Help me get 100% Win Ratio & 10 pips a day | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need Help to Make Good Win Ratio System 1 reply

I lose 40 pips and win 6 to 10 pips... 17 replies

How to get 1-5 pips with 100% win ratio? 89 replies

Win/Loss Ratio and R/R Ratio Link? 11 replies

Win 2 trades out of 10 and win 180 pips 8 replies

Attachments: Help me get 100% Win Ratio & 10 pips a day
Exit Attachments

Help me get 100% Win Ratio & 10 pips a day

  • #61
  • Mar 22, 2011 5:56pm Mar 22, 2011 5:56pm
Quoting Feliks
I don't argue against all you sad. That 10 EMA strategy isn't my rules and i don't professional coder. I just know it can be 10 pips, maybe with another rules. But can! Just i believe it. 10 pips gaining isn't need so much giving attention to news, trend and another factors. Thats why i wrote 10 pips. This number of pips market can do every day. We just need to find a better way to achieve from this much as we can. Losses can be, i don't deny. For example i can prefer such as simple strategy.

Daily
21EMA and 8EMA
RSI(21)

8>21 and RSI(21)>50...
hi feliks,

remember the market only goes up, down or sideways!! even in sideways movement it's still bouncing up and down. keep your trading method as simple as possible. a lot of people have a lot of indicators on their charts until they cannot see price. many traders trade different methods in this market and are profitable. you have to find yours.

the method that you lay out here is simple. if you think this method is good and feasible. try it test it out, then develop your EA around this method.

a robot doesn't know what is patience. some scalpers only take a few pips of profit a day with high lots and they're done trading for the day.

beat the spread, get the pips and run away!!! don't give up and you may conquer the market, give up and the market conquers you!!!

trade well. thanks
  • #62
  • Mar 22, 2011 6:50pm Mar 22, 2011 6:50pm
Quoting winningfx
a robot doesn't know what is patience. some scalpers only take a few pips of profit a day with high lots and they're done trading for the day.
Robots trade with implacable patience, a quality that no human can hope to better. If you program the robot to stop trading after it's made X pips, it will do so.

A robot's strength lies in its ability to execute a given plan accurately, consistently and emotionlessly. If it is unprofitable, then the fault lies with the plan itself, i.e. because the robot lacks the intelligence needed to make profitable entries and exits.
  • #63
  • Mar 23, 2011 1:00am Mar 23, 2011 1:00am
Actually i don't believe so much to indicators. Only Price. Because one guy asked me several questions and my answers to them really instigate me to look the price.

Questions were so

1) Who or what drive the market?
My answer - Liquidity and Central, Commercial Banks the biggest "drives" who has mlrds. dollars and s. on.

2) How do you think banks have the mlrds. will look to the indicators which will cross something or overbought-oversold situations?

After several minutes thinking My answer - No)

After that i asked "so what will I have to look if not the indicators"?
-Price,Price,Price and /3 )))
Think like an investor, Act as a speculator. Ferid H.
  • #64
  • Mar 23, 2011 1:04am Mar 23, 2011 1:04am
Quoting winningfx
hi feliks,

remember the market only goes up, down or sideways!! even in sideways movement it's still bouncing up and down. keep your trading method as simple as possible. a lot of people have a lot of indicators on their charts until they cannot see price. many traders trade different methods in this market and are profitable. you have to find yours....
About this strategy I shared long ago. The EA also was coded. But..
http://www.forexfactory.com/showthread.php?t=249245
Think like an investor, Act as a speculator. Ferid H.
  • #65
  • Mar 23, 2011 2:15am Mar 23, 2011 2:15am
Quoting winningfx
keep your trading method as simple as possible. a lot of people have a lot of indicators on their charts until they cannot see price.
It's like driving your car on a foggy day
  • #66
  • Edited 12:08pm Mar 23, 2011 11:54am | Edited 12:08pm
Indicators are meant to tell you something meaningful or give you a clue about possible future price movement but they do NOT dictate how the price will move in the future. Price movement still takes central stage.

