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Attachments: Money management plan - Your way to the millions
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Money management plan - Your way to the millions

  • #21
  • Jan 26, 2010 2:47am Jan 26, 2010 2:47am
Quoting Hova
nicely done! i'll look forward to test your system.
Is that both 1H ?
Hello Hova,

yea both is one hour and continues, pic one then pic two is continues of one hour chart.

for sure i will post the system but I need to test it at least for some days cause I will launch it with ready to use EA.
  • #22
  • Jan 26, 2010 2:50am Jan 26, 2010 2:50am
Quoting maanawi
Hello Hova,

yea both is one hour and continues, pic one then pic two is continues of one hour chart.

for sure i will post the system but I need to test it at least for some days cause I will launch it with ready to use EA.
But you will post indicator too ? i prefere to trade manually.

rgds
Never whishing, always trading.
  • #23
  • Edited 2:33pm Jan 26, 2010 2:07pm | Edited 2:33pm
Quoting domino
MM can create a hugely profitable system from really bad entry and exit tactics.
No disrespect, but this is perhaps the single most misleading statement I've read in my 3 years of trawling this forum.

Please prove me wrong by explaining how this is possible. Then we can all get rich by running an EA that uses random entries and exits.
______________________________

[EDIT] The example in your post shows only one possibility: each loss is immediately followed by a win. Consider this scenario: the trader who risks $500 per trade is wiped out after 2 losses, while the trader who risks 50% still has $250 left in his account.

Despite the fact that, with fixed fractional (percentage) sizing, it takes more than X% in wins to recover from X% drawdown, I've yet to find anything better. Should your account fall below breakeven, your losses become smaller dollar-wise, allowing you to survive longer. And when your account grows above breakeven, compounding allows you to profit at an accelerated rate. I see that as a win-win situation.
  • #24
  • Jan 26, 2010 2:30pm Jan 26, 2010 2:30pm
Quoting hanover
No disrespect, but this is perhaps the single most misleading statement I've read in my 3 years of trawling this forum.

Please prove me wrong by explaining how this is possible. Then we can all get rich by running an EA that uses random entries and exits.
whats in it for me lol... why give away hard work.
  • #25
  • Jan 26, 2010 4:20pm Jan 26, 2010 4:20pm
Quoting maanawi
I will post the system at the forum once I make it much better, I just finished with it today morning!
the arrows based on moving averages cross, macd, rsi and stochastic you will only have to trade the arrows nothing else and there is no reprint 100%

attached picture for 1H same clean signals on mtfs
but there a very little of lags some times and im working on to make of this system a perfect thing.
Fantastic! what will be the name of your system, thread and when will be released ?
  • #26
  • Edited 11:30pm Jan 26, 2010 10:00pm | Edited 11:30pm
Quoting domino
whats in it for me lol... why give away hard work.
Fair enough!

Anyway, it looks like I owe you an apology. I've just been reading thru your Research Journal thread. Looks like your edge comes from applying interest rate differentials, some price action based on market psychology, and technicals. I see your point about the basket helping to mitigate risk.

When I made my comment, I was thinking in terms of trading a single pair. My view is that the only way to profit (beyond short term 'luck') is being net long when price is rising, and net short when it's falling, heavily/often enough to overcome costs. I can't see how 'creatively' sizing positions can rescue a method that fails in that respect. That was what I meant by "MM".

In this scenario, I believe we can use MM to adjust overall return and risk parameters, but I can't see how MM in itself can provide an edge. If it was possible to succeed with MM alone, then there would be no need for any kind of analysis (TA or FA).
  • #27
  • Edited 7:43am Jan 27, 2010 7:31am | Edited 7:43am
my apologize something went wrong!!

I do trade on CMS vt trader with complex system by these settings:

ma 1
ma 2
rsi 23
macd 5, 89, 180

5m chart

and the results i post yesterday
CHF/JPY

-10
+8
+108
-------------

GBP/JPY

+10
+140

--------------
EUR/JPY

-8
+12
+150

--------------

EUR/GBP
+11

---------------

GBP/USD
+23

---------------
EUR/USD
-5
-6
-4
+73
was truly happened at this time, but unfortunately the continues of the day gave bad results, I said no repaint as i test on VT trader but with meta trader was there a repaint, vt trader no reprint for the signals.

regards,
Alaa
  • #28
  • Jan 27, 2010 12:51pm Jan 27, 2010 12:51pm
OK soo what happens next ? i hope you find that it is still working fine

best regards
  • #29
  • Jan 27, 2010 1:45pm Jan 27, 2010 1:45pm
no the new strategy is bad it did well yesterday only cause trends was clear but since trends play up it did only - losses

any way im working on new strategy once im sure about it I will share it.
  • #30
  • Jan 28, 2010 4:11am Jan 28, 2010 4:11am
what about the old strategy then the one you first have because that one is different from the new one that did not work right +


BEST REGARDS
  • #31
  • Edited 1:47pm Jul 5, 2010 1:25pm | Edited 1:47pm
Dear traders who did follow with me in this thread,

do any one interest to join me in applying the money plan using the PA?
a way I think to start the journey is:
most of the time I can get to good reversal levels and correction with so tight SL not more than 2 up to 5 pips and gain from 25 pips up to 50 or more.
so we have say 10 trades to lose to shift us to down level on the money plan and 10 trades to shift us up if each successful trade hit the 40 pips or more.

