"By the way, with a 60% to 70% win rate you could still make money even if your average loss is larger than the average win."
I would love that system..
Ignored
It isn't a system, just a fact. Here's an actual example from a mini-account (one day)
Winning Trades = 5
Losing Trades = 2
Total Pips Won = 235
Total Pips Lose = 121
Average Win (pips) = 47
Average Lose (pips) = 60.5
Win Ratio = 71.43%
Net P/L (pips) = +114
As you can see the average loss in pips is larger than the average win but the win ratio was large enough to produce a profit.
It isn't a system, just a fact. Here's an actual example from a mini-account (one day)
Winning Trades = 5
Losing Trades = 2
Total Pips Won = 235
Total Pips Lose = 121
Average Win (pips) = 47
Average Lose (pips) = 60.5
Win Ratio = 71.43%
Net P/L (pips) = +114
As you can see the average loss in pips is larger than the average win but the win ratio was large enough to produce a profit.
I don't care too much for the 1M or 5M time frames so with a 10 pip S/L I would get killed.
If you look at the Magix MTF thread the system is somewhat similar to what I use. I use some different indi's and "chart goodies" but you should be able to get good results with Magix MTF
Hi,
I have been following ur thread and use ur system based on 3TF. first i take 30min second second 5min and third 1min when when 30min is triggered than i luk at 5min is also triggered in same direction than i take trade in 1 min based on ema trigger only but it should be in same dirrection as 30 n 5 min chart it have given gud results. what is ur opinion in this method. As u have more knowledge. my tp +10/-10
I hope everyone are making pip with the system one advice when you pick one currency stay with that currency and when you pick to be short or long stay with it that reduce fake out that how i been trading lately i like the euro usd from 8-11am and the euro jpy from 7pm to 11pm
I am finding too many false signals with this - a green arrow followed a few mins later by a red arrow - when all conditions fullfilled.
Anyone also finding this?
hi rasc00,
have u tried bigger TF. same thing was happening to me so i use bigger time frame it is working for me.
quote=rasc00;3604110]I am finding too many false signals with this - a green arrow followed a few mins later by a red arrow - when all conditions fullfilled.
Anyone also finding this?[/quote]
hi rasc00,
have u tried bigger TF. same thing was happening to me so i use bigger time frame it is working for me.
quote=rasc00;3604110]I am finding too many false signals with this - a green arrow followed a few mins later by a red arrow - when all conditions fullfilled.
Anyone also finding this?
Ignored
[/quote]
Thanks for the reply - what tf works best for you?
I am also experiemnting with a 9 and 14 EMA and this works great on M1 & M5.
