Rags to Riches in 10 or 20 Trades - Simplicity at its finest | Page 105 | Forex Factory

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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

  • #2,081
  • Apr 20, 2016 4:32am Apr 20, 2016 4:32am
Quoting GDR3k
If they would follow your trading for more than a nanosecond they'd know your style & risk management.
  • #2,082
  • Apr 20, 2016 5:25am Apr 20, 2016 5:25am
Vasily = Impressive trader....One of the few who could do this imho...
Dont fancy having a go? Even I fancy a go for $50 its like playing Millionaire...
But instead of questions... trades....Good fun!
  • #2,083
  • Apr 22, 2016 5:24am Apr 22, 2016 5:24am
have you considered that you just don't have to make 300% profit in just 1 single trade,
i mean it's also very good if you can do that in a week!
does any body know a good EA that have an almost good chance to triple the account in a week, please?
thank you .
  • #2,084
  • Apr 22, 2016 5:49am Apr 22, 2016 5:49am
Quoting She1
have you considered that you just don't have to make 300% profit in just 1 single trade, i mean it's also very good if you can do that in a week! does any body know a good EA that have an almost good chance to triple the account in a week, please? thank you .
You are asking for something that does not exist.
If such an EA existed then nobody would have lost money and everyone would be rich and prosperous.
Forget 300% weekly , if you can get some EA that can give you 10% every year consistently for over 10 years , you should be happy.
When the going gets tough , the tough get going
  • #2,085
  • Apr 22, 2016 5:51am Apr 22, 2016 5:51am
Quoting She1
have you considered that you just don't have to make 300% profit in just 1 single trade, i mean it's also very good if you can do that in a week! does any body know a good EA that have an almost good chance to triple the account in a week, please? thank you .
I dont think anyone would giveaway such an EA...Everyone would want it...and if anyone offers to sell you such you should read between the lines..It will not work..
  • #2,086
  • Edited 11:37am Apr 22, 2016 10:42am | Edited 11:37am
I'm aware that its not a reasonable expectation, but its possible as the thread's topic says. i look at that as a game with 10 levels! and we need to do a smart gamble in each level!
  • #2,087
  • Apr 29, 2016 7:25pm Apr 29, 2016 7:25pm
I've read a few posts mentioning that the brokers reduce your leverage when your account is a certain amount (big players). What is this amount and does it vary with brokers?
  • #2,088
  • May 1, 2016 3:46pm May 1, 2016 3:46pm
Quoting Rag2RichesFX
1) Disclaimer Before we begin, just know, this is all simple in theory, but difficult in practice. 2) Affordable Risk Start off with whatever you consider "affordable" risk. For the sake of this thread we will just say $50. 3) The Mental Attitude You have to treat it like digging a hole to find the buried treasure. Wins make the hole deeper.Losses make the walls of the hole cave in. 4) Don't Think of the Money, Think About Net Winning Trades (NWT) When you use a 50% stop loss and 100% take profit, a losing trade will only cause you to lose the profit...
i will try this
first risking 200.
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he, alone, was to blame for his losses in the zero-sum game
  • #2,089
  • May 1, 2016 4:02pm May 1, 2016 4:02pm
Firts try out with USD$74 profits
using the 1 m to exit
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he, alone, was to blame for his losses in the zero-sum game
  • #2,090
  • May 1, 2016 8:50pm May 1, 2016 8:50pm
Can someone help me figure out how to try this out?

I believe with my broker the max leverage I can get is 500:1. However, that number will change based on balance.

Margin call / Stop out levels: 150% / 100%

If I wanted to try this with lets say 100:1 how do I calculate max lot size for varying risk %. For example 10 pips = 15% risk or 50 pips = 50%.

Thanks!
  • #2,091
  • May 1, 2016 9:50pm May 1, 2016 9:50pm
Quoting msetai
Can someone help me figure out how to try this out? I believe with my broker the max leverage I can get is 500:1. However, that number will change based on balance. Margin call / Stop out levels: 150% / 100% If I wanted to try this with lets say 100:1 how do I calculate max lot size for varying risk %. For example 10 pips = 15% risk or 50 pips = 50%. Thanks!
http://www.babypips.com/tools/forex-...sitionsize.php
  • #2,092
  • May 2, 2016 1:27pm May 2, 2016 1:27pm
Quoting Trendzalore
{quote} http://www.babypips.com/tools/forex-...sitionsize.php
Yes, I use this all the time but like all the calcs out there it does not take leverage into consideration...
  • #2,093
  • Edited 2:47pm May 2, 2016 2:35pm | Edited 2:47pm
Quoting msetai
{quote} Yes, I use this all the time but like all the calcs out there it does not take leverage into consideration...
I think what you wanna calculate is true leverage, which means how much you are willing to risk in total.

