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The simplest question about MM

  • #1
  • First Post: Edited 10:55pm Jul 5, 2007 9:54pm | Edited 10:55pm
For god sake........................... now i have to erase all of this!

No i dont want help.
No i dont focus my entire trading on this.
No i'm not avoiding nothing.

All i want to know is...

Lots/Equity

Which will give us...1 pip = xxxx%

Leverage... 10:1 pip = 0.1%
5:1 pip = 0.05%

Just this! Curiosity if you want to call it!

Im not seeking for the holy grail here.

Can you awnser this? Jeez
  • #2
  • Jul 5, 2007 10:05pm Jul 5, 2007 10:05pm
best way to trade is to go for it, you know your trades and where you need to be, it's very important to get out of that mini account stage and get your equity up to $250,000 then start to adjust your mm where you can make a good living.
If I Go Broke Trying Then I Will die happy.
  • #3
  • Jul 5, 2007 10:09pm Jul 5, 2007 10:09pm
I'm sorry Moe. I know you are trying to help but that was not the question.

The question is about % per pip. Thats the only thing i want to know. No risk or SL or money...

Just... how big should be a pip?
  • #4
  • Jul 5, 2007 10:12pm Jul 5, 2007 10:12pm
Hate to go against exactly what you asked, but pip value in terms of % of your account is(should be) very much dependant on what timeframe and strategy you wish to employ. But if you want a quick answer - just make each pip .5% of your account balance - that way, if you make 200 pips - you will double your account. If you blow the account instead, open up a new one using only .025% PER PIP - Keep doing this by trial and error until you realize that you cant answer your question without going into topics that you seemingly want to avoid.
Man who scratches ass should not bite fingernails
  • #5
  • Jul 5, 2007 10:12pm Jul 5, 2007 10:12pm
my bad, something i just don't focus on.
If I Go Broke Trying Then I Will die happy.
  • #6
  • Jul 5, 2007 10:14pm Jul 5, 2007 10:14pm
Quoting Leugimp
Hate to go against exactly what you asked, but pip value in terms of % of your account is(should be) very much dependant on what timeframe and strategy you wish to employ. But if you want a quick answer - just make each pip .5% of your account balance - that way, if you make 200 pips - you will double your account. If you blow the account instead, open up a new one using only .025% PER PIP - Keep doing this by trial and error until you realize that you cant answer your question without going into topics that you seemingly want to avoid.
true indeed
If I Go Broke Trying Then I Will die happy.
  • #7
  • Jul 5, 2007 10:19pm Jul 5, 2007 10:19pm
Quoting Leugimp
Hate to go against exactly what you asked, but pip value in terms of % of your account is(should be) very much dependant on what timeframe and strategy you wish to employ. But if you want a quick answer - just make each pip .5% of your account balance - that way, if you make 200 pips - you will double your account. If you blow the account instead, open up a new one using only .025% PER PIP - Keep doing this by trial and error until you realize that you cant answer your question without going into topics that you seemingly want to avoid.

exactly.

You are basically asking a question and asking not to get answers by people who have been there, and not to discuss the topics that involve the knowledge a trader needs to help be successful. So how do you expect to get the right answers(or any answers)? I am just so confused by your posts now. Do you want help or not? Certainly this form has a lot of people trying too.

but it is of course your journey

take care,
Mike
  • #8
  • Edited 10:44pm Jul 5, 2007 10:19pm | Edited 10:44pm
i assume the 2% risk modelling
  • #9
  • Jul 5, 2007 10:23pm Jul 5, 2007 10:23pm
I dont want to avoid anything. I just want for you guys to forget that part because it has been discussed many times and ends allways with some doctor beeing cheered.

Maybe you didnt understand but i have my own ideas and convictions about this. I just want to know the main idea around.

Many ppl dont calculate that... ok.. but dont you guys choose the number of lots you will use comparing with your money?

It can be easy to awnser.. how many 1 dolar lots do you invest per every 1 thousand dolars or more.

Quoting mbqb11
Do you want help or not?
What?
  • #10
  • Jul 5, 2007 10:28pm Jul 5, 2007 10:28pm
Quoting Warper
I dont want to avoid anything. I just want for you guys to forget that part because it has been discussed many times and ends allways with some doctor beeing cheered.

Maybe you didnt understand but i have my own ideas and convictions about this. I just want to know the main idea around.

Many ppl dont calculate that... ok.. but dont you guys choose the number of lots you will use comparing with your money?

It can be easy to awnser.. how many 1 dolar lots do you invest per every 1 thousand dolars or more.
My lot size is based on my account size. Using %R to calculate position size based on stop size.
  • #11
  • Jul 5, 2007 10:30pm Jul 5, 2007 10:30pm
Quoting Warper
I dont want to avoid anything. I just want for you guys to forget that part because it has been discussed many times and ends allways with some doctor beeing cheered.

