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As Simple as 1-2-3

  • #21
  • Apr 20, 2007 8:13pm Apr 20, 2007 8:13pm
I use 1-2-3 settings in the dailies as part of my trading arsenal, and it works well. Even better when combined with theearlky entry method that somebody posted here before, just have a tight stop before it hits the pivot point at #2 since it may bounce back if it is a false breakout.
  • #22
  • Apr 20, 2007 8:38pm Apr 20, 2007 8:38pm
Quoting martinez
If it works the 70 % of the time so for every 10 trades we get 7 win trades and 3 loss trades, if in every trade we risk(x%) the same that we hope to win (x%) so in 10 trades we will get 7x % - 3x % = 4x %, if we can get the setup 5 time for week so every 2 weeks we will get 4x % of return, if we risk 3 % every trade so we have:
12 % every 2 weeks and not 17 % every week.

Thanks for share your system Donadoney

Greetings
Martinez
You forgot to include Reward/Risk ratio of 2/1 in your calculation.
That's why you are getting different return.
  • #23
  • Last Post: Edited Apr 21, 2007 9:32am Apr 20, 2007 9:38pm | Edited Apr 21, 2007 9:32am
Quoting tkman
You forgot to include Reward/Risk ratio of 2/1 in your calculation.
That's why you are getting different return.
Oh yes, 7(2x%) - 3(x%)= 11x % every 10 trades, if the risk is 3% so 11x%=33% every two weeks, 16,5 % every week.

Greetings
Martinez
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