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Another Great Day Guys as you can see in my screen shot.
Made over 300 PIPS today. I usually trade more pairs because I like it and it also shows how wonderful Zorro system works on any Pairs.
Just wanted to show my Matrix results for EUR/GBP
Captured some sweet pips in NY and Asian session. It is definitly not a recommended timeframe and I know Igor would never ever recommend anyone, but i took a chance and i was determined to make some pips.
The past week was in line with wath we see over the last severall weeks. A mix of very nice volatility but also days where the price hardly moved.
That reflects is the results. With the standard zorro trading there was a hughe winning day but also a hughe loosing day.
The total with the standard zorro system is +63pips (excl.spread). If we would deduct the spread there would be no profit left even a small loss.
But in the room there is hardly anyone that trades the standard zorro system. People see that trading one of the options is a better strategy because the R/R ratios ( risk toworths profit) of the option strategys is far better and gives you also time to do something else in life then sitting every day in front of your pc waiting for a signal to come.
If we look to the first 3 options then we can see that the results are far better then the normall standard way of trading.
Option1 made a total profit this week of + 526pips! With 3 days of trading and not 1 loosing day..
Option2 made a profit of +94 pips with only 1 day of trading.
Option3 made a profit of +621pips! with 3 days of trading not 1 loosing day.
Because of trading one of these options the so called big loss of thursday had no effect on the results because thursday was a "no trading day". This way that loss was filtered out perfectly.
To give a bit of technical numbers about the options:
Option1 has traded now 70 days since the 1st Oct. and this with a positive hitrate of 77%.
Option2 traded over the same period 43 days with a positive hitrate of 76%.
Option1 has a total profit = +5447 pips with 70 trading days = 77pips/day.
Option2 total a profit = +4821pips with 43 trading days = 112pips/day.
Option3 has also 70 trading days but +10.268pips = +146pips/day. But option3 has severall days double positions and this way also double drawdowns.
I spend not so much time in analyzing option4,5 and 6 because the majority of the people in the group do not trade the gbp/chf. And each of these options take the G/C in account.
Butr whatever kind of option that one would have traded each of the options gave profit this week.
Option5 is still coming back from its MaxDD and is at this moment looking to a - 123pips.
All other options are sitting on their all time highs on the equitycurve!...
So in short a good to very good week for the ZoRRo trading system if one choose one of the options. And gives time to learn to trade the MaTRiX strategy in the days that one did not had to trade. With option1 and 3 one only had to trade 3 days this week so that gave time to look and learn the MaTRiX scalping system for 2 days. If traded option2 one had 4 days time to look at the MaTRiX scalping system.
To be continued...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
Recap over the MaTRiX scalping strategy over the previous week:
The people in the group know that I am very much in favour to use the MaTRiX scalping strategy on the BUND (FGBL) a financial instrument where the data is provided by WHC broker.
The reason why is because of the lower evergae daily range and the controled way of moving. Lets just say because of its market dynamics.
Many people are convinsed that the BUND is indeed a great index to trade when they count the winning tradesd at the end of the day but find this FGBL a problem because their broker doesn't give the possibility to trade this financial instrument. Because they have a 100% forex broker.
But this week we came to an interesting conclusion that the MaTRiX scalping system works best on instruments with low average daily ranges.
So pairs like the euro can not be traded at this moment because of avg. daily ranges of +/- 150pips.
Someone in the room (swizzguy) attended to me that maybe the eur/gbp woulod be a good candidate to trade.
After studing that pair I saw indeed that it is a very good pair to trade it with the MaTRiX scalping system.
Important is that one can only trade this pair when you have ONLY 2pairs spread or lower (like oanda--1pip).
As you can see on the results that swizzguy made (printscreens posted 3 postings higher) he made a beautifull profit on that eur/gbp.
Bellow you see a printscreen of the setup of the MaTRiX on friday on the eur/gbp.
Each of the trading signals traded according the "rules" was a winning trade.
I know it can sound impossible for some of you but if you count the arrows that means that there were 21 winning trades 0 loosing trades!
So very nice prospects to look forworth to...
To be continued...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
My personall results with the MaTRiX scalping strategy on the BUND (FGBL).
The result for monday 31-03-08 was already posted. I traded also wednesday and friday. Each day was a winning day.
result for 02-04-08
result for 04-04-08
To be continued...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
My personall results with the MaTRiX scalping strategy on the BUND (FGBL).