Maybe you didnt understand but i have my own ideas and convictions about this. I just want to know the main idea around.

Many ppl dont calculate that... ok.. but dont you guys choose the number of lots you will use comparing with your money?

It can be easy to awnser.. how many 1 dolar lots do you invest per every 1 thousand dolars or more.
Many questions are easily answered, but few are answered correctly. if your asking an opinion without any reference for it, well than here it goes. On one account, I use 1$ for every 2$ traded. on another one i use up to 1$ for every 20$ traded.

does that help?
(I sure hope not)
Man who scratches ass should not bite fingernails
  • #12
  • Jul 5, 2007 10:33pm Jul 5, 2007 10:33pm
I dont think many folks look at it that way. I personally look on risk per trade

i risk 1% per trade on a trade that...if it works will yield>1% return on my account.

i also take leverage into consideration.
that means i wont risk 1% for a 5 pip SL cuz that would mean a 50:1 or so leverage. I stick to 5:1 and lower (not even so much btw!)
100% of traders are losers. Just that some win more than they lose!
  • #13
  • Jul 5, 2007 10:34pm Jul 5, 2007 10:34pm
Quoting mbqb11
My lot size is based on my account size. Using %R to calculate position size based on stop size.
warper, the answer lies in this post. it's all about risk and expectancy.
I try to keep my risk% per trade fixed and i avoid low probabilty trades and trades with conflicting signal.

there is alot more to MM

read up on fixed ratio, fixed fractional method and drawdown
100% of traders are losers. Just that some win more than they lose!
  • #14
  • Jul 5, 2007 10:36pm Jul 5, 2007 10:36pm
Quoting Warper
I dont want to avoid anything. I just want for you guys to forget that part because it has been discussed many times and ends allways with some doctor beeing cheered.

Maybe you didnt understand but i have my own ideas and convictions about this. I just want to know the main idea around.

Many ppl dont calculate that... ok.. but dont you guys choose the number of lots you will use comparing with your money?

It can be easy to awnser.. how many 1 dolar lots do you invest per every 1 thousand dolars or more.
lol, it vary per trader there a lot of factors goes in to each trade me myself i have homerun trades so there's no set amount , or you conducting a survey? and whats your ideas and convictions?
If I Go Broke Trying Then I Will die happy.
  • #15
  • Jul 5, 2007 10:37pm Jul 5, 2007 10:37pm
Quote
Lets clarify this. What should worth a pip in percentage? (forget the rest)

Thanks.

I'm doing 1 pip = 0.1% equity (fixed SL)
  • #16
  • Jul 5, 2007 10:39pm Jul 5, 2007 10:39pm
Now read the topic again. Can you do it?:surprised
  • #17
  • Jul 5, 2007 10:42pm Jul 5, 2007 10:42pm
Quoting Warper
For god sake........................... now i have to erase all of this!

No i dont want help.
No i dont focus my entire trading on this.
No i'm not avoiding nothing.

All i want to know is...

Lots/Equity

Which give us...1 pip = xxxx%

Just this! Curiosity if you want to call it!

Im not seeking for the holy grail here.

Can you awnser this? Jeez
It's all up to the investor (or gambler)

if u trade 3 times your account size and less, then u should be ok that means for a 10K account trade only 0.3 lots.

does that answer your question? your Q seems to be a question of leverage
100% of traders are losers. Just that some win more than they lose!
  • #18
  • Jul 5, 2007 10:44pm Jul 5, 2007 10:44pm
between 1 and 4% per trade. Without knowing what my stop is in advance however, I cannot honestly state what that would amount to per pip.

If my stop were 100 pips the dollar value of a pip would be between 0.01% and 0.04% of my account.

If my stop loss were 10, that dollar value would be between 0.1 and 0.4%.

Is this what you mean?
quote of the day: . It's like deja-vu all over again
  • #19
  • Jul 5, 2007 10:58pm Jul 5, 2007 10:58pm
Three good awnsers!

luqmanz thanks! (i hope you dont mind with your quote in my signature, your nick is there. "author rights") You have the same leverage and trading style than me. I might ask you more about your strategy if you have the time.

Yes Mr Demark... its a question about leverage. We can say that.

1:1 = 1 pip = 0.01%
5:1 = 1 pip = 0.05%
10:1 = 1 pip = 0.1%

Yes Gmak is that but... more like an average.
  • #20
  • Jul 5, 2007 11:02pm Jul 5, 2007 11:02pm
in that case I haven't the foggiest, every trade is different for me I'm afraid and I can't be bothered going back now and counting them all up.

probably around 0.02 for longer term trades and about 0.05 for intra day I expect.

Also each is different for different pairs.
quote of the day: . It's like deja-vu all over again
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