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0 to 10000%: Big RR

  • #1
  • First Post: Edited Dec 22, 2017 2:23am Oct 9, 2015 8:16pm | Edited Dec 22, 2017 2:23am
I saw the 'High hit rate vs big R:R - Which one do you prefer and why?' thread and I think i am going to share to you guys that trading with high RR is what i found to be a very important part of a winning strategy. I am not saying that high hit rate will not work, it is just that the probability is skewed negatively if you have a negative expectancy strategy. And when you are dealing with something crazy like the fx market, negative expectancy strategy will make it harder for you.

To prove my point further i will share a trade journal showing exactly what I mean. I win 30% of the time but just look at the results

Cut losses short and let winners run. The old traders adage. Learn from the successful ones.

Goal: Achieve 10,000% ROI.

Update: 22 December 2017
Things changed. Now, my trading is very different than when I started this thread.
  • #2
  • Oct 9, 2015 10:14pm Oct 9, 2015 10:14pm
Hello Supertrader9
Well done - How do you decide at what level to go in?
  • #3
  • Edited 11:08pm Oct 9, 2015 10:57pm | Edited 11:08pm
Quoting kofix11
Hello Supertrader9 Well done - How do you decide at what level to go in?

Hi kofix11,

Thanks

Its hard to say. Probably experience. I have failed hundreds of times but I try to learn from it. Fail as many times as you can and learn from it. The important part is to learn from the failures. Many fail without learning anything from the failures though. Failures are good. Fail as many times as you can until there are no more ways to fail.. Use a demo though when learning. One day you will run out of failures.

Learn as much as you can from all. Indicators? Throw it all away except for moving average.
  • #4
  • Oct 9, 2015 11:09pm Oct 9, 2015 11:09pm
Quoting Supertrader9
{quote} Failures are good.
Can't agree more ... Failure is what build experience ...

And if you never failed, you won't be prepared to accept the ONE when it will occur ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Oct 9, 2015 11:28pm Oct 9, 2015 11:28pm
Quoting Supertrader9
I saw the 'High hit rate vs big R:R - Which one do you prefer and why?' thread and I think i am going to share to you guys that trading with high RR is what i found to be a very important part of a winning strategy. I am not saying that high hit rate will not work, it is just that the probability is skewed negatively if you have a negative expectancy strategy. And when you are dealing with something crazy like the fx market, negative expectancy strategy will make it...
hello, is the high rr part of your edge ?
  • #6
  • Oct 10, 2015 1:56am Oct 10, 2015 1:56am
Quoting FerruFx
{quote} Can't agree more ... Failure is what build experience ... And if you never failed, you won't be prepared to accept the ONE when it will occur ...

Yes.

"Failure is the foundation of success,
and the means by which it is achieved." - Lao Tzu
  • #7
  • Oct 10, 2015 1:58am Oct 10, 2015 1:58am
Quoting metta87
{quote} hello, is the high rr part of your edge ?
Hi metta87,

Yup, high RR is an important part. Without it i would have failed miserably.
  • #8
  • Oct 10, 2015 3:09am Oct 10, 2015 3:09am
Quoting Supertrader9
{quote} Indicators? Throw it all away except for moving average.
if something does not work for you, that does not mean it does not work for others. The charts, candlesticks, bars are all indicators. or have you thrown those away too? Nice results you got.
  • #9
  • Oct 10, 2015 3:27am Oct 10, 2015 3:27am
Quoting LITEchild
{quote} if something does not work for you, that does not mean it does not work for others. The charts, candlesticks, bars are all indicators. or have you thrown those away too? Nice results you got.

Yes, what you've said is true. I was merely positing that one should see it as it is. Not to be influenced by illusions. Thanks, yours are good too actually
  • #10
  • Oct 10, 2015 4:10am Oct 10, 2015 4:10am
I'm subscribed,
I'm a big fan of Big RR.
Though a strict trade management is to be adhered to.
For me, A+++ entry for Big RR and discipline and patients.


Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #11
  • Oct 10, 2015 4:22am Oct 10, 2015 4:22am
How big is your R:R ratio per trade?
  • #12
  • Oct 10, 2015 4:22am Oct 10, 2015 4:22am
Quoting efestus
I'm subscribed, I'm a big fan of Big RR. Though a strict trade management is to be adhered to. For me, A+++ entry for Big RR and discipline and patients. Regards, Festus

Exactly what i am trying to do! A+++ entry for Big RR and discipline. Thanks Festus
  • #13
  • Oct 10, 2015 4:39am Oct 10, 2015 4:39am
Quoting Pipsalon
How big is your R:R ratio per trade?
Hi Pipsalon,

It depends but always more than 1:3.
  • #14
  • Oct 10, 2015 4:54am Oct 10, 2015 4:54am
This is awesome, subscribe.
3Some Candle TacticaL
  • #15
  • Oct 10, 2015 4:58am Oct 10, 2015 4:58am
Great thread ... high RR is something I'm beginning to realise is key, that and exits. I started a few weeks ago to trade 1m to 15m timeframes, make logical entries based on support and resistance and how price reacts there, and cut losses quickly. What I find the biggest hurdle is not the entries but exits. Do you exit at support/resistance areas when price is exhausting? Exits are probably the holy grail as far as trading is concerned.

Anyway, again, great thread, look forward to following along.
  • #16
  • Oct 10, 2015 5:02am Oct 10, 2015 5:02am
Just looking at your trade explorer you had a similar day to me on Friday where I kept looking for price to reverse back down EUR/USD. Took 4 or 5 losing trades and In the end I finished the day slightly up when I shorted at 1.1380 for around 25 pips. My stop is usually around 5 - 10 pips. I kicked myself for not going with the trend but trying to find the reversal!
  • #17
  • Oct 10, 2015 5:59am Oct 10, 2015 5:59am
Quoting Mozak
This is awesome, subscribe.
Thanks Mozak
  • #18
  • Edited 1:24pm Oct 10, 2015 6:11am | Edited 1:24pm
Quoting L33
Great thread ... high RR is something I'm beginning to realise is key, that and exits. I started a few weeks ago to trade 1m to 15m timeframes, make logical entries based on support and resistance and how price reacts there, and cut losses quickly. What I find the biggest hurdle is not the entries but exits. Do you exit at support/resistance areas when price is exhausting? Exits are probably the holy grail as far as trading is concerned. Anyway, again, great thread, look forward to following along.
Hi L33,

Many traders seems to be ignoring the fact that the market is in a way 'random'. To overcome this randomness they have to make use the edge that anyone can access, which is the law of probability. The law of probability alone might not be sufficient but if one can combine it even with a very simple positive expectancy strategy one would end up with a great profitable strategy.

Hit and run theory may work but it is too much work to make it work. Spreads and slippages kill most of these system which works but only in theory.

Great to hear you were still up on friday though. When in doubt stay out. When you have lost more than you think you should, stay out. The market has its tantrums once in a while. When it is moody, just leave it for a while only to enter again in the direction it didn't want to go previously. Usually it won't be moody any more after a while, at least for a while.
  • #19
  • Edited 8:09am Oct 10, 2015 7:52am | Edited 8:09am
Quoting matheszabi
Hey Looser! Why do you like to lose? {image} While you can win too? {image} {image} Step out from your shoes and watch this TE as it would be for somebody else! What is the common on losing trades? What is the common in the winner trades? I bet you will find the answer and you will trade even more profitably. Until now I like your style , that's why I wanted to give a hint (check the trade opened hours and make conclusions!) I don't want to elaborate my system, but I found is the best the 40:1 -60:1 leverage, risk per trade more then 2%, less...

Hi Matheszabi,

I seriously do not understand this post. However, you have a point there about the type of brokers traders should choose. Always choose brokers that are regulated by a strong regulator not just in some island. FCA(UK) and ASIC comes to mind. The broker that i am using is only valid for smaller accounts.

P/s Owh i get it now, you are trying to tell me that i need to read the thread 100$ to 10,000$ so that i would trade better. Thanks for the advise and wisdom. I will check it out. I think i have read it before but its okay i'll check it again.
  • #20
  • Oct 10, 2015 8:00am Oct 10, 2015 8:00am
Quoting Supertrader9
I saw the 'High hit rate vs big R:R - Which one do you prefer and why?' thread and I think i am going to share to you guys that trading with high RR is what i found to be a very important part of a winning strategy. I am not saying that high hit rate will not work, it is just that the probability is skewed negatively if you have a negative expectancy strategy. And when you are dealing with something crazy like the fx market, negative expectancy strategy will make it harder for you....
Hey super trader, nice work

I am interested in how you manage your trades once in. I.e Do you trail stops until you are stopped out or do you have a long term target?
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