What if I reversed all my orders? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA reversed to be separate indicators 3 replies

A statistically rare pattern/anomaly - reversed? 9 replies

Reversed Engineered Trading System 27 replies

Fibonacci Fan reversed 3 replies

add a reversed buy/sell option to the sweetspots EA 1 reply

Attachments: What if I reversed all my orders?
Exit Attachments

What if I reversed all my orders?

  • #21
  • Jul 27, 2011 11:10am Jul 27, 2011 11:10am
Quoting TradingNoob
That may be, but i'm usually about 15 pips SL, 25 TP, so I'm not sure if that is too tight.

http://i.imgur.com/m7T9W.jpg
EDIT: here's a chart, dollarcad, 15 min, and I said to myself, ok, there's a bit of a downtrend, indicated by the two green lines, and what I believed to be some tweezers, so I went short. Now, had I held that until 0400, I would have made it, but my stop, 15 pips, got tagged (red dot). So, as a NoobTrader, any advice? Apart from "don't do what you did there". Also, lol.

...
Dude, stops are always hit ocassionally. Question is, if you are earning money in the long-term, that is all that matters.
  • #22
  • Jul 30, 2011 3:53pm Jul 30, 2011 3:53pm
I suggest new traders that are steadily losing continue using the logic that made you a loser but reverse the trade. Just turn all your old trades around and see how positive your account is now. Be your own contrarian.
  • #23
  • Jul 30, 2011 6:20pm Jul 30, 2011 6:20pm
Quoting dforant1
I suggest new traders that are steadily losing continue using the logic that made you a loser but reverse the trade. Just turn all your old trades around and see how positive your account is now. Be your own contrarian.
If you place 1,000 consecutive forex trades with a 3 pip spread each, you will lose about 3,000 pips if your system has no trading edge.

Now reverse all the buy/sell signals and you will STILL lose about 3,000 pips.

That's why more than 90% of traders lose, they have no edge so the spread kills them, slowly but surely.
  • #24
  • Jul 30, 2011 7:02pm Jul 30, 2011 7:02pm
Quoting Brb-Fraudin
https://www.myfxbook.com/portfolio/b...trading/138450

Every single trade I make , hits SL !!?

What if I used trade copier EA , where it reverses my orders? I can gurantee you , that I'll never make a single +ve monthly gain.
You just need to understand WHY and WHAT you are doing wrong.If possible,speak to someone experienced.There must be a reason or method you use when placing trades.Where have you learned to trade????
FXsniper Pips This Month: -801
  • #25
  • Jul 30, 2011 7:31pm Jul 30, 2011 7:31pm
Quoting TradingNoob
That may be, but i'm usually about 15 pips SL, 25 TP, so I'm not sure if that is too tight.

http://i.imgur.com/m7T9W.jpg
EDIT: here's a chart, dollarcad, 15 min, and I said to myself, ok, there's a bit of a downtrend, indicated by the two green lines, and what I believed to be some tweezers, so I went short. Now, had I held that until 0400, I would have made it, but my stop, 15 pips, got tagged (red dot). So, as a NoobTrader, any advice? Apart from "don't do what you did there". Also, lol.

...
Look at your chart!
You are using bollinger bands or something similar.

Forget those trend lines........ they are meaningless on a 15min chart.
Wait for the price to go outside the outerband and then enter towards the middle when price turns back in. TP at the center line and stop above below the last high/low.

Look at higher time frames for trend direction or slap on a 250-500 ema smoothed to give you some idea.

You wont win every time but you will be giving yourself a fighting chance of survival.

Also......... start using the smallest lot size possible until you feel comfortable with your results.

Scale up only after you find a formula that gives a better than 50% win ratio.

Max
  • #26
  • Jul 30, 2011 7:40pm Jul 30, 2011 7:40pm
Quoting PanaMax
Wait for the price to go outside the outerband and then enter towards the middle when price turns back in. TP at the center line and stop above below the last high/low.
Sure, but did you backtest this idea on 25 currency pairs with at least 10 years of historical data?

It is easy to say "do this and do that ", but where is the proof that it is a profitable idea/system??
  • #27
  • Jul 30, 2011 7:46pm Jul 30, 2011 7:46pm
Quoting Mr Breakout
Sure, but did you backtest this idea on 25 currency pairs with at least 10 years of historical data?

It is easy to say "do this and do that ", but where is the proof that it is a profitable idea/system??

My reply will be a damn site more help to the OP than your comment mr 1v expert.

Max
  • #28
  • Last Post: Jul 30, 2011 8:26pm Jul 30, 2011 8:26pm
Quoting PanaMax
My reply will be a damn site more help to the OP than your comment mr 1v expert.

Max
You call that an answer?

Anyway Max from beautiful Panama, have a good weekend.
0 traders viewing now