I have all 28 pairs in separate windows on MT4 (1 profile) and just cycle through them, works well for me.
looks like this:
[QUOTE=haroldboom;709209]I have all 28 pairs in separate windows on MT4 (1 profile) and just cycle through them, works well for me.
Yes, one profile. Much better. Thanks! I’ll give it a try.
There is an “equity millipede” thread on ForexFactory that follows the same idea apart from SL use. There you would keep opening new trades whenever you can but with a small 30 pip SL. If it goes into profit, you would set it to b/e. This would give you more losers than here 
but they would be all much smaller :). I’ll try running the two strategies in parallel - i.e. replicating the same trades - and see which one is more successful.
Karel
A 30 pip SL kind of goes directly against the philosophy of this system. I think that is far too tight for the daily charts… for example if I had used that my current best trade of over 1500 pips would have been stopped out.
That being said demo trading can’t hurt, so go for it!
Hi Mustergunner99,
I am late 132 post pages but I would like to join the train.
Hello tchutchuco,
I’m not Mastergunner — but let me fill in for him, and welcome you to this thread.
It’s a free ride, so hop on board.
I’m guessing that you are a new trader. If you haven’t already developed a successful strategy for swing trading, then please read the next post in this thread. In that post, I will talk about what I consider to be the prerequisite for making a go of the MG99 Portfolio Methodology.
.
A topic we haven’t discussed, but should discuss —
[U]A Prerequisite for [I]successfully[/I] Trading the MG99 Portfolio Methodology[/U]
Summary: In order to be successful trading a [I]portfolio[/I] of swing trades, I believe you must first become successful trading [I]individual[/I] swing trades, one at a time.
Several months ago, I got a PM from a friend here on the forum asking my opinion on the MG99 Methodology. I think the answer I sent him might be of interest to others on this thread. So, rather than write a new article on the same subject, I’ll copy-and-paste his question and my reply to him.
[B]Q:[/B] I am almost through the MG99 24/7 trading methodology thread where you appeared for a short-time with some trading results but then disappeared. Can you please tell me your opinion on it? Do you use the method?
[B]A:[/B] You asked about the MG99 methodology. Yes, I believe that methodology is sound, and I continue to trade a portfolio of swing positions. I would recommend the MG99 methodology to any [I]successful[/I] swing trader or position trader. The key word in that recommendation is “successful”. If you are a consistently profitable swing trader, or position trader, then building a portfolio of your typically-profitable trades can leverage your overall results, without exposing you to unacceptable risk.
I don’t think that point has been made in the MG99 thread, and it needs to be made. It’s my impression that many of the participants in that thread think that the MG99 portfolio methodology is some sort of magical shotgun approach that will capture the winners and avoid the losers. But, it doesn’t work that way. If you can place [I]a string of winning trades,[/I] one-at-a-time, then combining a bunch of them in a portfolio is a good thing. But, if your individual trades are mostly losers, then lumping them together in a portfolio will just accelerate your losses.
So, the take-away message is this: First, develop your skill as a swing trader; then, take your swing trading to the next level, by employing the portfolio methodology.
For many years, I was strictly a day-trader — I wanted to get into and out of every position during the London session, trading the 1-hour, 15-minute, and 5-minute charts. But, after years of staying up all night to trade that session (from 3am until noon, my time), I was tired of it. Swing-trading, based on daily charts, started to appeal to me more and more. Now, it’s the only way I trade.
When Mastergunner99 introduced his portfolio methodology, I was skeptical about the potential for over-exposure and over-leveraging. But, after seriously studying the risk factors involved in his methodology (which I detailed in his thread), I became a believer.
For a while, I played around with posting my portfolio trades, but I found that trading “in public” really didn’t suit me. I guess that’s why I drifted away from the thread. Almost everyone else has drifted away from it, as well. And that’s a shame, because Mastergunner’s methodology can be a great tool in the right hands — and his thread is the only place where such an approach is discussed.
If your swing trading is ready to move to the next level, then give the portfolio methodology a try.
.
Hi Mustergunner99,
I have joined babypips a few days ago and I would like to join this thread
Wow… such a long stretch with no posts.
Well I saw this thread on the first page of the ‘Show me the Money [Swing Trading]’ section and I wasn’t disappointed after reading through all 133 pages over the past 2-3 days.
