To improve is to change. To perfect, is to change often.
Extracted Thread (per thread starter's request)
- #6,924
- May 16, 2013 11:22am May 16, 2013 11:22am
- | Commercial User | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
- #6,935
- May 17, 2013 4:30am May 17, 2013 4:30am
Argon if I may, I think ( if I understood it right 
) :
FH showed you how to find trading opportunities. The hard part in most strategies is dealing with ranging/consolidating markets, with SSBO we LOVE them. They are easy to spot, but difficult for a trend trader to forecast !
If you know when to open a trade, the only thing you need to do is manage it.
You can do this with martingale, without martingale, using 1 single position, using mutiple positions and take profit along the way. what ever you do you need to find a Money Management that suits you
For example for the moment I use 1 single position with 2 recovery trades ( so max 3 trades per box, after that R:R is not good enough ) and Martingale.
Most of the time I will win, but like you said there is always a moment that 2 recovery trades is not enough and than I'll lose. But that doesn't matter because I earned enough with the winners to still be in profit. I understand it can hurt when you lose a bigger portion at once, but you have to look at the whole picture, the longer term. Did I progress or not ?
Hope this helps
Happy trading
) :FH showed you how to find trading opportunities. The hard part in most strategies is dealing with ranging/consolidating markets, with SSBO we LOVE them. They are easy to spot, but difficult for a trend trader to forecast !
If you know when to open a trade, the only thing you need to do is manage it.
You can do this with martingale, without martingale, using 1 single position, using mutiple positions and take profit along the way. what ever you do you need to find a Money Management that suits you
For example for the moment I use 1 single position with 2 recovery trades ( so max 3 trades per box, after that R:R is not good enough ) and Martingale.
Most of the time I will win, but like you said there is always a moment that 2 recovery trades is not enough and than I'll lose. But that doesn't matter because I earned enough with the winners to still be in profit. I understand it can hurt when you lose a bigger portion at once, but you have to look at the whole picture, the longer term. Did I progress or not ?
Hope this helps
Happy trading
Don’t ever let someone tell you that you can’t do something.
Argon if I may, I think ( if I understood it right
hi Armacom
what I have said I was thinking that way precisely ,(I am doing that way) you must find setups which have first two trades >80-90 %(good MM_RR) and then trade,if it good OK if it has failed, go further, dont burn your self with martingale and dont trade at any cost, dont chase the market !!! set up a good "trap" and wait for the "fox"
dont burn your account in one trade OK ?
but you can do as you will !!!
kind regards
argon
ps/ thanks again to FH and all members of the team and good bless them again, and let them all be a millionaires !
- #6,939
- May 17, 2013 4:58am May 17, 2013 4:58am
The trick is finding something that suits you
Do the 100 days forward test, with the smallest live lots and you will see everything much clearer
Happy trading to all and let's not fight please !
Do the 100 days forward test, with the smallest live lots and you will see everything much clearer
Happy trading to all and let's not fight please !
Don’t ever let someone tell you that you can’t do something.
- #6,940
- Edited 6:44am May 17, 2013 5:08am | Edited 6:44am
The trick is finding something that suits you
I don't argue with kind people, and thanks for advice
and what I can even accept is maximum of 3 level trade,( the 3th level must be above 90_100 % too but I am trying to trade only first trade, so 1 trade setup on few instruments, they cant fail all the same day, if all setups are above 80-90%) all after that I see as a pure gambling and hope that market will move where you want, but in reality doesn't work that way, market is very controlled place my friend and price is driven intentionally 95% of the times ! so set up the "trap and wait for the fox" !
I have special software which I could do real back tests in months and years back and when the setup is good in so long time, go for it !
and I am doing forward test as well ! and I find cent accounts worthless, coz you will use to trade and think small and then when real trade comes with hundreds and thousands of dollars you will get an infarct, but if you can imagine that figures on you screen are real money (even when is "real account" the figures are the same, just in your head is not the same,)' and that is the problem , one must see forex as strategic game to make money of it! thats my point!
and right, find strategy which suits you personality (of endless possibilities this system and indi are giving) and trade, execute trade with no emotions, just as an EA !
happy trading to you as well and many green pips - $$$$
kind regards
argon