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  • #21
  • Jan 27, 2021 3:55am Jan 27, 2021 3:55am
Hi Barry, how and when do you increase the lot size? You do it with every new order/limit order you add or it is based on which TMBA band you are putting the order on?
Thanks.
  • #22
  • Jan 27, 2021 4:31am Jan 27, 2021 4:31am
Divide your equity in cents by 2000, that would give you your lots. Say $120 = 12000 cents divide by 2000 = 0.06 micro lots. Every 2000 increase by 0.01 lots. This is approximate because you are always in the market so balances etc change continuously.
Barryvdw
  • #23
  • Jan 27, 2021 5:07am Jan 27, 2021 5:07am
Quoting barryvdw
Divide your equity in cents by 2000, that would give you your lots. Say $120 = 12000 cents divide by 2000 = 0.06 micro lots. Every 2000 increase by 0.01 lots. This is approximate because you are always in the market so balances etc change continuously.
No i meant i see that every order on the same pair/chart has a different lot size. For example on the chart of your first post the orders are: 0.08, 0.10, 0.11, 0.13.
How do you decide those increasing in size for each order?
  • #24
  • Jan 27, 2021 5:54am Jan 27, 2021 5:54am
Quoting jojofx
{quote} No i meant i see that every order on the same pair/chart has a different lot size. For example on the chart of your first post the orders are: 0.08, 0.10, 0.11, 0.13. How do you decide those increasing in size for each order?
You must realize that this system sometimes move very fast, and lot sizes (as explained) can change from day to day. I went to 1.3 in anticipation of market growth, but I trade (because of experience) with a 1500:1 ratio. So today 0.05, two days later 0.07, 3 days later 0.09, a week later still 0.09 etc etc etc.
Barryvdw
  • #25
  • Jan 27, 2021 6:09am Jan 27, 2021 6:09am
Quoting charli86
Shame thread goes to commercial.... Again, thanks for the system Barry I do not have experience with XM,but seems a lot negative reviews ...
Barry makes it commercial not FF

Quoting barryvdw
{quote} I'm up now 74.7% for January. Will post Friday the month result. I want to start a copy trading service soon.
How much you are going to charge for copy trading service ?
I might be wrong , I have been wrong before
  • #26
  • Jan 27, 2021 6:35am Jan 27, 2021 6:35am
Quoting Mandariin
{quote} Barry makes it commercial not FF {quote} How much you are going to charge for copy trading service ?
When it happens probably $10?? $20?? Dont know... have to sort things first. They will probably kick me off here because I said something!
Barryvdw
  • #27
  • Jan 27, 2021 7:19am Jan 27, 2021 7:19am
Quoting barryvdw
{quote} You must realize that this system sometimes move very fast, and lot sizes (as explained) can change from day to day. I went to 1.3 in anticipation of market growth, but I trade (because of experience) with a 1500:1 ratio. So today 0.05, two days later 0.07, 3 days later 0.09, a week later still 0.09 etc etc etc.
So you edit your lot size not only based on account size but also based on volatility of the currency.
Fair enough.

Cheers.
  • #28
  • Jan 27, 2021 7:27am Jan 27, 2021 7:27am
Quoting jojofx
{quote} So you edit your lot size not only based on account size but also based on volatility of the currency. Fair enough. Cheers.
No. I can use volatility out of experience, but you must use mechanical 2000:1 formula as your account dictates. I delete all pending orders, change the lot size under "options" and then restart and place the pending orders again with the new lot size. It becomes a bore but you will see how it works as you you gain experience.
Barryvdw
  • #29
  • Jan 27, 2021 7:31am Jan 27, 2021 7:31am
Quoting barryvdw
{quote} No. I can use volatility out of experience, but you must use mechanical 2000:1 formula as your account dictates. I delete all pending orders, change the lot size under "options" and then restart and place the pending orders again with the new lot size. It becomes a bore but you will see how it works as you you gain experience.
Not being rude, but you must be careful to not overcook it. Forex is dangerous and overconfidence will kill your account faster than you can say "My account is dead".
Barryvdw
  • #30
  • Jan 27, 2021 7:50am Jan 27, 2021 7:50am
Every one can PM me for questions, it is more private then.
Barryvdw
  • #31
  • Jan 27, 2021 8:00am Jan 27, 2021 8:00am
Quoting barryvdw
{quote} No. I can use volatility out of experience, but you must use mechanical 2000:1 formula as your account dictates. I delete all pending orders, change the lot size under "options" and then restart and place the pending orders again with the new lot size. It becomes a bore but you will see how it works as you you gain experience.
No worries mate, i was just curious how you decide to manage your lots and risks.
I know right how markets can smash you down very easily on a regular basis cause of overconfidence and poor control of emotions.

