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Highest Open / Lowest Open Trade

  • #15,681
  • Apr 7, 2021 7:42am Apr 7, 2021 7:42am
When I trade, I only use the tools I downloaded here (I only use EA for the yellow stripes, it helps me visually). But only today I took the pictures, so in the previous days the indicators do not appear and neither does the EA.
But in the next trades, I will take pictures on the same day, so that the indicators can appear.
  • #15,682
  • Apr 7, 2021 8:02am Apr 7, 2021 8:02am
Quoting Booghie
Hi guys, hi Tooslow, I started 10 trade challenge on EURUSD with the entry on m1. I intend to take a maximum of 3 entries per day with 0.5% risk, on a live account. Monday was not such a good day for me, 3 entries, all losers. -1.46 $ on 05.04 {image}
Monday was, of course, Easter Monday.
  • #15,683
  • Apr 7, 2021 10:52am Apr 7, 2021 10:52am
Quoting lemercenaire
{quote} Monday was, of course, Easter Monday.
I would have expected the volatility to be low ...
  • #15,684
  • Apr 7, 2021 12:00pm Apr 7, 2021 12:00pm
Quoting Booghie
{quote} I would have expected the volatility to be low ...
Often the exact opposite due to lack of volume.
  • #15,685
  • Apr 8, 2021 7:20am Apr 8, 2021 7:20am
Hi guys, today's position, a win. So far 3 loss and 4 wins.
-1.46 + 3.06 + 3.39 + 1.42

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  • #15,686
  • Apr 8, 2021 8:48am Apr 8, 2021 8:48am
The second trade today, BE+1.
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  • #15,687
  • Apr 9, 2021 6:45am Apr 9, 2021 6:45am
Hi Tooslow, today I finished 10 trade challenges.
There were 4 losses, 5 wins and one BE. As I mentioned before, I risked about 0.5% of the account balance for each trade, being willing to lose 3 positions on the same day or to reach 2%, after which to stop.
The gain per day was as follows: -1.46 + 3.06 + 3.39 + 1.42 + 0.8 = 7.21
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  • #15,688
  • Apr 10, 2021 8:31pm Apr 10, 2021 8:31pm
Quoting Booghie
Hi Tooslow, today I finished 10 trade challenges. There were 4 losses, 5 wins and one BE. As I mentioned before, I risked about 0.5% of the account balance for each trade, being willing to lose 3 positions on the same day or to reach 2%, after which to stop. The gain per day was as follows: -1.46 + 3.06 + 3.39 + 1.42 + 0.8 = 7.21 {image}{image}
What did you learn?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,689
  • Apr 10, 2021 8:40pm Apr 10, 2021 8:40pm
Quoting Booghie
Hi Tooslow, today I finished 10 trade challenges. There were 4 losses, 5 wins and one BE. As I mentioned before, I risked about 0.5% of the account balance for each trade, being willing to lose 3 positions on the same day or to reach 2%, after which to stop. The gain per day was as follows: -1.46 + 3.06 + 3.39 + 1.42 + 0.8 = 7.21 {image}{image}
So was there a pattern to the losses? Something in common?

Ditto, the wins?

As TS says, "...what did you learn?"
  • #15,690
  • Apr 11, 2021 6:17pm Apr 11, 2021 6:17pm
Who is taking the 10 trade challenge the week of APRIL 11, 2021?

During the challenge, you are only to trade the same pair.

Beginners do not get to trade multiple pairs until they have mastered trading one single pair.

GREEN PIPS TO ALL.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,691
  • Apr 12, 2021 4:07am Apr 12, 2021 4:07am
Hey guys,
75 trades finished in my 100 trade challenge. Still making a lot of mistakes and entering when market is not ready. Still in +% profit growth but only around 1% that is not what I expect after 75 trades. Lets moving on.

Always protect your profits

+5 from this morning

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  • #15,692
  • Apr 12, 2021 5:31am Apr 12, 2021 5:31am
Hello,
I cant see that last template and indicators. where can I download it?

thanks!
  • #15,693
  • Apr 12, 2021 8:53am Apr 12, 2021 8:53am
Hi guys, Hi Tooslow. Today I want to start the 10 trade challenge again. Last week was a good one, I want to see further.
Currency pair E / U, real account, 0.5% risk, max 3 loss on one day and the entry is on 1m TF.
So far one loss and two BEs
-0.5 $
1.
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  • #15,694
  • Apr 12, 2021 8:54am Apr 12, 2021 8:54am
2.
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  • #15,695
  • Apr 12, 2021 8:56am Apr 12, 2021 8:56am
3.
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  • #15,696
  • Apr 12, 2021 9:15am Apr 12, 2021 9:15am
Quoting lemercenaire
{quote} So was there a pattern to the losses? Something in common? Ditto, the wins? As TS says, "...what did you learn?"
Hi Lemercenaire, Hi Tooslow.
What I learned, good question, I try to think about what I have learned so far. Definitely not enough.
First of all, I believe and appreciate working with only one pair. Second, discipline.
I think the days when the pair is in range are days when the system is more profitable than the trendy days. I think that when the pair makes one or more candles big enough, the probability of them coming back is quite small.
It seems to me that it is better to take positions in which the SL is at a smaller distance from the place of entry, in the idea that if I lose, I lose 0.5%, for example, but the gain is much higher than a position in which the distance between the SL and the entrance is greater.
In fact, I think that if the price exceeds the high / low of the previous day, the probability is lower that the price will return.
That's about what I think is useful so far in using this system. It is possible that some observations are only subjective, I will see in practice.
  • #15,697
  • Apr 12, 2021 9:18am Apr 12, 2021 9:18am
Quoting Booghie
{quote} Hi Lemercenaire, Hi Tooslow. What I learned, good question, I try to think about what I have learned so far. Definitely not enough. First of all, I believe and appreciate working with only one pair. Second, discipline. I think the days when the pair is in range are days when the system is more profitable than the trendy days. I think that when the pair makes one or more candles big enough, the probability of them coming back is quite small. It seems to me that it is better to take positions in which the SL is at a smaller distance from the...
Yep, two major points and well chosen. Especially the fact that the method works best on ranging pairs/days - you'd be amazed at how many traders don't pick up on that simple one!
  • #15,698
  • Apr 12, 2021 9:55am Apr 12, 2021 9:55am
Quoting LooseMyMoney
Hey guys, 75 trades finished in my 100 trade challenge. Still making a lot of mistakes and entering when market is not ready. Still in +% profit growth but only around 1% that is not what I expect after 75 trades. Lets moving on. Always protect your profits +5 from this morning {image}
Did anyone speak about ranging?

+11 pips



Finished for today

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  • #15,699
  • Apr 12, 2021 12:54pm Apr 12, 2021 12:54pm
Quoting Booghie
{quote}It seems to me that it is better to take positions in which the SL is at a smaller distance from the place of entry, in the idea that if I lose, I lose 0.5%, for example, but the gain is much higher than a position in which the distance between the SL and the entrance is greater. In fact, I think that if the price exceeds the high / low of the previous day, the probability is lower that the price will return. That's about what I think is useful so far in using this system. It is possible that some observations...
Manage your risk by changing your position size so your loss amount is always within your risk parameters. The further away from the stop, the smaller the position size. The closer to your stop, the larger the position size. Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15,700
  • Apr 13, 2021 7:45am Apr 13, 2021 7:45am
Bending the rules

+12

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