DislikedIt looks like the Stealth V.2's Trailing Step is functioning well and I will continue to use it from here on out.
Trades I've taken:
Eur/Usd-Short- TP-94, SL-160, BE-47, BES-24, and TS-12, 8 lots
Eur/Gbp-Short- TP-72, SL-180, BE-36, BES-18, and TS-9, 8 lots
Eur/Jpy-Short- TP-118, SL-200, BE-59, BES-30, and TS-15, 4 lots
Gbp/Chf-Long- TP-212, SL-290, BE-106, BES-53, and TS-26, 8 lots
Gbp/Cad-Long- TP-126, SL-370, BE-63, BES-32, and TS-16, 4 lots
Eur/Cad-Long- TP-100, SL-150, BE-50, BES-25, and TS-12, 8 lots
Aud/Nzd-Long- TP-36, SL-90,...Ignored
- #169
- Oct 27, 2009 1:57am Oct 27, 2009 1:57am
- Joined Jan 2007 | Status: Trader | 1,626 Posts
I see for example EURGPB
TP 72 SL 180
Regardless of the end results of this trade
why do you enter a trade wich such a RR ?
Probably I am missing what the EA is doing in order no to exit at the HARD SL ...
Please make sure read the whole thread, this was already explained this is post #3:
Once we have made our entry, we need to input some numbers into out Stealth EA. First thing is to figure the initial stoploss. We measure from the entry of our trade to the Murrey Level above the level we just breached through. In this example we are at 212 pips. I know this seems steep but it is really only used as a emergency stop and not necessarily the point where we close out a bad trade (more on that later).
+++Everyone, please to read through the whole thread before asking your questions. I'm not saying that I won't help, but this will save having to answer questions over and over that couldv'e been answered already by reading through the thread. And if you still have questions, then post it here, thank you.+++ (not to be specifically aimed just at you david4u)
- #174
- Oct 27, 2009 6:55am Oct 27, 2009 6:55am
- | Joined Dec 2006 | Status: a german in greece | 128 Posts
Hi Mer,
first of all: this strategy is highly recommendable because most elements of it are based on price. That's never a mistake.
Regarding your money management I have some questions, though.
I see you use the d'Alembert progession (you call it semi-martingale), that's fine with me 'cause it works great for scalp trades, too. But: let's assume you have to enter all pairs on the same day (extreme case).
The days before you had some losers, some winners.
1. Do you only increase lot size on those who were losers?
2. Could it be that sometimes the whole bets you have to place can overwhelm your account size? Example:
Trade ONE 4 lots
Trade TWO 2 lots
Trade THREE 6 lots and so on
Easily those bets can exceed the account size and margin.
3. How do you calculate your increase: By lot or percentage? I see you're working with lot, so we have to assume you're handling a huge chunk of money on the forex and you don't really care about this "never risk more than 3% of your account" mantra.
4. TO ALL: Is there a MM-Tool (a really good one) that can cover this strategy?
Thanx again for this great strategy and apologies for my bad english.
first of all: this strategy is highly recommendable because most elements of it are based on price. That's never a mistake.
Regarding your money management I have some questions, though.
I see you use the d'Alembert progession (you call it semi-martingale), that's fine with me 'cause it works great for scalp trades, too. But: let's assume you have to enter all pairs on the same day (extreme case).
The days before you had some losers, some winners.
1. Do you only increase lot size on those who were losers?
2. Could it be that sometimes the whole bets you have to place can overwhelm your account size? Example:
Trade ONE 4 lots
Trade TWO 2 lots
Trade THREE 6 lots and so on
Easily those bets can exceed the account size and margin.
3. How do you calculate your increase: By lot or percentage? I see you're working with lot, so we have to assume you're handling a huge chunk of money on the forex and you don't really care about this "never risk more than 3% of your account" mantra.
4. TO ALL: Is there a MM-Tool (a really good one) that can cover this strategy?
Thanx again for this great strategy and apologies for my bad english.
42
Please read post 169 plus throughout the thread MM is thoroughly explained. Its not fair every day for the same question to be put to a very giving professional trader willing to give up a little of his time to help us.
Forgive me for stepping in; my intent is to help you and keep from wearing out mer071898.
Steve