Disliked{quote} WDays, I use the Percent Risk Model and R-Multiple Money Management with Position Sizing. Keep track of trade results in terms of the risk R and not in terms of pips. If I risk 1% per trade and with a win rate of 55% and Expectancy of 2.3, you can work out the number of trades to reach positive 10%.Ignored
- Post #27,981
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- Dec 3, 2013 2:39am Dec 3, 2013 2:39am
- Joined Oct 2012 | Status: Member | 1,813 Posts
- Post #27,982
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- Edited 6:58am Dec 3, 2013 3:31am | Edited 6:58am
fxFox (all times in my charts are GMT+1)
- Post #27,983
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- Dec 3, 2013 7:20am Dec 3, 2013 7:20am
Give yourself a chance and trade it like it's layed out...
- Post #27,986
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- Edited Dec 4, 2013 2:26am Dec 3, 2013 11:19am | Edited Dec 4, 2013 2:26am
fxFox (all times in my charts are GMT+1)
- Post #27,988
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- Dec 3, 2013 3:57pm Dec 3, 2013 3:57pm
- Joined Jan 2013 | Status: Member | 1,657 Posts
- Post #27,989
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- Dec 3, 2013 9:54pm Dec 3, 2013 9:54pm
- Joined Nov 2012 | Status: Member | 2,337 Posts
I Have Learned to Take Some Losses to Make Profits
- Post #27,990
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- Dec 3, 2013 10:29pm Dec 3, 2013 10:29pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 5,252 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- Post #27,992
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- Dec 4, 2013 3:03am Dec 4, 2013 3:03am
- | Joined Dec 2009 | Status: "flow of the market" | 469 Posts
- Post #27,996
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- Dec 4, 2013 8:02am Dec 4, 2013 8:02am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- Post #27,997
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- Dec 4, 2013 8:12am Dec 4, 2013 8:12am
If ask a silly question.. forgive me!i'm just confused again!
- Post #27,999
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- Dec 4, 2013 8:28am Dec 4, 2013 8:28am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- Post #28,000
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- Dec 4, 2013 8:37am Dec 4, 2013 8:37am
- | Joined Oct 2013 | Status: Member | 181 Posts