How to make lots of money using micro lots | Forex Factory

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How to make lots of money using micro lots

  • #1
  • First Post: Edited May 30, 2011 12:02pm May 26, 2011 11:58am | Edited May 30, 2011 12:02pm
1. Money Managment
2. adding to your position 0.5 every 10 pips
3. deducting from your position 0.5 lots every 10 pips when the market against you
4. 50 sma for bias and for close position
5. Daily chart

The only you need is consistency

results of one year you can find at the ling below

EA wil be released soon for free

http://imtp.me/1mj601ew0
  • #2
  • May 26, 2011 12:37pm May 26, 2011 12:37pm
Sounds nice in theory... and not really a bad idea. If i'm not mistaken, your balance was below 0 for quite some time though.
  • #3
  • May 26, 2011 12:39pm May 26, 2011 12:39pm
Quoting tranco
1. Money Managment
2. adding to your position 0.5 every 10 pips
3. deducting from your position 0.5 lots every 10 pips when the market against you
4. 50 sma for bias and for close position
5. Daily chart

The only you need is consistency

results of one year you can find at the ling below

http://imtp.me/1mj601ew0
are trading costs factored into your simulation? Cause I can imagine that you will have seriously high trading costs if you enter and exit every 10 pips.
  • #4
  • May 26, 2011 2:22pm May 26, 2011 2:22pm
Special account 1,4 pip eurusd
normal account 70000€ all period plus 5.000 slipage
thats fine great volume
you benefit falso from carry trades
over weekends we calculate 3000-4000$ yearly
Hedging can give better results for the swaps we dint calculated yet
  • #5
  • May 26, 2011 2:40pm May 26, 2011 2:40pm
My ballance never fell bellow 7000 from 25000 but because the end ammount is huge you cant see it in graph 25000 to 490000 thats huge diferents
The mistake we had done was that we start in consolidation and took us
longer to establish solid initial capital
As you can see from graph it makes a base and dont fell bellow that base because of a good MM

The most important is concistency and discipline
  • #6
  • May 26, 2011 3:22pm May 26, 2011 3:22pm
Interesting that you should bring this up as I have been working with Raygun's grid EA to sort of accomplish this with using SMA for entries and exits.

I started with 10k, using .1 lots, in less then one year, the EA made it to $130k.

http://www.forexfactory.com/showthre...46#post4644246

I am a firm believer in using the power of high RR%.
  • #7
  • May 26, 2011 3:33pm May 26, 2011 3:33pm
we get 4 progrmmers working for us we have 100's of thousands of days
and millions of hours of optimisation we can analyse all kind of systems
we trade michanichal by using formula's of a mathematisian that work for us
We had back test all idicators and all of them fail the only idicators that past all test is Moving Avarages and after Bolinger Bands and envelopes.
The point is not the entry but the exit so our expiriments show as that
concistency and adding in winning positions and deducting in loosing is
the key for succes in all markets
  • #8
  • May 26, 2011 3:40pm May 26, 2011 3:40pm
Quoting tranco
The point is not the entry but the exit so our expiriments show as that consistency and adding in winning positions and deducting in loosing is the key for succes in all markets
I completely agree.

But I have found that strict 10 SL is unduly harsh given the probability of retracement. But then again, I don't have a team to help me fully optimize my ideas.
  • #9
  • May 27, 2011 1:39am May 27, 2011 1:39am
back test your self
  • #10
  • Jun 15, 2011 3:00am Jun 15, 2011 3:00am
Quoting tranco
The point is not the entry
i dont think so, a proper entry is 99.9% of a viable trading system.

anybody can close a trade that is in profit.

but, if you enter at the wrong price, or in the wrong direction, the trade will not ever make it to see a profit, or, at a minimum, it will endure way too much drawdown before it ever makes it into a profitable position, assuming that it ever does so..

the entry is the meat and potatoes of trading, not the exit.

period.

zero/.

Inserted Video
  • #11
  • Jun 15, 2011 4:11am Jun 15, 2011 4:11am
Quoting zzzero
i dont think so, a proper entry is 99.9% of a viable trading system.

anybody can close a trade that is in profit.

but, if you enter at the wrong price, or in the wrong direction, the trade will not ever make it to see a profit, or, at a minimum, it will endure way too much drawdown before it ever makes it into a profitable position, assuming that it ever does so..

the entry is the meat and potatoes of trading, not the exit.

period.

zero/.
Could not disagree more with the above comment. When you enter a trade the only thing you can control is what happens after the entry.

There are supposingly many profitable traders in the world and I can guarantee they don't all use the same entry point on every trade taken. Everyone has a different entry point and exit point, therefore, the entry is not the most important thing. Trying to get the entry with probabilities in your favour are good, but understand the only thing you can control once you enter a trade is the risk and how to manage the risk.

You can never now a single entry point is going to be profitable or not. What you do know hopefully is how you will control the trade (risk) once entered.

Anyway that is my opinion.

Cheers
  • #12
  • Jun 15, 2011 4:43am Jun 15, 2011 4:43am
Quoting ciscosmithy
You can never know a single entry point is going to be profitable or not.
i can see right now that we are not even on the same page.

good luck.

z/.
  • #13
  • Jun 15, 2011 4:47am Jun 15, 2011 4:47am
Quoting zzzero
i can see right now that we are not even on the same page.

good luck.

z/.
Agree, and yes I did realise I made a spelling mistake had logged out though and had to put kids to bed. Know is know..I know

Good luck to you.
  • #14
  • Jun 16, 2011 5:39am Jun 16, 2011 5:39am
From my testing, entry is important provided it has an edge.

The cliche of exit being more important than the entry depends on what kind of system you are trading.

If you are trading based on profiting from a certain market character for example the market character of "trending" then by way of trading in a way by cutting losers and letting winners run, even with a random entry, you can be profitable (with a certain level of confidence by doing a monte carlo simulation of 10,000 runs) when that character manifest itself due to the nature of fat tails by that way of trading.

However if you can identify a non-random repetitive tendency, then the entry becomes very important. You can prove that by separating the long and short trades of your system by a certain time period eg. over 1 year
and then pull out the same number of random entry trades for each long/short with equal durations to your system. Do this for thousands of run. Then rank the total profits of your system for that year against the probability distribution of random trades for the same year. Does it beat 70,80,90% of the random trades?
  • #15
  • May 20, 2012 6:37pm May 20, 2012 6:37pm
ladies and gents if you like the automation just voucher for me
  • #16
  • May 26, 2013 4:00am May 26, 2013 4:00am
Do you think adding to a position every 20-30 pips is better? I still think 10 pips is too little? Not sure
  • #17
  • Last Post: Sep 25, 2013 11:17am Sep 25, 2013 11:17am
Quoting tranco
1. Money Managment 2. adding to your position 0.5 every 10 pips 3. deducting from your position 0.5 lots every 10 pips when the market against you 4. 50 sma for bias and for close position 5. Daily chart The only you need is consistency results of one year you can find at the ling below EA wil be released soon for free http://imtp.me/1mj601ew0
These are the basics for trading so every trader should follow it to achieve their goals of earning good profit. Money management is very every trader it save our capital from huge losses.
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