The Thief of Wall Street
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Would you trade this system? New system #2. 10 replies
DislikedEight losses in a row.
This is the latest situation
Trade #13 runningIgnored
DislikedTo keep myself focused on the basic logic of this system, have pre-defined my future trades. Will buy or sell as per the list below. Have even pre-defined my sl and tps for each of the next 40 trades. For example my trade #6 will be a short with a tp of 39 pips and my trade # 29 will also be a short for a profit target of 33 pips. If I generate 21 winning trades, will gain 2%.
[color=#0000ff][color=black]My sl will be 2 pips less than the tp target (in Pips) mentioned in the list below. This is to make sl and tp equal in...Ignored
DislikedInteresting system but I have a question - if you think you can win 21 out of 40 trades with a 1:1 R:R, how many trades out of 40 do you think you can win with a 1:2 R:R?
You're basically shooting for a 2% return over 40 trades - couldn't you dramatically increase your profitability by increasing your R:R? Or will it affect your win/loss too much?Ignored