Make all possible mistakes in Demo and rain in pips in live account
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QuoteDislikedI trade anything from micro and up. The next trade can be 1.0 lot, I have no idea. Lot sizes vary as does TP & SL levels, what netter is the outcome size relative to equity. At this point I don't even know how this can be solved or what I'm looking for. But the problem is still there
QuoteDislikedImagine the algorithm calculations says the lot size should be 0.0065734 for this trade outcome to result in a -5% or +5%... You see where is the problem? Exactly we don't have 0.0065734 lots, thefore it's rounded to 0.01.
Disliked{quote} Yes. {quote} Your EA needs to roundup the lot acounding to this. You can't just let it be anything without boundaries, that disaster in the making. You need to quantify a bit better. The same way to need to round order price to pipettes, you also need to round the lot size accordingly. Reading this {quote} It means that when you are planning a trade you'd like the outcome to be -5% or +5%. -5% or +5% of what? Are you saying that you'd like the profit to be +5% of your Equity or the loss to be -5% as of your equity?Ignored
DislikedIf you cannot make a pip in demo how do you expect to make from where emotion is higherIgnored
Disliked{quote} Yes excuse my math language. Simplifying everything. -5% if equity incase of stoplossIgnored
That means that your SL=PriceA-5% and TP=PriceA+5% in case of a long trade. So 5% become your R, risk reward ration(RRR).
So the true question is how much pips represent 5% of your equity.
The answer is it depends on your equity, your account base currency, your account leverage and the currency pair you are trading.
Is this what your are looking for before I deep dive in how to calculate the Lot size once you know the pips?
Disliked{quote} Let say base on your probabilities, you'll enter the market at price A and you want to exit when you either: make a profit of 5% of your equity make a loss of 5% of your equity. That means that your SL=PriceA-5% and TP=PriceA+5% in case of a long trade. So 5% become your R, risk reward ration(RRR). So the true question is how much pips represent 5% of your equity. The answer is it depends on your equity, your account base currency, your account leverage and the currency pair you are trading. Is this what your are looking for before I deep...Ignored
Disliked{quote} Think of this way. Trade setup comes with an open price, TP and SL. Risk per trade is fixed at at 5% per trade at a ratio of 1:1. Then after you can then work out the lot size. It can't be any other way.Ignored
DislikedThe math say if the lot size calculation was accurate from trade number 1, today growth would be 234% How do I make these lot sizes accurate?????? Is it a limitation? I have thought about this. If the numbers says the lot size should be 0.0546788 for example, mql5 will round up to 0.05 lot. After 69 trades those little 0.0046788 would add up to be 0.3228372!!!! Can someone please show me the wisdom. What I'm missing? Maybe there is a simple way to solve...Ignored
DislikedYou tried trading Forex and it didn't work out for you so don't make the argument that Forex trading is impossible. If you're gonna run after 'The Profitable System' then you won't find it. I heard this quote from somewhere that "Your analysis is nothing but a way of giving you guts to take the trade". You can call profitable people lucky if that makes you sleep at night but maybe your thread should rather be a guide for people learning when to quit if things don't work out for them.Ignored
Disliked{quote} Where did I say I tried Forex now? You can't read or you read to reply, not to understand? I'm a logical person, I don't take decision based on emotions, especially those that involves my finances. If had even considered to try Forex, the following reasons was going to go through my mind, Seeing that Forex trading have a 2:10 chances of success would mean it's close to impossible, chances of success are not worth the risk and effort. 2:10 comes from 98% losing traders stats. I'm just a curious person. That's all...Ignored
Disliked{quote} It's okay, fret not. Trading doesn't work for everyone, if it's impossible for you to make a living off trading, there are other income sources. Now instead of being stuck to it, let go of it. Trading has hurt a ton of people but that shouldn't stop you from excelling in other jobs. Let go of it and good luck with your next venture.Ignored
Disliked· Forex Market is random. RANDOM (I replace Random with Chaotic) Okay these are a facts youIgnored