DislikedActually I prefer to look the price. But if your method is profitable, it would great to see your statement))))Ignored
Good Luck.
The Thief of Wall Street
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DislikedActually I prefer to look the price. But if your method is profitable, it would great to see your statement))))Ignored
DislikedThat has to do with your risk or money management policy, nothing to do with designing a strategy that earns you 10 pips per trade with certain % of probability.Ignored
DislikedActually I prefer to look the price. But if your method is profitable, it would great to see your statement))))Ignored
DislikedI thought about you can do it by this way also... I am about 10 pips per day..
50 pips for a week or 200 pips for a month..
But I think 50 pips a week sounds so easy. One order per week, get 50 pips thats allIgnored
DislikedI'm afraid I must disagree. Return is impossible without some kind of risk; the two are inextricably linked. Understanding the relationships that exist between return and risk is a prerequisite to becoming a successful trader.
In attempting to make your 10 pips per trade, what will you do if the market moves unfavorably? If you don't have a loss exit strategy, there's the possibility that price might move several hundred pips against you, before it returns to +10. Or it might never reach +10 during that day. You need to manage that downside, as...Ignored
DislikedHow much you are willing to risk before making 10 pips has to do with your money or risk management policy. It's a totally different concept.
........
What this thread is discussing is whether it's possible to make 10 pips 100% of the time and how.Ignored
DislikedJust for starters, your probability of making 10 pips depends a great deal on where you set your stoploss. For example, if Mr A has TP=10 and SL=10 (sets his SL 10 pips from entry), and Mr B has TP=10 and SL=20 then (assuming everything else is equal, and ignoring costs), Mr B's win probability will be approximately double Mr A's, even though both are aiming for 10 pips profit. Hence I don't see how it makes any sense to talk about the probability of making 10 pips, without factoring in the risk.
One thing we can say with absolute certainty is...Ignored
DislikedHanover, we just have different definition of what's "probability of win"........Ignored
DislikedLike I said before, risk is NOT amount of loss; it's the probability of loss. If your trading strategy has a low probability of loss, as long as you set the SL at a reasonable amount of pips, you will still profit in the long run. But if your strategy has a high probability of loss, regardless how low you set your SL at, eventually it will bleed you dry and you end up closing your account and this is why majority of the new traders fail.Ignored
Disliked4. Look at the sky through your window, if Mercury collides with Jupiter execute your short order.Ignored
Dislikedhi feliks,
no one asked you these questions so i'm asking you this.
first, how do you determine your entry with your ea??Ignored
QuoteDislikedsecond, which TF do you execute this ea on?? probabilities are higher for you to get 10 pips on larger TF. it's not impossible but it's hard!! you're not the first one with this idea!!
QuoteDislikedthird, if it is easy, then your acct in 2004 wouldn't have blown up!!! why don't you just aim for 1 pip?? isn't getting 1 pip easier!! it's whether you have the discipline to stick to it.
QuoteDislikedmarket conditions have changed abit in the last few months. trend seems to be heading in one direction. but suddenly shoot the other way by 40 or 50 pips. due to some big mouth or a report from some hedge funds. it's been more volatile with the japanese crisis now.
can your EA adapt?? thanks
DislikedIf you ask about 10Pips10Ema, the rule written below that post. I just want to see rules that i can include the EA and backtest, then show the results..
I used that on on M5 or M15. But if you want to gain 50 pips per week and 200 per month i'd look to H4, Daily and Weekly.
Broker hasn't allow for 1 pip. minimum pip distance 5 pips, so i set the minimum. The result differ with other brokers by the way...
If you will use 50 pips..or 200 pips.. Yes you will get risk. But if you find a better way to gain 1 pips per order (10 order) or another...Ignored
Dislikedhi feliks,
entry: so your EA enters a trade when price closes above or below the ema? or when price bounces off the ema? what is your stoploss?
if the aboves are the case, then you will get more losses than you imagine. due to whipsaw and fakeouts. your ea is a robot that cannot see whether prices are in a range. it also does not know when news is coming out and stay out from entering trades. it also cannot see whether trend might be changing direction. it might enter a trade according to entry rules. but the move maybe losing momentum and...Ignored
DislikedI don't argue against all you sad. That 10 EMA strategy isn't my rules and i don't professional coder. I just know it can be 10 pips, maybe with another rules. But can! Just i believe it. 10 pips gaining isn't need so much giving attention to news, trend and another factors. Thats why i wrote 10 pips. This number of pips market can do every day. We just need to find a better way to achieve from this much as we can. Losses can be, i don't deny. For example i can prefer such as simple strategy.
Daily
21EMA and 8EMA
RSI(21)
8>21 and RSI(21)>50...Ignored
DislikedAgreed. 10 pips a day can be achieved by even some simple moving average crossing system or by observing the Ichimoku. Try the Ichimoku!
Good luck!Ignored
DislikedMA crosses can be profitable, but one should never trade the cross just because it crosses. Looking to the candles will give you better set ups. One example would be to wait until a candle high or low is broken before entering in the direction of the MA cross.Ignored