I need experienced traders to join and to post price levels that they are sure of revers at or entries with trend lines with tight stop lose not more than 7 pips Sl for each trade

however you have, the start will be 100 USD to this journey no more no less and consider the risks.
you can get look on my posts and attachments so see my analysis strength.
so we need to create a professional team from 3 or 4 traders and im included to handle the journey.

please let me know your opinions and who is ready to assist!

Regards,
Alaa
  • #32
  • Jul 11, 2010 8:10am Jul 11, 2010 8:10am
Quoting maanawi
no the new strategy is bad it did well yesterday only cause trends was clear but since trends play up it did only - losses

any way im working on new strategy once im sure about it I will share it.
whatever system you take, it will only work when the trends are clear. All systems also give false signals, so don't give up on your system. The idea is to be profitable in the long run, and make more money than you lose. Losing is part of trading
Twitter: @forexpokerpro
  • #33
  • Jul 11, 2010 9:13am Jul 11, 2010 9:13am
Quoting BBPI_fxtrader
whatever system you take, it will only work when the trends are clear. All systems also give false signals, so don't give up on your system. The idea is to be profitable in the long run, and make more money than you lose. Losing is part of trading
thank you for the advice bro
  • #34
  • Jul 14, 2010 1:15pm Jul 14, 2010 1:15pm
Quoting maanawi
Dear traders who did follow with me in this thread,

do any one interest to join me in applying the money plan using the PA?
a way I think to start the journey is:
most of the time I can get to good reversal levels and correction with so tight SL not more than 2 up to 5 pips and gain from 25 pips up to 50 or more.
so we have say 10 trades to lose to shift us to down level on the money plan and 10 trades to shift us up if each successful trade hit the 40 pips or more.

I need experienced traders to join and to post price levels that they are sure...
when its fixed pips your are looking to gain you miss understanding how the market is moving to new volatility.. using a fixed distance stop or profit target will get whipped and cause not needed losses and less gains when it could move more.. everything is adjustable in these markets
  • #35
  • May 9, 2011 10:02pm May 9, 2011 10:02pm
your xls. file give me the hope, to learn/efforts/struggle more than can be achive goals.
i see this thread today, but this file u sent by email months before.



thanks brother
Trade what you see, Not what you think.
  • #36
  • Nov 8, 2016 2:56am Nov 8, 2016 2:56am
Quoting maanawi
Dear traders who did follow with me in this thread, do any one interest to join me in applying the money plan using the PA? a way I think to start the journey is: most of the time I can get to good reversal levels and correction with so tight SL not more than 2 up to 5 pips and gain from 25 pips up to 50 or more. so we have say 10 trades to lose to shift us to down level on the money plan and 10 trades to shift us up if each successful trade hit the 40 pips or more. I need experienced traders to join and to post price levels that they are sure of...
Take a look at THE only Pattern by atheer, you might find what your looking for there..
It's in fear when people show what they truly value.
  • #37
  • Mar 27, 2017 2:27pm Mar 27, 2017 2:27pm
One has to learn how to manage the money. It is essential to gaining more profit and minimizes losses. If you don’t know it and you throw in all of your money then you might walk out with nothing too. You have to trade with modest amount and also learn to avoid losses so you do walk out with some profit like using stop loss or only trades at the right market time and the right trends. You should also use how capital and leverage as a newbie to prevent huge loss.
  • #38
  • May 10, 2017 3:32am May 10, 2017 3:32am
Despite of having most powerful trading strategies that’s not possible at all to make profit with consistency , if you don’t know how to manage money. So, it is more important to make sure proper money managing plan first of all.
  • #39
  • Jul 30, 2017 2:47pm Jul 30, 2017 2:47pm
Quoting MitchellMcC
Despite of having most powerful trading strategies thats not possible at all to make profit with consistency , if you dont know how to manage money. So, it is more important to make sure proper money managing plan first of all.
Yes, it is. How much we can earn from our trading techniques it depends on our money management plan.
  • #40
  • Jul 31, 2017 10:33am Jul 31, 2017 10:33am
For financial planning using compounding, review of EAs and signals check out this app

https://play.google.com/store/apps/d...nvestmentguide
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