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Consistent Alpha * Long Term Trading

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  • AlphaTrader
    replied
    Originally posted by Gunther View Post
    Dame 16% hit in 4 days. Not good

    Upwards from here hopefully.
    Hi Gunther,

    Keep in mind that there could be another 4 losing streaks coming. The probability will not simply turn into our favor just because we have a few losers in a row. Whether we've 2 losses in a row or 10 losses in a row, the probability of the next trade is still the same. Although I've wrote about risk management & drawdowns in the first post and in ST signal information page, I think some copiers still do not quite get it yet. I'll dedicate another post regarding these when I get some free time soon.


    Tony

    Leave a comment:


  • Gunther
    replied
    Dame 16% hit in 4 days. Not good

    Upwards from here hopefully.

    Leave a comment:


  • AlphaTrader
    replied
    Originally posted by Anton123 View Post
    Hello, Tony,
    is this normal that the TP for this trade had been moved to breakeven? Thanks.
    Hi yes, it's normal as I'm taking on EUR/JPY.

    Leave a comment:


  • Anton123
    replied
    Originally posted by AlphaTrader View Post
    Hopefully the CAD/JPY trade will turn around although it does not looks promising at the moment It's a false breakout trade.
    Tony
    Hello, Tony,
    is this normal that the TP for this trade had been moved to breakeven? Thanks.

    Leave a comment:


  • AlphaTrader
    replied
    Originally posted by Anton123 View Post
    I do copy the TP, but not the SL, for following reasons:
    - Copying the SL made me several times having a loss when the master had a win. Because of price quotes' differences between my broker and master's, the SL was hit for me, but not for master. Then, the trade turned back and hit the TP on master, while I was out because of SL. This is extremely painful. So, for short-time/scalper signals, it's openly recommended to NOT set the SL (for example, in Smart2/Smart Scalper topic);
    - Having a visible SL allows brokers to do "stop-hunting";
    - During my 3-years with SimpleTrader, I never had a single case of master being disconnected for several hours, so I believed the risk of such event was very low.

    This said, I agree that Consistent Alpha signal is rather a long-term one, so it makes sense to copy the SL for this signal.
    Hi Anton,

    No worries on the subject of "stop hunting" and the differences in price quotes. In fact I've the same entry, SL and TP across all different brokers that I use (FXCM, Oanda, etc.). I've factored in all the potential spreads difference before entering them. If the SL is triggered in either one of my accounts, the setup is considered failed and in some lucky events where one broker did not triggered my SL while others did (due to quotes difference), I will still close the position at BE (if possible) but in most cases, if the SL is not triggered today, it's likely going to get triggered the next day. That's kind of a benefit for long term trading in my view, a few pips differences doesn't matter which frees us from the headache of spreads and slippage.

    Originally posted by Anton123 View Post
    Hello, thanks for your attention.
    As I mentioned, I was closed at 0.9722 instead of 0.9690, 32 pips more, so it does not went over 6%. But since the previous trade was also a loss, and the current CADJPY sell does not look too promising either, it does hurt a bit.
    As usually, joining the signal during a losing streak
    The actual SL for this trade is around 65-70pips (Not really sure how much it was in the beginning as I do not use pips in measuring wins and loss, using percentage points would be more accurate in the way I trade) and I trailed it down to 55pips as price goes in my favor but it still hurts to see an extra 1x pips of losses on your side. I understand how it feels when it's in a losing streak, it makes us doubts and hurts. Hopefully we can get through it soon. FYI, my trading strategy win rate is around 45%-50% and mathematically it's normal to have 4 losses in a row and this is when risk management comes into play. That's also the reason why I do not recommend my subscribers to increase the risk multiplier if they are subscribing to 2xR.

    Hopefully the CAD/JPY trade will turn around although it does not looks promising at the moment It's a false breakout trade.


