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As simple as possible: 00 level trading

  • #4,721
  • Jun 23, 2014 5:39am Jun 23, 2014 5:39am
Quoting mpillmann
{quote} I do not know any trader, who start trading and never adjust the lot size, compared to actual balance/equity. Let's think you learned your lessons and double the account. Will you stay with the initial lot size? Or do you trust in your trading and increase...? As Udine already mentioned, the lotsize changed with every winning/losing trade. One use a script, one use an indicator, one simply use www.earnforex.com/position-size-calculator. However, its logic, that you need a variable...
Statistically I really don't know how many there are trading with a static lot size. I see that on this thread there are many newbies. So I simply wanted to make them aware. Not a big deal. Let's assume everybody here changing lot size incrementally to add 2% to their actual equity with 10 pips a day. If so.. no problem

Happy Trades
Focus only on what truly matters!
  • #4,722
  • Jun 23, 2014 5:49am Jun 23, 2014 5:49am
any one sitting in the short G/J from 173.300?
  • #4,723
  • Jun 23, 2014 5:50am Jun 23, 2014 5:50am
GBPYEN 173,30 Sell stop a valid trade ? I think so what do you think ?
  • #4,724
  • Jun 23, 2014 5:52am Jun 23, 2014 5:52am
Quoting msdogan
GBPYEN 173,30 Sell stop a valid trade ? I think so what do you think ?

yes

i m in loss pending
  • #4,725
  • Jun 23, 2014 5:53am Jun 23, 2014 5:53am
Quoting NewToForex14
any one sitting in the short G/J from 173.300?
yes,
GJ short 173.30
GU long 1.7020
  • #4,726
  • Jun 23, 2014 5:53am Jun 23, 2014 5:53am
valid

not trading now.. already done and also bonus in the pocket..

Udine
Sleep less, live fast, as it aint gonna last
  • #4,727
  • Jun 23, 2014 5:57am Jun 23, 2014 5:57am
GBPYEN stoped out First trade first loss..
  • #4,728
  • Jun 23, 2014 6:01am Jun 23, 2014 6:01am
Quoting msdogan
GBPYEN stoped out First trade first loss..

you started late ??

Udine
Sleep less, live fast, as it aint gonna last
  • #4,729
  • Jun 23, 2014 6:02am Jun 23, 2014 6:02am
gj -10

i finish today
Attached Image(s) (click to enlarge)
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  • #4,730
  • Jun 23, 2014 6:05am Jun 23, 2014 6:05am
GJ -10
GU TS

so far -10 for the day...
  • #4,731
  • Jun 23, 2014 6:10am Jun 23, 2014 6:10am
GU long @ 170.200 to TP, finally.

BE for now, hoping for green pips at NY open.
Attached Image (click to enlarge)
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  • #4,732
  • Jun 23, 2014 6:12am Jun 23, 2014 6:12am
Having some issues:

The xAdr-02renko stops displaying (labels disappear) and only come back when I open its properties, choose "input" tab and close again. After looking at other charts, same thing.

With the i-profit tracker (which is placed on a separate chrt together with the wheelbarrel and the adr-atr 20pair list) another weird thing happens: when starting the platform no profittracker shows up, so I look in the indicator list and there it is - close the list - no tracker on screen, open list again: indicator has disappeared...



Platform build 646, tried on 4 other accounts - same thing

Any thoughts?
  • #4,733
  • Jun 23, 2014 6:19am Jun 23, 2014 6:19am
Quoting Udine
{quote} you started late ?? Udine
yes may be morning is better
  • #4,734
  • Jun 23, 2014 6:23am Jun 23, 2014 6:23am
Quoting msdogan
{quote} yes may be morning is better
was afraid of that..

Udine
Sleep less, live fast, as it aint gonna last
  • #4,735
  • Jun 23, 2014 6:24am Jun 23, 2014 6:24am
Quoting Ata-Turkoglu
{quote} Udine actually yor example is wrong.. (I don't even mention your example assumes only winners and don't include losers but lets keep that out).. your example is wrong if we are talking of a 2% gain with 10 pips. I explain with the values on your table: 1-) turning 1.480 to 2.190 means a gain of 710 euros. If you make 710 euros with 10 pips you are having ~4.8% profit.. your daily lot size must be 0.5.. so I am talking of 2% gain rule. Here you broke your own rule already. 2-) turning 2190 to 3.242 means a gain of 1052 euros. Again if you...
You conveniently left the compounding factor out of the equation...
This is why your numbers are incorrect. Try again in Excel and youŽll see that it works out differently !
  • #4,736
  • Jun 23, 2014 6:28am Jun 23, 2014 6:28am
gu be
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  • #4,737
  • Jun 23, 2014 6:31am Jun 23, 2014 6:31am
Juan, I will nominate you for:
"Person in the 00 level thread with the most colorful charts" !
  • #4,738
  • Jun 23, 2014 6:33am Jun 23, 2014 6:33am
EURCAD 1,4580 sell stop was also valid according to me and second time i stoped out what a unlucky day. 2 trades 2 loss
  • #4,739
  • Jun 23, 2014 6:34am Jun 23, 2014 6:34am
i think
in frank and london time its better to trade Udine system

on Ny we can have bonus but its more risk

somme times the london tren change on Ny time

its my idea only ....
  • #4,740
  • Jun 23, 2014 6:43am Jun 23, 2014 6:43am
Quoting Juan007
i think in frank and london time its better to trade Udine system on Ny we can have bonus but its more risk somme times the london tren change on Ny time its my idea only ....
JuanŽs right. London Open + max. 2 hours on any given day, should give you at least one, if not 2 TPs.
If not NY Open + max. 2 hours, same thing.

Try it and youŽll see !
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