This has been a fun week, reworking my settings with the new indicator - I know I said I wouldn't change them for a 100 days. Hard not to when I have more experience under my belt and something new to play with. I have stayed true to having fewer pairs I am following and spending more time focused on how price acts coming out of a cz. Actually I didn't change my settings all that much. The only setting I did change often was the auto reduce one. I just found that a fixed setting would lower the number of Consecutive losses. I think sometimes the cz can get so tight that regular market noise becomes a breakout but its not a true breakout its a market noise breakout.
I have also found that the anti-martingale setting is changing how I approach the market. The pips are about the same as martingale but the risk is so much less in the end. I am still working on my r multiples. What is so interesting about the antim is that I can start with a little larger position than when I was using the martingale. With the martingale I was using a total equity exposure over 4 trades of not losing more than 5% of my equity on a cz set. With martingale I had to then use fewer pips on the first trade and If the first couple of trades out of a cz didn't work by the 4th trade I was increasing my risk with nasty results if it didn't work out. The R-multiples were such that I was risking dollars to earn a few pennies. Which of course makes no sense and I found myself being grateful if the market just got to my target but impossible to go for more because of the fear of such a large loss if the market retraced after hitting the tp.
The anti martingale has let me start with more lots up front where I am now counting on my high first and second trade results more and am more willing to let my 3rd trade run beyond the TP. I am only using 2 trades per cz on my settings to force me to stay focused on the best cz's because I hate to trade at the mercy of the market, where all of my emotions come into play which is not fun. I find it easier to say enough and not force myself to be up all night baby sitting an over exposed CZ set praying that I get back to even.
Might as well end with a trade from last night. My target was the red line .
I have also found that the anti-martingale setting is changing how I approach the market. The pips are about the same as martingale but the risk is so much less in the end. I am still working on my r multiples. What is so interesting about the antim is that I can start with a little larger position than when I was using the martingale. With the martingale I was using a total equity exposure over 4 trades of not losing more than 5% of my equity on a cz set. With martingale I had to then use fewer pips on the first trade and If the first couple of trades out of a cz didn't work by the 4th trade I was increasing my risk with nasty results if it didn't work out. The R-multiples were such that I was risking dollars to earn a few pennies. Which of course makes no sense and I found myself being grateful if the market just got to my target but impossible to go for more because of the fear of such a large loss if the market retraced after hitting the tp.
The anti martingale has let me start with more lots up front where I am now counting on my high first and second trade results more and am more willing to let my 3rd trade run beyond the TP. I am only using 2 trades per cz on my settings to force me to stay focused on the best cz's because I hate to trade at the mercy of the market, where all of my emotions come into play which is not fun. I find it easier to say enough and not force myself to be up all night baby sitting an over exposed CZ set praying that I get back to even.
Might as well end with a trade from last night. My target was the red line .
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