OUTSIDE THE BOX -- Ichimoku Scalping


#41

Why were the trades closed?
Why does the pip value differ from the value of the closed trades on my Master account?


#42

these changes to Strategy Description above is waiting for approval…

Professional asset manager and FX Trader of 15 years. Qualified and certified mathematics professor.
Longest profitable track record – 23 months
Longest win streak – 297 winning trades on given strategy

to best replicate master account returns, use pro-rata copying method at 100%

Trade Plan

… more specific details at link below on Forum…

Target monthly return: 5-8% on 1x risk
Max open trades: 10
Soft Mental Stop Loss: 125-150 pips per individual trade

Risk Management plan…

– Maximum drawdown – 15% from High Water Mark but usually is under 10% Drawdown
– Max Exposure 1 lot per $10,000 on master account
– Scale in and Scale out of positions with a basket of trades when the setup is favorable.
– Mental stop loss will be activated after 140 pips per trade. Maximum Adverse Excursion/Maximum Favorable
Excursion indicate my losers have a low probability of recovering to profit after this point. This is a GUIDELINE and NOT a rule or command for me to close positions. It still remains within my discretion at that specific moment to discern if it is prudent to begin scaling out of the original trade idea (must also assess correlated asset classes, market maker behavior in that trading session, momentum / strength of price action, positioning/sentiment, level of key indicators, and key support and resistance location).
– Profit target is usually 0.3% to 0.5% (or 10-15 pips), but I reserve judgment on this in the moment, again, as it will depend on the price action and sentiment at the time.


#44

@ZuluTradersDesk

Really need that full trade history from Mt Cook from July 2017 to be migrated asap.
The Pip-minded Zulu investors are not measuring Risk in terms of Equity percentages.
Two investors were very rude, ridiculing, attacking, and demeaning in my social area… and already I don’t think I can appease BOTH profit-sharing clients AND pips/lot commission clients.

It is impossible when they are not allowing me to MANAGE THE RISK and number of open trades and where trades close and such. If the clients choose to close trades before I close them, then this statistic is being recorded as Total Profit/Loss for Live Investors in my profile, and I don’t think this is accurate, because they made the decision to take control of risk and when to close.

This is all part of what I do as a manager of equity and a fund.
If my whole trade history of pips, stats, trades had been migrated completely then I guess EUROPEAN investors would not have been DEACTIVATED from receiving my trades??

They are all blaming this on me, and yet I have 4063 pips gained since July 2017, and only 1700 since September 2018 I guess. So is this how Zulu calculates 30% cutoff for Drawdown in PIPS?
If not then how is this calculated?
And why are these investors being deactivated?

I must report that this is not the way I trade. I trade for those with large accounts and who give me the control to make the important decisions. Not those with peanuts… paying me 0.5pips/lot with $200 in their accounts!

Sorry but that’s just where I am at. And I can’t put this all in the description of my system, because there could be a whole chapter written about how I trade and how I have been so profitable.

Waiting for your response.


#45

Not sure, but I know it’s out of your control. I wished I knows.


#46

Let me get my investor account settled and I’ll follows you again. It should it be Pro-Rata, right? Based on your recommendations…


#47

#48

@ZuluTradersDesk
@Emerald_Trader

This is why Pro Rata @ 100% is best way to replicate traders performance (with at least $2000 equity)

The calculation of the Signal Provider’s performance then became a simple calculation of the pips gained or lost, and not of the corresponding money according to the Lot Size selected by the trader.
A Signal Provider could vary the Lot Size over time, so sometimes his pip could be worth more or less, but the follower investor did not have the possibility to vary his Lot Size in the same way, hence the pointlessness of showing the monetary performance. Better to show only the pips and use them as an absolute value.
This solution has definitely simplified things, and investors have been able to assess more easily the Signal Providers. However, at a theoretical level, this was definitely not the best solution in order to best replicate their performance.

One of the fundamental part of a Trader’s strategy is Money Management, or, in this case, the ability to vary the percentage of the capital at risk in every trade. To do this, the professional traders calculate the pips they decide to invest in a trade, and then they adjust the Lot Size in order not to risk more than a certain percentage of their funds.
An example?
Funds: 10.000 $
Capital at risk in a trade: 1 % = 100 $
Pips of Stop Loss: 50
100 $ / 50 pip = 2 $ = 0,2 Standard Lot = 2 Mini Lot = 20 Micro Lot
To the increase or decrease of the capital, but also to the changes of the pips of Stop Loss, the professional trader modify the Lot Size, to better manage the risk.
But this was not possible with ZuluTrade, or rather, it did not make sense with the “Fixed” option, as investors could not replicate this changes of the Lot Size, so much so that many Signal Providers had adapted their strategies to this type of fixed management.


