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Trading Made Simple

  • #16,901
  • Apr 3, 2013 5:37am Apr 3, 2013 5:37am
I did 200 pips just yesterday and still took the Mrs out for lunch and went to work to do a night shift!!

Follow the rules with patience, discipline and a good money management plan and anything is possible.
  • #16,902
  • Apr 3, 2013 5:38am Apr 3, 2013 5:38am
Quoting Jackub
Maybe I am to serius, but how you can with 200pips a week and 10.000USD equity make one milion within one year??? How much you are going to risk??
In theory, if you compound winnings, risk 5%, have a 100% win rate with an average RR2.5, you would make a million within 61 trades.

Einstein (I think) was asked what his greatest discovery was - his answer - 'compounded interest'. Wealth is created through compounding.
  • #16,903
  • Apr 3, 2013 5:43am Apr 3, 2013 5:43am




  • #16,904
  • Apr 3, 2013 5:44am Apr 3, 2013 5:44am
Quoting hollowhead
In theory, if you compound winnings, risk 5%, have a 100% win rate with an average RR2.5, you would make a million within 61 trades. Einstein (I think) was asked what his greatest discovery was - his answer - 'compounded interest'. Wealth is created through compounding.
So, going this way, our friend with 1000 USD equity can live from forex, bcoze by end on the year he grab 100.000 USD
JacekPreserve Precious Capital
  • #16,905
  • Apr 3, 2013 5:44am Apr 3, 2013 5:44am
Quoting hollowhead
In theory, if you compound winnings, risk 5%, have a 100% win rate with an average RR2.5, you would make a million within 61 trades. Einstein (I think) was asked what his greatest discovery was - his answer - 'compounded interest'. Wealth is created through compounding.
hollowhead, no offense, but you do know that even not every newbie tries to compound this way and only some very special kind of newbies (like our mutual friend Empowers, for example) do this kind of calculations, don't you?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,906
  • Apr 3, 2013 5:47am Apr 3, 2013 5:47am
What are you people up to? Here to make Cash or talk trash?

I've closed my EURAUD long seeing as H1 closed badly while I was having lunch... -12 pips
@pawpaw1000 on Twitter
  • #16,907
  • Apr 3, 2013 5:52am Apr 3, 2013 5:52am
Quoting Favorite
hollowhead, no offense, but you do know that even not every newbie tries to compound this way and only some very special kind of newbies (like our mutual friend Empowers, for example) do this kind of calculations, don't you?
I do = hence the 'in theory'. In theory it's a fact, but in practice, very few have ever done, and those who have tend to blow it later on.

The way I see it, slow compounding until you have an account that allows you to be able to live off 20, 200, 500 pips a week is how us newbies have to get there.
  • #16,908
  • Apr 3, 2013 6:11am Apr 3, 2013 6:11am
I got 200~ pip last week, before losing it due to overtrade. still trying to determine which level I'm going to be comfortable...
so yeah, it is certainly possible.
It is quite Zen, when you think about it.
  • #16,909
  • Apr 3, 2013 6:11am Apr 3, 2013 6:11am
Quoting Favorite
pawpaw1000, you're a nice guy and what is even more important - you're French, so you wouldn't understand this - talking trash is very important for English-speaking traders, and for some of them (but not for me) it is their main goal here! See what I mean?
I'm not French, I'm South African and just living in France as my work allows me too. I've lived in Germany too and so can tell you a bit about etiquette...

Stop it and let's trade
@pawpaw1000 on Twitter
  • #16,910
  • Apr 3, 2013 6:16am Apr 3, 2013 6:16am
Quoting pawpaw1000
I'm not French, I'm South African and just living in France as my work allows me too. I've lived in Germany too and so can tell you a bit about etiquette...
That's nice to know!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,911
  • Apr 3, 2013 6:21am Apr 3, 2013 6:21am
hello to you all, thank you for a great thread, i have set my trades up but need help on synergy apb.

i have channel i have tdi so no problem

i have heikin ashi candles, i cannot load the synergy provided previously in this thread and others,

can some one be kind enough to help please> thanks you
  • #16,912
  • Apr 3, 2013 6:24am Apr 3, 2013 6:24am
Quoting WeepingMan
I got 200~ pip last week, before losing it due to overtrade. still trying to determine which level I'm going to be comfortable... so yeah, it is certainly possible.
Making 200 pips per week is no big deal, it is a very reasonable goal.

As to your losing your profits last week due to overtrading - I think it is a good idea to have two goals per day, something like the minimum goal and the maximum goal, and stop trading after the maximum goal has been achieved, even if you think that the situation is good. In our case if you want to make 200 pips per week the minimum goal would be 40 pips per day and the maximum - something like 80 pips. But of course people are different, what works for one doesn't work for another, so what I said is just IMHO.

And by the way: what Empowers quoted BidE saying about 200-500 pips per week is true, but it was at the very beginning of the thread, when BigE was just establishing his MM and his goals. Later BigE said several times that his weekly goal was 250 pips.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,913
  • Apr 3, 2013 6:30am Apr 3, 2013 6:30am
Quoting Favorite
Making 200 pips per week is no big deal, it is a very reasonable goal. As to your losing your profits last week due to overtrading - I think it is a good idea to have two goals per day, something like the minimum goal and the maximum goal, and stop trading after the maximum goal has been achieved, even if you think that the situation is good. In our case if you want to make 200 pips per week the minimum goal would be 40 pips per day and the maximum - something like 80 pips. But of course people are different, what works for one doesn't work for...
still not used with this... what's the name? Mechanical... umm... ah, I forget. so after I got my target, I thought 'why not trade more and try to get used to it?' as it turns out, doing it lies waaay outside my risk tolerance, so I ended-up overtrade.

