The Really Useless Thread | Page 1935 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #38,681
  • Dec 6, 2011 1:43pm Dec 6, 2011 1:43pm
Quoting wannaberich
just shorted 97... 15 pip risk...
You had 2 HH and 2 HL on m15. Not a good idea to short...
  • #38,682
  • Dec 6, 2011 1:45pm Dec 6, 2011 1:45pm
Quoting gatorinla
going to 3367 min.. could this be the break?
oh well.. voided.. 5m setup is less reliable.
those who can, do. those who cant, talk about those who can
  • #38,683
  • Dec 6, 2011 1:45pm Dec 6, 2011 1:45pm
Quoting attila
Would you share that formula? I'm thinking at different things. This is a good read. Might give you more ideas. It's not only about Risk mgmt., it's also about optimization of your capital.

Attachment
Thanks for the link, looks interesting. Formula is pretty basic...

lotCalcPerAmount = Amount of dollars to equal .01 lots.

So if lotCalcPerAmount is set to 100, you will get .01 lots available to trade with for every 100$ of equity you have.

lotsAvailable = MathFloor((AccountEquity()/lotCalcPerAmount*0.01)*100)/100;
  • #38,684
  • Dec 6, 2011 1:46pm Dec 6, 2011 1:46pm
Quoting Venice
I really want to short here. Infact, I will.

Short 3403, risk is 3407
That didn't take long, now did it?
  • #38,685
  • Dec 6, 2011 1:48pm Dec 6, 2011 1:48pm
Quoting Venice
Thanks for the link, looks interesting. Formula is pretty basic...

lotCalcPerAmount = Amount of dollars to equal .01 lots.

So if lotCalcPerAmount is set to 100, you will get .01 lots available to trade with for every 100$ of equity you have.

lotsAvailable = MathFloor((AccountEquity()/lotCalcPerAmount*0.01)*100)/100;
Thanks V. I'll make a quick indi out of it. Read that pdf over the weekend. It's all about numbers and how you increase/decrease your lot size as a function of your performance. I think that takes all the guess work out of things and keeps you protected.
  • #38,686
  • Dec 6, 2011 1:48pm Dec 6, 2011 1:48pm
small risk so... i took it. contrarian signal when i closed and flipped. vol coming up on the up candles so we might retrace some.

i was looking at the 5m and we did a LL. if it bounces at the top of the channel would be the LH. we didn't. as V just said, took the loss and the long signal.

Quoting attila
You had 2 HH and 2 HL on m15. Not a good idea to short...
dreams do come true.
  • #38,687
  • Dec 6, 2011 1:49pm Dec 6, 2011 1:49pm
Quoting attila
Thanks V. I'll make a quick indi out of it. Read that pdf over the weekend. It's all about numbers and how you increase/decrease your lot size as a function of your performance. I think that takes all the guess work out of things and keeps you protected.
Yep. It's what I like about this. As you win, lot sizes increase, as you lose, lot sizes decrease. Bad part, is that your losers will always be the highest leverage.
  • #38,688
  • Dec 6, 2011 1:50pm Dec 6, 2011 1:50pm
Quoting Orbital
Does anyone here have a target for USDCHF long?
Parity
  • #38,689
  • Dec 6, 2011 1:52pm Dec 6, 2011 1:52pm
i have a couple (for scalps) that open and close position so u can set like Alt - B for a buy. we just have to set the lots to whatever conditions we want.

i could help during the weekend if you guys are interested.

Quoting attila
Thanks V. I'll make a quick indi out of it. Read that pdf over the weekend. It's all about numbers and how you increase/decrease your lot size as a function of your performance. I think that takes all the guess work out of things and keeps you protected.
dreams do come true.
  • #38,690
  • Dec 6, 2011 1:54pm Dec 6, 2011 1:54pm
RUUUUUUUMMMMOOOOAAAAAARRRRR tiiiiime!!!!!!!!!!!!!!!!!!

so the EU is considering TWO different bailout packages simultaneously AND possible more IMF funding

oh and dogs and cats are living together in increasing numbers
  • #38,691
  • Dec 6, 2011 1:56pm Dec 6, 2011 1:56pm
Quoting PayTheLimit
3430, yest/mid..

also 3423 the mid of the big down bar in the vicinity..
still..
Look Sharp/Trade Tight
  • #38,692
  • Dec 6, 2011 1:58pm Dec 6, 2011 1:58pm
Quoting wannaberich
small risk so... i took it. contrarian signal when i closed and flipped. vol coming up on the up candles so we might retrace some.

i was looking at the 5m and we did a LL. if it bounces at the top of the channel would be the LH. we didn't. as V just said, took the loss and the long signal.
Not very often the 15m lies to us... just did on the e/u 15m. hah. Barely moved up much in the grand scheme of things... still in that stupid supply zone. Eat away at it or move down already I say!
  • #38,693
  • Dec 6, 2011 2:01pm Dec 6, 2011 2:01pm
tp at 38. almost 1:1 RR here...

Quoting Venice
Not very often the 15m lies to us... just did on the e/u 15m. hah.
dreams do come true.
  • #38,694
  • Dec 6, 2011 2:02pm Dec 6, 2011 2:02pm
Quoting wannaberich
tp at 38. almost 1:1 RR here...
Engulfed right into same supply.

Still too consolidation'ish for me on the 1h. Need a close above 3427 or below 3360.
  • #38,695
  • Dec 6, 2011 2:02pm Dec 6, 2011 2:02pm
the dogs head has swollen! hope he didn't try to eat the cat again, i guess he's allergic to it! LOL

take care!
dreams do come true.
  • #38,696
  • Dec 6, 2011 2:03pm Dec 6, 2011 2:03pm
Quoting Wulfgar
so the EU is considering TWO different bailout packages simultaneously AND possible more IMF funding
nothing left to downgrade, bounce off rock bottom could be big, godspeed the technocrats!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38,697
  • Dec 6, 2011 2:04pm Dec 6, 2011 2:04pm
Quoting The Fool
nothing left to downgrade, bounce off rock bottom could be big, godspeed the technocrats!
Europe is now the world biggest insolvent hedge fund that frontruns the rumors it itself spreads: great tweet i saw
  • #38,698
  • Dec 6, 2011 2:05pm Dec 6, 2011 2:05pm
unleashing the green in me! took the tp off (just in case PTLs 1.36 is the way )

Quoting The Fool
nothing left to downgrade, bounce off rock bottom could be big, godspeed the technocrats!
dreams do come true.
  • #38,699
  • Dec 6, 2011 2:07pm Dec 6, 2011 2:07pm
Quoting wannaberich
unleashing the green in me! took the tp off (just in case PTLs 1.36 is the way )
YouurO tew 2.0 in 36 hours!!!
  • #38,700
  • Dec 6, 2011 2:08pm Dec 6, 2011 2:08pm
Quoting wannaberich
i have a couple (for scalps) that open and close position so u can set like Alt - B for a buy. we just have to set the lots to whatever conditions we want.

i could help during the weekend if you guys are interested.
Yeah. My buy/sell scripts are mapped to two of my side mouse buttons. That's how lazy I am. I may incorporate some mm into the scrips. Add this as an expert adviser and no need for the keyboard anymore...

Just don't put it on two charts of the same pair, the SL/TP will go into infinite loop and the broker might not be happy about that. LOL.

Attached File(s)
File Type: mq4 SL-TP_move-by-Mouse1.mq4   7 KB | 329 downloads
21 traders viewing now