GBP/JPY Equity Building Profitable trading strategies

[HAUGHT007]

Originally Posted by pipsquito

I'm going to the big forex expo in Vegas next month, anyone going to be there?

I didn't know anything about a big forex expo.... what's it all about and when?! Also, I made a excel sheet that you can put all your variables in and it will tell you how far you can drawdown spacing so far apart if you'd like it. I read where you were looking for one. I don't know if babypips supports excel file attachments but here it is if it works.

[HAUGHT007]

So they don't like excel files. I saved it as an excel object in a word file so it should still work. Try this.

[pipsquito]

Originally Posted by HAUGHT007

I didn't know anything about a big forex expo.... what's it all about and when?! Also, I made a excel sheet that you can put all your variables in and it will tell you how far you can drawdown spacing so far apart if you'd like it. I read where you were looking for one. I don't know if babypips supports excel file attachments but here it is if it works.

Wow...Great spreadsheet!!! One question...it seems that it will tell you how many positions you can place until price reaches that particular point and you get called. How do you know how far down price can go (after you stop placing orders?) Does that make sense?

Say I have $100,000 in my account, and am placing orders every 10 pips apart .2 lots each...I start at 214...and place 20 orders...I am safe at that point...but how far down can price go before I am in trouble...if I don't put any more buys in?

The Expo is at the Mandaly Bay hotel in Las Vegas starting Friday Sept. 12 to Sunday Sept. 14. https://secure.moneyshow.com/msc/LVFX/

[mytwopips]

Originally Posted by 4xStar

Just for fun I ran a spreadsheet .. starting with $20k, making 100 pips profit per week, starting with 1 standard lot the first week, and adding 1 lot each week thereafter, the $20k becomes over 1.3 million in one year.

And people with tons of money sitting around want to keep throwing it down a dark hole?

I'd rather trade.

We thought you were going to make a spread sheet on the guppy strategy, not starry eyed profit potential spread sheet. Come on, you should be out of that phase by now?

It's not good money after bad if it sits and grows forever? The math has already been worked out. It's not just a guess picked out of the thin air.

I finished my leverage thing, it's in newbie island. Abner has already made a fine comment about my work.

Come on now, you turned on this strat, but not on us. We still your buddies.

[mytwopips]

Originally Posted by HAUGHT007

So they don't like excel files. I saved it as an excel object in a word file so it should still work. Try this.

Thank you, nice work.

[4xStar]

Originally Posted by HAUGHT007

So they don't like excel files. I saved it as an excel object in a word file so it should still work. Try this.

Excellent haught! I'm too math-challenged to deal with that level of computation.

[HAUGHT007]

Originally Posted by pipsquito

Wow...Great spreadsheet!!! One question...it seems that it will tell you how many positions you can place until price reaches that particular point and you get called. How do you know how far down price can go (after you stop placing orders?) Does that make sense?

Say I have $100,000 in my account, and am placing orders every 10 pips apart .2 lots each...I start at 214...and place 20 orders...I am safe at that point...but how far down can price go before I am in trouble...if I don't put any more buys in?

The Expo is at the Mandaly Bay hotel in Las Vegas starting Friday Sept. 12 to Sunday Sept. 14. https://secure.moneyshow.com/msc/LVFX/

I haven't made a spreadsheet like that. I use MT4 and it calculates it for me. It took me a while to figure out what "margin usage" was but that's what it is. If you use MT4, the really big percentage in your trading window is how many pips you can go down before it's at zero. I haven't tested it in a demo but i think when it gets to 100% it calls your orders.

On a side note, my spreadsheet does have a slight margin of safety to it. The margin and the pips aren't exactly calculated. When you're trading the guppy, at 100:1 leverage it doesn't hold out exactly $1000 for a lot. It holds out $986 or somethin like that. Also, you don't make $10 a pip either. You make $9.86 or whatever it is. I couldn't put this in exactly because it changes based on the rate of USD/JPY and GBP/USD. I do have a way of actually having a LIVE feed of the exchange rates but never got around to doing the math to figure it out and program it in. I figured it would just keep me a little bit more conscious. Worst case scenario and all. I figured if I got to the point of being called, I would need ever little pip possible.

[4xStar]

Originally Posted by pipsquito

Wow...Great spreadsheet!!! One question...it seems that it will tell you how many positions you can place until price reaches that particular point and you get called. How do you know how far down price can go (after you stop placing orders?) Does that make sense?

Column C shows where price is, as it is dropping. TMTH! appears in cols G and I. I saved it back as an excel worksheet, the col letters do not appear in Word, so A = col 1 and so on. If you play with it a bit, changing the values in the yellow box, you will see how it works.

For example when you open the sheet, it shows that if you start buying 1 micro lot at 215.71, with $300 in your account, and you buy one more every 200 pip price drop, when price reached 205.71, you are out of margin.

[mytwopips]

Originally Posted by HAUGHT007

I haven't made a spreadsheet like that. I use MT4 and it calculates it for me. It took me a while to figure out what "margin usage" was but that's what it is. If you use MT4, the really big percentage in your trading window is how many pips you can go down before it's at zero. I haven't tested it in a demo but i think when it gets to 100% it calls your orders.

On a side note, my spreadsheet does have a slight margin of safety to it. The margin and the pips aren't exactly calculated. When you're trading the guppy, at 100:1 leverage it doesn't hold out exactly $1000 for a lot. It holds out $986 or somethin like that. Also, you don't make $10 a pip either. You make $9.86 or whatever it is. I couldn't put this in exactly because it changes based on the rate of USD/JPY and GBP/USD. I do have a way of actually having a LIVE feed of the exchange rates but never got around to doing the math to figure it out and program it in. I figured it would just keep me a little bit more conscious. Worst case scenario and all. I figured if I got to the point of being called, I would need ever little pip possible.

No you did good. If anything it ads an error to your side not to calculate the actual pip value. Just leave it like it is with each pip at an assumption to be the value of like e/u.

It lets you know the knock out point is really above the real knock out point.

Better return the love bro. Look at your green dots.

[mytwopips]

Congratulation HAUGHT007

You're now an FXMan! Now return the love. That goes for everybody. I have given all you guys love today. I even hunted down Andrew at the other thread.

Use my leverage one if you like it. Abner done hurt my feelings today. Look at my puny dots, don't make me beg.