...like right now. should've waiting couple more hours before jumping-in, and after jumping in, shouldn't close-and-open position like crazy. trust the indicator more, basically. surprisingly difficult, but then ironing out those difficulty is the reason why I demo-trade.
It is quite Zen, when you think about it.
  • #16,914
  • Apr 3, 2013 6:34am Apr 3, 2013 6:34am
Quoting WeepingMan
ironing out those difficulty is the reason why I demo-trade.
And it is a very smart thing to do!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,915
  • Apr 3, 2013 6:39am Apr 3, 2013 6:39am
Quoting sio bel
i cannot load the synergy provided previously in this thread and others, can some one be kind enough to help please> thanks you
What do you mean you cannot load?

Just put the template into the templates' folder, put all the indicators into the indicators' folder, and if you don't see them - add them manually to the template.

OK, try my template and indicators. If you do everything right, it must look like this:
Attached Image
Attached File(s)
File Type: ex4 Stochastic Slope.ex4   4 KB | 481 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 534 downloads
File Type: mq4 TDI Red Green.mq4   9 KB | 480 downloads
File Type: tpl TDI.tpl   3 KB | 519 downloads
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,916
  • Apr 3, 2013 7:01am Apr 3, 2013 7:01am
Hello Emmanuel;
Could you give me your opinion on HA Eur / Usd now
end of the first blue candle H4
3rd blue candle daily
H1 can be rebound at 50rsi

problem is the time I do not take signals just before New york session
Attached Image (click to enlarge)
Click to Enlarge Name: emmanuel.JPG Size: 127 KB
  • #16,917
  • Apr 3, 2013 7:45am Apr 3, 2013 7:45am
Change the approach, maybe? Like, check the chart every 7 hours, instead of 2 hours? so the position can grow, and I don't get tempted in open-close hopping?
Hmm...
It is quite Zen, when you think about it.
  • #16,918
  • Apr 3, 2013 7:50am Apr 3, 2013 7:50am
Hello Favorite,

How do you attach Synergy_APB to a chart, and make it appear on a separate window?

When drag the indicator, it automatically attaches to the same window, overlapping with the Japanese bars.

Thanks.

Quoting Favorite
What do you mean you cannot load? Just put the template into the templates' folder, put all the indicators into the indicators' folder, and if you don't see them - add them manually to the template. OK, try my template and indicators. If you do everything right, it must look like this: {file} {file} {file} {file} {image}
  • #16,919
  • Apr 3, 2013 8:01am Apr 3, 2013 8:01am
Quoting fxtrade13
Hello Favorite, How do you attach Synergy_APB to a chart, and make it appear on a separate window? When drag the indicator, it automatically attaches to the same window, overlapping with the Japanese bars. Thanks.
Hi fxtrade13!

You're right, you can't do it manually, I did it in the template's code itself:

<window>
height=42
<indicator>
name=Custom Indicator
<expert>
name=Synergy_APB
flags=339
window_num=0
<inputs>
Custom_Indicator=Synergy Average Price Bars
Copyright= 2009, CompassFX
Web_Address=www.compassfx.com
</inputs>
</expert>
shift_0=0
draw_0=2
color_0=255
style_0=0
weight_0=1
shift_1=0
draw_1=2
color_1=16748574
style_1=0
weight_1=1
shift_2=0
draw_2=2
color_2=255
style_2=0
weight_2=3
shift_3=0
draw_3=2
color_3=16748574
style_3=0
weight_3=3
period_flags=0
show_data=1
</indicator>
</window>

I believe this way you can put any indicator in the separate window. The settings are not important, you can change them later, only the beginning and the end of the code are important, I made it bold.

For example, if you want to put HA in the separate window, the code would be:

<window>
height=42
<indicator>
name=Custom Indicator
<expert>
name=Heiken Ashi
flags=339
window_num=0
<inputs>
color1=255
color2=16777215
color3=255
color4=16777215
</inputs>
</expert>
shift_0=0
draw_0=2
color_0=255
style_0=0
weight_0=1
shift_1=0
draw_1=2
color_1=16777215
style_1=0
weight_1=1
shift_2=0
draw_2=2
color_2=255
style_2=0
weight_2=3
shift_3=0
draw_3=2
color_3=16777215
style_3=0
weight_3=3
period_flags=16
show_data=1
</indicator>
</window>
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,920
  • Apr 3, 2013 8:06am Apr 3, 2013 8:06am
Quoting Favorite
Hi fxtrade13! You're right, you can't do it manually, I did it in the template's code itself: <window> height=42 <indicator> name=Custom Indicator <expert> name=Synergy_APB flags=339 window_num=0 <inputs> Custom_Indicator=Synergy Average Price Bars Copyright= 2009, CompassFX Web_Address=www.compassfx.com </inputs> </expert> shift_0=0 draw_0=2 color_0=255 style_0=0 weight_0=1 shift_1=0 draw_1=2 color_1=16748574 style_1=0 weight_1=1 shift_2=0 draw_2=2 color_2=255 style_2=0 weight_2=3 shift_3=0 draw_3=2 color_3=16748574 style_3=0 weight_3=3 period_flags=0...
Thanks Favorite,

I thought it was something in the mt4 platform. I've also done it just by changing a line in the indicator's code itself.

From: #property indicator_chart_window

To: #property indicator_separate_window
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