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How To Beat The Market Trading Just 30 Minutes Per Day 3 replies

beat the market by Ed Thorp 20 replies

Attachments: (binned per thread starter's request) Beat The Market strategy
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(binned per thread starter's request) Beat The Market strategy

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  • Edited Sep 23, 2019 11:03am Sep 22, 2019 11:25pm | Edited Sep 23, 2019 11:03am
Quoting lddd
{quote} The amount of Pips is totally irrelevant to the risk you take if you calculate risk in percentages to your accounts equity. A Trader A could make 100 Pips a day and end up in 10% ROI A Trader B could make only 10 Pips a day and end up in 10% ROI. Both with exactly the same risk. Both could decide only to use 2% risk per trade to achieve that no matter how many pips the strategy CAN do. Therefor "Pips" are an absolutely meaningless measure of a trading strategy. That's all i wanted to say, so more pips doesn't mean more success or less risk....
As BTM talks about his profit and loss in pips, we can see that he is using FIXED LOT for money management (e.g. 0,1 lot for every trade); and you are talking about FIXED PERCENTAGE money management (e.g. 2% of equity for every trade).

I think both of these methods have pros and cons, while FIXED PERCENTAGE you can control the risk more easily (because you know that you will only risk a specific amount of percentage of your account every time), but it may litmits the potential profit (you can make 1000 or 10 pips a day but you will earn the same amount of money).

About FIXED LOT, you can earn all the potential profit (of couse 10 pips and 1000 pips is different in this situation right ), but it's also harder to control the risk.

So after all, it boils down to trader's preference, and we cannot tell anyone right or wrong. But what important here is whether the strategy PROFITABLE or NOT right?
As BTM said before within 2 weeks he could make over 2000 pips with his account, if we have 1000$ account and trade 0,01 lot every trade, that would be over 200$, so over 20% ROI. (I don't know about the drawdown of his but guess it's way smaller than his profit gain).

Just my 2 cents, @lddd.
Thank you again @BTM for this amazing strategy!. Hope we can all generate good profit.
Quote
The amount of Pips is totally irrelevant to the risk you take if you calculate risk in percentages to your accounts equity
Risk/money management is one topic everyone can get for free outside there, what is important to us is a consistently profitable strategy. Let the grumblers grumble and the traders trade.
Quoting jd1965
{quote} Yes, telegram group would be good.
I am personally not looking toward a telegram group of distraction. If someone could not make money reading this thread, how do you think telegram will be of help? As you can also see nobody is giving a live call here hence telegram is not going to do any good than adding more distractions. Everyone should do his/her due diligence. My own view
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Alert from dashboard, then
Open the system
Check the tips and apply it

TIPS 6 : If you get signal near trend indicator bands,it is risky to take that trade,because TIPS 1 told us price comes back inside .

Also TP1 and TP2 outside the band.

This is how BTM work without unnecessary questions.
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Hi,
Thanks for sharing the strategy

My first trade. Are SL and TP well set up?
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Quoting 788
Hi everyone. I am new here and I just started following this thread over the weekend. Thanks BTM for sharing this amazing thread and I am very excited for the market to open. Unfortunately, I am not able to run the dashboard and it shows only black screen. That's what make me think of if the dashboard will only appear once the market is open. If not, anyone have solution for this issue? {image}

If you have a prefix or suffix you have to add it to the pairs you are trading.
Hi Sir,

Your indicator and system is very simple. Hope I can better trade. ABout the file BTM Dash V1.02 I can't use it well and can't be used in MT4. Please correct me If I'm wrong : there are 3 files ( Black screen.tpl , BTM DASH v1.02.ex4, and G). Already put everything in MT4 folder.

And also in Beat The Market Zip file there are (A-F) and shown like this. Is there something I might miss?
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Quoting tartut
Hi, Thanks for sharing the strategy My first trade. Are SL and TP well set up? {image}
It would be better if you would explain how you decided to place your SL and TP along with your question. Also, if you are not sure if they are "well set up", what do you think might be wrong with them?
The markets are speaking to you. Do you know their language?
IMT Pips This Week: 54
Quoting DrDave
{quote} It would be better if you would explain how you decided to place your SL and TP along with your question. Also, if you are not sure if they are "well set up", what do you think might be wrong with them?
Strategy rules say to set SL above / below baseline. Tip 1 suggests that TP2 is too far away. I set TP on the bottom trend band. RR is unprofitable, so I moved SL down.
Quoting tartut
{quote} Strategy rules say to set SL above / below baseline.
NO! That is not what the rule says. Reread post 1.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
I run ea only when working time (can't really check vps while work) and when i sleep,

can someone recommended me a trailing stop EA so i dont lose the moment?

thanks
Quoting ejiexe
{quote} NO! That is not what the rule says. Reread post 1.
Right. I explained it wrong. The rules say that SL is here (see screen).
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how can I change dashboard auto tp/sl size?
Quoting tartut
{quote} Right. I explained it wrong. The rules say that SL is here (see screen). {image}
Check risk/reward for the signal. The SL for that trade would be quiet larger than the TP 1, so better skip such trade.
Quoting Azis1234
i made 1186 pips in the last 4 weeks . used ea to open the trades and manually closed them. I am in the Easter time zone and can't open them during the London hours. See my trade explorer link.The first week of my stats I was not using this method and you will notice that in my trade explorer. Great system by far. My only question to BTM is if the big banks notice and use this system then I assume it will stop working in the future. Is that possible?
Hi Azis

Great work here. Can you share your EA settings for the trade triggers please.

Kind regards

Degsie
Quoting iefuzzer
how can I change dashboard auto tp/sl size?
I think you canīt. It seems to be hard coded.

Have a look about the posts by the OP clearly recommend NOT to use the auto trading feature.
Quoting ejiexe
{quote} I am personally not looking toward a telegram group of distraction. If someone could not make money reading this thread, how do you think telegram will be of help? As you can also see nobody is giving a live call here hence telegram is not going to do any good than adding more distractions. Everyone should do his/her due diligence. My own view
I thought telegram would be good for traders to discuss about certain signals in "real time".

Especially not everyone is getting arrows at the same time due to different brokers.

Anyway, just my opinion.
Can anyone help me about dashboard? I already do everything step but it still blank. Is it about mt4 broker or what? I already try 3 broker mt4 but still blank..... ((((((
Quoting lddd
{quote} I think you canīt. It seems to be hard coded. Have a look about the posts by the OP clearly recommend NOT to use the auto trading feature. I am trying this my self on a demo account and just today it already left out 2 signals again where it should have triggered a trade. Not sure why this is, alerts where there also hardware is fast, broker is good. It took NZD/USD to me but for e.g didnīt open ACAD which would have been another short signal. I think there were 1-2 more signals it skipped for what ever reason i canīt comprehend yet.
i entered AUDCAD manually but exited at +2 pips.

i hit sell button to quick looking at the previous day as it went out the bands, would be +12 if i didn't exit lets see if it was going to be a good trade or not..
Hi all,

Took me first BTM trade on AUDCAD.
So far so good it's going the right direction.

Question : Did anyone experienced different types of Trailing Stop in terms of points?
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