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Attachments: Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Quoting king pippin
Hello every one, I'm no good at maths so can someone tell me what the stop loss & leverage would be for 400:1 and how did you work it out. Also at 300:1 would I be correct that you be working at $2.94 a pip... because I set up a account at 400:1 today and the most I can get on a $100.00 balance is $1.50... a pip. Many Thanks

same

many thanks
Don't give up
Quoting king pippin
Hello every one, I'm no good at maths so can someone tell me what the stop loss & leverage would be for 400:1 and how did you work it out. Also at 300:1 would I be correct that you be working at $2.94 a pip... because I set up a account at 400:1 today and the most I can get on a $100.00 balance is $1.50... a pip. Many Thanks
You are just lazy...

risk 12.5pips tp 25pips
Quoting Vitez
{quote} You are just lazy... risk 12.5pips tp 25pips
Not lazy that's why I all so asked how to work it out... but thanks for your respone
As promised, keeping you up to date...

1st trade hit SL Oops...

Just to clarify, that was on AU, I am going to try this across a few different pairs to see which, if any, pairs respond the best to this aggressive MM...
Quoting king pippin
{quote} Not lazy that's why I all so asked how to work it out... but thanks for your respone
Hi King pippin,

let's think very simple, same like what i do right now,

1. The Level 1 ----> SL 25 pip Risk and Profit TP 50 Pips, Lot size 0.1/1$,
It's mean the level 1 need 5 times of win of 10 pips tp with your risk 25 pips/trade, or 2 times win of 25pips with your risk 25pips too, so you can using the 1MTF,5Mtf or 15M tf..... just continue to the next level ...

Cheers
The SL does not have to be a fixed value! All that matters is your R:R ratio and your capital. If you have $50 and you decide to risk 50% as suggested then you risk $25. That does not mean your SL must be x pips. IT CAN BE ANY SIZE! That's where your method comes and your analysis remains the same as always. So if you get a signal and you decide (depending on how YOU always do it) your SL should be 100 pips, then it's simply $25/100pips = $0.25 per pip. Then you simply set your TP at 200 pips to achieve 1:2 R.
Quoting PiptheRipper
... then it's simply $25/100pips = $0.25 per pip.
With a slight difference according to the pair traded (different pip value). This will have to be taken in consideration when calculating the lot size.
MT4/MT5 EAs/Indicators/Alerts coder
Quoting PiptheRipper
The SL does not have to be a fixed value! All that matters is your R:R ratio and your capital. If you have $50 and you decide to risk 50% as suggested then you risk $25. That does not mean your SL must be x pips. IT CAN BE ANY SIZE! That's where your method comes and your analysis remains the same as always. So if you get a signal and you decide (depending on how YOU always do it) your SL should be 100 pips, then it's simply $25/100pips = $0.25 per pip. Then you simply set your TP at 200 pips to achieve 1:2 R.
All that matters for that strategy is a 2:1 ratio with 66% win rate.
2 steps forward, 1 step backward
COT: The precious data ignored
Heres an example of starting with $500. Using $50 each time to try and get to $50K. Reset bank to $50 when you are down to $12.50.

It shows that it needed 11 wins out of 39 trades to succeed. That's a 28% win ratio. So statistically yes you need a 66% win ratio, BUT you could do it with a system that has a good run of wins too.

-1 = Losing Trade
2 = Winning Trade

Inserted Code
Trade    Win/Lose     50.00 
1    -1     25.00 
2    -1     12.50 
3    -1     50.00 
4    -1     25.00 
5    -1     12.50 
6    -1     50.00 
7    -1     25.00 
8    -1     12.50 
9    -1     50.00 
10    -1     25.00 
11    -1     12.50 
12    -1     50.00 
13    -1     25.00 
14    -1     12.50 
15    -1     50.00 
16    -1     25.00 
17    -1     12.50 
18    -1     50.00 
19    -1     25.00 
20    -1     12.50 
21    -1     50.00 
22    -1     25.00 
23    -1     12.50 
24    -1     50.00 
25    -1     25.00 
26    -1     12.50 
27    -1     50.00 
28    2     100.00 
29    2     200.00 
30    2     400.00 
31    2     800.00 
32    2     1,600.00 
33    2     3,200.00 
34    -1     1,600.00 
35    2     3,200.00 
36    2     6,400.00 
37    2     12,800.00 
38    2     25,600.00 
39    2     51,200.00

