USDCHF 9058 short from 3/12 8:00 stopped out at 8912 13/12 8:00 for +146
EURUSD 13640 long from 5/12 12:00 stopped out at 13723 13/12 8:00 for +83 (160 pips available for 4 bars)
Outstanding trades now closed down for Xmas
USDCAD 10644 long from 12/12 16:00 closed at 10619 for -25
EURJPY 13951 long from 6/12 4:00 closed at 14182 for +231
AUDUSD 9070 short from 11/12 16:00 closed at 8963 for +107
USDJPY 10266 long from 12/12 4:00 closed at 10321 for +55
Hi All
An update for the fixed odds approach. I have printed the update in a pdf which might make a bit more sense, on a monthly basis I will attach the spreadsheet in a zip file.
Overall results for December to Friday 13th is 75 pips in profit. I will pack up for Xmas next Friday 20th and update then.
Best regards
Trading System20131513.pdf (34.3 KB)
You have no idea how much I appreciate your efforts guys - I thank you for your updates and look forward to you reporting similar results next year.
Hi harmonicphil could you please tell me your ROI for each month since you started testing the system. Hope i am not being to much of a bother
Thanks harmonic all the best for the christmas period, appreciate all your updates this year
I am learning about 3 LITTLE PIGS TRADING SYSTEM, Its almost same but little bit changes.
Welcome Djames. The Three little pigs system can be adapted as you wish according to what works for you. Harmonicphil has had some good results with a trailing stop approach, I have suggested a Fixed Odds approach which is probably better described as a Fixed Target approach. If it’s profitable and repeatable its good. Let us know how you get on.
Hi All
I have renamed the Fixed Odds to Fixed Target which seems to better describe the approach. Attached is the full year results. Three final trades were losses which took the edge off the December results however we still finished in positive territory, so 12 winning months and no losers. The notional balance of £1000 rose to nearly £16,000 by the end of the year. This does exclude swap/rollover charges, assumes every trade is taken at the opening price and the account was sufficient to allow multiple trades to be taken. Any of these could reduce the final balance also different brokers/platforms can produce different trades. Nonetheless It seems clear this is an example of a profitable and repeatable strategy for the three pigs system. All the best for the holiday period will catch up again in the new year.
3LP Fixed Target.zip (94.9 KB)
Merry Christmas to all from this thread!!!
You worked well, FOUR CANDLES. Only one misunderstanding for you: how you established each stake?; you got an algorithm?
Thanks
Hi gynexx, I did not have an algorithm, I simply looked at the charts. I wanted to achieve about a 2:1 win/risk ratio and 60 pip target/30 pip stop seemed about as good as anything else. I did change this for the JPY pair. It is possible other win/risk ratios might work better but I have not looked into that because the 60/30 is profitable enough for me.
All the best
Hello Four Candles,
one quick question. Are your 4hour bars set up like mine? I mean every candle opens at GMT 12am, 4am, 8am, 12pm, 4pm, 8pm?
Any difference in this setting could give some slightly different results, no?
Thanks for your work by the way 
Yes, as far as chart times are concerned. The local time here in the UK (GMT) is 2 hours behind based on ETX Capital.
Regards
Thank you
So according to the strategy, we just had a winner on EUR/USD overnight. I’m forward testing on demo account and might go live with it afterwards.
Just a quick note to four candles. Can you check the spread sheet details for the trade you took for EURGBP on the 18th Dec. 2013 According to my charts this was a winner ( +60 pips ) but you have it down as a loser of -50 pips. This would alter the December and overall results to your advantage by quite a bit.
Happy New Year to all.
Thanks Phil and 4candles - A happy new year to both (and all on here), look forward to this strategy proving itself in 2014 based on both of your approaches - Perhaps we can start a poll !
Hi Captain Scarlet
The EURGBP trade was indeed a win in fact other trades since 20th proved profitable, I make December 400 pips profit based on the rest of news year eve doing nothing. The system does seem to be resilient to News, NFP etc. so may be its best left to run, however I have not checked out running over the weekend; after a hard weeks graft!! we are entitled to the weekend off.
All the best for the new year
Hi Kneesup
A very happy new year to you and all. Regarding which trading method is best in my view if its profitable, repeatable and works for you its good, the rest is not important. The fixed target approach is somewhat counter intuitive to a trend following system but seems to work so that’s good enough for me.
Happy 2014
Attached is an updated spreadsheet for 2013 for the Fixed Target approach. Trades closed out on a Friday have been updated to close out at 23:00 chart time, this is 21:00 UK local time. 21:00 chart time had been included in error, it makes little difference to the overall results. Once again these results are based upon ETX Capital charts, other providers can vary and spread, rollover/swap charges are not allowed for.
Best of luck with your 2014 trading.
3LP Fixed Target.zip (97.2 KB)
[QUOTE=“four candles;583760”]Attached is an updated spreadsheet for 2013 for the Fixed Target approach. Trades closed out on a Friday have been updated to close out at 23:00 chart time, this is 21:00 UK local time. 21:00 chart time had been included in error, it makes little difference to the overall results. Once again these results are based upon ETX Capital charts, other providers can vary and spread, rollover/swap charges are not allowed for. Best of luck with your 2014 trading. <img src=“301 Moved Permanently”/>[/QUOTE]
When i click on the photo, it just says “error”