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Hybrid Trading System

  • #21
  • Oct 15, 2024 8:58pm Oct 15, 2024 8:58pm
Quoting victorezeaku
I’m considering using a prop firm with an account size of either: $2,000 $5,000 $20,000 $50,000 $100,000 $200,000 To ensure we stay on track, I will create an equivalent demo account for the selected size. This will allow us to monitor our performance in the Trade Explorer effectively. Please vote for your preferred option! Your feedback is crucial, and feel free to share any thoughts on why your choice is the best fit for our Action Plan for Success.

$200,000 is my FFAI funded account

I can also start with USD50,000 and scale my trades size.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22
  • Oct 15, 2024 10:55pm Oct 15, 2024 10:55pm
Quoting emmanuel7788
{quote} Risk Management: Set at 1% per trade, divided as follows: Trade 1 (Target 1): 0.4% risk with a minimum 1:2 risk-reward ratio. Trade 2 (Target 2): 0.3% risk with a minimum 1:3 risk-reward ratio. Trade 3 (Target 3): 0.3% risk with a minimum more than 1:4 risk-reward ratio. Like these? Its TMS-II Money Management based strategy {image}
Great to Know it is TMS Money Management Based Strategy. Perhaps that is why it is called the hybrid trading system
  • #23
  • Oct 15, 2024 10:56pm Oct 15, 2024 10:56pm
Quoting emmanuel7788
{quote} Ancient Wisdom {image}
The pathway to become a Market Wizard. Practice Practice Practice, Teach Teach Teach
  • #24
  • Oct 16, 2024 1:44am Oct 16, 2024 1:44am
Quoting victorezeaku
Action Plan for Success in Forex: I Hope this will Unlock the Trading Potential in Every Trader! Hello, fellow traders! After 17 years of navigating the ups and downs of the trading world, I’ve developed an Action Plan for Success in Forex that combines multiple strategies to maximize our potential and minimize risks. Whether you're a seasoned pro or just starting, this plan aims to provide a structured approach that you can adapt to your unique style. Let’s dive into the details! 1. Multiple Accounts for Different Trading Strategies ...
Interesting approach for Success in Forex...two accounts, one for sell trades and one for buy. Why not same account for sell and buy trades??
  • #25
  • Oct 16, 2024 3:38am Oct 16, 2024 3:38am
Quoting emmanuel7788
{quote} $200,000 is my FFAI funded account I can also start with USD50,000 and scale my trades size. ...
Hi @Victorezeaku, I thought you will share the indicators and template you want to use. So that those of us who are interested will follow suit.
At least the whole concept will be a joint success.
Regards.
  • #26
  • Oct 16, 2024 11:57am Oct 16, 2024 11:57am
Quoting Gleam
{quote} Interesting approach for Success in Forex...two accounts, one for sell trades and one for buy. Why not same account for sell and buy trades??
Is just part of the Risk Management
  • #27
  • Oct 16, 2024 10:55pm Oct 16, 2024 10:55pm
Quoting Gleam
{quote} Interesting approach for Success in Forex...two accounts, one for sell trades and one for buy. Why not same account for sell and buy trades??
Another reason for this is that it helps you to follow the trend in the Higher time frame. When you know that monthly and weekly trend is up, it will make sense to take only trades with long setups in lower time frame for a particular account. By so doing so the equity curve will be smooth and continue to climb. I will set up account were we can monitor my trade Ideas as soon as possible.
  • #28
  • Oct 17, 2024 12:00am Oct 17, 2024 12:00am
Quoting victorezeaku
{quote} Another reason for this is that it helps you to follow the trend in the Higher time frame. When you know that monthly and weekly trend is up, it will make sense to take only trades with long setups in lower time frame for a particular account. By so doing so the equity curve will be smooth and continue to climb. I will set up account were we can monitor my trade Ideas as soon as possible.
It is not very clear to me yet, I will follow your opinion with interest.....thanks for sharing..
  • #29
  • Oct 17, 2024 2:59am Oct 17, 2024 2:59am
Quoting victorezeaku
{quote} Another reason for this is that it helps you to follow the trend in the Higher time frame. When you know that monthly and weekly trend is up, it will make sense to take only trades with long setups in lower time frame for a particular account. By so doing so the equity curve will be smooth and continue to climb. I will set up account were we can monitor my trade Ideas as soon as possible.
Make your hard-earned money work harder for you.

"make consistent profits money in both good and bad markets" with SMART MONEY MANAGEMENT

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30
  • Oct 17, 2024 3:01am Oct 17, 2024 3:01am
Quoting Gleam
{quote} It is not very clear to me yet, I will follow your opinion with interest.....thanks for sharing..

think of day-trading and swing-trading ... also position trading the markets,

Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31
  • Oct 17, 2024 4:01am Oct 17, 2024 4:01am
Quoting emmanuel7788
{quote} Make your hard-earned money work harder for you. "make consistent profits money in both good and bad markets" with SMART MONEY MANAGEMENT {image} {image} ...
@
emmanuel7788 Feel free to upload softcopy if you have if it doesn't violate copyright so we can continue to grow our knowledge
  • #32
  • Oct 17, 2024 7:44pm Oct 17, 2024 7:44pm
And...Where is the system???
  • #33
  • Oct 17, 2024 9:56pm Oct 17, 2024 9:56pm
Quoting cladi53
And...Where is the system???

