Disliked... a way to smooth out the equity curve and control the drawdowns better.Ignored
- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
Murrey Math indicator is very useful in Forex 68 replies
Murrey Math lines 6 replies
Daily Murrey Math settings 0 replies
Daily/Weekly Murrey Math 7 replies
Murrey math trading 1 reply
DislikedCan you imagine trying to develop this to fit each and every trader's needs? If you accomplished that.. I would immediately endorse you as the forum genius.Ignored
DislikedI'm not sure what your point is. What I proposed (fixed fractional betting) is an old concept. It prevents wild swings in your equity curve; i.e. no single trade can produce a big drawdown.
You have to understand that when you enter a 1 lot trade with the stop 50 pips away and another 1 lot trade with the stop 200 pips away, your risk isn't balanced. Your 200 pip stops *will* be hit, so why not take the same risk with both trades and size them differently?Ignored
QuoteDislikedScott,
what is the reason for going 4 lots on EUR/CAD tonight ?
it has crossed the 5/8 line, doesn't that mean it should be higher lots or have I got it wrong?
thanks,
Steve.
DislikedI'm not normally one to bash or badmouth anyone, but Boutique, how in the world does someone who just signed up on the site, and hasn't even been on here for a full day by the way, come in here and badmouth this strategy? I'll tell you what, when you have accumulated more than 1 post and a little more experience on this forum, come back and voice your opinion and I might listen a little more intently.
This is obviously a demo in which we are covering the basics of the strategy only. Once everyone can grasp the concept, then they can apply their...Ignored
DislikedI'm not normally one to bash or badmouth anyone, but Boutique, how in the world does someone who just signed up on the site, and hasn't even been on here for a full day by the way, come in here and badmouth this strategy? I'll tell you what, when you have accumulated more than 1 post and a little more experience on this forum, come back and voice your opinion and I might listen a little more intently.
This is obviously a demo in which we are covering the basics of the strategy only. Once everyone can grasp the concept, then they can apply their...Ignored
DislikedI am a little miffed why my AUD/NZD didn't close out as the price hit the target Murrey Level and even went past a little. Same thing on AUD/CAD, it should have moved to BES of 25 pips, but didn't. Anyone else have this issue?Ignored
QuoteDislikedHi, mer071898!
Can you add indicator CandleDivergence in archive from first post or put it just here ? And say please what this indy do ?
QuoteDislikedon 11/3 I sold GBPCAD at 1.7511 and soon after entering the trade, it breached the entry level of 4/8. It's currently stalled between the 4/8 and 5/8 lines. It seems like some of you hang onto the trade until you either get stopped out or hit the profit target. Normally I just take the loss and move on, but I'm wondering from the back testing done here what is the better decision? thanks
QuoteDislikedHello Mer,
Did you figure out what happened? I'm just being curious and also if it happens to me I will know why. Thanks...
DislikedJust for kicks and giggles today I ran a manual backtest using my trading simulator on the GBP/JPY from the first of May 2009 til today.
All I did was once a Murrey Level was breached, I place the Stoploss and Target at the usual places (again I personally take off a few pips on the Target and add a few pips to the Stoploss) and just let the trade run until it stopped out or hit Target. I did not take any trades which breached past the 0/8 or 8/8, only if the candle came back through it in the opposite direction. If I incurred any loss, I doubled...Ignored
Disliked1440 and the 1st field which I forgot the name now I use 10 instead of 64 or 32. That will give you tighter stops, try it that way. I will message you what I do privately tonight when I get back from work... Believe me great results so farIgnored
DislikedJust for kicks and giggles today I ran a manual backtest using my trading simulator on the GBP/JPY from the first of May 2009 til today.
All I did was once a Murrey Level was breached, I place the Stoploss and Target at the usual places (again I personally take off a few pips on the Target and add a few pips to the Stoploss) and just let the trade run until it stopped out or hit Target. I did not take any trades which breached past the 0/8 or 8/8, only if the candle came back through it in the opposite direction. If I incurred any loss, I doubled...Ignored