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How to get 1-5 pips with 100% win ratio?

  • #81
  • Dec 3, 2013 8:34am Dec 3, 2013 8:34am
Quote
win rate: 86.7% account age: 46 hours account type: demo. last losing trade was the -30$ usdchf short because of my emotion i sl immediately when i know it will still go down as what indicator tells me.
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Hi PiPot, tell us your rules
  • #82
  • Feb 1, 2014 11:51am Feb 1, 2014 11:51am
Quoting Kelvinfx
{quote} Hi PiPot, tell us your rules
Hi Kelvin how long you been doing the scalping? and have you tried live accounts hahaha...There is emotional danger when using real money compare to demo. Try it and you will know what i meant
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #83
  • Feb 1, 2014 10:00pm Feb 1, 2014 10:00pm
Easy. Just open a brokerage.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #84
  • Mar 7, 2014 4:35pm Mar 7, 2014 4:35pm
Saaedb, you cannot get a trading method with a 100% Win Ratio.
But, you can get this ratios:
1 pip gain - 99%
2 pip gain - 96%
3 pip gain - 92%
And so on. The more pips you want to catch, the more time you spend in market, the more exposed you are.
"Success is not a fantasy, is a formula." - MTI Institute
  • #85
  • Mar 10, 2014 12:50am Mar 10, 2014 12:50am
try to get 100% loss, the one who trade against you shall get 100% win
  • #86
  • Mar 10, 2014 11:59am Mar 10, 2014 11:59am
Why is the win % so important ? People who fail at trading are often those who have a need to be right.
  • #87
  • Mar 10, 2014 4:49pm Mar 10, 2014 4:49pm
Quoting fido
Why is the win % so important ? People who fail at trading are often those who have a need to be right.
+1
managing risk is the right issue to think about at first
so cut your loss and let your profit runs if you want to win the game ..
  • #88
  • Mar 12, 2014 7:55am Mar 12, 2014 7:55am
You will have infinitely better results trying to go for 100 pips with a 55% win ratio. And you will have time to be social. And you will retain your hair.
There's always money in the banana stand.
  • #89
  • Mar 13, 2014 4:06am Mar 13, 2014 4:06am
Quoting Gwan
try to get 100% loss, the one who trade against you shall get 100% win
But winner may lose that another person. Zero sum game
  • #90
  • Last Post: Mar 13, 2014 3:48pm Mar 13, 2014 3:48pm
If you think that reducing your goals will increase your success percentage, you are seriously mistaken.

That way of thinking is like going to the Casino and saying: "Well... I dont want to win 1000 dollars per night, I just want to make 100 bucks today, 100 bucks tomorrow, then rest for 5 days and then 100 bucks again, that way I will probably win and defeat the house... Those who go to the casino and want to win 1000 bucks every single night, those are the ones who lose it all, and since I will risk less and dont bet all nights I can win"...

That's part of the Gambler's Fallacy that applies 100% to FOREX, because it's a gambling scheme.

Nothing else to add.
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