I have begun to trade this methodology with a FXCM $50k demo account and a Public MyFXBook, so that others can follow along. My trade sizes will follow along with the MG99M ‘rules’ of being equal to units = 5 mini lots (50k).
MyFXBook is using a FCXM Demo Account I had already made some trades with, but I began using this methodology today the 23rd of November.
I would be considered a newb Forex Trader and have only traded Bitcoin and Stocks in my past so this will be representative of a beginner trader as opposed to the ‘Experienced Successful Swing Trader’ that this methodology is supposed to help assist.
So far I have only had time to whip up a simple comparison line chart in Trading View to watch the pairs go up or down, totally unnecessary, but fun to watch…
Reds and Oranges are Shorts / Blues and Greens are Longs
Well like others have said starting out… picking a good entry is key to stress free trading with this methodology. I just used the previous weekly candles to determine a BUY/SELL/WAIT decision to begin using this methodology.
Luckily, I decided to start with selecting 11 pairs of the default FXCM selection and ended up with about 8 pairs in open positions. It was pretty brutal the first day looking at about -300 pips and -$1,400 at one point, but the day went on and the price action began to start moving more in my direction.
On the second day realizing my mistake in reading the weekly candles and not looking closer at the dailies, I reversed/flipped two pairs for a total of -180 pips. I also set a Stop Loss for AUDUSD at -50 pips, but so far it has gone where it needs to go and the SL has been removed.
The third day had me flip GBPJPY for +57 pips profit and blame my bad initial price action reading for the early close.
Below is a quick look at my decisions for the first 3 days. The (parentehsis) are for when I chickened out and made a change to my position before the NY close.
Date
AUDJPY
AUDUSD
EURGBP
EURJPY
EURUSD
GBPJPY
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
22-Nov
BUY
BUY
SELL
SELL
SELL
BUY
WAIT
WAIT
BUY
BUY
WAIT
23-Nov
HOLD
SL
HOLD(BUY)
HOLD
HOLD
HOLD(SELL)
SELL
WAIT
HOLD
HOLD
WAIT
24-Nov
HOLD
HOLD
HOLD
HOLD
HOLD
BUY
WAIT
WAIT
HOLD
HOLD
SELL
Here’s an example of one of my reverse/flips, which was a good decision and I began to recover my loss…
Great thread. The method seems perfect for my mindset. I’m glad to see folks are still posting. I’m still reading through the thread, and just starting to test it on a demo. I’ll post questions & results after I gain a bit of trading knowledge, but I’m still too green to add anything of value to the conversation…besides the entertainment value of dumb questions. 
Thanks MG99.
Hey Firedancer, Bonavest.
I am glad to see activity in this thread. And I figure it’s time I jump in here to let you guys know I trade this way. Maybe I can contribute something.
But, anyway, I remember when I first went through the thread. It absolutely jumped out to me like big time. This was about 2 yrs ago. (Which was about a year into the business, so very new to it all) We all start out that way, trying to find what fits and doesn’t fit for ourselves. It’s like wandering through a wilderness. But, eventually we come on out of it. Kind of like when we become an older teenager. We understand much more about life, and then think we know it all. Then, we grow up even more and realize how much we really don’t know as more time passes by. But anyway, I have always had this in the back of my mind, that it’s the way for me to trade. I just love the idea of having a basket of trades running. Cause I have a tendency to see the market from the big picture. I want to know all of the relationships. Believe me, there’s a lot of correlations between all of the currencies. And also in the realm of trends. Which there can be many trending pairs running at once.
Well, I can be lengthy here, but will save it for another day. If you look back in the thread, I’m in there, I think around the end of 2013. (Can’t be sure though) But anyway, I gave it my best shot. Got really frustrated with it. Then went on to many other avenues. So, now, I’m back to it. (Probably with much more knowledge about the market in general, than then). It’s been since probably at the end of the summer I found my way. No doubt now about my strategy. And it revolves around this methodology. Everyone has a different angle to it, but I think some of the common threads are: basket of trades running, small position sizes, and running for longer term time frames. And MG was using the trending pairs to ride.
I will get into exactly how I trade in a future post. But, if anyone is interested, I belong to a thread call ‘COT analysis, a market sentiment’. There you will find the way I trade. But, I think I should start to contribute in here, since it’s the way I go about it.
