in search of minimum wage

Quoting hayseed

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..... i was selling the prior minute highs every time there was a 5 or 15 minute up zigzag and adding as it fell.....

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Quoting tradeChaser

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{quote} This seems very efficient. Something I could code. "After a new candle, please sell limit on last minute high of the required pip difference for a pending order"... But what conditions are giving you the confidence to run that aggressive? That's much different than sending a pending grid with a set gap between each order. I imagine that only comes out of your tool box at the right time, but I also imagine that type of EA is about the only way you can get 300 trades in two days.

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Quoting hayseed

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only posting this due to a couple remarks on the gold thread regarding my trades..... talk about walkin into the wrong bar..... dang...... tough crowd over there.... they showed me the door and quick..... almost made me cry...... reminded me why i don't drink....... will stay on my side of the tracks from now on...... //----- taking the myfundedfx challenge...... 4 of'em at a time...... 100k's........ so this is demo results here..... if your not familiar with it, might be best to keep it that way...... again, demo...... 2 day results below........

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Quoting hayseed

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there is a concept called max pain...... really has to do with options but might apply elsewhere,...... it has always seemed to me, the average daily forex atr might set by the max pain of oversized trades...... in other words, few oversized trades can handle a full days atr going against them.... so they will close within the day...... maybe that's true...... maybe not..... for sure, it seems to make me antsy once atr rolls negative .... out of all those charts above except for couple trades....... will renter when timing is right.... increased...

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Quoting mchl13

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Hello Hayseed, One question: what do the arrows in the upper right-hand corner of your graphs represent? Thank,s

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Quoting dempire1

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{quote} Hei hayseed what kind of calculations are you using for atr? Do you share this indicators or its not for public? thanks!

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Quoting hayseed

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there is a concept called max pain...... really has to do with options but might apply elsewhere,...... it has always seemed to me, the average daily forex atr might set by the max pain of oversized trades...... in other words, few oversized trades can handle a full days atr going against them.... so they will close within the day...... maybe that's true...... maybe not..... for sure, it seems to make me antsy once atr rolls negative .... out of all those charts above except for couple trades....... will renter when timing is right.... increased...

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Quoting OutThere

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{quote} Hey Bruce, That doesn't look like you are trading .01 lots or you have any problem trading larger lots.

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Quoting hayseed

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{quote} //------ the 0.01 was for gold and silver only..... remember, never traded either till now...... in that trade report, divide the gold and silver lots by their trades...... should be little over 0.01 lots per trade on each...... todays trades are pulling it higher...... but there are considerable normal forex trades in the teenie weenie range...... screenshot below is current now...... you are correct, large lots really don't scare me...... but lets keep that just between us....h //------ {image}

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Quoting OutThere

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That trade report lists the sums of your trades. To net $6707 in a month or so (assuming this is all from your challenge accounts), you'd have to either be using a fairly frequently trading EA or use a few 1+ lot trades throughout your smaller trades.

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Quoting hayseed

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{quote} //------ the 0.01 was for gold and silver only..... remember, never traded either till now...... in that trade report, divide the gold and silver lots by their trades...... should be little over 0.01 lots per trade on each...... todays trades are pulling it higher...... but there are considerable normal forex trades in the teenie weenie range...... screenshot below is current now...... you are correct, large lots really don't scare me...... but lets keep that just between us....h //------ {image}

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Quoting tradeChaser

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{quote} Do you mind sharing what your exit criteria is for losses? I know the common theme you speak of is that you just re-adjust to take advantage of "better entries". Also, using small lot sizes allows you to weather those drawdowns. However, you are definitely accepting losses based on that trade history - albeit small ones. Just curious what causes you to confirm the trade idea was invalidated. Also noticing quite a few trades closed at 4 to 6 pips... So used to your 4H ATR targets (of about 15 to 20pips).

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Quoting mchl13

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are you using a standard zz value (12-5-3) or not? is the duration of a zz useful for trading?

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Quoting hayseed

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{quote} //----- it is useful to me to know the duration in time and pips , both average and current...... ......h

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Quoting tradeChaser

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{quote} Can you share when you give priority to say the duration of a ZZ over the pip-length of a ZZ? Or do you simply like to see both exhausted before you consider that ZZ leg to be all dried up and ready for correction?

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Quoting hayseed

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{quote} //----- that is a single demo from from 7/18/23 till now..... from shortly after we spoke about gold and silver in pm's..... and yes, several forex trades were 1 standard lots...... the forex pairs really don't concern me...... my focus is learning gold and silver movements...... as for frequency....... today, within reason, you can predict next weeks trades....... both the number and profit or loss...... providing it is a system based on math and followed..... obviously the more pairs traded the more accurate your prediction will be.........

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Quoting tradeChaser

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ready for correction?

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