It's true that those "BIG PLAYERS" might not use indicators. Why? Because they don't need to. They ARE the ones who are creating the price movements that we see in the market. But we still need to use indicators. Why? Because we need indicators to give us a clue of what those "BIG PLAYERS" are doing, what's their sentiment so we can trade WITH them and not AGAINST them.

The thing with too many indicators is not that it necessarily "fogs up" your chart, but many times it gives you conflicting information. Sometimes it is useful to have multiple indicators that can show you the price movements from different angles and perspective. You can have one indicator to show you the price momentum, another to show you volume, yet another to show you direction. There is nothing wrong with that. The key is to find a group of indicators that can work with each other harmoniously to give you a complete picture of the price movement. Think of your indicators as a team. You want each member of your team of indicators to be able to work with each other to help you achieve profit on each trade. What you don't want are indicator(s) that cannot agree or worse fight with each other and give you conflicting information and you end up not being able to make the right decision.

Remember, it's not the quantity of or which indicators you use that matters, it's HOW you use them.
Make your losses in demo. Earn your profits live.
  • #67
  • Mar 23, 2011 3:04pm Mar 23, 2011 3:04pm
Quoting Forexia
Indicators are meant to tell you something meaningful or give you a clue about possible future price movement but they do NOT dictate how the price will move in the future. Price movement still takes central stage.

It's true that those "BIG PLAYERS" might not use indicators. Why? Because they don't need to. They ARE the ones who are creating the price movements that we see in the market. But we still need to use indicators. Why? Because we need indicators to give us a clue of what those "BIG PLAYERS" are doing, what's their sentiment so...
Amazing side of this that they know that what the indicators can show for traders and how really is it true that the market goes there if we believe the indicator? If i have a "toy" that i know "how to play with it" and i give it to people "for playing". How do do you think? How long people can get "pleasure" of it? Who made the "toy" know everything about it and know when "it can be broken", when it give "pleasure". And we all know that 90%-95% on this business lose and 5% win. Why? Because that 5% know how to win 90%-95%. They don't use indicator and enter the market when nobody waits some "big moves coming"...
I prefer use MA's, Price, Fibo lines and candle formations.. And from these tools lets try to find out strategy for 10 pips. If somebody has truly good idea for EA, let him share it and I'll try to code it..

Regards..
Think like an investor, Act as a speculator. Ferid H.
  • #68
  • Mar 23, 2011 5:15pm Mar 23, 2011 5:15pm
Quoting Feliks

I prefer use MA's, Price, Fibo lines and candle formations.. And from these tools lets try to find out strategy for 10 pips. If somebody has truly good idea for EA, let him share it and I'll try to code it..

Regards..
MM's, Fibo lines and candle formations are all "indicators", they can all be members of your indicators team which is to tell you when the "big moves" are coming or are here.
Make your losses in demo. Earn your profits live.
  • #69
  • Mar 27, 2011 3:11pm Mar 27, 2011 3:11pm
Quoting Feliks
I don't argue against all you sad. That 10 EMA strategy isn't my rules and i don't professional coder. I just know it can be 10 pips, maybe with another rules. But can! Just i believe it. 10 pips gaining isn't need so much giving attention to news, trend and another factors. Thats why i wrote 10 pips. This number of pips market can do every day. We just need to find a better way to achieve from this much as we can. Losses can be, i don't deny. For example i can prefer such as simple strategy.

Daily
21EMA and 8EMA
RSI(21)

8>21 and RSI(21)>50 Buy
8<21...

I scalp and generally get 1-5 pips a day. Sometime more, sometimes less and take a loss. My stop is usually 1-3 pips.

I'm still a beginner, so take this for whatever you feel it's worth. But from my experience thus far...

You need to have very good entries if you're going to use small stops/targets like the 10pips you mentioned. You also need to know exactly when to get out. And you need to be fast. Even though I trade with the trend and momentum so much depends on what price is doing right now. So much is subjective.

