CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. -- % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MYQ - Findex Trading - Chema01

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

Some_Ideas

Ignore Money - Simply Get Rich

The best traders have the ability, almost ethereal, to separate their investment decisions from their profit and loss expectations.

This is a simple trick… Forget the potential results in the form of money and just focus on how many points you can get on each trade. Your trading will improve and so will your anxiety level.

The future is never the same as the past. Our backtests can fool us. The only truly valid rule to keep us alive is to control risk (Boris Schlossberg).

You have at your fingertips the best hedging operation there is in the market, it is accessible to everyone: Reduce the size of your positions and avoid trading like a drunk monkey (Rob Booker).

IMG_Gestion_UpTitWeek

From November 18, 2019 to November 24, 2019

FINDEX strategies…

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


3 Likes

Some_Ideas

We are traders

And that is why we know that our true working tool is neither the pen, nor the sword, nor even a computer or a delivery van. Our real tool is the trading account. That money we have to trade, risk and bet on every trade.

Without that money, we are out of the game.

That’s why we pamper our account with obsessive capital management, which makes us win little when we win, but makes us lose much less when we lose. So, when statistics show us their worst face, we can endure the worst of the negative spells (Uxío Fraga).

The end of the year is coming

The end of this difficult year is coming and, with a month to go, I make the following considerations my own…

‘The fundamentals of the positive expectations are: rigorous risk management, perseverance, consistency and patience.

The fundamental principles of the trading strategy remain almost unchanged. However, I am changing and improving some filters based on my experience to improve consistency in changing markets.

Analysis of past trades and possible mistakes is also important’ (High Five).

IMG_Gestion_DownTitWeek

From November 25, 2019 to December 1, 2019

FINDEX strategies…

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


2 Likes

The most valuable advice on life are used to be given by our parents, grandparents or elders. Usually when we are young, we tend to think we know more than them, we think their ideas are out of date and obsolete.

Many years later, most of us realize that mankind and principles never change.

It happens the same in trading, we hear a thousand of times how important some principles are, but we are more worried to find the holygrail or shorcuts…

Trading is a business, and as any business we need to be strong on the basics, rigorous risk management, perseverance, consistency and patience, these are not only needed, these are VITAL.

Af course we need an edge, and strategy that works, but this is only the first step, and nothing else than that.

Cheers

5 Likes

Some_Ideas

Prepared for trading

Being prepared for trading means operate without having to prove anything. Don’t try to win or avoid losses. Don’t try to recover money or retaliate against the market.

To be prepared means to reach the market with no other purpose than to let it evolve in the way it chooses and to be in the best state of mind to recognize and take advantage of the opportunities it presents (Mark Douglas).

IMG_Gestion_UpTitWeek

From December 2, 2019 to December 8, 2019

FINDEX strategies…

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


2 Likes

Some_Ideas

Sensations

Trading by definition is uncomfortable. Risks are taken with uncertain results on each occasion. It is not relevant how many times the input setup has worked in the past. The memory of the market is limited and the future result does not have to square with the past. Every operation is pressure and stress.

Many gurus will try to convince you that trading is easy and relaxing. My experience of the last ten years does not indicate the same thing.

Trading can be exciting or addictive, but it will never be like floating in the Miami Beach ocean or having an espresso in a French café.

Trading always requires concentration and effort, which is your most precious capital. Not Money (Boris Schlossberg).

The new Match Ratio

The Findex strategy includes a new ratio that measures market efficiency.

It checks which pairs of work are advancing, during the last twelve hours, as indicated by the relative strength of their currencies.

The result is given as a percentage of coincidences in relation to the total number of pairs analysed. It indicates whether the percentage is high enough to infer that the market is behaving according to the system or not.

This signal potentially predicts whether new entries will have a greater chance of success or not, in order to enter the market or be kept waiting.

From December 9, 2019 to December 15, 2019

FINDEX strategies…

Momentum total trades per week: 1
Reversion total trades per week: 0


3 Likes

___SantaClaus02

What is trading?

If you asked me to distill trading in the simplest way I would tell you that it is a game of chance in which sequences are recognized.

We use market analysis to identify those sequences. We define the risk beforehand and determine when to reap profits. The way to act as a trader is to gain confidence in your self, execute a system perfectly and think in terms of probability (Mark Douglas).

Follow some patterns

For me, the biggest difference in my operative came when I learned to ignore my brain and concentrated on a handful of good patterns. Once I learned the patterns, the next challenge was to have the discipline to follow them the same way each and every time.

I like to enter a position, set my parameters and then focus on other things. Let the parameters take care of the position. This is much better because it removes human emotion from the equation.

On the other hand, professional traders risk a small amount on each trade. Hobbyists usually risk a large amount of their capital on a trade. This type of situation creates emotions that ruin amateur accounts (John F. Carter).

__CashBis

From December 16, 2019 to December 22, 2019

FINDEX strategies…

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


3 Likes

¨Everything you need to know is right there in front of you¨ Jesse Livermore¨

Merry Christmas!!!

2 Likes