Talking about contributing…there’s this guy around…his name is Clint. He is an absolute genius. You will find him in this thread. I’ve never heard such intelligence come out of somebody more than him. That guy knows.
Anyway, I got to run.
But will contribute some things in the near future.
Mike
Hey Mike! Glad to see some people responding to the thread.
Just as you have said I am having to learn how to hone my strategy when it comes to Swing Trading on longer time frames. As you can see from MyFxBook links below I have pretty much thrown 10% of my capitol out the window tossing out losing trades because I got in at the absolute wrong time. LOL
The method as described here in the thread hasn’t failed me.
[ul]
[li]It has gotten me organized by keeping a BUY, SELL, WAIT, HOLD record of my decisions daily.[/li][li]Allows me to hold multiple pairs with smaller positions[/li][li]Averaging my losing and winning open trades allows me to stay in those positions[/li][li]Aim for long runs of 200-1000 pips (still to be made)[/li][/ul]
Only this week (Monday Nov 30th) have I found some nice indicators that are helping me picking better entry points and I expect to do much better this week and begin gaining ground on building my equity number.
I am also running a seperate DEMO account where I am just using my own basic trading strategies to pick and choose trades and that one right now is doing much better than my MG99M portfolio so far.
I will give an update on my experiences this week come the weekend.
Mike & Bonovest, glad to see you here. I’m subscribed and will follow along & probably ask too many questions.
I need to set up a MyFxBook too. That looks interesting & helpful.
(I need to figure out how to free up some memory on my puter too, the darned thing keeps crashing on Babypips. Says I need more virtual memory, but adjusting it higher didn’t help. Only babypips crashes, which seems weird.)
I think the problem is that I’m looking for an exit signal on the daily chart. Now I’m changing that and I look for the exit signal on the H4 chart. Many things can happen in 24h.
Yeah… like the EUR this morning. Whoever talked about trading without a Stop Loss in this thread previously… You are suicidal!
I only had 4 pairs with 6 positions open… can you imagine the amount of REKT that would be upon you if you had 20 pairs on an open trade? From now on I will be using 100-180 pip (180 was mentioned previously in this thread) Stop Losses and I will be checking the Economic Calendar for extra volatile news releases. Economic Calendar - Investing.com
The final tally when I decided to close out all my positions… -25% on my account balance. Yikes.
I lost all my gains this AM too. Glad it was only play money. It would be a bummer to lose a lot of real money right before Xmas.
Looks like we need to pay attention to the big news events. :33:
Hey guys.
Well, I’m glad I wasn’t in the market. It would’ve been real bad for me. Cause this is how I trade…
I will be in with 15 trades at a time.
Either with the Majors, or Comms. To be specific, here’s the 15 that I will be in…
AUD/USD
GBP/AUD
EUR/AUD
AUD/CHF
AUD/JPY
NZD/USD
GBP/NZD
EUR/NZD
NZD/CHF
NZD/JPY
USD/CAD
GBP/CAD
EUR/CAD
CAD/CHF
CAD/JPY
Now, if I think the Majors (as a whole) is stronger, then all the USD/GBP/EUR/CHF/JPY will be long.
If I think the Comms stronger, then all the AUD/NZD/CAD will be long.
But, those 15 up there are the only pairs I trade. It’s just a matter of which way I think will go.
I have kept stats and watch the flow of the Majors vs. the Comms. So, I will have reasons when I pull the trigger. I had a good first couple days this week. I was long the Comms since Friday, kept them all running into this week. I ended up with around +2,000 pips. Then jumped. Cause I knew things were gonna fly from mid week on. I will stay out till at least the open of next week. I got to see what’s the sentiment on the weekend, well…after NFP.
I’ll get into more details of how I play them later. (Position sizing, entries, exits, etc…)
Mike
What happened to this account? The link no longer works…
Hi Clint:
I am so happy for reading this post now, 2 years after I first visited this thread by 4/20/2014 (I gave you several “like” after reading your posts by that time).
You presented very excellent explanations and analysis of this methodology, and were testing it in a demo, and now I know you are actually using it, and since you are a very intelligent, educated and knowledgeable person, I want to ask you many questions . . .
