty page
Adding to your losers... fantastic! :-Bwiseambitions wrote:Just a few attacks on a long which I probably did not deserve to win, but which gave me more than 3% with less than 1.5% total risk exposure
Cumulative net total for day 4.96% ROI PF 4.6 DD 1.32%
I have noticed execution of trades is much slower this morning, perhaps the market is not liquid, perhaps the broker is slowing me down or perhaps my IT is not up to speed today, or a combination of all 3. I have been able to count as much as 6 seconds between entering a PO or modifying a trade and receiving confirmation back.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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wiseambitions
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Re: Ray's amnesty page
Yes I knew you would say that, but I had eye on purple line, signifying that for the moment the momentum on m5 was still upwards.... sometimes it works out ok and sometimes it doesnt, subject of course to keeping risk under control.......
I've had enough for today, 49 entries (usually at 0.25 to 0.5% risk each, although multiple attacks taken), ROI 9.7 PF 7.9 DD 1.32, they are sexy enough vital statistics to keep this show going. In ££ it's my best day in the last 10
I've had enough for today, 49 entries (usually at 0.25 to 0.5% risk each, although multiple attacks taken), ROI 9.7 PF 7.9 DD 1.32, they are sexy enough vital statistics to keep this show going. In ££ it's my best day in the last 10
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
23 wins and 7 losses today en route to 5.1% roll up.
Yet again one of my main failings which denies me better progress is getting out of winning trades too soon. Am I afraid profits will leak back to zero rather than giving good runs time to continue their trend?
728 net pips in the last 100 trades - 99 of such trades happened this week in the last 2 days
Yet again one of my main failings which denies me better progress is getting out of winning trades too soon. Am I afraid profits will leak back to zero rather than giving good runs time to continue their trend?
728 net pips in the last 100 trades - 99 of such trades happened this week in the last 2 days
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
I think I must attend to other work now so no more attempts at trading before NY even if I can do anything then.
121 trades already this week, call it over-trading if you will, but it is enforced on me somewhat by the main broker I'm currently using as he is restricting lot size on indices trading (as well as reducing the leverage to what now looks like 25:1).
I attach two charts, the green one is the equity growth so far this week, and is pleasingly positive. Indeed I keep having to use the word insane, the tools this system gives us are enough to operate a gold mine. Or perhaps we should see it as a money minting machine!
The blue one is a rolling average of the ££ net account growth per trade looking at the latest 100 trades. Although that again is positive, the warning it has given me is that my results have been declining. That means I'm getting less pounds and pence per winning trade on average than previously achieved either because I am getting more rent trades (I don't think there's a change there), or because I'm getting out too quick from winning trades before they run out of puff (and I think that's exactly where the problem lies). And the slight upturn at the end of the trade is the start of my attempts to correct that situation.
While I think it's a good idea to take 25 pips if the market spikes, we don't know whether that is indeed a spike which will come back to zero, or whether it's just the middle of a wave 3 or 5 which has more distance to go. Generally I get a better result if I wait for trades to get caught by the green line of alligator and should use that as a reliable exit point. Seeing I may have multiple trades for the same 'campaign' perhaps I would be better to close a few trades sequentially rather than all at once....... which is of course same as closing a part of a position at a given target point.
I'm talking to myself, however we often hear it said that the place to get out of trades is more important than the point to get in........
121 trades already this week, call it over-trading if you will, but it is enforced on me somewhat by the main broker I'm currently using as he is restricting lot size on indices trading (as well as reducing the leverage to what now looks like 25:1).
I attach two charts, the green one is the equity growth so far this week, and is pleasingly positive. Indeed I keep having to use the word insane, the tools this system gives us are enough to operate a gold mine. Or perhaps we should see it as a money minting machine!
The blue one is a rolling average of the ££ net account growth per trade looking at the latest 100 trades. Although that again is positive, the warning it has given me is that my results have been declining. That means I'm getting less pounds and pence per winning trade on average than previously achieved either because I am getting more rent trades (I don't think there's a change there), or because I'm getting out too quick from winning trades before they run out of puff (and I think that's exactly where the problem lies). And the slight upturn at the end of the trade is the start of my attempts to correct that situation.
While I think it's a good idea to take 25 pips if the market spikes, we don't know whether that is indeed a spike which will come back to zero, or whether it's just the middle of a wave 3 or 5 which has more distance to go. Generally I get a better result if I wait for trades to get caught by the green line of alligator and should use that as a reliable exit point. Seeing I may have multiple trades for the same 'campaign' perhaps I would be better to close a few trades sequentially rather than all at once....... which is of course same as closing a part of a position at a given target point.
I'm talking to myself, however we often hear it said that the place to get out of trades is more important than the point to get in........
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
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Re: Ray's amnesty page
Fantastic results Ray - would love to see some charts with the trades shown for an average morning as your results are something we would all like to emulate! :-bd
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Thanks Darren. I have deliberately turned off my terminal so that I am not tempted to partake any more as I have proven what a colleague of mine (who made £750,000 in one morning!.....yes he went off and bought a farm a few days later.........) told me, which is that trading acts like a drug........... I have other stuff to do which is like swallowing a frog and I've been trying to avoid doing it since Monday ! ! !Darren wrote:Fantastic results Ray - would love to see some charts with the trades shown for an average morning as your results are something we would all like to emulate! :-bd
However as an example of a good trade I remember just around 0830 BST seeing 3 fruit signals on m1 and taking a flyer on a long trade for Dax.... and I bailed out a moment or two before 0930 as UK red news was imminent........... With I guess 25 pips.
And as an example of a bad trade, I entered short around 7 30 to 740 and the rascal went up again within 5 minutes......... I really should NOT trade before LO
Cheers.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Updated chart showing return per trade from the running average of the previous 100 trades.
I talked about this one yesterday, and am pleased to notice some slight improvement after having been alerted to a declining trend. This is due to trying to get more pips out of profitable trades.
[center]"IF YOU CAN MEASURE IT YOU CAN MANAGE IT"[/center]
The 20 trades principle, advertised earlier this year by Immy, where the concept is to add up the pip production in the context of 20 trades, must be one of the most useful bits of guidance we've been given lately. My chart is just an extension of that principle.
I talked about this one yesterday, and am pleased to notice some slight improvement after having been alerted to a declining trend. This is due to trying to get more pips out of profitable trades.
[center]"IF YOU CAN MEASURE IT YOU CAN MANAGE IT"[/center]
The 20 trades principle, advertised earlier this year by Immy, where the concept is to add up the pip production in the context of 20 trades, must be one of the most useful bits of guidance we've been given lately. My chart is just an extension of that principle.
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 12
Re: Ray's amnesty page
Ray,
I haven't figured out yet how you're actually trading. Ok, your entries are mainly S1 and S2 on M1 and M5 in respect of breakouts of higher timeframes and you're literally attacking with entries. But what's your "trick" for your great profit rates, what's your exit rules? And as Darren already stated above, I really would love as well to see charts with trades on it to get a closer idea of your trading.
Great stuff!!!
Cheers ;-)
I haven't figured out yet how you're actually trading. Ok, your entries are mainly S1 and S2 on M1 and M5 in respect of breakouts of higher timeframes and you're literally attacking with entries. But what's your "trick" for your great profit rates, what's your exit rules? And as Darren already stated above, I really would love as well to see charts with trades on it to get a closer idea of your trading.
Great stuff!!!
Cheers ;-)
"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"