I hope that makes sense
:nerd:
It can work in many ways.
Start with 50 $ (or even 1 $!)
Risk 50% everytime.
As Long as you have a positive R expectancy...it should get you there.
Eg.:
Some trades might loose 50%: worst case scenario.
Some may loose less, cause you might trail a stop.
Some may win 1R
Some may win 7R !!!

You open an excell file and add (or substract) profits for every run.
Next run you risk again 50% of what you have.
As Long as you have a positive expectancy, say minimum 0,1...it should get there!
Positive expecatncy means what your system should produce on average per dollar risked.
Risk 1 $, and on average you will make 0,10$
Good Traders have much better expectancies, like R1 and more...meaning they would make , (on average) 1 $, per Dollar risked.
Of course trading lots,limits you, if you start with as little as 50, if you get a long streak of loosers...only exception is trading with OANDA, free from lots...you can even start, literally with 1 $., cause you trade in units....get a streak of loosers, you can go down to risking literally 1 Cent....and it will accept your order.
You can start with 1 $ and keep on risking 1 $ till it takes off...if you loose 10 times in a row...it´s only 10$.
Risking 1 $ would mean you started with 2. ie. you risk 50%.
20 R2 winners in a row makes something like a Million in 21 trades at R2...meaning you double each time...(starting with 2 bucks!)
But that´s the thing, R2 on average is an extremely good performance.

My 2 Cents...correct me if I´m wrong.
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting Rag2RichesFX
{quote} this is the mindset needed that not many have we create our own reality we are the imagination of ourselves and the world around us (the human brain is so easily tricked and manipulated to see illusions)
I can start a whole new thread about this topic....This phrase about the mindset that is needed to achieve an astounding performance.....

To slice to the core variables and reasons as to why we will have both bashers and backers of this type of MM method/technique, and with

the black ladder leading the way.... It's the true reason why forex is such the mystery/enigma/riddle, that it is.....because it has a lot of

similarities to life and how to succeed in asking us humans to keep our emotions at the door and in check mechanically like a robot despite

dealing with the ever so " mighty dollar" as some would call it... So to attempt to think, feel and act like a million bucks even before obtaining

and possessing it is like asking for the impossible and improbable but that's where a whole lot fail to realize is that in able to activate the

prefrontal cortex which guides the tools to assist you towards you is first, one must visualize and then plan to attempt and then have a

thorough and battle tested strategy to act out in order to increase one's odds and chances in capturing the level/goal set out forth....It's

one thing to achieve success but to maintain it and then expand upon it is where all the well thought out and prepared masterminds will

flourish at, they get to a point that it becomes strictly all about maintenance....and then they move on to something else and start all over

again with, something new or correlated with the previous successful venture...having 15 different assets performing all at one time within

the portfolio but of course with each individual asset producing it's own percentage every month,week,etc....One way you could of kept the

main naysayers out is put a disclaimer on the front page saying if you don't see yourself obtaining one million dollars in your lifetime then

kindly please do not post in this thread because the ideas being produced are going to be a bit too much flamboyant and robust for your taste....

so basically if you don't see yourself as a millionaire keep it moving and go kick meagerly accommodated rocks elsewhere...woo..hoo...
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
Can anyone share good trading system with R:R on 1:2 with 66.66% winners and no martingale in it?

I just could not do it. Last time I do over leverage trading, I get 360% over 2 weeks with 1K deposit, then the next day it become 0.5 K.