I saw an EA being mentioned but not sure if you're trying to use one. If so, I'd recommend against it. I do believe EA's can work BUT, only if the coder knows exactly what to look for and what to watch out for. Which means the coder would already be a good discretionary trader. If you can't trade on your own then trying to create an EA is going to make things worse, imo. But you have to find your own path so your choice.
  • #70
  • Mar 27, 2011 11:22pm Mar 27, 2011 11:22pm
Quoting Trankuility
My stop is usually 1-3 pips.
are you using a "mental stop"? If you are using a "fixed stop" than that is amazing! your market timing has to be spot on!

I can understand if you are using a "mental" stop, that is manually closing out your losing trade once it is in 1-3 pips negative, but my experience is if you try and use a 1-3 pip fixed stop it will be hit everytime! Unless of course you have amazing market time skill

~Tim
  • #71
  • Mar 28, 2011 12:15am Mar 28, 2011 12:15am
It is a mental stop. Initially I started with a 2 pip hard stop and yeah had to have practically perfect entry which meant not taking any trades at all on some days. Hah.

What type sl do you use?
  • #72
  • Mar 28, 2011 12:34am Mar 28, 2011 12:34am
I use the mental stop as well......... whenever I used fixed stops less than 20pips,, it will most likely get hit, and then I end up lossing

IMO, if you are a scalper and you have time to sit and watch your trades, the mental stop is the way to go... just my opinion.

but I always use a "safety net stop", you know if the internet goes out or something lol, to save the account! and I always try to trade with the longer term trend...

its funny coz most everything you read about forex says,, never trade with out a stop or you have to have at least a 2:1 risk:reward... but for scalping following those rules the odds are against you.

~Tim
  • #73
  • Mar 28, 2011 2:14am Mar 28, 2011 2:14am
Yeah couple weeks ago I tested out using hard stops and profit targets with 3 to 1 ratio and got my ass kicked. For whatever reason its just much easier for me to get in and out quick for very small amounts consistently. It's not the way you're "supposed" to trade but it's been working for me! Hah.

I also use an emergency oh shit stop of 15 pips in case of power outage or disaster. But it's never a stop I use normally. Always just 1-3. Just yesterday I bought a ups so I'll have about 5 minutes of backup power which is more than enough time for me to close a trade so I don't ever expect to hit that emergency stop.

You mentioned you wen full time. I imagne there were times that it was pretty tough to gut it out knowing you're trading for keeps!
  • #74
  • Mar 28, 2011 2:43am Mar 28, 2011 2:43am
Am about to board a plane to China and will be back in a couple of weeks. Looking forward to talking more about scalping when I get back.
  • #75
  • Mar 29, 2011 6:22am Mar 29, 2011 6:22am
Quoting Trankuility
and got my ass kicked. I also use an emergency oh shit stop. I imagne there were times that it was pretty tough to gut it out knowing you're trading for keeps!
,, ha.. you crack me up man!
I'm not sure what you mean by gut it out,,, but i think it might mean one of two things.... is it tough to hold onto a trade when all your using is a oh shit stop? or is it tough to trade full time while not making money?

I will answer both
It's not that tough only trading with an "oh shit" stop,, i usually always exit out around a 30pip stop, but my hit rate is pretty high so i end of with more pips than less!
It was hard learning to trade with out a job. I was in sales, so i could go to work whenever I wanted, but I chose to stay up at night (im in america) and trade london session (demo) and just go broke.... coz it felt like just trying to learn everything is a full time job in it's self, except while learning you dont get paid. I just look at it like im a broke ass college student, but studying for the best job in the world,, lol... and i think anybody can figure this crap out if they never give up,, even if it takes ten years...
  • #76
  • Last Post: Apr 13, 2011 4:36pm Apr 13, 2011 4:36pm
Back now. Great trip!

Anyway, I was referring to the fact that you're living off trading. So if you have some bad days or weeks you have to have the mental toughness to push through and remain focused.

And I agree. I think most anyone can learn to trade if they learn to control themselves.
0 traders viewing now