onemove

Thank you for your kind words. As for the methodology, I am following the idea from Optiontimer's thread http://www.traderslaboratory.com/forums/trading-psychology/10158-optiontimers-project.html to trade in the direction of the main move when it is ready. I set up the simple chart in oanda, then in the evening scroll through the pairs searching for the ones that are ready for a trade. If you recall earlier in the thread i asked why Optiontimer selected EJ and not the others. I experimented by entering trades in EU, EJ, CJ, UJ (actually GU also looked ready, but it was hard for me to enter EU and GU in the opposite direction - something to be worked on). After a few days the results of the trades were EU +1.37% EJ +2.31% GJ +1.37% UJ +0.90% The next time the signals were ready, I entered heavily on the ones that perform the best. In this case it was EJ. I entered EJ heavily and pressed it by entering more positions when it went my direction (I call it my snowball trade). Strange that EJ was outperforming GJ. I tried entering some exotic pairs and those pairs with XAU and XAG also, but I find that the instruments that do not show a definite sustained direction were not performing as well. Ofcourse this was just a very small sample and need further study. I was very lucky to catch a wave when the position was so large. I am still having trouble with the stop placement, especially when the position gets to be so large. In order to have the stop <1% the positions should have been much smaller. But that would also hinder the idea of pressing while the directional energy was active. Does anyone know how to resolve that?

Yes, Mysticforex, Thank you so much for your efforts in keeping the contest going! I also lean towards the 2-months time period, but would like to see some max draw down requirement to keep us in check. For a long time I did not understand the concept of a max draw down, which meant that I was using the entire account balance as a max draw down which is scary to even think about. It is akin to driving without a brake. I knew how to step on the gas, but not having a break means eventually crashing. That really hurts. Thus I vote for having a max draw down in keeping with reality. On the other hand if we are just doing it for fun, with no bearing to reality, a max draw down will not be necessary. Optiontimer is such an amazing trader!! Any trader knows that it is much harder to go into a deep draw down and then having to pull oneself out of one with a much smaller balance to start with. So in my mind Optiontimer has surpassed all of us thus far. My development in the current contest is due to Optiontimer's Project thread and the wonderful sharing on this board. Thank you Optiontimer!!

Mysticforex, Positive energies to your wife and wishing her full recovery soon!! Looking forward to another contest when you get back - I am enjoying the learning process.

WOW Optiontimer, that is an amazing performance!!! Please - will you share where you added to your position? What is the best way to exit such a compounded position?

Dear OT: Will you elaborate a bit more about this pair selection? for example, what make this pair a better selection than eurusd, usdjpy, or gbpjpy and other jpy pairs at that point. Thank you. Will you share your exit strategies for the position(s) after adding on to them? In the past I have added on with mixed results, meaning mostly I add on just before the market goes fast against me causing loss of open profits at a greater rate than they were accumulated. I am trying to figure out how to add appropriately as I understand that when the market is moving it is our duty to press the issue. Thank you so much for your generous sharing!

Ohh Dear Optiontimer, I am so disappointed for you. Shows that market is ready to take it back any time there is any opportunity - even from the best of us. I would still very much like to find out how a +40% is achieved within such a short time. It is an Amazing accomplishment! Thank you Optiontimer for your generous sharing. I agree with Ingot. The contest is only at midpoint.

Wishing Everyone a Very Happy and Prosperous New Year!

Hello TTony, I was going to asked whether you had reviewed the trades and identified the issues, when I saw that the trades you do have are working really well! Well done!

Comparison mt4 and oanda

Ah, I see that Oanda has a lot more pairs than the mt4 I was using for charting. Slight differences also in price bar and indicator configuration. I found these that I missed last week GBPNZD, NZDCAD, NZDUSD, USDNOK, USDTRY.

Optiontimer, will you share which pairs you have seen trades in please? I have been scrolling through the pairs down the list and have not seen any yet that meet criteria for entry, obviously I must be missing something. Thank you!

Kuokam, which pairs were you trading? And how long are your hold times?

WOW, Kuokam, Congratulations! What an inspiring performance! Optiontimer, Congratulations! Thank you so much for sharing your tools! Mysticforex, Thank you for keeping us informed. Ingot, please post your progress in the discussion thread so we are able to follow also - the party room has expanded

Thank you Mysticfx for putting the contest together. Thank you Optiontimer for the link to your thread and Kroll's book.