The emotion is ruin everything even if you a good trader. So IMHO the way we could do it is with the help of robot.
Quoting koi99
Can anyone share good trading system with R:R on 1:2 with 66.66% winners
This isn't the subject of this thread. We are here supposed to use this MM with our own system/method.

Quoting koi99
The emotion is ruin everything even if you a good trader.
So you're not a good trader !

Before using such MM discussed here, you should already trade consistently. This is not a "newbies" way of trading.
MT4/MT5 EAs/Indicators/Alerts coder
  • Post #814
  • Quote
  • Edited 12:18am Oct 22, 2013 12:03am | Edited 12:18am
Quoting koi99
Can anyone share good trading system with R:R on 1:2 with 66.66% winners and no martingale in it? I just could not do it. Last time I do over leverage trading, I get 360% over 2 weeks with 1K deposit, then the next day it become 0.5 K. The emotion is ruin everything even if you a good trader. So IMHO the way we could do it is with the help of robot.

hi koi99,

As for a trading system, you really have to develop your own method. There is no 'silver bullet' and no one can successfully trade someone else's system. Start with the basics: Support/Resistance. Draw those horizontal lines and a few basic trendlines across the weekly/daily charts. Now go to H4 and H1 and observe PA. Read about it - always with S/R as your primary reference. Add a 5 period slow Stochastic and 14 period RSI. Learn about them and see how they act on your chosen instrument chart. When PA reaches S/R and RSI & Stochastic give the signal, trade. If not, then watch and learn.

As Ferru points out (in his disapproving manner) this thread is about a MM system. Once you can consistently win more trades than you lose and when you can cut a loss without flinching to preserve capital and limit drawdown then come back to this MM.

About the emotion: it is natural to feel greed and fear, but your objective is to execute your method mechanically and so negate the urge to act on emotion. Once you have developed a successful method you will not see the need for a robot (that is another challenge which is programming for all market conditions).

You can do it. Keep it Simple. Keep it tight! Don't trade like a hooligan.

trade like the buddha

Good Luck
cryptocurrency everytime
Quoting venzen
{quote} hi koi99, As for a trading system, you really have to develop your own method. There is no 'silver bullet' and no one can successfully trade someone else's system. Start with the basics: Support/Resistance. Draw those horizontal lines and a few basic trendlines across the weekly/daily charts. Now go to H4 and H1 and observe PA. Read about it - always with S/R as your primary reference. Add a 5 period slow Stochastic and 14 period RSI. Learn about them and see how they act on your chosen instrument chart. When PA reaches S/R and RSI & Stochastic...
Great post. That was my point but you wrote it with little more diplomacy
MT4/MT5 EAs/Indicators/Alerts coder
Quoting FerruFx
{quote} Great post. That was my point but you wrote it with little more diplomacy

no problem, Ferru. You're blunt, i'm diplomatic - both styles are needed around here.
cryptocurrency everytime
Great thread, thank you for sharing and thanks to all contributors

Just curious if anyone did reach some consinstent goal applying this mm method

Not publishing private data at all, of course

Only to know if it did work for someone in the past or if it is working for someone at the present

Thank you in advance for your reply, would be very appreciate
Don't give up
Quoting Davit
This is why I like Rag2's idea of limited trades Quality vs quantity.
Please, what do you mean about it?

Thx
Don't give up
Quoting geomink
{quote} Please, what do you mean about it? Thx
Quantity : trade all your signals regardless if they have high probability of success
vs
Quality : trade only high probability trades.

The MM discussed here is only for Quality trades ... unless you don't care about success!
MT4/MT5 EAs/Indicators/Alerts coder
So, a quick recap of where I stand after starting this MM style on 21/10/13

Trades on AU block
1) T1=SL

Trades on EU block
1) T1=SL

Trades on GU block
1)T1=Still open

Trades on UJ block
1) T1=TP,T2=

Trades on UCHF block
1)T1=TP,T2=

Edited 22/10/2013 14:33
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