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What is "now", if it's not the infinitesimally small slice of time that separates the past from the future?Ignored
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Anything that increases profit without additional risk has got to be the optimum bonus!Ignored
Rationale behind "Risk Per Trade" and "Risk/Reward Ratio"? 8 replies
Regarding risk/reward ratio 10 replies
Is a high risk reward ratio overrated? 12 replies
Good reward/risk ratio experiment 20 replies
Risk Reward Ratio and Account Risk 30 replies
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What is "now", if it's not the infinitesimally small slice of time that separates the past from the future?Ignored
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Anything that increases profit without additional risk has got to be the optimum bonus!Ignored
DislikedThe problem with discussions like this is someone starts a thread and expresses their opinion or tries to give what they think is good advice, others point out the flaws or express a contrary opinion, and rather than having a reasonable debate about the merits or otherwise of an idea it descends into chaos with nothing conclusive or constructive ever coming out of it. Lacking the strength of their convictions people on both sides ignore challenging questions, blow smoke, become abusive, or make some generic statement or other like 'it works for...Ignored
DislikedThe problem with this discussion is that for some reason unbeknown to me people have decided to challenge the idea that trading a method that yields 60-70% hit rate at 1:1 risk reward ratio is an acceptable way to trade. In 11 year old child can see that anything that yields a hit rate like that with that risk to reward ratio is a worthwhile exercise. I fail to see why this is SUCH a difficult concept for people to swallow and why some insist it is a waste of time and greater reward to risk ratio methods are the only way to trade. My suspicion is...Ignored
DislikedNo the issue here is............
1. you started this thread like you'd just moved to this method, then it's been 5 years of profitable trading.
2. Your 60-70% is just that, we have no proof to back this up and I'm right cause I have a 104% hit rate. ( see ? )
3. There are better ways to trade, if you haven't got the time then fair enough, if you haven't got the skill to spot your own exits, fair enough, but don't be going all this is the grail, it isn't.
You alledegly have an entry system which gives you 60-70% hit rate ( why don't you know...Ignored
DislikedLet me just say once again. The reason the hit rate is reasonably high is in large part due to the neutral RRR. Change to a 1:2 or "react to what the market is offering" plan and the method fails.Ignored
DislikedSo your better off keeping it simple in short and just waiting for seeing, that works for you great, that will ofcourse work for others but I've seen others try it for ages and due to there entry method or lack thereof not work for them.
So what is working is your entry method, your R:R being 1:1 isn't that relevant, its just the easy part to discuss.
Do you feel like sharing your entry method ?? what SL and TP size you use ( might of missed it don't read all posts )
The Mutt will strangely grow on you, yes he's a pain in the arse reminds...Ignored
DislikedThanks Turveyd for that. Yes it seems I have been unknowingly feeding some trolls.
Yes the entry method is of course giving me good signals but I must stress that without a 1:1 RRR I don't think I could get it to work. It's the combination of the two that works so well. I did once try to explain my entire method, posting my calls before the fact and even offered to do a bit of live webinar trading to explain in realtime but there was a lack of interest. But this thread isn't for that, it was just to talk about the RRR and open some minds to...Ignored
DislikedI promised myself I wouldn't get dragged in but now its too late
[color=black][font=Verdana]1:1R is a perfectly legitimate way to trade. and I personally trade similar ratios the majority of the time. My edge is based around market microstructure inefficiencies and this is all my edge effectively gives me. I have tried in the past to use my edge to effectively enter the market 'risk free' however the results are mixed and physiologically tough to deal with. Of course once in a while you can mix this...Ignored
DislikedI promised myself I wouldn't get dragged in but now its too late
[color=black][font=Verdana]1:1R is a perfectly legitimate way to trade. and I personally trade similar ratios the majority of the time. My edge is based around market microstructure inefficiencies and this is all my edge effectively gives me. I have tried in the past to use my edge to effectively enter the market 'risk free' however the results are mixed and physiologically tough to deal with. Of course once in a while you can mix this...Ignored
DislikedAh yes I remeber well the hours of typing in games from the likes of Beebug.. and of course the hours of debugging your mistakes later... a mis-spent childhood? most likely...
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The problem with this discussion is that for some reason unbeknown to me people have decided to challenge the idea that trading a method that yields 60-70% hit rate at 1:1 risk reward ratio is an acceptable way to trade.Ignored
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My suspicion is that many are taking the "if I can't do it, it must be impossible" mindset and also that most of the bashers are not profitable themselves and stuck in an angry and bitter place.Ignored
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the point you are missing here is it doesn't matter who's account is at what level of percentage growth or yada yada yadaIgnored
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The Mutt will strangely grow on you, yes he's a pain in the arse reminds me of well me strangelyIgnored
DislikedOMG where's that rope......
Anyway I thought you were going down the gym today and taking your lady friend out for a meal at McD's to use your staff discount?
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DislikedMost people who are confident in their knowledge, experience, and their strategy would be perfectly happy to answer the critics and sceptics, it tests their resolve and may highlight some deficiencies in their strategy. The other side of the coin is it may strengthen their resolve and confirm their ideas are sound.
Unfortunately you don't seem to come in that category, you just pop up and make some wild unsubstantiated claim and expect everyone to pat you on the back and say well done. You're selective about answering some of the very valid questions...Ignored
DislikedIf you have a 70% win rate at 1:1R then you should have no problems risking 10%+ per trade. lower the win rate and increase the R:R with this sort of risk and the drawdown will be puke inducing.Ignored
DislikedI am never going to achieve the patience and discipline required to achieve this lofty goal because I cant be bothered with that much effort anymore. Ive done my time, the 10,000 hours and now I relax and enjoy trading, happy to exploit the above mentioned advantages of 1:1 rr to assist me.
Its easier. Anything that makes trading easier is is a good thing. We all have lives to live apart from the market
So why put all that pressure on to have a massive edge big enough to work a 1:2(or greater) RR?
Here is an example. With the benefit of hindsight,...Ignored
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Wow pipmutt, if you think someone recommending a 1:1 RRR and stating that it can directly affect the hit rate is a "wild, unsubstantiated claim" then you must lead a very dull life.Ignored
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my topic of discussion was specifically on the benefits of a 1:1 risk reward ratio.Ignored