Dislikedim looking for something where we can add on profitable trades,opposite of martingale,if someone has got any idea,plz let me know thanksIgnored
A recent example: I had a GBPJPY short trade that got as high as 270 pip gain, closed it for a 168 pip gain. I kept a mental note of when I felt I could have added on more risk and went back to look later after I closed the trade. There were three instances I felt I could have added on. Two out of those three instances would have had at least a 50 pip drawdown from the add on. My original position only had a 10 pip drawdown.
So not only do you have to time the initial entry but you want to be careful with your other entries so your initial gain isn't wiped out by a loss on your second or third add on.
What I will do though is take my overall portfolio and add on when in an extended uptrend. My method is very rules based. No decision making on when I am in or out. So if my system has me in 12 positions and my model is in an uptrend that I feel good about, I'll add on more risk until my model is showing some cracks and then I take some risk off. So my add is to all 12 positions at once with the same risk since I feel like my basket will continue outperforming.
I feel I know what my basket will do better than the individual parts in the basket.
That is at least how I add on to winning positions.
Model 3 All Time Pips:
-887
1
