Graeme thank you so much for all your time and wisdom. Most would agree that we are in awe of you as a person and trader. You have given us more than enough ,it is over to us now. All blessings to you mate .
Thegman's Journal (Equity Millipede Concept) 102 replies
Trading an Equity Millipede 23 replies
Equity millipede & Flying Buddha trading journal 9 replies
Build an Equity Millipede with the filtered Flying Buddha 171 replies
Application Development - Journal of Building an equity millipede 14 replies
DislikedPipEasy, can I pose a question?
If someone - anyone - was able to generate 3 x R:R 1 to 1 trades per day, there would be no need to even worry about long-term trends.
If your entries are as good as this, why do you trade with the elaborate groups, counter-trades and longer-term trends? Trading 1:1 alone could get you an increase on account of at least 700% in a year compounded, without any long-term trade management?
Hell, I'm all for following trends, but I just don't get the necessity in this instance - for most mere mortals, the trend...Ignored
DislikedOn the beginning of this thread you said that the money management is one of the (paraphrasing) cornerstones of a successful trading. This is why I would like to set a good money managing plan before I start of with this system.
I will sketch what I had in mind, and could you point me in the right direction and say what could be better?
From the back testing I saw that opening two positions instead of one (one of them has hard stop loss on -100 and hard TP on +100) and the other is closed in the future when I see that it is ready to be closed....Ignored
DislikedHmm let me help you with this. Seems like Graeme will be away for a while. I really hope he comes back.
20 pairs is way too many pairs. Pick 5-7 major pairs. I promise you will be very2 busy.
Make your position so that its 0.5% risk per position.
If you need more money ... diversify .. realize your profit .. but like Graeme says .. never close all position.Ignored
DislikedIt seems we need a new forum where people are not judged on vouches and number of posts. A silly system, and is likely why most are here.
Perhaps someone should start a forum with verification such as mt4stats as a requirement to join and/or post.Ignored
DislikedWould that really fix the problem! Beside these forums are open to interpretation. If you dont like what you see then you can move on and if you want to start a thread you have the options of limiting access to people. You can have it so that you require a certain number of vouches to be included (or have the OP give you permission) but all that does is limit so of the clogging that appears because people just want everything handed to them without doing any of the work for themselves.
Just because you set up a new forum with requirements does'nt...Ignored
DislikedThis thread has given me some food for thought. My personal trading has me holding positions for months, but I have a drawdown problem.
What you wrote in post #340 gave me an idea for a different way of handling my multiple entries and SL.
Quote:
If you cannot be bothered doing the hard work of perfecting your entries, then here you go.
Entering a position at every .00...Ignored