As will FerruFx friend? You are correct, so I'm testing the method with 02 modes ... and without Ts Ts ... Some days you win 09 inputs with 07-10pips + and loses with 02 - 20pips ... this gives us a gain of +30 pips ... this without putting ... putting TS TS of 05 pips is hardly in red ... this week as I said I'll be testing with and without TS Ts and we will see what we can do better. Putting 2% to 1% risk per win, and like you said, if we have more wins than losses may be worth. Excuse my english, I am Brazilian and I put in google translator ... A big hug!
- #44
- Edited 9:12am Jul 22, 2014 8:51am | Edited 9:12am
- | Commercial User | Joined Apr 2013 | 1,178 Posts
- #45
- Edited 4:09pm Jul 22, 2014 3:44pm | Edited 4:09pm
- | Joined Feb 2011 | Status: Stay Humble no matter what | 48 Posts
Hello everybody, I would like to tell you something about this strategy(more a system, because there is no MM included etc.) I am a student 19 years old, I study economics. I traded demo since my 16th and real when I was 18 years old. I saw alot strategy's and systems, made my own out of others and after alot tweaking it was finally done. It made and still does make a steady x% monthly. Everyday I had to do the same thing preparation mental, read somewhat about the news upcomming (I trade technical); this got me bored. I still liked trading alot...
but before i do at real one, i have some questions first.
- is this real or still demo? (i know it sound stupid, bear with me okay?) ^_^
- i've checking your image posting and i see it's on a 5 digit broker.
the next questions is,
- is it your SL is 340 or 34?
because if it's 34. i've seen your SL been touch before it reach the end day trade. (you can see the pictures below for further questioning explanation).
if it's 340, then at your 8 day trading, how come it reach 340? because it's barely touch 340 and it still can move to the next day (i've checked it by my own MT4 it have gaps another 140++ points).
the other part is, on your 7th day, you are supposed to be minus (according to your system) but then again it's write it down profitable. can you explain this more?
last one is,
at this post below
Sell Day 8:
Open 1.36138
Close 1.36172 Gain: -34 Pips
-34Pips x (0.00001/1.36172)x(280,421$ x 2000) = -140,210$ +280,421$ = 140,210$
Sell Day 9:
Open 1.36115
Close 1.36149 Gain: -34 Pips
-34Pips x (0.00001/1.36149 )x(280,421$ x 2000) = -140,210$ +280,421$ = 140,210$
i think you write it down wrongly.. so it makes the whole calculation is wrong.. but then again, if this is real or demo you can just show us your history report right?
sorry for my bad english, not really good using english ^_^
P.s:
eager to learn from you ^_^
and what broker you use? i might wanna use it if you can give me the link ^_^
- #51
- Jul 23, 2014 10:03pm Jul 23, 2014 10:03pm
- Joined Sep 2006 | Status: ... | 8,112 Posts
{quote} Remember that you close the previous order at open of the "new day" and open the new one at the close of the 1st hr candle of the "new day", after the analysis to go up or down. So there is a 1 hr gap between the close of the previous and the open of the new one, and you don't know the direction of the new one until then. Regards
{quote} i think the reason is because of this.. if you open full size lot like this, it's "not able" to take a new order except you close the old one. example: if you buy with 0.1 size lot, and the margin is already at it's limit. you can't take new order because your execution will be rejected. but if you close the trade, you can take a different size lot and.... yeah we all know, we must pay the price of the latest spread, commission and all.
If this system isn't intended for use by serious traders, then I think I'll just move on.
- #52
- Jul 23, 2014 10:34pm Jul 23, 2014 10:34pm
- | Joined Feb 2011 | Status: Stay Humble no matter what | 48 Posts
{quote} Perhaps I have misunderstood, but I still don't see any mention of hourly candles in post #1, only daily candles. {quote} I don't understand why anybody would be trading that close to a margin call, unless it's just a 'play money' account and they don't care if they lose it all. That's certainly not 'textbook' risk management. If this system isn't intended for use by serious traders, then I think I'll just move on.
that's the reason why i'm asking questions here
but then again, it's been answer at this post as "a possibility".
i've done that before using my 300 USD and it gains 1k USD in a few days, years ago. but in the end i lose the money.
and been trading safe ever since, but i still wondering. is there a way to achieve "small risk", high income in forex.
been wondering this past few days, browsing here and there again and i stumbled across this thread. well i think it's "achieve able".
and i'm gonna try it in real account. Gonna post the result at the end of the month (hopefully good things happen at the end of the month).
- #53
- Jul 24, 2014 2:12am Jul 24, 2014 2:12am
- Joined Sep 2006 | Status: ... | 8,112 Posts
{quote} that's the reason why i'm asking questions here
Anyway, thanks for your replies, and good luck — may the pips be with you.
- #55
- Jul 24, 2014 1:02pm Jul 24, 2014 1:02pm
- | Joined Feb 2011 | Status: Stay Humble no matter what | 48 Posts
{quote} Fair enough. Post #1 made no mention of MM or risk management, hence I assumed that the OP was proposing a strategy for entries and exits, and that the trader could use any MM he wished, whether conservative or aggressive. Anyway, thanks for your replies, and good luck — may the pips be with you.
btw like masilva said, in this thread there are around more than 1 strategy in this thread. and i refer to the later on 'jyasticim'.
but the post #1
i'm kindda confused so, still waiting for the ts to fix it more..
and the robinho strategy is good also.