NB, i know what NB means in Chinese, hoho.
Glad to see that we are in the same trench in the forex battlefield--trend trader.
if you agree that a trend is the only way you'll count on and trust, could i share some humble thoughts?
1. a tiny portion of postion, may be set as breakeven, and let it run till you are shocked. for example, your trading 0.05 lot, but when exiting, only exit 0.04 lot, leave that 0.01 lot running for free.
2. your mptm setting is too conservative. see, if you set BE 3 pips @ 15 floating pips, then your cost for this trade is (using eurusd as an example): 2x2 = 4 pips (2pips for enter, 2 pips for exit). Ok, now, this is a trend system, and you paid such high commision (4 pips) only to get 3 pips back?
as to point 2 above, let's recall how long it took you to go from 15min to 1hour to 4hour in your previous systems? 2 years or so. now, you are trading a trend system, it is definitely more reasonable NOW to use higher TF and larger pips numbers.
I'm not elaborating statistics here due to my time restraint. however, you'll get the point. if you use BE lock 100 pips at floating 500 pips, the trading cost will be 4 pips / 100 pips = 4%. 4% is more negligible compared to current trading cost %.
now this 4% is already significant to some professionals, because many system has 55% vs 45% win ratio (already holy grail), that advantage will be almost killed by 4% or 5% trading cost.
.......don't even mention lock 3 pips at 15 floating.
we are definitely on the correct path though, it is really exciting to see that you take this direction.
Glad to see that we are in the same trench in the forex battlefield--trend trader.
if you agree that a trend is the only way you'll count on and trust, could i share some humble thoughts?
1. a tiny portion of postion, may be set as breakeven, and let it run till you are shocked. for example, your trading 0.05 lot, but when exiting, only exit 0.04 lot, leave that 0.01 lot running for free.
2. your mptm setting is too conservative. see, if you set BE 3 pips @ 15 floating pips, then your cost for this trade is (using eurusd as an example): 2x2 = 4 pips (2pips for enter, 2 pips for exit). Ok, now, this is a trend system, and you paid such high commision (4 pips) only to get 3 pips back?
as to point 2 above, let's recall how long it took you to go from 15min to 1hour to 4hour in your previous systems? 2 years or so. now, you are trading a trend system, it is definitely more reasonable NOW to use higher TF and larger pips numbers.
I'm not elaborating statistics here due to my time restraint. however, you'll get the point. if you use BE lock 100 pips at floating 500 pips, the trading cost will be 4 pips / 100 pips = 4%. 4% is more negligible compared to current trading cost %.
now this 4% is already significant to some professionals, because many system has 55% vs 45% win ratio (already holy grail), that advantage will be almost killed by 4% or 5% trading cost.
.......don't even mention lock 3 pips at 15 floating.
we are definitely on the correct path though, it is really exciting to see that you take this direction.
DislikedWe will come up with insights to trading when the markets are changing trends which appears they are doing. Amazing that so many are doing it at once though.Ignored