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MYQ - Findex Trading - Chema01

Some_Ideas

Abandon a trade without ceasing trading

The best we can practice is how to lose without having an unpleasant feeling and without complaining too much.

If you want to have a long and profitable career as a trader, learn how to get out of a trade on time without abandoning trading forever (Rob Booker).

IMG_Gestion_UpTitWeek

From August 12, 2019 to August 18, 2019

FINDEX strategies…

Momentum total trades per week: 8
Reversion total trades per week: 0


3 Likes

I like your posts Chema01, they are very educational, keep them up!!!
I wish tons of pips for you!

I’ve been doing a bit of reading on ‘divergence’, and I noticed in this particular Darwin, if I am reading the divergence correctly, that investors are earning a slightly better return than the underlying trader/strategy.

Is it rare to see this?

You can setup a filter to find the answer without asking :no_mouth: and waiting for an answer
grafik

1 Like

Thank you very much for the encouragement Forexintradiadarwin, I keep trying every day to collect information that can be useful to other users of the forum. It is encouraging to see that it is appreciated :blush:

1 Like

Indeed Dingo34, you are right. The Darwin MYQ has historically had a positive divergence which, coupled with a very low VaR, makes investors more profitable than the underlying strategy when things go well.

On the negative side is that, in the case of bad results the opposite happens. Investors lose more than the trader’s strategy. In this sense, we always seek to cut losses as soon as possible so that investors are not harmed.

Some_Ideas

How to trade

There are a million different ways to make money in the financial markets. We just have to find one that works.

Basically there are three types of traders who approach the markets…

There are those who operate without any kind of strategy in an impulsive way, without discipline or structures. They enter as tourists a market full of thieves.

Then come those who agree with a strategy and have intermittent successes. They usually change strategies frequently. To this type of operators belongs the majority.

Finally there are those who represent the elite. They usually trade one setup and only one. They do it for years, taking money from the market with the regularity of a robot. What makes them so good is that they know their strategy in detail and detect when it works and when it does not. They know which products detect their pattern and which are failing. This knowledge does not come alone. It requires hours of observation and adjustment, as markets change all the time (Boris Schlossberg).

IMG_Gestion_DownTitWeek

From August 19, 2019 to August 25, 2019

FINDEX strategies…

Momentum total trades per week: 3
Reversion total trades per week: 0


4 Likes

Some_Ideas

The easiest way to make money is not to lose it

The process, not the yield, is the basis for good long-term results. In order for the process to be the right one, trading errors must be eliminated…

Not taking a trade when the system indicates it, entering late, not properly controlling the risk parameters, moving the stop loss, placing the profit stop in the wrong place, taking a position that has nothing to do with our system… We have all made one or more of these errors at some time.

The best way to be a consistent trader is not to be continually reconfiguring the parameters of our strategy, but to eliminate the trading errors we make (Boris Schlossberg).

__CashBis

From August 26, 2019 to September 1, 2019

FINDEX strategies…

Momentum total trades per week: 0
Reversion total trades per week: 0

3 Likes

TipsRecomendaciones2Tit

Situation analysis

On September 12, the FINDEX strategy became operational again, after the manager’s absence due to travel, and with some adjustments made.

Previously, FINDEX had three different entries. The first was a ‘market’ operation, which was carried out at the same time as the signals were given. The second and third were ‘pending’ trades, which were only executed if the price initially advanced in favour.

During the month of August it was observed that there was a certain asymmetry between the progress of positive and negative trades in the Darwin MYQ.

Once Darwinex was consulted, we discovered that the Risk Manager was making adjustments that were not reflected in the Risk Adjustment (Ra) chart that Darwinex claimed it was going to correct.


Graphic already corrected

The Risk Manager

What happened was that in the very positive positions, where the second and third trades were opened, the Risk Manager considered that it was trading with more risk than usual and closed trades. This obviously protected the Darwin in the event that the price went against it, but it did not transfer the full benefits of the underlying strategy to the Darwin MYQ.

Corrective Action

As a result, adjustments have been made so that all the operations carried out have the same weight. This means that the risk does not increase in the underlying strategy and that the Risk Manager does not have to act in the Darwin.

From now on only one trade per position will be opened, so there will never be simultaneous trades in each pair. This will lead to a more uniform risk in general.

In addition, very active management of open positions continues. The aim is to detect as soon as possible the moment in which the movement in favour loses strength and to also try to close quickly when the strength of the movement in favour of the counter increases.

IMG_Gestion_UpTitWeek

From September 9, 2019 to September 15, 2019

FINDEX strategies…

Momentum total trades per week: 3
Reversion total trades per week: 0


3 Likes

Some_Ideas

Gambling or strategy

Statistics may indicate that a sample of 100 or 200 test operations may be sufficient to predict whether a strategy is effective or not. However, when moving it to the real market a minimum of about 1000 trades is required to ensure that the results are not due to chance.

However, if you get good results with such a large sample you will not be able to put it into automatic and retire to live in Florida. The market is changing and you will always have to be vigilant to adapt your strategy to those changes.

Am I playing when I trade? The answer is NO. I am dedicated to researching strategies, testing them and systematically applying them with absolute rigor. That’s the difference between the impulsive operator and the systematic operator. That’s the difference between the game and the technique (Boris Schlossberg).

IMG_Gestion_UpTitWeek

From September 16, 2019 to September 22, 2019

FINDEX strategies…

Momentum total trades per week: 7
Reversion total trades per week: 0


3 Likes

Some_Ideas

Which are better: The technical arguments or the fundamental ones?