So for example you have a 10 000 dollar account and want leverage of 25:1

Therefore calculation would be simply 10 000 x 25 = 250 000 unit which turns in trading platform is 2,5 lot, but you will see it as 25$/pip

People talking about
People talking about
Seen in platforms when opening trade
Real amount because of leverage offered by broker to let retail traders to trade huge amount of "virtual money" while spending little
Real value that you will earn

1 standard lot = 1.0 lot = 100 000 unit = 10$/pip //
1 mini lot = 0.1 lot = 10 000 unit = 1$/pip
1 micro lot = 0.01 lot = 1000 unit = 0,1$/pip

Therefore maximum you can trade up to with 2,5 lot = 25$/pip

Then the draw down depends on how much you are willing to let the account to stay in red.
Then of course you have take into consideration Stop loss, so for example you allow your trades 50 pips Stop loss then you can do simple calculation of 25$/50 pips = 5$ = 0,5 lot


In this case, you are earning less per pips, however you are managing your trade size within your plan of 25:1 leverage if in worst case scenario the trade is to against you 50 pips + spread.

Hope this answers your question

So in your example For example 10 pips = 15% risk or 50 pips = 50%.

Let's assume your capital is 1000$

In 1st case you are willing to risk 15% of the capital within 10 pips so your lot would be 1000*0,15 = 150$ per trade
but you have set SL of 10 pips then it would be 15$ per pip = 0,15 lot.

To calculate your true leverage we convert the lot into unit, which would be 15 000 unit therefore your leverage in this trade would be 15 000/1000 = 15:1 true leverage

In 2nd case you are willing to risk 50% of your capital within 50 pips, so your lot would be 1000*0,5 = 500 per trade
but you have set SL of 50 pips then it would be 500$/50 = 10$ per pip = 0,1 lot

To calculate your true leverage we convert the lot into unit, which would be 10 000 unit therefore your leverage in this trade would be 10 000/1000 = 10:1 true leverage, however, notice the leverage is lower than 1st example, but if your trade goes against you about 50 pips, then half of your account will be wiped out.
  • #2,094
  • May 3, 2016 1:40am May 3, 2016 1:40am
i'm doing great
USD$110.00 profits
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he, alone, was to blame for his losses in the zero-sum game
  • #2,095
  • May 3, 2016 3:19am May 3, 2016 3:19am
Quoting comoestas
i'm doing great USD$110.00 profits {image}

so the profit are what percent of your account ? Are you risking 50 percent of your account to get 100 percent ?

Best regards
  • #2,096
  • May 3, 2016 8:57pm May 3, 2016 8:57pm
@duy90 thanks for the explanation! Clears things up for me. However I still don't get how with 100:1 leverage can I risk 50% for 10 pips. For example, 3k account 100:1, 3000*100 = 300,000 unit or 3 standard lots, $30 per pip. $30/10 = $3 or .3 lots. In this scenario only way to risk 50% would be to let trade hit 50pip tp or sl. Is this correct?
  • #2,097
  • May 3, 2016 9:16pm May 3, 2016 9:16pm
Quoting msetai
@duy90 thanks for the explanation! Clears things up for me. However I still don't get how with 100:1 leverage can I risk 50% for 10 pips. For example, 3k account 100:1, 3000*100 = 300,000 unit or 3 standard lots, $30 per pip. $30/10 = $3 or .3 lots. In this scenario only way to risk 50% would be to let trade hit 50pip tp or sl. Is this correct?
If your calculated lot size is too big for your account size, you must either find a higher leverage or increase your SL.
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,098
  • Edited 1:48am May 4, 2016 1:22am | Edited 1:48am
i transfered USD$99.00 to a new account to try this idea.500:1
account up to 1k, i took +200 out.
i been conservative i'm just trading 1 lot,because if i enter my full amount and buy 4 lots,my account will be killed i any small pullback
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he, alone, was to blame for his losses in the zero-sum game
  • #2,099
  • May 4, 2016 2:16am May 4, 2016 2:16am
Quoting comoestas
i transfered USD$99.00 to a new account to try this idea.500:1 account up to 1k, i took +200 out. i been conservative i'm just trading 1 lot,because if i enter my full amount and buy 4 lots,my account will be killed i any small pullback {image} {image}
The orginal ideer is to risk 50 percent of account to gain 100 percent and repeat.

Best regards
  • #2,100
  • May 4, 2016 2:37am May 4, 2016 2:37am
Quoting jgadefelth
{quote} The orginal ideer is to risk 50 percent of account to gain 100 percent and repeat. Best regards
... of the alocated amount ...

You can start the progression with 100$ on a 1,000$ account ... So risking 50% of the 100$ to earn 100$ ... and so on.
MT4/MT5 EAs/Indicators/Alerts coder
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