Disliked{quote} hi mastermind, tnx for the system. i have a couple of questions, first 15 min mml octaves are around 20pips generally, dont you think the sl will be hit too frequently? second, do you open same lotsize for all pairs in the same ts set? the reason i ask is because of different pip values for dif pairs.Ignored
However, we only seek a very low strike rate to be profitable.
Using a 4 to 1 Reward to Risk ratio we only need to win 2 trades out of every 9 to be profitable.
Thats only being right 22.2% of the time !
And wrong 77.8% of the time !
5/9 winners will yield a 16% gain.
Ofcourse I could keep spitting out numbers and ratios and probabilities for a very long time.
What I will say though is that this approach can be very easily adapted to the higher TFs such as H1, H4, D1 and beyond.
However, for Order 3 TS's on higher TFs it requires deeper pockets in general partly due to bigger stops involved.
In Post 1 I outlined the formula for calculating the lot sizes.
Yes they will be different for different base currencies due a different pip value even if the octave gap is identical.
Then ofcourse lot sizes will clearly be different when octave gaps are different.
Masterrmind.............
Master your Mind then Master your Trades