DislikedWhy not take out 25-50% of your winnings as reserve? in this case you will be wiped out in 4 losing streaks rather than two. Someone do the math pleaseIgnored
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- #2,462
- Jan 11, 2018 4:47pm Jan 11, 2018 4:47pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Work smarter,not harder
- #2,463
- Jan 15, 2018 1:05pm Jan 15, 2018 1:05pm
Hello i m currently doing something similar and i would like to hear some opinions or better said discuss this idea.
I use a reverse martingale combined with a martingale
So. I set lot size 0.1 and sl and tp for example 50 50
Then i set my martingale multiplier to 0.01 so the next lot if i lose will be 0.01 ... so the cool thing about that is i lose all trades that happen in a row only with 0.01 lot. And if i win a few trades in a row i win them with 0.1 lot. Its almost profitable. Now i have a question what do you guys mean i would have to set my stopp loss to ? Combined with this strategy to be profitable.
For example if i set stopp loss 15 and take profit 30... all trades lost go to 0.01 lot in the row. And if i win 2 30pips i will get one time 0.1 with 30 pips...
Now i am able to set a reverse martingale too
So if i set 50 sl 50 tp, all loses in a row wont be consider much but winns can be doubled !
I love this system but i havent found out how to find the perfect size ratio etc but it has got potential. If you have any logical, mathematical idea please answer!
Regards..
Ayeah and the trading strategy is use the closing price of every candle and open in oppoaite direction! Win rate is 50:50 everytime! Have fun and please answer if you have any cool idea how to combine those things in the right way
I use a reverse martingale combined with a martingale
So. I set lot size 0.1 and sl and tp for example 50 50
Then i set my martingale multiplier to 0.01 so the next lot if i lose will be 0.01 ... so the cool thing about that is i lose all trades that happen in a row only with 0.01 lot. And if i win a few trades in a row i win them with 0.1 lot. Its almost profitable. Now i have a question what do you guys mean i would have to set my stopp loss to ? Combined with this strategy to be profitable.
For example if i set stopp loss 15 and take profit 30... all trades lost go to 0.01 lot in the row. And if i win 2 30pips i will get one time 0.1 with 30 pips...
Now i am able to set a reverse martingale too
So if i set 50 sl 50 tp, all loses in a row wont be consider much but winns can be doubled !
I love this system but i havent found out how to find the perfect size ratio etc but it has got potential. If you have any logical, mathematical idea please answer!
Regards..
Ayeah and the trading strategy is use the closing price of every candle and open in oppoaite direction! Win rate is 50:50 everytime! Have fun and please answer if you have any cool idea how to combine those things in the right way
- #2,464
- Edited Jan 16, 2018 1:32pm Jan 15, 2018 6:19pm | Edited Jan 16, 2018 1:32pm
I've been giving this a go for the past couple weeks. So far I've taken $200 to $2,000, although I don't plan on going for 9 net winning trades. For one thing, my broker lowers leverage on accounts over $10K which would negatively impact my trading approach. Also, I don't think I have the balls to risk $50K on a $100K account 
My results are good so far, albeit, I don't follow R2R's exact approach. In my opinion, it's not easy to have a >60% win rate when you're trading 1:2 risk/reward. The whole point of trading 1:2 is that you can still be profitable even with a <50% rate. So, my solution to mitigate risk with this method is to set my stop to a few pips above break even when I've reached 50% of my target. This way I come away with something when the trade doesn't quite get 1:2, which I've found to be helpful and has kept me from losing half my balance on a few occasions already. The obvious downside to doing this is when a reversal puts you just momentarily in the red, only to turn back in your direction and hit your TP. But honestly, this doesn't bother me. I'll miss out on these few opportunities to cut back on losing trades, especially when a losing trade is half of your balance.
My actual trading approach is taking range breakouts. I don't use indicators, except for a 100 MA to get an idea of general direction. I'm usually looking at the 15M or 1HR chart for ranges. The ideal range for me is somewhere around 20-30 pips, and obviously the longer the range the better.
Here is a pretty straight forward example from a few days ago:
My results are good so far, albeit, I don't follow R2R's exact approach. In my opinion, it's not easy to have a >60% win rate when you're trading 1:2 risk/reward. The whole point of trading 1:2 is that you can still be profitable even with a <50% rate. So, my solution to mitigate risk with this method is to set my stop to a few pips above break even when I've reached 50% of my target. This way I come away with something when the trade doesn't quite get 1:2, which I've found to be helpful and has kept me from losing half my balance on a few occasions already. The obvious downside to doing this is when a reversal puts you just momentarily in the red, only to turn back in your direction and hit your TP. But honestly, this doesn't bother me. I'll miss out on these few opportunities to cut back on losing trades, especially when a losing trade is half of your balance.
My actual trading approach is taking range breakouts. I don't use indicators, except for a 100 MA to get an idea of general direction. I'm usually looking at the 15M or 1HR chart for ranges. The ideal range for me is somewhere around 20-30 pips, and obviously the longer the range the better.
Here is a pretty straight forward example from a few days ago:
- #2,465
- Jan 15, 2018 6:35pm Jan 15, 2018 6:35pm
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #2,466
- Jan 16, 2018 5:31am Jan 16, 2018 5:31am
I've been giving this a go for the past couple weeks. So far I've taken $200 to $2,000, although I don't plan on going for 9 net winning trades. For one thing, my broker lowers leverage on accounts over $10K which would negatively impact my trading approach. Also, I don't think I have the balls to risk $50K on a $100K account
SP
- #2,470
- Edited Feb 8, 2018 3:33am Feb 7, 2018 7:26am | Edited Feb 8, 2018 3:33am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Summaryeposit/Withdrawal:-929.00Credit Facility:0.00 Closed Trade P/L:1 010.58Floating P/L:-4.20Margin:76.68Balance:80.89Equity:76.69Free Margin:0.01 Details:{image}Gross Profit:1 159.61Gross Loss:149.03Total Net Profit:1 010.58Profit Factor:7.78Expected Payoff:3.57 Absolute Drawdown:0.00Maximal Drawdown:69.41 (11.70%)Relative Drawdown:11.70% (69.41) Total Trades:283Short Positions (won %):201 (70.15%)Long Positions (won %):82 (98.78%)Profit Trades (% of total):222 (78.45%)Loss trades (% of total):61 (21.55%)Largestprofit trade:63.60loss trade:-67.40Averageprofit...
Best regards
- #2,472
- Feb 8, 2018 3:32am Feb 8, 2018 3:32am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
{quote} my history report. started with usd50.00 and i made over 900 .i took my profits 900 out and i plan to start over from about 80.00 to see if i can repeat it.
Ok thank You good trading and intresting, I hope and think you can repeat it.
But you had many trades so you dont follow the risk 1 to get 2 principle ? Best regards
- #2,473
- Feb 8, 2018 4:35am Feb 8, 2018 4:35am
{quote} Ok thank You good trading and intresting, I hope and think you can repeat it.
As with any system or strategy, it is not 100%
- #2,476
- Feb 8, 2018 7:11am Feb 8, 2018 7:11am
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
{quote} trade closes . follows your own rules put all back in the market or bank your profits and start over with 50 or 100 {image}
Thank You for trying to explain but still i dont get your strategy how you trade
Are you risking 1 percent of your account thaat you have all the time maximum drawdown was almost 12 percent and maximum losses in a row was 12 ? Best regards
