Tuesday, December 16, 2008

First working forex system

I installed MetaTrader4 the other day and already i've found a system that makes money on the past data backtesting.
It's a simple breakout system where the buy/sell orders are reversed (this gives better returns for some reason).
  • If yesterday's price closed lower than the 30 day low, we have a short signal and we go long (cos of the order reversal).
  • And vice versa.
  • StopLoss is set to 80 pips, TakeProfit is set to 100 pips.
This works on the AUDUSD hourly chart and with the breakout period set to 30 it gives a profit factor of 1.18.
And on the 5Min chart with profit factor of 1.07.

I'm still using the position sizing rules that were part of the sample moving average system I started from.  Next step is to figure out what that is doing and look into writing (or finding) some optimal f code for MT4.

So far MetaTrader4 looks like a great platform for system development and because it's free I don't have to write my own platform anymore.

Friday, December 12, 2008


What do I want 6 months from now?

Turn $1000 into $5000 on oanda trading the audusd pair.

Cut working days down to 3 days a week while maintaining lifestyle.

Do at least half the jumps needed to get my skydiving A license.

Tuesday, December 09, 2008


$1000 a month income.

This is the amount I want from any kind of passive income stream. This post is a message to my subconscious to figure this out. There are countless opportunities to generate this income easily and I will take them. There are even ways to do this while helping others generate income aswell.

Friday, December 05, 2008

Thought outlet

I've changed the name of this blog and intend to use it to clarify my thoughts a bit.

My goal over the next few years is to reach financial freedom. That awesome point when I can stop working full time to do whatever the hell I want.
So this is an outlet for my thoughts and a way to keep track of where I'm up to on the path.