    Tony

    Leave a comment:


  • Anton123
    replied
    Originally posted by AlphaTrader View Post
    Hi Anthon123, sorry to hear about that. I've checked about it. It's due to disconnection and the technical team from ST has suggested me to host the ST EA on their VPS as well. I'll look into it and make sure it won't happen again. Hopefully it doesn't cross the 3%/6% loss on your side.
    Hello, thanks for your attention.
    As I mentioned, I was closed at 0.9722 instead of 0.9690, 32 pips more, so it does not went over 6%. But since the previous trade was also a loss, and the current CADJPY sell does not look too promising either, it does hurt a bit.
    As usually, joining the signal during a losing streak

    Leave a comment:


  • Anton123
    replied
    Originally posted by FXLION1 View Post
    Hi Anton,
    Are you copying alpha ' s TP's and SL's in your settings? It's always best to do so when copying a signal like this just in case a connection goes down on either your side, ST's side, or Alpha ' s side. Those levels/orders are absolutely critical in the makeup of a swing trading system's profitability and risk reward per trade.
    I do copy the TP, but not the SL, for following reasons:
    - Copying the SL made me several times having a loss when the master had a win. Because of price quotes' differences between my broker and master's, the SL was hit for me, but not for master. Then, the trade turned back and hit the TP on master, while I was out because of SL. This is extremely painful. So, for short-time/scalper signals, it's openly recommended to NOT set the SL (for example, in Smart2/Smart Scalper topic);
    - Having a visible SL allows brokers to do "stop-hunting";
    - During my 3-years with SimpleTrader, I never had a single case of master being disconnected for several hours, so I believed the risk of such event was very low.

    This said, I agree that Consistent Alpha signal is rather a long-term one, so it makes sense to copy the SL for this signal.

    Leave a comment:


  • AlphaTrader
    replied
    Hi FXLion,

    Thank you for your compliment, I'll try my best to keep all subscribers updated all the time.
    BTW, does your USD/CHF trade closed at 0.6960?

    Leave a comment:


  • FXLION1
    replied
    Hi Anton,
    Are you copying alpha ' s TP's and SL's in your settings? It's always best to do so when copying a signal like this just in case a connection goes down on either your side, ST's side, or Alpha ' s side. Those levels/orders are absolutely critical in the makeup of a swing trading system's profitability and risk reward per trade.

    Alpha - Thanks for the email! I like the professionalism.

    Leave a comment:


  • AlphaTrader
    replied
    Hi Anthon123, sorry to hear about that. I've checked about it. It's due to disconnection and the technical team from ST has suggested me to host the ST EA on their VPS as well. I'll look into it and make sure it won't happen again. Hopefully it doesn't cross the 3%/6% loss on your side.

    Leave a comment:


  • Anton123
    replied
    I experienced a closure of the last USDCHF trade more than 3 hours after the trade was closed at Master account. This made me lose about 40 pips more that Master's 55 pips loss.
    I checked with technical support, and they found that the problem was due to Master's disconnection.
    How can we be sure that it does not happen again?

    Leave a comment:


  • AlphaTrader
    replied
    Originally posted by FXLION1 View Post
    Hi Alpha,
    Just subscribed to your signal.
    I'm a fan of swing trading and the way you trade is very much in line with what I like to see.
    Keep on keeping on and thanks for offering your signal.

    PS - it's a little amusing that you and betatrader have a similar style along with similar usernames. maybe a joint signal one day?
    Hi FXLion,

    Thanks for subscribing and your compliment. LOL, maybe all swing traders think alike?

    Leave a comment:


  • FXLION1
    replied
    Hi Alpha,
    Just subscribed to your signal.
    I'm a fan of swing trading and the way you trade is very much in line with what I like to see.
    Keep on keeping on and thanks for offering your signal.

    PS - it's a little amusing that you and betatrader have a similar style along with similar usernames. maybe a joint signal one day?

    Leave a comment:


  • AlphaTrader
    replied
    Originally posted by Porter View Post
    Are you Betatrader with another alias?
    System look very similiar.
    Hi Porter, no I'm not Betatrader. I don't think he trades the same way as I do, maybe the only similar thing in our system is our trading time frame, swing trading?

    Leave a comment:


  • Porter
    replied
    Are you Betatrader with another alias?
    System look very similiar.

    Leave a comment:

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