keep it simple, bro. dont make it complicated. just use bar or 1 MA, more than enough.
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Disliked{quote} With respect, I disagree. I don't know how to calculate pip value, nor do I want to calculate pip value and lot size for every single currency-pair I trade, and correct it for my account being in GBP, and convert that into lot size. All I know is I want to risk 1% of my account, and I know my entry, SL and my TP. I put that into an EA, and the EA calculates it for me.Ignored
Dislikedkeep it simple, bro. dont make it complicated. just use bar or 1 MA, more than enough.Ignored
Disliked{quote} this is the best excuse/solution for anybody can not learn basics. you know people minds are different. but to be professional in risk analysis, you must master market math basics. if not, please do not use word "risk analysis" in your posts/live.Ignored
Disliked{quote} Please can you describe what you mean by risk analysis? My example of '1%' was just an example. I could've said 2%, 3%. I can even get into a scaling plan which ensures my maximum annual drawdown is never more than 10% of my total account value in a year. I can adjust that for my own risk tolerance. The thing is, none of the above risk mitigation requires what you refer to as market math basics. A good metaphor is an engineer (which I have been). To design a skyscraper, do we have to know how to derive the mathematics of solid mechanics...Ignored
QuoteDislikedwhat is the PV of EURUSD? ans: it is XXXDDD
what is the PV of GBPNZD? ans: it is XXXDDD
what is the PV of USDZAR? ans: it is XXXDDD
what is the PV of OILUSD? ans: it is XXXDDD
what is the PV of KRWUSD? ans: it is XXXDDD
what is the PV of DOW30? ans: it is XXXDDD
Disliked{quote} assume you have now 4 positions: 0.01 eurusd 0.01 xagusd 0.01 nas100 0.01 usdnok how to estimate the risk without above equations? also, if you scale, how to know in advance number of orders?Ignored
Disliked{quote} I see. I still think there are a large number of profitable traders who don't do such calculations, because they simply have 1 open trade at any time, or minimise their exposure in some other simple way. Whatever works for you man. I feel like the less complex math is in my life, the better.Ignored
Disliked{quote} we here speak about smart traders who diversify b/w 20 instruments with diff PVs etc..Ignored
Disliked{quote} Smart traders??? Smart traders use Smart engineers to create robots for them. They ask them to create the robots based on advanced statistics such as derivatives etc. At least this is what my friend told me...he was not that smart of course. He was just head of exotics trading at city group and he now has his own fund...Ignored
Dislikedif you trade: EURUSD BUY USDCAD BUY EURCAD SELL all 1 lot . . Does it imply that there is a HEDGE? hence: EURCAD=EURUSD*USDCAD . . .Ignored
QuoteDislikedEURCAD ---> PV = 1/USDCAD
USDCAD---> PV = 1/USDCAD
EURUSD ---> PV = 1.0000