The result for monday 31-03-08 was already posted. I traded also wednesday and friday. Each day was a winning day.
result for 02-04-08
result for 04-04-08
To be continued...iGoR
Hello iGor,
very impressive your results. Can you tell a little bit about Margin to trade the Bund, please? I found Brokers with 300 $ per Contract and others with 1150 $. And if you trade 5 Contracts the same time...What do you think, how big should the trading account be to be safe ?
Just look at the price action of the Bund on minute/hour/daily charts to get a feeling for its volatility. Remember that one tick= 10.00...so with a margin of 300 $...let's say for simplicity's sake that's 200 = 20 ticks...there's not much room for error. If you get caught in a news spike, your account is gone in a matter of seconds. Obviously, Igor doesn't do that. If you look at IGor's account balance of ca. 500k and divide this by the maximum number of Bund contracts he held at once that day, i.e. 15 contracts..you arrive at roughly 30000 per contract. For me personally, even a margin of 1000 would be too low.
I can understand that it all looks a bit confusing.
The amount of contracts the profit I make, my account balance the margin required etc...
But if I can help a little bit...
I trade from a managed account. And the amount that you see is actually an amount that I placed on a sub-account of the managed account. With the money that you see one can trade far more contracts that I trade.
But I keep it very small.
If one wants to trade the MaTRiX scalping system there are severall ways to solve this.
Till 1 week ago I was in favour to only trade this system on the BUND because of the low daily volatility. But after swizzguy pointed me out to the eur/gbp I am convinsed that one can trade as succesfully on that pair then what I do on the bund.
The reason I do not trade the eur/gbp is because I do not have a forex account. I have a normal broker where I trade the currencys true cme futures.
The cme provides the eur/gbp but with a spread of 4-5 pips.
Impossible to be profitable with that spread. One needs to have a broker that asks maximum 2 pips spread. I explained in the room already severall times the reason for that. I gonna explain here again.
It is a scalping system. Scalping means that one needs to be pleased with 1-2-3 pips profit per trade. If one wants to make more on the intraday swings you needs to trade according systems like the standard zorro system. You can make this way 3-400 pips on a good day but also loose 2-300pips on a daily base.
With scalping you will make +/- 10-20 pips and only loose 10-30pips per day.
If I say make a profit of 10-20 pips you need to accept that this profit can be with 10-20 trades. That means that your profit per trade is 1pip/trade.
So lets say that you have an average profit per trade of 1 pip. And that you have +/- 10 trades per day. That comes to an average of 10 ticks per day.
That comes to 10ticks x 10 = 100 per day. That multiplyed by 22 trading days in a month comes to 2.200 in a month trade with normall contracts and have a goal of 10 ticks/day).
That multilplyed by 12 months in a year comes to 26.400! I can garantee you that this is an amazing! result.
And all this is based on only 1 tick profit per trade. The same example stands fore the eur/gbp on forex.
OK...now if we do not have this 1 tick per trade...that means that we have an average of 0 ticks or pips per trade we drop from a very profitable system or result suddenly to ZERO!.....YEP.
So first of all very important to know that EVERY single pip or tick is VERY VERY important. So if you pay your broker 1 pip or tick spread to much you turn a highly profitable system in a B/E or lossing system.
Secondly about the margin problem, as said it is not nescessay anymore to trade this from the BUND. For all the same you can trade this from a forex account on the eur/gbp.
If you want to trade this from the bund then one has again severall options.
You trade this from a broker that works direct on the eurex.
But you can also trade this from some spread brokers that allow you to trade mini or micro contracts and where margin is not that important anymore.
If you want to trade this from normall contracts then I sujest to trade this first with a demo account that reflects the same value/tick and the same account balance. If you manage to get away with a profit at the end of 1 month you can accept that you are suited to trade this system.
If you trade this then in real with normall contracts then is sujest that one needs to trade this from a 10.000$ account.
The maximum of contracts you can have in averaging out is 6. So 10.000$ is enough to cover this amount of contracts.
If one has only 1000$ at his disposile, as said you can go to spread brokers like WHC who offer mini and micro contracts and you devide everything by /10.
Hopefully this answer clears out some things.
Friendly reagrds...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
Sorry but I made a mistake in my previous results on with the MaTRiX scalping system.
I had posted prinscreens from the so called 2nd and 4th of April.
The printscreen I posted from the 2nd should be the 1st of april and here is the one from the 2nd of April.
So the previous week I made 4 days profit and 1 non trading day (thursday)
To be continued...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
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