Hello folks,
Thanks for all the postsing you made, you made this thread longer than it should be...LOL.. Ok about tweaking the system because of a loss is not abviseable, sometimes we encounter that kind of upheaval. But that is only a week of so many weeks. I understand we could not cover all the bases. What i think we need is profit protection, if you notice we always come ahead in the beginning it is just when i left the trade on the table after clearly winning that the losing start. So confident and proud.. that is the mistake. I understand that since we are trading the 4 hour candle the drawdown should be at least 100 pips per currency traded. My money management system is to trade only 1 currency 0.1 lot if you have $500.00 equity. The higher the equity the more currencies and lots you can trade. Ok vbacka to profit protection. I have a made a quick EA to protect the profit and i attached it to this posting for you to use also.. those that are using MT brokers. If you want to revise it. its up to you. I am not really a real programmer but this kind if simplle EA i can do. Waht the EA will do is to raise your SL to +2 when you reached +25 profit and 25 in every twenty five increase. At +160 it will trail stop your order by 30 pips. assurring you of 130 pips profit min. Though this may protect us, but it will also hamper us in our trade because some currency have a retrace of more that 25 byt feel free to adjust it according to your liking.
I am hopin that next week we can recover the losses that we had. Target for next week will be 500 pips only. Slowing down after the defeat. CU Sunday...
Thanks for all the postsing you made, you made this thread longer than it should be...LOL.. Ok about tweaking the system because of a loss is not abviseable, sometimes we encounter that kind of upheaval. But that is only a week of so many weeks. I understand we could not cover all the bases. What i think we need is profit protection, if you notice we always come ahead in the beginning it is just when i left the trade on the table after clearly winning that the losing start. So confident and proud.. that is the mistake. I understand that since we are trading the 4 hour candle the drawdown should be at least 100 pips per currency traded. My money management system is to trade only 1 currency 0.1 lot if you have $500.00 equity. The higher the equity the more currencies and lots you can trade. Ok vbacka to profit protection. I have a made a quick EA to protect the profit and i attached it to this posting for you to use also.. those that are using MT brokers. If you want to revise it. its up to you. I am not really a real programmer but this kind if simplle EA i can do. Waht the EA will do is to raise your SL to +2 when you reached +25 profit and 25 in every twenty five increase. At +160 it will trail stop your order by 30 pips. assurring you of 130 pips profit min. Though this may protect us, but it will also hamper us in our trade because some currency have a retrace of more that 25 byt feel free to adjust it according to your liking.
I am hopin that next week we can recover the losses that we had. Target for next week will be 500 pips only. Slowing down after the defeat. CU Sunday...
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