MONEY MANAGEMENT!!
Ok,here is the most important part of the strategy,in time you will understand every aspect of it as I have many ways how we can manage this to be in profitable.Many of you will judge me probably but I don't care...My goal is the help others who will find my learnings helpfull...
So I will open new demo account for this testing purposes and put 100 000 usd on it!
Max Draw Down is 50% on this account so i have possibility of 12 trades to recover!
Think that 12 trades should be enought for every trader to recover from Draw Down,in opposite think about to change proffesion
!!!!
Ok, THIS IS NOT MARTINGALE as in Martingale we add 1,2,4,8,16,32.......
In this we will use add like 1,2,3,4,5,6,7,8,9,10,11,12!!
Stop loss is always 15 pips or 15 pips + commission!
-we can be in max 3 trades on same time on different currency pairs!
-if we are in 3 pairs max number of adds is 6 and if are in 2 pairs max adds is 7 till 50% Draw down of account!
STRUCTURE OF ADDING!
Based on 100k $ my first position is 4 lots or 40$ which represent 0.60% if 15 pips stop loss so we need 2 profit trades to close day and earn our 1% exact 1.2%,respect this rule and enjoy in life!
After every loss next loss size will be 2,3,4,5,6,7,8,9,10,11,12 with always 15 pips stop loss!
Now,when we closed 1st trade in loss we have many opportunities what we can do next: (throught time this aspect will be much clearer as I will show on real examples!)
We have cases that depends on decision of each trader after first loss:
1. in Second trade we can close cycle after only +8 pips at BE and start cycle all over again!
2. after 9 or more pips we can close profit and start cycle all over again!
3. close trade in loss again
After second position you got loss you could:
1. close trade after 15 pips and cycle would be at BE to start from position 1 again
2. close trade after 10 pips and you resolved position 2 and 3 and next trade will need only 8 pips again to recover
3. close only 3rd position to profit and wait for another opportunity to do the step 1 or 2
4. close position on loss
BEAR IN MIND THAT IN 3rd position you need only 33% of succesfull trades on 15 pips to be at BE!
Let assume that you closed 3 lossess you could next:
1. close trade after 21 pips to be at BE and start cycle over again from pos 1
2. close and resolve only 3rd position and lock some profit and next add will be 3rd again
3. close and resolve 2 and 3 position with locking some profit of 4th pos and next time add 2 pos
4.close all in loss
Hope you got the idea for next positions.....Will be much clearer as we go on.....
PLAN IS THAT WE HAVE MANY WAYS TO MANAGE OUR LOSSES and quite stress free as long as we know what we are doing and what market want to give us,just be discipline enought and not to greedy to close cycle when opportunities arrise (Thats why we have larget picture in 20 brick size if you know what i mean
)
In this plan brokers cannot know what will you do next and how much pips you wanna to get,you are always 1 step further and you don't have to care if there hunt your sl,just recover from it....you have different ways how to fuck them up but be in profit all the time and 12 positions should be enought for you to recover,just be patience and discipline!
BE AWARE:
Every of this cycles are only for 1 pair,so if you loss first trade on EUR/USD,second positions must be in EUR/USD not other pairs!
On ther pair you can start cycle from position 1!
Sometimes you will get signal in 5 pairs that day and 4 of them will be profit 1 loss,so you don't have to recover you have your 1% that day!
It uses lots of disretion which trader can manage easily JUST DON'T BE TO GREEDY!
And yes some days pairs can be nasty all day so put in rules that only 3 adds per day/per currency pairs are possible!
And one more hint for now,on mondays and fridays i like to get 10 pips for take profit and on other days 15 is OK so 1:1 but you don't care as you know you will recover!
Ok,here is the most important part of the strategy,in time you will understand every aspect of it as I have many ways how we can manage this to be in profitable.Many of you will judge me probably but I don't care...My goal is the help others who will find my learnings helpfull...
So I will open new demo account for this testing purposes and put 100 000 usd on it!
Max Draw Down is 50% on this account so i have possibility of 12 trades to recover!
Think that 12 trades should be enought for every trader to recover from Draw Down,in opposite think about to change proffesion
!!!!Ok, THIS IS NOT MARTINGALE as in Martingale we add 1,2,4,8,16,32.......
In this we will use add like 1,2,3,4,5,6,7,8,9,10,11,12!!
Stop loss is always 15 pips or 15 pips + commission!
-we can be in max 3 trades on same time on different currency pairs!
-if we are in 3 pairs max number of adds is 6 and if are in 2 pairs max adds is 7 till 50% Draw down of account!
STRUCTURE OF ADDING!
Based on 100k $ my first position is 4 lots or 40$ which represent 0.60% if 15 pips stop loss so we need 2 profit trades to close day and earn our 1% exact 1.2%,respect this rule and enjoy in life!
After every loss next loss size will be 2,3,4,5,6,7,8,9,10,11,12 with always 15 pips stop loss!
Now,when we closed 1st trade in loss we have many opportunities what we can do next: (throught time this aspect will be much clearer as I will show on real examples!)
We have cases that depends on decision of each trader after first loss:
1. in Second trade we can close cycle after only +8 pips at BE and start cycle all over again!
2. after 9 or more pips we can close profit and start cycle all over again!
3. close trade in loss again
After second position you got loss you could:
1. close trade after 15 pips and cycle would be at BE to start from position 1 again
2. close trade after 10 pips and you resolved position 2 and 3 and next trade will need only 8 pips again to recover
3. close only 3rd position to profit and wait for another opportunity to do the step 1 or 2
4. close position on loss
BEAR IN MIND THAT IN 3rd position you need only 33% of succesfull trades on 15 pips to be at BE!
Let assume that you closed 3 lossess you could next:
1. close trade after 21 pips to be at BE and start cycle over again from pos 1
2. close and resolve only 3rd position and lock some profit and next add will be 3rd again
3. close and resolve 2 and 3 position with locking some profit of 4th pos and next time add 2 pos
4.close all in loss
Hope you got the idea for next positions.....Will be much clearer as we go on.....
PLAN IS THAT WE HAVE MANY WAYS TO MANAGE OUR LOSSES and quite stress free as long as we know what we are doing and what market want to give us,just be discipline enought and not to greedy to close cycle when opportunities arrise (Thats why we have larget picture in 20 brick size if you know what i mean
)In this plan brokers cannot know what will you do next and how much pips you wanna to get,you are always 1 step further and you don't have to care if there hunt your sl,just recover from it....you have different ways how to fuck them up but be in profit all the time and 12 positions should be enought for you to recover,just be patience and discipline!
BE AWARE:
Every of this cycles are only for 1 pair,so if you loss first trade on EUR/USD,second positions must be in EUR/USD not other pairs!
On ther pair you can start cycle from position 1!
Sometimes you will get signal in 5 pairs that day and 4 of them will be profit 1 loss,so you don't have to recover you have your 1% that day!
It uses lots of disretion which trader can manage easily JUST DON'T BE TO GREEDY!
And yes some days pairs can be nasty all day so put in rules that only 3 adds per day/per currency pairs are possible!
And one more hint for now,on mondays and fridays i like to get 10 pips for take profit and on other days 15 is OK so 1:1 but you don't care as you know you will recover
!
