sorry fed; my mistake.....
- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
Murrey Math indicator is very useful in Forex 68 replies
Murrey Math lines 6 replies
Daily Murrey Math settings 0 replies
Daily/Weekly Murrey Math 7 replies
Murrey math trading 1 reply
QuoteDislikedHow I do my Money management, I do put 2-1 so if I profit 1 I risk 2 which doesn't sound great I know, what I do is that I put an alert to my cell when price moves against me to 1-1 then I look at my trade carefully and if the price doesn't break my way and continues the wrong way then I close my trade, so that way I am still with 1-1 RR.
DislikedHere are my closed trades from last night:
My Eur/Usd trade has closed out @ 48 pips (BES-24 pips + TS-12 pips x2) for a profit of $3840.00 with 8 lots
My Eur/Gbp trade has closed out @ 27 pips (BES-18 pips + TS-9 pips x1) for a profit of $3538.88 with 8 lots
My Gbp/Chf trade has closed out @ 60 pips (BES-30 pips + TS-15 pips x2) for a profit of $2605.83 with 4 lots
My Aud/Nzd trade has closed out @ 9 pips (BES-9 pips) for a profit of $267.46 with 4 lots
So far we've had a $13K+ day and my Gbp/Chf is still active with a triggered BES of...Ignored
DislikedFreewheelin, no apologies needed for the English, lol! I will answer these one by one:
1. Do you only increase lot size on those who were losers?
Yes, I only increase the lot the on those trades that are losers.
2. Could it be that sometimes the whole bets you have to place can overwhelm your account size? Example:
Trade ONE 4 lots
Trade TWO 2 lots
Trade THREE 6 lots and so on
Easily those bets can exceed the account size and margin.
[b]Yes , that is always a possibility. That is why I traded this on the trading simulator I posted...Ignored
QuoteDislikedI have a question regarding the stealth v2 EA. Must i set the enable trailing parameter to true? Cause I want to use the trailing step method. Thx
QuoteDislikedIs it right that i have to keep MT4 always on, if i use the stealth EA?
QuoteDislikedTrying to decide what I'm missing by rarely referring to the T_S_D daily range calculator. How is it best used?
QuoteDislikedOne little nuance that you seem to look at is you want the open and close of the crossing candle to straddle the MM level. A wick that crosses the level doesn't count. Does this capture it?