LeRoadRunner's Trading journal

2020-04-15 Learning phase

This has been going on for about 3 weeks. So far accomplished:

  • Installed MetaTrader4 with a 30day Demo account from Forex,com (I dont think 30 days will be enough)
  • Babypips Education (progress 109 of 337)
  • Finished reading book (also played with code): Expert Advisor Programming by Andrew R Young (2010)

ACTIONS ITEMS:

  • Find an unlimited Demo provider
  • Continue BabyPips education
1 Like

2020-04-16 Learning Phase

Continuing the above.

ACTION ITEMS

  • WIP: Babypips now at 115/337. Busy work day yesterday.
  • COMPLETED: Unlimited Demo account provider. As I am Canadian, I found https://www.oanda.com.
  • NEW: Investigate long term real provider for a Canadian. I am not sure that oanda is the best yet.

TRADES:

None

2020-04-20 Learning Phase

Continuing the above.

ACTION ITEMS

  • WIP: Babypips now at 140/337.
  • WIP: Programming a few Advisors to learn and for fun
  • WIP: Investigate long term real provider for a Canadian. I am not sure that oanda is the best yet.

COMMENTS

Altho, I know a lot of the indicators, I am learning quite a lot of new ones as well. I always preferred the Technicals anyways. The Learning Phase will be long, which is fine.

TRADES:

None

2020-05-01 Learning Phase

Continuing the above.

ACTION ITEMS

  • WIP: Babypips now at 202/337.

  • COMPLETED: Investigate long term real provider for a Canadian. From reviews, I think Oanda will work for me.

  • Developed one strategy in MT4, early backtesting appear worth further backtesting.

TRADES:

None

2020-05-08 Learning Phase

Continuing the above.

ACTION ITEMS

  • WIP: Babypips now at 299/346.
  • WIP: Developed one strategy in MT4, early backtesting appear worth further backtesting.
  • WIP: practicing strategy on Live demo account, for adjustments.
  • COMPLETED: High level plan of Strategy development, attached.

TRADES:

None

1 Like

2020-05-15 Early Strategy development

ACTION ITEMS

  • COMPLETED: Yay, for me, graduated Babypips. Really well done, I learnt a lot, and will still refer to many parts of course. Namely Risk Management, I will abide by max 2% commitment on each trade.

Strategies:

3MA+2MA:

  • Description: Using 3 MA on targeted timeframe, plus another 2 other MA on above timeframe for trend.
  • Status: Developed strategy in MT4, early backtesting appeared worth further investigation, however, when put into my UAT (yes, I’m a computer developer) and run on its own, numbers are not supporting moving it further. Refine/review in DEV.

Engulfing Pattern

  • Description: a simple variation with some rules on Englufing pattern.
  • Status: backtesting appears promising, promoted to UAT for at least a week of Live Demo trades.

TRADES:

None. Opened a real account, will start with small amount ($500), so you could call it Demo Live with real $.

PS: Not sure if anyone is reading this, but I like that it keeps me honest and helps me document my progression.

1 Like

Awesome trading journal, love the accountability! What does WIP stand for? :slight_smile:

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This is the best way to learn, as long as you stick to your rules. You can tweak your strategy as you go, but remember, money management is the key to keeping your account.

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Oh, thank you. Really didn’t know if anyone paid attention.

WIP is Work In Progress.

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Correct, I am only risking 1% per trade.

2020-05-22 Early Strategy development

This week, I spent a lot of time fixing / improving my EAs as re-usable libraries, as I was finding that I was cut’n’pasting too much. None of my EA were successful yet in unattended demo mode. Next week I’ll spend more time on reviewing them.
So unfortunately not a lot of progress per say.

ACTION ITEMS

Strategies:

3MA+2MA:

  • Description: Using 3 MA on targeted timeframe, plus another 2 other MA on above timeframe for trend.
  • Status: Developed strategy in MT4, early backtesting appeared worth further investigation, however, when put into my UAT. Still being reviewed in DEV .

Engulfing Pattern

  • Description: a simple variation with some rules on Englufing pattern.
  • Status: backtesting appears promising, promoted to UAT for at least a week of Live Demo trades. It did not work well unattended in demo mode. I have gone back and reviewed my backtesting, and my error is that my backtesting was not on a long enough period. Back to DEV.

TRADES:

None.

This sounds like a lot of work! How much time in a week would you say are you spending on working on your EAs? :open_mouth:

Yes, it is a lot of work. I’m probably spending about 20hours right on and off. I am hoping once my Ea stabilizes a bit it will get simpler. It is already getting simpler.

1 Like

2020-05-29 Expert Advisor development

Maybe this phase will take longer than I had expected. Spending quite a bit of time, cleaning up bugs, in reusable libraries, which hopefully will allow me to have some winners faster.

I do not mind as I am learning a lot about Forex as well. This week for example I learned something that I should have taken into considerations. A BUY STOP gets filled at the ASK. Probably pretty basic for everyone, but I kept noticing my EA getting tripped earlier than anticipated, now I have reworked it into the my BUY STOP process. PS: I knew about ASK for a SELL transaction to take into account the distance of the STOPLOSS, It just didnt dawn on me on the BUY side. Duh!

Strategies:

3MA+2MA: still reviewing, have not had much chance this week, real work kept me busy!

Engulfing: made some adjustments, now testing in UAT.

TRADES:

None

Interesting, I also didn’t know this! :open_mouth: