BTW, Steve, what are those? strange looking candles.
chart is too clear for me
- #36,403
- Mar 1, 2013 10:17am Mar 1, 2013 10:17am
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
Ah, Steve, you won't believe. I practically made it this time and shitted myself all over again. Started after I made $1500 trading day. after that everything less than that started looking like nothing and I stopped taking profits. I am setting both profit daily goals now and also maximum daily loss. will be -$400-500, but still thinking of what daily goal to set for profit. My trading time is limited. From Frankfurt open till 7:00 a.m. EST. 5 hours.
nice to hear that
I am also working on new intraday system. with less screen time.
- #36,404
- Mar 1, 2013 10:19am Mar 1, 2013 10:19am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
- #36,405
- Mar 1, 2013 10:21am Mar 1, 2013 10:21am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
no nothing to put me under pressure.
when it goes ( when I have time these days ) I keep trading
the results are fine. profit > Loss+Costs
but shouls improve
need a bit more time
when it goes ( when I have time these days ) I keep trading
the results are fine. profit > Loss+Costs
but shouls improve
need a bit more time
Steve bravo. You nailed itI also noticed price breaking trend line and testing it from another side. made mental buy at 1.2988. it was too much for Friday to break taht support. btw, do you have any daily goals? in pips?
- #36,407
- Mar 1, 2013 10:26am Mar 1, 2013 10:26am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
I have limited screen time these weeks
actually started with 2013
13 damn year. have some personal issues to fix.
bro I dont advise any daily goal. this will put you under pressure.
think that way. when MKT fits your trading algo you can make good profit
when not its loss.
the issue is if trader is able to stop trading when in loss then trader is a trader
actually started with 2013
13 damn year. have some personal issues to fix.
bro I dont advise any daily goal. this will put you under pressure.
think that way. when MKT fits your trading algo you can make good profit
when not its loss.
the issue is if trader is able to stop trading when in loss then trader is a trader
Ah, Steve, you won't believe. I practically made it this time and shitted myself all over again. Started after I made $1500 trading day. after that everything less than that started looking like nothing and I stopped taking profits. I am setting both profit daily goals now and also maximum daily loss. will be -$400-500, but still thinking of what daily goal to set for profit. My trading time is limited. From Frankfurt open till 7:00 a.m. EST. 5 hours.
- #36,409
- Mar 1, 2013 10:54am Mar 1, 2013 10:54am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
- #36,411
- Mar 2, 2013 3:08pm Mar 2, 2013 3:08pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
check now
http://www.forexfactory.com/lonewolf#65
remember that calculation of him
*********************************************************************************
week 1: $280(initial capital)+$2(per pip using leverage 1:100)x4 pips per hour(taken 1 pip every 15 mins)x10 hrs per dayx5 days a week=$680
week 2: $680 + $4.8(per pip) x 4 pips per hour x 10 hrs per day x 5 days a week= $1640
week 3: $1640 + $11.7(per pip)x4 pips per hour x 10hrs per day x 5 days a week= $3980
week 4: $3980 + $28.4(per pip)x4 pips per hour x10 hrs per day x5 days a week= $9660
week 5: $9660 + $69(per pip)x4...
- #36,413
- Mar 3, 2013 8:14am Mar 3, 2013 8:14am
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Amazing how trading replicates life.
Again we are in a business of risk. Therefore I follow a walk to wealth rather than a race to riches (ruin)...
Trade smaller than rational because the market is irrational...
- #36,415
- Mar 3, 2013 10:45am Mar 3, 2013 10:45am
- Joined Oct 2012 | Status: private | 2,606 Posts
back to evaluate system.
i tried someting like that last week with start 27.02
also with a small amount of money
good results 44% in 3 days BUT
i could not trade like this with bigger lot size, with small lot size itīs much less psycological pressure...
results are visible in my explorer.
just do it
- #36,416
- Mar 3, 2013 11:22am Mar 3, 2013 11:22am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
most of the traders can able to do that.
once I had >%100 in 3 days
then lost all in 2-3 hours the next day
sometimes MKT fits with trader behaviour this rockets the curve.
then REVENGE time comes.
MKT takes back what gives
this is equlibrum. if you trade with rules & patience you are BE
if you can add some talents then you are in profit
rather then that LOSS
once I had >%100 in 3 days
then lost all in 2-3 hours the next day
sometimes MKT fits with trader behaviour this rockets the curve.
then REVENGE time comes.
MKT takes back what gives
this is equlibrum. if you trade with rules & patience you are BE
if you can add some talents then you are in profit
rather then that LOSS
In his case i would have stopped immediately if initial capital amount has reached and
back to evaluate system.
i tried someting like that last week with start 27.02
also with a small amount of money
good results 44% in 3 days BUT
i could not trade like this with bigger lot size, with small lot size itīs much less psycological pressure...
results are visible in my explorer.
- #36,417
- Mar 3, 2013 11:29am Mar 3, 2013 11:29am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
imagine a system that works like;
total win == total loss + costs
this is called BE
if you can make it 0.1 pip ( 1 point ) profitable for lets say %50 of trades
then you can make millions
yes millions
there are many coded robots loosing when trading.
why not trading reverse & make profit!!??
the answer is easy
costs
total win == total loss + costs
this is called BE
if you can make it 0.1 pip ( 1 point ) profitable for lets say %50 of trades
then you can make millions
yes millions
there are many coded robots loosing when trading.
why not trading reverse & make profit!!??
the answer is easy
costs
- #36,418
- Mar 3, 2013 11:34am Mar 3, 2013 11:34am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
for most of the traders costs are not important.
then ignore how costs are important.
means
spread + slippage + comission
right now I can code a EA that works BE with 0 cost.
& this can turn into a profitable system with some atttention.
but when costs came into play things change dramaticly.
what makes tihs MKT nonprofitable ( for most ) is cost.
& they have no clue.
most of you have live accounts. have look how much you have payed to your broker.
calcuation is easy.
# trades x 2 pips
calculate & see
most of the time its bigger then your profit/loss
then ignore how costs are important.
means
spread + slippage + comission
right now I can code a EA that works BE with 0 cost.
& this can turn into a profitable system with some atttention.
but when costs came into play things change dramaticly.
what makes tihs MKT nonprofitable ( for most ) is cost.
& they have no clue.
most of you have live accounts. have look how much you have payed to your broker.
calcuation is easy.
# trades x 2 pips
calculate & see
most of the time its bigger then your profit/loss
imagine a system that works like;
total win == total loss + costs
this is called BE
if you can make it 0.1 pip ( 1 point ) profitable for lets say %50 of trades
then you can make millions
yes millions
there are many coded robots loosing when trading.
why not trading reverse & make profit!!??
the answer is easy
costs
- #36,419
- Mar 3, 2013 11:44am Mar 3, 2013 11:44am
- Joined Oct 2012 | Status: private | 2,606 Posts
true,
brokers donīt like margin calls, brokers like BE trades, they have their profit everytime
brokers donīt like margin calls, brokers like BE trades, they have their profit everytime
just do it