I did some backtests for the mentioned pairs (eurusd, usdchf, usdjpy, gbpjpy) in the 5min timeframe and got about 55% win ration.
Considering a payout of 80% is very hard to get profitable.
I dont consider using martingale, because in the test I got 6 losses in a row ...
How do you guys are managing to get profit? I'm trying with lots of "gambling strategies" like 1324, fibonacci, paroli ... to see if I get better results.
{quote} I`m up to 5 losses continuing from yesterday.
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you must had have a sixth loss and the recovered with number 7 !
this is a total of 1350 loss before recovery, is it worth it ?
was thinking of going only till 4 times and then beginning again , would like your opinion on this .
all depends probably how many times y get 4 losses , once a month would be ok , more becomes problematic..
missed your last post , anyway , possibility exists, would like your opinion
{quote} you must had have a sixth loss and the recovered with number 7 ! this is a total of 1350 loss before recovery, is it worth it ? was thinking of going only till 4 times and then beginning again , would like your opinion on this . all depends probably how many times y get 4 losses , once a month would be ok , more becomes problematic.. missed your last post , anyway , possibility exists, would like your opinion
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I had 5 losses so the 6th was a winner, not 7.
Yes it`s worth it otherwise I wouldnt be here, if you cant take the losses then I suggest you move on.
{quote} I had 5 losses so the 6th was a winner, not 7. Yes it`s worth it otherwise I wouldnt be here, if you cant take the losses then I suggest you move on.
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my question was about the best money management for this system : continuing to double limitless , or stopping at 4 and begin again , it all depends on the frequency from the 4 cons losses , in the 5 min you had it 1 in 8 month , in this system is this very frequent?
thanks
{quote} my question was about the best money management for this system : continuing to double limitless , or stopping at 4 and begin again , it all depends on the frequency from the 4 cons losses , in the 5 min you had it 1 in 8 month , in this system is this very frequent? thanks
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It`s a personally thing, if you want to stop at 4 and start again, then maybe the 5th would have been a winner, we all have our own MM.
Frequency, nobody has a crystal ball to predict how may losses you will encounter.
{quote} It`s a personally thing, if you want to stop at 4 and start again, then maybe the 5th would have been a winner, we all have our own MM. Frequency, nobody has a crystal ball to predict how may losses you will encounter.
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you are right about the crystal ball , but for the past few weeks that y are trading the 1 min , do you remember how many
4 (or more) cons. losses you had already?