I recall the OP mentioned he is busy for two weeks. Therefore I be patient and wait another week.
When the OP is back, I will share my 'hybrid' systems developed from my last 20 years.

How many systems have you traded the last 10 years?

Share those systems and we can discuss how to develop another hybrid system from those systems you have traded.


Lets make Sharing is Caring the trading community spirit here.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34
  • Oct 18, 2024 12:42am Oct 18, 2024 12:42am
Quoting emmanuel7788
{quote} I recall the OP mentioned he is busy for two weeks. Therefore I be patient and wait another week. When the OP is back, I will share my 'hybrid' systems developed from my last 20 years. How many systems have you traded the last 10 years? Share those systems and we can discuss how to develop another hybrid system from those systems you have traded. Lets make Sharing is Caring the trading community spirit here. ...
Okay, talking of system, here is my own modified hybrid personal trading system. Hope I have not violated the thread.
No repaint or recalculating.
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  • #35
  • Oct 18, 2024 2:32am Oct 18, 2024 2:32am
Quoting victorezeaku
Action Plan for Success in Forex: I Hope this will Unlock the Trading Potential in Every Trader! Hello, fellow traders! After 17 years of navigating the ups and downs of the trading world, I’ve developed an Action Plan for Success in Forex that combines multiple strategies to maximize our potential and minimize risks. Whether you're a seasoned pro or just starting, this plan aims to provide a structured approach that you can adapt to your unique style. Let’s dive into the details! 1. Multiple Accounts for Different Trading Strategies ...
I'm still confused about the term "risk management" or is it only applicable when referred to as "risk"? A target of 200 pips per day with a 0.6% risk does not equal the same lot size for all pairs, right? Achieving 200 pips in a day is unlikely on pairs with an ATR below 200 pips, and a target of 200 pips a day does not equate to 0.2% risk with 1x, 2x, or 3x take profits.

In this random world, random environment, what we need, i think only one clear edge, not a hybrid complex adaptive system.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #36
  • Oct 19, 2024 10:17pm Oct 19, 2024 10:17pm
Quoting RoelsMajor
{quote} I'm still confused about the term "risk management" or is it only applicable when referred to as "risk"? A target of 200 pips per day with a 0.6% risk does not equal the same lot size for all pairs, right? Achieving 200 pips in a day is unlikely on pairs with an ATR below 200 pips, and a target of 200 pips a day does not equate to 0.2% risk with 1x, 2x, or 3x take profits. In this random world, random environment, what we need, i think only one clear edge, not a hybrid complex adaptive system.
Hybid will give you all the edge you need to be a successful trader. Stay tuned
  • #37
  • Oct 25, 2024 1:34pm Oct 25, 2024 1:34pm
What Account Size Should We Use for Our Trade Explorer?
$2,000 9 Votes32%
$5,000 7 Votes25%
$20,000 2 Votes7%
$50,000 4 Votes14%
$100,000 7 Votes25%

Based on Result of the voting, I will be creating a 2000 demo account for trade Explorer for the Hybrid Trading System. I will also be taking the same trades with the same risk on a 5k prop firm account.
  • #38
  • Oct 25, 2024 1:58pm Oct 25, 2024 1:58pm
My Risk Management Plan

Risk Management:

  1. 0.6% per pair, divided as follows:

    1. Trade 1: 0.2% risk with a risk-reward ratio of 1:1.
    2. Trade 2: 0.2% risk with a risk-reward ratio of 1:2.
    3. Trade 3: 0.2% risk with a risk-reward ratio of > 1:3

I will use the above Risk Management for A setups and halve of the risk management size for B setups

  • #39
  • Oct 25, 2024 2:01pm Oct 25, 2024 2:01pm
Account Management Plan

  1. Phase 1: Initial Growth

    1. Starting Capital: $2,000 prop firm account.
    2. Reinvestment Strategy: Reinvest 100% of profits into additional prop firm accounts.
    3. Risk Management: Apply consistent risk management across all accounts, as per your plan.

  2. Phase 2: Balanced Growth and Profit

    1. Profit Allocation: Withdraw 50% of profits for personal use; reinvest the remaining 50% into prop firm accounts.
    2. Objective: Begin building a reserve for personal profits while continuing to expand prop firm capital.

  3. Phase 3: Diversified Growth

    1. Profit Allocation: Save 50% of profits. Reinvest the remaining 50% by allocating:

      1. 25% into additional prop firm accounts.
      2. 25% into a personal trading account.

    2. Objective: Establish a balanced distribution, growing both prop firm accounts and personal trading capital.

  4. Phase 4: Strategic Investment and Wealth Building

    1. Profit Allocation: Save 50% of profits. Reinvest the remaining 50% equally across:

      1. Stocks
      2. Personal trading account
      3. Prop firm accounts

  • #40
  • Oct 25, 2024 2:08pm Oct 25, 2024 2:08pm
One of the key reasons I am sharing this plan is to hold myself accountable as part of my journey to become a 100% disciplined trader after years of trading without a structured plan or proper risk management. This process is crucial for me, as I've learned that discipline is the backbone of success in trading.
Feel free to adopt these risk and account management strategies in your own trading

. As author Jim Rohn once said, "Discipline is the bridge between goals and accomplishment." This plan represents my bridge to sustained trading success.
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