#49

Well, screwed it. but I decided to follows you with pro-rata. Let see if we can get this back on track. Don’t asked me why, I just have that tinkling feeling that it will goes well this time.


#50

WOW! Who was the idiot?


#51

Wow! I am impressed by your record and this means something cause i know a thing or two about the FX market myself. It is not easy to achieve a low of 0…and for lengthy periods of time at that. Congratulations!


#52

Looks like things have changed from my last visit,( cannot post on your social tab but see the AUD/USD falling to .7000 only in my opinion) still see you at no1 spot though, I’ve never seen love and hate used in such context, keep up the good work, seems brexit has wider ripples than just the UK, See the rise in cable short lived too, 1.28, just my opinion also.


#53

Some of my other achievements[ online can be viewed at my Blog]

Please just Google my trading name or visit my Twitter account to see what else I do in the forex space online


#54

I have personally helped at least 5 investors with margin / risk issues, and I have had groups of people wanting community updates on various forums where I have posted for the past two years---- for low risk, medium risk, and high risk strategies that I manage.

I have much to report re the current situation with open basket of trades.
The low risk strategy has booked 4.05% profit in January and currently stands at 4.5% open drawdown.

Yet I only have so much time to explain in different ways to different trade copiers at different risk levels with different amounts of equity.
No matter how much I work or care for people and their investments, what limits me is that I only have so much control over what Trade Copiers are doing with their accounts, their equity, their management of open trades and their own decisions that they make on their own without consulting me. Sometimes clients choose to place additional trades of their own or trades from other signals they operate on the same trading account. This affects the risk management for this account.

I advise to not close any position that I have opened. This type of behavior has led to many losses that didn’t need to happen with investors who made their own decisions and own risk management plan.
I have full confidence that our relatively small losses will recover in terms of pips and equity (dollar amount), as I also have $73000 USD invested in my system, much skin in the game, much to lose, and potentially much to lose in my professional reputation and established track record.

These situations drawdowns arise, as some behavior in the markets is less easy to predict, so after more reflection and more contact with other traders/bankers, I will let you all know early next week what my dynamic plan is. The losses, at the very least can be minimised, which is always at the forefront of my mind, instead of acting irrationally and emotionally right at a market extreme when the momentum has nearly run its course and when the price action will revert to the mean AND continue with the larger downtrend that has been running for much longer and therefore has more weight. The USD sometimes extends its gain or loss momentum at week’s end, which it will then retrace at the start of trading in the next week. This exact situation evolved most recently on week ending 4 December when AUDUSD last peaked out with extreme momentum and skewed sentiment.
Next week open should be gap down on both GBP and AUD.

I have done countless hours of technical analysis that gives me conviction and confidence that my setup and current Total Open Exposure is still valid. But I cannot report all of this in written form to so many individuals. I must spend a majority of my attention and effort on trading, studying the markets, and executing my profession. Some day I will have an assistant to do all this admin work, but right now I still do it all by myself.

Will give more multi-facted reasoning for my view next week on…

Social feed on my trading page: https://www.zulutrade.com/trader/375788/social


#55
  1. New high water mark in equity terms
  2. New high water mark in PIP terms
  3. Many followers not capturing same pips / equity that my master account is capturing
  4. Zulutrade is not benefiting investors or traders… wake up!!! Just spoke to the partner in a brokerage firm yesterday, and he DEFINITELY confirms what I know.


#56

Thats just silly you are trading USDZAR


#57

So what is your point / meaning?
Zulu doesn’t differentiate between EURUSD, USDZAR, USDTRY, USDJPY, and USDNOK pips so why should providers??? It means providers almost always will lose.
You should correctly say: Zulu system and trade copying platform is SILLY, I am just playing the game they have given us.
Do you see that at the end of the day, if investors and providers are not following the same strategy of trading, then it will always be Zulu that wins and no one else.


#58

So be it, but normal your average pip gain is about 7 Just another scalp strategy i think the investors are bored with this (PipmasterUK. OTB) to much DD

I think investors are looking for more traders who know what they are doing and make a lot more pips per trade.


#59

Part 1 and Part 2 of this low risk OTB strategy

  1. http://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-part-1-2/2087437

  2. http://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-mt-cook-master/2206347

  3. Merged account history – Parts 1 and 2 combined on **

If you would like to criticize these results or my style of trading then PLEASE POST a strategy AND LIVE RESULTS OF SIMILAR LENGTH that are BETTER IN YOUR MIND.

My average pips per trade: 30.8
Track record length: 25 months
Equity Growth since inception: 970%
Max Drawdown: 26%
Annualized ROI: 157%


#60

Trading the USDZAR makes this fake.

Is too high for most investors


#61

Tell this to MyFXBook or Zulu. They don’t seem to be listening.
A majority of investors either.

So if you know a better strategy to follow, post it here, Mr Wise Advice.