Hi,
Thanks. I just like to know where my money is going after paying my tuition fee
I'm dividing by three to determine the equivalent number of pips I would get if I had been trading 1 lot or 'risk amount' or my '2% per trade'.
The Vegas method calls for splitting your 'trade' up into 3 and exiting each part separately.
If a 'trade' enters and exits for a gain of 10 points on all three parts, then in the profit calculations in the document it is counted as 30 points, which doesn't really reflect what will happen into my account. My account will reflect a gain of 10 points on what I risked on the trade, so for me, I need to divide the total points by three to get an idea of what I will get in my account.
I hope that is clear.
Best regards
Alan
Quoting diallistDislikedGreat job Alan! Thanks for taking the time to be so thorough in your backtesting.Ignored
Quoting diallistDislikedNow as to the errors. They're mine, and I take full credit for them!Quoting firehorseDislikedDivide 4838 by 3 to get the number of points per 'risk on trade' => 1612.6Ignored
You lost me here. Why are you dividing by three?Ignored
The Vegas method calls for splitting your 'trade' up into 3 and exiting each part separately.
If a 'trade' enters and exits for a gain of 10 points on all three parts, then in the profit calculations in the document it is counted as 30 points, which doesn't really reflect what will happen into my account. My account will reflect a gain of 10 points on what I risked on the trade, so for me, I need to divide the total points by three to get an idea of what I will get in my account.
I hope that is clear.
Best regards
Alan