Cut your Losers short and let your Winners run.
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,487 Posts
MT4/MT5 EAs/Indicators/Alerts coder
cTrader - Lazy Hull Moving Average Trading 26 replies
Lazy Open Trading 159 replies
Lazy.Mine Trading Journals 5 replies
The Lazy Man Daily Trading Plan... 4 replies
The Lazy Forex Trader's Way to Riches 16 replies
Disliked{quote} Bad idea. Martingale strategy will recoup your losses some of the time, but when it doesn't it virtually wipes out your account.Ignored
DislikedDraw Down chart for today. I am using this information to guide me on a realistic SL, so I am looking for maximum Draw down, today if you were 2.5mins late entering on trade number 6 max draw down could have been 18 pips, at present I am using a 24 pip hard stop but managing the trades manually. TP is hit on average, so far, within the first 5 mins if it is not hit then I am looking down at the 15 min TF and even the 5min to get an idea as to what is going on. This is why we back test and/or forward test to assimilate this sort of information. BTW...Ignored
DislikedDraw Down chart for today. I am using this information to guide me on a realistic SL, so I am looking for maximum Draw down, today if you were 2.5mins late entering on trade number 6 max draw down could have been 18 pips, at present I am using a 24 pip hard stop but managing the trades manually. TP is hit on average, so far, within the first 5 mins if it is not hit then I am looking down at the 15 min TF and even the 5min to get an idea as to what is going on. This is why we back test and/or forward test to assimilate this sort of information. BTW...Ignored
DislikedThe percentage of success is quite high, so that after a losse trade multiply x2 lots, it seems safe, I doubt that we have to reach above factors x8 multiplication.Ignored
DislikedHi. It's been a while since I last posted anything on this, or any site. The reason is I finally found my system. Plus, I also grew tired of the over inflated ego's of many of those that post frequently. 'Mladen'' on Forex TSD is the very best example of how to do things in a proper manner. Full disclosure of everything he does, all indicaters free & decompiled. This site, & TSD, are FREE & OPEN public sites. Anything posted should be the same. If you want to keep a secret....DON'T TELL ANYONE........that's the moan over with. I have traded the...Ignored
Disliked{quote} Thank you very much for this posting. I have some question: we have to wait until both indicator show same direction? If show then same direction of the higher frame. Or can you please tell me your system… Thanks again…Ignored
Disliked{quote} Dee50, Thanks for the share and analysis. My entry for the second last entry (18 pip DD one) was at 1.60348. My entry was sharp at 17.00. It did not hit TP. Me too use Armada. I closed it later for -10 pips. What was you entry point? Appreciate your help. Thanks bluejackIgnored
Disliked{quote} Thank you very much for this posting. I have some question: we have to wait until both indicator show same direction? If show then same direction of the higher frame. Or can you please tell me your system… Thanks again…Ignored
Disliked{quote} If you read the first 3 pages , he has clearly mentioned about it.Ignored
Disliked{quote} Sorry but I did not trade GU today but looking at the chart, if I had been, I would have had to exit just like you. This is why we need to demo this method for a while, to work out how to get out when fate tickles your balls and misses your TP by one pip.Ignored
Disliked{quote} Sorry.. It was my mistake. I thought your chart was G/U. BluejackIgnored
Disliked{quote} Dee50, Thanks for the share and analysis. My entry for the second last entry (18 pip DD one) was at 1.60348. My entry was sharp at 17.00. It did not hit TP. Me too use Armada. I closed it later for -10 pips. What was you entry point? Appreciate your help. Thanks bluejackIgnored
Disliked{quote} I set a SP = 15, but after 15 minutes I leave the operation, yet have never been lost to SP. The percentage of success is quite high, so that after a losse trade multiply x2 lots, it seems safe, I doubt that we have to reach above factors x8 multiplication.Ignored
DislikedGuys, how did you finished with todays 3pm UK time trade? At the beggining of the hour NonLagMa was red and then it reversed. Did you took loss of 16 pips or somehow managed to take 3 pips profit?(after spread it is only 2 pips). {image}Ignored
Disliked{quote} I think this is the same trade that "Bluejack" and "AllyB" ended up closing for -10 pips and probably every one else! Looking at the chart I think it is unlikely that any one closed for a profit.Ignored
Disliked{quote} I think this is the same trade that "Bluejack" and "AllyB" ended up closing for -10 pips and probably every one else! Looking at the chart I think it is unlikely that any one closed for a profit.Ignored