Otherwise if we take a full hit we would've lost twice as much.
Then on the other hand we can only win 50% which lowers our RRR by about half.
I don't know, doens't sound so good to me, or maybe i'm calculating this in the wrong way?
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DislikedWould you devide your initial risk into two pending orders then you mean?
Otherwise if we take a full hit we would've lost twice as much.
Then on the other hand we can only win 50% which lowers our RRR by about half.
I don't know, doens't sound so good to me, or maybe i'm calculating this in the wrong way?Ignored
DislikedWould you devide your initial risk into two pending orders then you mean?
Otherwise if we take a full hit we would've lost twice as much.
Then on the other hand we can only win 50% which lowers our RRR by about half.
I don't know, doens't sound so good to me, or maybe i'm calculating this in the wrong way?Ignored
DislikedAce there's evidently a British banking holiday on Monday and Labor Day is next Monday in the US.
Do you still trade these weeks and if so do you make any adjustments ? E.g. reduce lot sizes. Or do you trade as usual?
Thanks!
SandyIgnored
DislikedIt think he said he was gonna trade on monday, but i don't know if he will enter full throttle.Ignored
DislikedYou are absolutely right, as we cannot get partial losses if the trade goes against us, we should not get any partial profits.Ignored
DislikedThat doesn't looks bad, thanks for the info.
Though what i am looking for, i don't know if this exist or if it's even possible to program as an indicator, is an indi that automaticly moves the SL when certain areas prices are hit.
Like an automated SL, kind of like a trailing stop, but it only moves when, as said, certain prices are hit, for instance:
TP #1 is hit, EA now moves SL to BE +20.
TP #2 is hit, EA now moves SL to TP #1
TP #3 is hit, EA now moves SL to TP #2
etc...
Does anyone know anything like that to exist or if it's possible...Ignored
DislikedI am with IBFX and I use their program called IBFX partial close available through their website downloads. I tried to use it with non-IBFX platforms and I got a repetitive error pop-up...
However, I am still working on incorporating a straddle/hedge program into this because they obviously don't let you place hedges.
MikeIgnored
DislikedYou are absolutely right, as we cannot get partial losses if the trade goes against us, we should not get any partial profits.Ignored
DislikedHi Mike,
i must've read your post 4 times and 1 time VERY slow, but i still can't see the connection to my question you quoted.Ignored
DislikedLOL!! I can't even make sense of it. MUST... HAVE... COFFEE!!
What I meant to say is . . .Ignored
DislikedLOL!! I can't even make sense of it. MUST... HAVE... COFFEE!!
What I meant to say is -
If you have IBFX, use their program called Partial Close. It allows you to move s/l and t/p as desired.Ignored
Disliked
At least it was a one-time glitch for you, my friend. With me, it's more a habit. I figure if I post thoughts that neither fellow traders nor I can understand, there's little chance of anyone challenging my statements.Ignored
Disliked
At least it was a one-time glitch for you, my friend. With me, it's more a habit. I figure if I post thoughts that neither fellow traders nor I can understand, there's little chance of anyone challenging my statements.Ignored
DislikedGreat results. I can't help but wonder how many of those BEs were in profit and could have been converted to wins by taking partial profit. Pharoah's MA trailing stop system maybe
Sandy
later---- I went back and checked Danno's great data for 2009 using the trades with modifications. There are 9 trades that closed at BE after hitting TP1. So if you used the strategy of placing two pending trades in the same direction instead of one, closed 1 at TP1 and set the other to BE + 10 or +20 (upto you) you would have 9 additional trades that closed...Ignored
Dislikedhaha now that's a great RRR!!
Though i guess the reward part is pretty much left out since you don't even understand your own statements then, lol.
Unless of course the reward is that no one understands that you don't understand, but you understand that they don't understand the statements either!Ignored