Things looking well so far spiderman. Interested to see if you can get a few addons running with compounding.
I did some maths on a 4 hr chart with a cherry picked perfect trade just to see how it "could" make a difference "if" I could apply the 50% addon rule to my own variant of your idea and the results where so amazing I rechecked three times as I thought it must be a mistake. To be honest the sceptic in me says I could never do it live but the maths doesn't lie. So I see it as an encouragement and a movator even if in my case extremely unlikely with my modest ability.
I had 1 trade with 4 addons with a range of 14-20 pip Stop Losses and a total pip range from entry to exit of 269 pips so much shorter TF. and with a 100 risk I ended up with 26,625 I had to laugh, the chicken in me would have found it very very difficult to place those last large position trades and emotionally I could not really do it at this stage at least. But nevertheless the maths holds true, in my case on this relatively short trade I would have a Risk of 1 for a reward of 266 that would cover a few losers...!
Don't worry I gave myself a pinch of reality and am back to normal now. Seriously though I really do wish you well in this and hope those addons and compounding kick in with the resulting multiplying factor. I think even knowing these "possibilities" are a good antidote when you have a string of small losers or BE's to keep taking the next trade. The knowledge that 1 good trade could cover a multitude of small losses is emotionally strengthening. At least that's how I find it.
I did some maths on a 4 hr chart with a cherry picked perfect trade just to see how it "could" make a difference "if" I could apply the 50% addon rule to my own variant of your idea and the results where so amazing I rechecked three times as I thought it must be a mistake. To be honest the sceptic in me says I could never do it live but the maths doesn't lie. So I see it as an encouragement and a movator even if in my case extremely unlikely with my modest ability.
I had 1 trade with 4 addons with a range of 14-20 pip Stop Losses and a total pip range from entry to exit of 269 pips so much shorter TF. and with a 100 risk I ended up with 26,625 I had to laugh, the chicken in me would have found it very very difficult to place those last large position trades and emotionally I could not really do it at this stage at least. But nevertheless the maths holds true, in my case on this relatively short trade I would have a Risk of 1 for a reward of 266 that would cover a few losers...!
Don't worry I gave myself a pinch of reality and am back to normal now. Seriously though I really do wish you well in this and hope those addons and compounding kick in with the resulting multiplying factor. I think even knowing these "possibilities" are a good antidote when you have a string of small losers or BE's to keep taking the next trade. The knowledge that 1 good trade could cover a multitude of small losses is emotionally strengthening. At least that's how I find it.