Disliked{quote} Emm, thank you for these links. I'm testing out the MEME MM method in your "Using Multiple Lot Positions To Improve in TMS-II " document on AUDCAD at the moment. Do you have a similar method document for the MEME MM method that you have discussed recently for EURUSD on pull back to get a better average entry? I see that in post https://www.forexfactory.com/showthr...9#post10200339 you stated that you still made money even though the tree entries resulted in -16.9 pips. Obviously position sizing, but do you have a...Ignored
Hi,
I have my own document for TMS system development. This will not be shared here because it will not help those who have not followed my post for the past 5 years and it will only add to their confusion.
I know a few members here do their own system document by taking notes of what being posted in this thread. They write their own notes and understanding of what shared here and they develop their own style of trading.
You pick AUDCAD to trade 4H swing, look at the MN and W1 charts, it is a difficult pair to trade. There are nicer pairs to trade H4, try the majors.
Look at the H4 chart below. It is very difficult to pick the weekly swing high and swing low with good setups.
On position sizing for multiple entries, DO NOT simply increase the lots size for every subsequent ME entries. The total number of entries must be properly planned with a initial stop loss. When we use 5 positions in one basket, the total risk % must not exceed what we have written in our trade plan. For example, if we risk 1% of our trading capital to trade one pair, we divide that 1% into 5 smaller positions risk 0.2% each. Using that risk 0.2% per position, you calculate the trade lot size using the initial Stop Loss distance in pips. To achieve this, your trading capital has to be large and it is not possible to do this with small account because the smallest lot size is 0.01lot.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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