How many failed shoulder-head-shoulder, how many false breaks of trend lines or ranges, how many Fibonacci regressions surpassed… And if Elliot Wave were so reliable, show me a single operator who places a million dollar order in the market following this single argument.

Technical arguments are no more reliable than astrology’s ability to predict certain events. But fundamentals are no better. The reason both disciplines fail so miserably is because context is everything.

Investments are not something logical, rather they are something psychological. Once you understand this then you are in a position to make much more intelligent decisions.

Taken together, the technical and fundamental arguments become a magical combination. Together they provide the best value argument: The Context (Boris Schlossberg).

IMG_Gestion_UpTitWeek

From September 23, 2019 to September 29, 2019

FINDEX strategies…

Momentum total trades per week: 7
Reversion total trades per week: 0


2 Likes

Some_Ideas

Latest operations

The average trader lives or dies emotionally according to the results of his most recent operations. However, we need a systematic approach, one that does not take any random variables into consideration.

This means that we have to extend our definition of success or failure from the typical trader’s limited trade-by-trade perspective to a sample size of 20 trades or more (Mark Douglas).

IMG_Gestion_UpTitWeek

From September 30, 2019 to October 6, 2019

FINDEX strategies…

Momentum total trades per week: 8
Reversion total trades per week: 0


3 Likes

Some_Ideas

Trading simple

Make things easy. If you want your trading to become a means of earning income for you, find something that is easy for you to do. Once you find it, repeat it over and over again…

I could spend a year or more doing exactly the same thing. It may take you that long, or longer, to feel that it has perfectly matched your trading strategy (Rob Booker).

IMG_Gestion_UpTitWeek

From October 7, 2019 to October 13, 2019

FINDEX strategies…

Momentum total trades per week: 9
Reversion total trades per week: 0


4 Likes

Some_Ideas

Stop reading books about trading

Trading books are good for one thing: Convincing new traders that they have no idea and that they are a little silly. You don’t really need to read most of them, except for a few exceptions.

Focus on psychology, rational thinking, being happy and living experiences…

Once you choose a good strategy, you shouldn’t need to learn new ones. You need to be at peace with yourself, you need to adapt to your own trading style and let progress come by itself.

Start trading in real: finish testing everything now and dare to start operating with really small quantities. Open a trading account and start trading in real as soon as possible (Rob Booker).

IMG_Gestion_DownTitWeek

From October 14, 2019 to October 20, 2019

FINDEX strategies…

Momentum total trades per week: 13
Reversion total trades per week: 0


2 Likes

Some_Ideas

Sometimes we think trading is simple

It’s dirty, though, really dirty. It is full of losing spells, fear and other really hard experiences. The profits come one day with ease, but the next it seems that no operation will be a winner.

As soon as we learn how everything works, we realize that we don’t know much. We let profits turn into losses. We also allow losses to slide to unsuspected limits.

But what really works is this… Despite everything, we accept failures because we know we are not perfect and maintain a clear determination to succeed (Rob Booker).

IMG_Gestion_UpTitWeek

From October 21, 2019 to October 27, 2019

FINDEX strategies…

Momentum total trades per week: 4
Reversion total trades per week: 0


3 Likes

Just wanted to “ping” and confirm what I said more than one year ago.
Keep on with disciplined trading!

1 Like

Thank you very much for your comment. I keep working every day, faithful to the system, to improve :blush:

3 Likes

Some_Ideas

The only thing we really control

When we trade, no one but ourselves will force us to decide the risk we want to take.

In fact, we have an unlimited environment, where virtually anything can happen at any time and where only regular winners define their risk before opening a position.

Defining risk beforehand presupposes that we accept that each trade has a random exit, which means that it could be a loser (Mark Douglas).

__CashBis

From October 28, 2019 to November 3, 2019

FINDEX strategies…

Momentum total trades per week: 0
Reversion total trades per week: 0


3 Likes

Some_Ideas

Rules and discipline

Attitude usually produces better results than analysis or technique. Naturally the ideal is to have both, but you don’t really need both. If you have the right attitude then everything else will be relatively easy.

The real reason that attracts us to trading in the first place is identical to the reason that prevents us from defining the rules and limits that can guide our behaviour properly.

Everything happens as if we had found a utopia in which freedom was total, and at that moment someone gave us a tap on the back and said: Hey, you have to create rules and not only that but you must have the discipline to follow them (Mark Douglas).

IMG_Gestion_DownTitWeek

From November 4, 2019 to November 10, 2019

FINDEX strategies…

Momentum total trades per week: 8
Reversion total trades per week: 0


4 Likes

Some_Ideas

Operate with little leverage

Trading is basically 99% of the time boring and 1% action. That’s what makes it so dangerous.

We are not perfect beings. We have a hard time sitting around doing nothing until our setup takes place. We are intraday traders and we like to stay in action, which leads us to trade impulsively.

There is a way to protect ourselves: Trade 0.01 lots.

Experiment with really small amounts. You can do as many stupid trades as you want, keep them open forever or open fifty positions a day. But try trading with 0.01 lots. Always, have the capital you have.

This little trick will help you learn to survive. You won’t need to be disciplined. That way you’ll trade for pleasure, not money. The key will be to operate in such a way that capital is not affected and learning will come. (Boris Schlossberg).

IMG_Gestion_DownTitWeek

From November 11, 2019 to November 17, 2019

FINDEX strategies…

Momentum total trades per week: 11
Reversion total trades per week: 0


3 Likes