Charvo,
Thanks so much for the script.
This is fantastic tool!
Cheers
Thanks so much for the script.
This is fantastic tool!
Cheers
- | Membership Revoked | Joined Feb 2010 | 760 Posts
charvo thanks
and what if we double lot on reversal => then if loss again, standard lot if loss again => 4x standard lot
so to sum up:
0.01 =>sl=>
0.02=> sl =>
0.01 =>sl=>
0.04
or is it too risky?
im trying other combinations (reduce/add pairs..i know he warned about that.but i just demo it)..will post results if it looks better
and what if we double lot on reversal => then if loss again, standard lot if loss again => 4x standard lot
so to sum up:
0.01 =>sl=>
0.02=> sl =>
0.01 =>sl=>
0.04
or is it too risky?
im trying other combinations (reduce/add pairs..i know he warned about that.but i just demo it)..will post results if it looks better
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
honestly, i had been working on similar idea before. i didn't finish the system and it was due to lack of time and energy......
what i got and think meaningful to be applied here are two things:
1. basket 1 use 1 lot, basket 2 use 1 lot, (same as Looser); if two baskets stopped out within one day, then basket 3 use 2 lots.
so the lot size is 1:1:2, if basket 3 stop out too, then that's bad luck, we cannot do anything about it. Otherwise, we recover basket 1 and 2's loss and result in profit.
the reason that i say this is not martingale is below:
2. if basket 3 is stop out, even basket 1 is placed in Asia open, I believe that 99% times basket 3 stop out during a NY session. This means: this day is GONE. even you lose 3 baskets, 4 lots of capital, you stop trading, you give up for today. no more, no more......
next day, Re-start trading basket 1 from 1 lot again.
well, this is just for crazy traders to experiment. i'm in no way encouraging such trading or variation of Looser's method. In fact, i'll focus trading his "Original Idea" for now.
what i got and think meaningful to be applied here are two things:
1. basket 1 use 1 lot, basket 2 use 1 lot, (same as Looser); if two baskets stopped out within one day, then basket 3 use 2 lots.
so the lot size is 1:1:2, if basket 3 stop out too, then that's bad luck, we cannot do anything about it. Otherwise, we recover basket 1 and 2's loss and result in profit.
the reason that i say this is not martingale is below:
2. if basket 3 is stop out, even basket 1 is placed in Asia open, I believe that 99% times basket 3 stop out during a NY session. This means: this day is GONE. even you lose 3 baskets, 4 lots of capital, you stop trading, you give up for today. no more, no more......
next day, Re-start trading basket 1 from 1 lot again.
well, this is just for crazy traders to experiment. i'm in no way encouraging such trading or variation of Looser's method. In fact, i'll focus trading his "Original Idea" for now.
charvo thanks
and what if we double lot on reversal => then if loss again, standard lot if loss again => 4x standard lot
so to sum up:
0.01 =>sl=>
0.02=> sl =>
0.01 =>sl=>
0.04
or is it too risky?
im trying other combinations (reduce/add pairs..i know he warned about that.but i just demo it)..will post results if it looks better
- | Joined Jul 2010 | Status: Member | 5 Posts
DEMO or LIVE ???
If live 573 enough for a partyBut I cautiously and strongly recommend demo practicing ...
If system will give me some hundred pips per day during this month I'll try it on real. Yesterday resalt was something about 350 pips profit.