the markets moving, time to get in!
Dude, I saw your excel file and even spent a minute or two trying to comprehend it, but I haven't, sorry. The best way to explain is a chart, believe me. Just draw a chart and show on it areas where you benefit from retracing or whatever you're trying to achieve. 
did any of you understand my thread
if we needed 4 levels we can have that and we can close the final level with a profit if it keeps trending
so trending is no longer our problem
i'm just trying to get it coded
- #744
- Feb 25, 2009 11:08am Feb 25, 2009 11:08am
It seems that many people in this thread are worried about drawdown. That happens with any strategy, money management is key.
For example I have been running an IBFX demo with 0.01 lots for 11 trading days during February with 41,000 pips profit and no stops (started just after the gbpchf hit stops during the first week of Feb). One stop on Level 4 would be a loss of 10,820 pips, and that will happen sooner or later, but even 3 stops over the past 11 days would have still given me 8,540 pips in profit. That is a huge amount of profit for two weeks of trading.
The recovery EA also helps to keep losses to a minimum if you decide to use it. I noticed 3 stops for the eurusd from Oct-Dec 2008, but two of them would have either profited or closed at -900 pips by using the Recovery EA.
I am content with running the IBFX demo with Nanningbob's default pairs and settings. Not all trades will be profitable, but I have rarely seen such a fantastic system with EAs, profiles, system description like this one. Thanks Bob for the fantastic system.
Bioquim
For example I have been running an IBFX demo with 0.01 lots for 11 trading days during February with 41,000 pips profit and no stops (started just after the gbpchf hit stops during the first week of Feb). One stop on Level 4 would be a loss of 10,820 pips, and that will happen sooner or later, but even 3 stops over the past 11 days would have still given me 8,540 pips in profit. That is a huge amount of profit for two weeks of trading.
The recovery EA also helps to keep losses to a minimum if you decide to use it. I noticed 3 stops for the eurusd from Oct-Dec 2008, but two of them would have either profited or closed at -900 pips by using the Recovery EA.
I am content with running the IBFX demo with Nanningbob's default pairs and settings. Not all trades will be profitable, but I have rarely seen such a fantastic system with EAs, profiles, system description like this one. Thanks Bob for the fantastic system.
Bioquim
- #753
- Feb 25, 2009 1:22pm Feb 25, 2009 1:22pm
- | Joined Jan 2009 | Status: The only way to win is to get in | 215 Posts
Ok let us do it together. Currently I am at level 3 in Usd/Jpy with a total loss of 242.95. So I have to close now this loosing trades and open a buy and a sell positions for 0.013. And when do I close the new losing postion and open another sell and buy.?
i don't want to bog nannings thread with my discussion can we start to move the questions to my thread.
http://www.forexfactory.com/showthread.php?t=154841
if you want to start understanding it look at 100x80 method nannings thread
the markets moving, time to get in!
Sorry I do not understand your math. I have to look at your thread and try to see your logic. Thanks anyway
- #757
- Edited 2:22pm Feb 25, 2009 2:05pm | Edited 2:22pm
- | Joined Jan 2009 | Status: The only way to win is to get in | 215 Posts
daddy, just tell us how to get out of this 3level trade on UJ in profit, and if your method doesn't work, you owe us.. ok?
i have pulled that pair because it go outside the trade limits to much.
the markets moving, time to get in!
you needed buys with your sell to get out with my method the buys build up to create the end of the steps. you needed to have a buy from the beginning sorry daddy
It is even more confusing
. Just tell us what would you have done if you were in this situation. I do not think nanningbob would object discussing it here as it is related 100% to his thread.Thanks