Fez, you sure are a wonderful person and one of the first in FF opening my Forex eyes. As soon as your MM post is here I will start to begin/learn small using the method in my micro live acc. Keep on going with this great thread. Thank you.
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedHi, I've been eagerly reading all the posts since this morning. When I was reading the millipede thread my only regret was that the OP was gone since long. I tried the millipede. Three times. I failed. Three times. The mistake I made: over leverage. The accumulation of little losers was such that the 700 pip winners weren't enough to cover. Anybody who read my posts should already know that I'm objective and very math oriented. That's why I'd like to correct two misconceptions I found here and which I wish I knew when trying the millipede. First:...Ignored
Disliked{quote} PipmeUp -- read from beginning and try to understand what Fez written in his post: started with 3000 First win when account balance reached 600. That means lost 3,000-600=2400 Each trade he lost 90. Therefore he lost 2400/90 = 26 trades. In each trade one can go for 1.8 standard lot to risk 90 with 5 pip sl. How many pips one need to earn to double his account with lot size of 1.8? 333 pips. For the time being try to forget your calculation and listen what Fez is trying to revel here. Keep patience instead of drawing your conclusion.Ignored
DislikedHi, I've been eagerly reading all the posts since this morning. When I was reading the millipede thread my only regret was that the OP was gone since long. I tried the millipede. Three times. I failed. Three times. The mistake I made: over leverage. The accumulation of little losers was such that the 700 pip winners weren't enough to cover. Anybody who read my posts should already know that I'm objective and very math oriented. That's why I'd like to correct two misconceptions I found here and which I wish I knew when trying the millipede. First:...Ignored
DislikedHi, I've been eagerly reading all the posts since this morning. When I was reading the millipede thread my only regret was that the OP was gone since long. I tried the millipede. Three times. I failed. Three times. The mistake I made: over leverage. The accumulation of little losers was such that the 700 pip winners weren't enough to cover. Anybody who read my posts should already know that I'm objective and very math oriented. That's why I'd like to correct two misconceptions I found here and which I wish I knew when trying the millipede. First:...Ignored
Disliked{quote} I thank you for your valuable post. Your calculations are naturally spot on. However, one thing I mentioned in an earlier post to another trader - I do not risk a % of my account after the first trade. For example my account right now is at circa 550k. I risk 0.5% in that trade, so around $2,750. I now risk this constant $2,750 until I am in profit again. Does that make sense? The reason why in your experiments the large winner wasn't enough to cover all the small losses was because the large winner, although a large percentage gain of the...Ignored
Disliked{quote} Very interesting. Trying not to jump the gun on questions, but what you mentioned brings up one I don't want to forget later. Just to be clear, the 39 losses could be on a variety of pairs...for example 8 on E/U, 7 on G/C, etc. etc...right? Then you hit the winner on any pair and you then start moving forward with a new lot size.Ignored
Disliked{quote} I thank you for your valuable post. Your calculations are naturally spot on. However, one thing I mentioned in an earlier post to another trader - I do not risk a % of my account after the first trade. For example my account right now is at circa 550k. I risk 0.5% in that trade, so around $2,750. I now risk this constant $2,750 until I am in profit again. Does that make sense? The reason why in your experiments the large winner wasn't enough to cover all the small losses was because the large winner, although a large percentage gain of the...Ignored
Disliked{quote} PipmeUp -- read from beginning and try to understand what Fez written in his post: started with 3000 First win when account balance reached 600. That means lost 3,000-600=2400 Each trade he lost 90. Therefore he lost 2400/90 = 26 trades. In each trade one can go for 1.8 standard lot to risk 90 with 5 pip sl. How many pips one need to earn to double his account with lot size of 1.8? 333 pips. For the time being try to forget your calculation and listen what Fez is trying to revel here. Keep patience instead of drawing your conclusion.Ignored
Disliked{quote} This is exactly it. You trade fixed size. More precisely piecewise constant lot size since you increase from time to time. While a lot of people including myself trade %. That's the reason I wanted to warn "1% is far too high with this method". You claim very big runners and for sure people will translate that they can bet 10% and turn millionaires next week. Just read all the "1 pip per day" kind of threads. A lot think that if you can average 1 pips per day you simply need a crazy leverage to be extremely wealthy. I wanted to ask you when...Ignored
DislikedHi fez,Thank you for your Moneymanagement system.I was following you from your first post and i will follow you till your last post.Keep your good work. One question how much pips need you for move stoploss into breakeven.Ignored
Disliked{quote} I use a 1:1, so I set to breakeven when I'm 5 pips in profit. Naturally the quicker you set to breakeven the more trades get taken out at breakeven but the less losers you have, so it's in essence a trade off. As I've stressed, the entries do not make the method. I've shown above that all you need is to get atleast half of your entries to breakeven ( obviously the higher % you get to breakeven the higher the profitability & lower the drawdown) - the market does the rest of the work for you. FezIgnored