From 10k to 1 million...

Hi Xaron

I think you should not put more than 10.000 units per trade.

No matter how good or bad where your previous trades.

I think when you start with loses you try to catch up and you increase the units of next trade and you end up with bigger losses.

You dont have to feel obligated to be a winner every day.

Frank, I increase the position size because it's part of the plan.

I just worked on my money management and found a better solution where I don't increase so aggressively... That should lower the drawdown and increases the return slightly.

I'm always amazed how you can adjust the return/drawdown stuff just by position sizing.

Well, this is true but I think it works as part of MM better with having a relatively high number of trades in a certain time period.

More trades allow for more fine tuning!

- but also paying more spread on the negative side.http://www.forexfactory.com/images/icons/icon13.gif

Yes MJ, that's true. I did this calculation on 353 trades.

My account went up a bit today:

http://www.xaron.net/dl/fx/2009/ib/account_160109.png

Transactions from friday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_180109.png

Back in the positive area:

http://www.xaron.net/dl/fx/2009/ib/account_190109.png

That little drawdown was just a fib retracement in your account, which will lead to a 1.618 extension.

good luck ...

Transactions from yesterday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_190109.png

Thanks for your posting, Estrader!

Let me tell you my opinion: Indicators are just bullsh!t. What do they show? The past! What do charts show? The past! It's all just a game of probabilities, not more, not less. I even don't care anything about win/loss ratios, I just use it for this mechanical approach. This "big trading rule by cutting the losses and let the winners run" is another myth. In another account I just do the opposite, take profits here and there and let my losers run. Ok, actually I won't let them run forever but my losses in my other account are definitely much bigger than my winners. But that doesn't matter. The net result is what matters.


http://www.d2nsa.de/vbforum/images/smilies/freak.gif Uh...


Ahhh... the noisy 5m chart. Randomness all the way. I won't go for that short time frames because the FX markets are the less predictable ones in the short time frames because there are so many buyers/sellers out there who even doesn't care about a chart or the current price. Let's say you trade of the 5m chart and a big company or bank just want to hedge something (e.g. a big contract, a Euro company wants to sell something in US dollar), so you just have some real big instant orders in the market. That's what I call randomness in the shorter timeframes...

But thanks anyway, I really appreciate your effort to help me.

Kind regards - Xaron

http://www.xaron.net/dl/fx/2009/ib/account_200109.png

Transactions from yesterday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_200109.png

I've added some statistics to my first posting in this thread and will keep that up to date.

Down for today:

http://www.xaron.net/dl/fx/2009/ib/account_210109.png

Transactions from yesterday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_210109.png

http://www.xaron.net/dl/fx/2009/ib/account_220109.png

Transactions from yesterday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_220109.png