Did you ever think about making an EA for this system as it's very mechanical and requires not much discretionary trading?
  • #32
  • Jan 27, 2021 8:10am Jan 27, 2021 8:10am
Quoting jojofx
{quote} No worries mate, i was just curious how you decide to manage your lots and risks. I know right how markets can smash you down very easily on a regular basis cause of overconfidence and poor control of emotions. Did you ever think about making an EA for this system as it's very mechanical and requires not much discretionary trading?
Absolutely. I just had an Aussie guy who done me in, but if there is an honest coder who will work with me, there's a LOT of money to be made. I have to find that one special coder though. He'll never look back. Maybe there's someone in Italy? You sound more Brit than Italian! Find me a coder, you can have the EA for free.
Barryvdw
  • #33
  • Jan 27, 2021 8:12am Jan 27, 2021 8:12am
78.4% as we speak.
Barryvdw
  • #34
  • Jan 27, 2021 8:36am Jan 27, 2021 8:36am
Quoting barryvdw
{quote} Absolutely. I just had an Aussie guy who done me in, but if there is an honest coder who will work with me, there's a LOT of money to be made. I have to find that one special coder though. He'll never look back. Maybe there's someone in Italy? You sound more Brit than Italian! Find me a coder, you can have the EA for free.
It shouldn't be too hard to code with the rule you posted.
If no pro coder comes ahead to volunteer and make the EA i could make it myself during free time. Coding it's not my main job but i can manage it.
Is there any more rules i should be aware besides the ones you already posted?
  • #35
  • Jan 27, 2021 8:38am Jan 27, 2021 8:38am
Quoting jojofx
{quote} It shouldn't be too hard to code with the rule you posted. If no pro coder comes ahead to volunteer and make the EA i could make it myself during free time. Coding it's not my main job but i can manage it. Is there any more rules i should be aware besides the ones you already posted?
Do we work together honestly here? It is difficult to trust anybody.
Barryvdw
  • #36
  • Jan 27, 2021 8:47am Jan 27, 2021 8:47am
Quoting barryvdw
{quote} Do we work together honestly here? It is difficult to trust anybody.
Well, i'm not looking to scam anybody if that's what you mean and certainly i would not charge you anything in money as it's your idea and your strategy. I respect to work and time you put in it for testing and make it work.
But again, i'm not pro coder, i coded some indicators and EA for my self in the past, im just a bit rusty.
If someone else more experienced offers to make it for you just take his offers
  • #37
  • Jan 27, 2021 9:32am Jan 27, 2021 9:32am
Attached File(s)
File Type: ex4 Trades-History-Plotter-Indicator.ex4   11 KB | 386 downloads
Attached File(s)
File Type: ex4 SL_TP Values.ex4   24 KB | 397 downloads

Barry, quick question, what was the maximum open orders during your time with this system, just wondering? Also one can find these indicators handy for better visualizations, but probably most have those...History plotter and sl/tp values...
Make your own rules and stick to it.
  • #38
  • Jan 27, 2021 9:49am Jan 27, 2021 9:49am
Quoting charli86
{file}{file} Barry, quick question, what was the maximum open orders during your time with this system, just wondering? Also one can find these indicators handy for better visualizations, but probably most have those...History plotter and sl/tp values...
I have had 70 plus orders open. In my cavalier days, but not uncommon to have 40 or so plus.....? no STOP LOSS! You handle your SL yourself if it is necessary. Trade small and survive with good profit.
Barryvdw
  • #39
  • Jan 27, 2021 9:52am Jan 27, 2021 9:52am
Quoting barryvdw
{quote} I have had 70 plus orders open. In my cavalier days, but not uncommon to have 40 or so plus.....? no STOP LOSS! You handle your SL yourself if it is necessary. Trade small and survive with good profit.
This was today on my experimental account as mentioned. Language Afrikaans. Today means vandag. Or vice versa.
Attached Image (click to enlarge)
Click to Enlarge Name: Vandag nou. 27 jan.png Size: 64 KB
Attached Image
Barryvdw
  • #40
  • Edited 6:52am Jan 28, 2021 6:31am | Edited 6:52am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 80 KB

Barry how did you go through this period - can you comment?
Did you talk about this error in this message?
https://www.forexfactory.com/thread/...3#post13344643
Forgive for my English!
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