For now, just the most important ones:
- Are you still using the original position sizing rule?
The rule is: the number of units entered = the number of dollars of current account equity.
- Do you set TP and SL when enter a position?
Most traders do it. But the original mastergunner methodology didn’t use TP and SL when open a position. However, in one of his posts on 03-15-2015 he said he did use TP and SL on entry now.
- Do you consider currency correlations (mastergunner said no)?
For example: when GBP was in down trend last year, were you selling GBP in several pairs (maybe up to 5 or 6 pairs) in the same time?
- Do you ignore news as the original methodology suggests?
For instance: will you open USD positions a few hours before NFP?
Or will you move SL to lock profits in USD pairs, before NFP or FOMC?
Finally, Clint, since you are a very intelligent and experienced trader, I think, instead of asking so many questions, it would be better (and we would appreciate it very much) if you could tell us how you are trading this portfolio approach. I am sure you have done many modifications to the original system.
Here is the summary of the original system you presented on 08-06-2013:
[B][I]The MG99 Portfolio Methodology — how it is configured and traded[/I][/B]
• twenty-eight currency pairs are monitored for swing-trading opportunities on a daily basis
• the pairs monitored represent all possible pairings of the 8 majors: USD, EUR, JPY, GBP, AUD, CHF, CAD, and NZD
• the number of pairs monitored may be adjusted up or down to suit the individual trader
• potential swing-trading set-ups, based on developing trends, are identified on daily charts after the close
• only trades in the direction of the trend are considered
• chart analysis is based on price action only (i.e., S/R levels, fibs, candlesticks and candlestick patterns, etc.)
• technical indicators, economic news releases and fundamental analysis are ignored
• positions may be entered in any number of pairs, up to the total number of pairs being monitored
• for each new position entered, the number of units entered = the number of dollars of current account equity
• this way of determining position size implies that, for each position, 100 pips = approximately 1% of account balance
• each position represents roughly 1:1 actual leverage; 28 positions would represent roughly 28:1 overall leverage
• one unit of any pair is assumed to be equivalent to one unit of any other pair, regardless of different notional values
• it is advantageous to use a broker who offers trading in units, rather than in lots or fractions of lots
• correlations (positive or negative) between pairs are not considered
• positions may be entered using market-orders, stop-orders, or limit-orders
• entries do not entail stop-loss or take-profit orders
• SL and/or TP orders may be added during trade management, depending on circumstances
• positions, once entered, may not be added to
• exits generally are handled in a discretionary fashion
• positions may be exited using market-orders, stop-orders, or limit-orders
• a loser is exited (usually within days of entry) when the rationale for the trade is determined to be no longer valid
• a winner is exited when the trend has run its course and has reversed, however long that takes
• swing trading implies that profitable trades typically remain open for weeks
• swing trades are held over weekends
• entries and exits are generally late when measured against swing highs and swing lows
• large numbers of pips frequently are left on the table when winners are exited
• an exit does not trigger an entry in the opposite direction — this is not a stop-and-reverse methodology
• trades are not journaled
• common measures of risk do not apply to portfolios of forex positions
• generally, overall portfolio risk is far less than the sum of the risks in the individual positions
• overall portfolio profit in the range of 5R can be expected
This was the original MG99 methodology.
Now, could you please tell us now how is your portfolio methodology configured currently?
Thank you in advance!
Hi Beijin,
Thanks for your kind words. Here are answers to your questions:
- Are you still using the original position sizing rule?
A. Yes, approximately. I use position sizes equal to one micro-lot per pair per $1,000 of equity, rounded off. This is very nearly equal to MG’s one unit per dollar of equity.
When equity grows to a substantial amount, the difference between my method and MG’s method becomes trivial.
- Do you set TP and SL when enter a position?
A. SL always, without fail. TP often, but not always.
- Do you consider currency correlations (mastergunner said no)?
A. No, I don’t. I realize that this introduces additional risk into many trades, and I accept that additional risk. Ignoring correlations can magnify both profits and losses (in exactly the same way that high leverage magnifies profits and losses). So, careful trade management is essential.
Referring again to question #2 above, stop-losses are always important; but, when correlated pairs are traded, stop-losses are critical.
So, tell me a little about the way you use the MG Portfolio Methodology.
Regards,
Clint