As i'm reading @Where is the EDGE in trading? The most important thing in trading! @
Since in trading we need to have an edge,
i;m planning to go for Grid trading !!
since the market :
Range --80%
Up trend --10%
Down trend --10%
Using Grid trading, (no need to guess, just place orders mechanically)
No martingale, all fixed lot size
With predefined TP, SL, direction and grid size (eg sell USD direction, buy Gold or silver, etc)
Spread across a few pairs to diversify .
That it self should be an edge.
Just examples:
using 0.1% account size, TP 100pips ==> 0.1% win
Predefined SL to 5% lose , the Grid should have 1000pips
Win - 0.1% (90% =10+90)
Lose - 5% (10%)
Assuming, we have 20:1 win/lose rate
win --> 90 x 0.1 x 20 = 180
lose -->10 x 5.0 x 1 = 50
With above assumption and examples, i think i have got an Edge to be profitable traders,
what do u thinks guy ? Feel free to include any assumption that i missed out ... Thank you
*Personally i plan to use big $$$ to implement this strategy,
estimate weekly return would be 1--2%, 1 year return around 40--60%
Even got hit a few SL, the net return should be around 20--40% estimated.
Since in trading we need to have an edge,
i;m planning to go for Grid trading !!
since the market :
Range --80%
Up trend --10%
Down trend --10%
Using Grid trading, (no need to guess, just place orders mechanically)
No martingale, all fixed lot size
With predefined TP, SL, direction and grid size (eg sell USD direction, buy Gold or silver, etc)
Spread across a few pairs to diversify .
That it self should be an edge.
Just examples:
using 0.1% account size, TP 100pips ==> 0.1% win
Predefined SL to 5% lose , the Grid should have 1000pips
Win - 0.1% (90% =10+90)
Lose - 5% (10%)
Assuming, we have 20:1 win/lose rate
win --> 90 x 0.1 x 20 = 180
lose -->10 x 5.0 x 1 = 50
With above assumption and examples, i think i have got an Edge to be profitable traders,
what do u thinks guy ? Feel free to include any assumption that i missed out ... Thank you
*Personally i plan to use big $$$ to implement this strategy,
estimate weekly return would be 1--2%, 1 year return around 40--60%
Even got hit a few SL, the net return should be around 20--40% estimated.