keep it simple, bro. dont make it complicated. just use bar or 1 MA, more than enough.

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

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

but to be

if not, please do not use word "risk analysis" in your posts/live.

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

we do not speak here about MA ? different topic

this is the most simplest and concise rules.

the**miracle **here is that: PV is always XXXDDD for EURUSD or biscuits or XAGUSD or BTCUSD or NAS100 or whatever.

common rule!** PV=XXXDDD** -- very simple and unique for any instrument.

what 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*

if you do not know this rule, the market is not your appropriate place. you know there are a plenty of intruders in "forex"

Dislikedkeep it simple, bro. dont make it complicated. just use bar or 1 MA, more than enough.Ignored

the

common rule!

what is the PV of EURUSD? ans: it is

what is the PV of GBPNZD? ans: it is

what is the PV of USDZAR? ans: it is

what is the PV of OILUSD? ans: it is

what is the PV of KRWUSD? ans: it is

what is the PV of DOW30? ans: it is

if you do not know this rule, the market is not your appropriate place. you know there are a plenty of intruders in "forex"

Be yourself

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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

The thing is,

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 from first principles? The answer is a very resounding no. We use rule-of-thumb calculations which will yield slightly-conservative solutions, which we can do in 1/10th the time of a complex mathematical solution.

Traders are like engineers. We are concerned with the practicalities of building a building (designing a profitable trading system). We are not concerned with first-principle mathematical calculations when we could just use a pre-built tool or simplified equation.

I have no doubt there are 7-8 figure trades that aren't 'masters at market math basics', as you describe. Many traders I know that have worked at IB's have literally very few mathematical skills compared to an engineer, yet they make a lot of money.

Here's a final quesiton for you - Are you calculating your PV and lot size manually for every trade you take? Why?

- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

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

0.01

0.01

0.01

how to estimate the risk without above equations?

also, if you scale, how to know in advance number of orders?

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

QuoteDislikedwhat is the PV of EURUSD? ans: it isXXXDDD

what is the PV of GBPNZD? ans: it isXXXDDD

what is the PV of USDZAR? ans: it isXXXDDD

what is the PV of OILUSD? ans: it isXXXDDD

what is the PV of KRWUSD? ans: it isXXXDDD

what is the PV of DOW30? ans: it isXXXDDD

what is the PV of EURUSD? ans: it is

what is the PV of GBPNZD? ans: it is

what is the PV of USDZAR? ans: it is

what is the PV of OILUSD? ans: it is

what is the PV of KRWUSD? ans: it is

what is the PV of DOW30? ans: it is

Be yourself

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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

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.

- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

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

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Disliked{quote} we here speak about smart traders who diversify b/w 20 instruments with diff PVs etc..Ignored

You are allowed to fall but you are imposed to get up!

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

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

the general rule that can be applied for any instruments

unique rules.

almost 99% of traders ignore these basics

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

Now what is the relationship b/w pips P/L and 1% P/L?

In other words, what is the ,mathematical equation that relates 1% profit/loss to pips? (how many pips to profit 1%)

L

In other words, what is the ,mathematical equation that relates 1% profit/loss to pips? (how many pips to profit 1%)

L

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

assume you want to** design your lots**, so that each 2 pips your profit is 1%

just**substitute **in the last post equation.

just

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

what is the relationship b/w **I**p and **I **if entry is not on** FULL MARGIN**?

**I** is **MCP**--**M**argin **C**all **P**ips

Let us prove it together:

Let us prove it together:

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- Joined Oct 2019 | Status: Forexian Fighter = FF | 11,107 Posts

How to prove in advance MCP=I=96 pips?

rule

I = (1-S)/R*ZZZXXX** * 10^(d-r)**

=(1-S)/R*CHFJPY*** 100**

S=30% = StopOutMarginLevel

R=100 = Leverage

(1.00-0.30)/100*137*100 = 0.7*137=96

rule

I = (1-S)/R*ZZZXXX

=(1-S)/R*CHFJPY

S=30% = StopOutMarginLevel

R=100 = Leverage

(1.00-0.30)/100*137*100 = 0.7*137=96

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- | Joined Jun 2022 | Status: Junior Member | 1 Post

Good point, but if u want to be more successful, these not enough.