It is very less likely to have 2 consecutive losses with the signal I'm trading, unless I'm trading with the same pairs.
Therefore, if allocate 100%, split in to 2 trades, one for momentum, and one for backing up risk.
Ignoring the leverage that was placed by broker.
Instead of placing stop loss, buy/sell stop, and taking out losses, +10 pips by +10 pips.
Swap and overnight spread is a worst to consider with, that.
40% on momentum, 60% for backing up risk may solve the problem a bit.
I forgot Oanda support a max lev of 1:100.
-A$35 more and my position will be sweep without having the chance to even hit it's SL, I think is better to look for higher leverage broker with low spread, low swap like Oanda.
Hmmm, margin is a big trouble on Oanda working with this strategy.
Either, minimize the TP/SL, to 5/50, or 3/30, but the spread is 3, making TP/SL possibly to 4/48 or 2/28.
Let's try it though, it's Christmas and new year, placing a trade on USD/JPY on Friday, hoping to collect even 0.01% interest.
CHF/JPY went upward nearly to SL 115 .23, haven't hit it's SL yet, another signal came in, CHF/JPY buy signal(95%), 115.15, went hit the TP, and back down to 114.8.
I moved the SL higher because I hedge with a buy position. The profit +25pips I made on the buy position tops up the SL I had on my sell.
I'm looking forward for a down before 115.3, yet I did another hedge for 115.25.
The signal earlier for CHF/JPY with SL 114.93 hits, 93%, that when I was hesitate if I should enter anyway below 95%.
The margin is still an issue on Oanda, I think of switching provider but I love fxtrade, not only it's flexible on units but shows your average position, $ to risk, and flexible market order.
10/40 = 50 Pips in Total
25/100 = 125 Pips in total.
Both are 80% break even.
10/40 produce 1 signal each month.
25/100 produce 16 signal each month.
Since 10/40 aren't exact 50, but adding spreads into it, will be 53 pips, that 3 pips holds 5.7% edge.
25/100 on the other hand, 128, 3 spreads holds only 2.34%
15/60, 78 pips, 3 spreads holds 4%.
Good luck with this bro. I'm actually doing something a bit similar and I call it "High risk high reward, low capital".
Ignored
I did hope to see your success and know some detail about your strategy too, I love exploring my own area of idea, including those that are similar to.
Out of 50 +/- signal over here with a 95%+ win rate, only 1 CHF/JPY is still floating above 114.20, it suppose to hit it's SL 115.23.
It goes high up to 115.15 and bounce downward till 114.3, and it's now 114.9, TP is 114.12.
I hate waiting and the spread is eating up its profit, I hedge and close several position.
So far so far.... I'm hoping to turn $100 to $1,000,000 in 6 months if possible.
