Rags to Riches in 10 or 20 Trades - Simplicity at its finest | Page 107 | Forex Factory

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

  • #2,121
  • Jun 21, 2016 7:50am Jun 21, 2016 7:50am
th
get better soon
he, alone, was to blame for his losses in the zero-sum game
  • #2,122
  • Jun 21, 2016 6:37pm Jun 21, 2016 6:37pm
Hey Danielant what is ur strategy for this RUN ?
  • #2,123
  • Jun 22, 2016 3:32am Jun 22, 2016 3:32am
How can you define what you're willing to risk before making the trade? I use technical levels to determine where I put my stops so I can't say that im willing to risk a standard amount per trade...
  • #2,124
  • Jun 22, 2016 4:28am Jun 22, 2016 4:28am
Quoting KarlAk7
How can you define what you're willing to risk before making the trade? I use technical levels to determine where I put my stops so I can't say that im willing to risk a standard amount per trade...
your balance * risk% / stoploss = lots to put in that trade

say you want to risk 1% every trade , so you have : balance*0.01/SL(pips) = lots to put in that trade

correct me someone if i am wrong
  • #2,125
  • Jun 22, 2016 4:40am Jun 22, 2016 4:40am
Quoting vhk.fxt
{quote} your balance * risk% / stoploss = lots to put in that trade say you want to risk 1% every trade , so you have : balance*0.01/SL(pips) = lots to put in that trade correct me someone if i am wrong
You forgot the pip-Value.

The correct formula is (your balance * risk%) / (Stoploss in pips * value of 1 pip)

EG: (10.000$ * 1%) / (50 * 10$) = 0.2 lots

Test : 50 pip Stop on a 0.2 lot = 0.2 *50*10$ = 100$
  • #2,126
  • Jun 30, 2016 10:33am Jun 30, 2016 10:33am
Hi guys, was busy trading scalping gold BIG LOTS M1 thursday last week before brexit day opening closed all loosy small lots holded for a month in loss closed -$1300 from $1800 started with $500 on friday now im $1800 equity and $2500 balance most of time hedged as is m1 and only GOLD scalping.

so i am up 300% equity since friday
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  • #2,127
  • Jul 10, 2016 9:11am Jul 10, 2016 9:11am
Quoting Danielant
Hi guys, was busy trading scalping gold BIG LOTS M1 thursday last week before brexit day opening closed all loosy small lots holded for a month in loss closed -$1300 from $1800 started with $500 on friday now im $1800 equity and $2500 balance most of time hedged as is m1 and only GOLD scalping. so i am up 300% equity since friday {image}
Danielant what is ur strategy??
  • #2,128
  • Aug 15, 2016 8:36am Aug 15, 2016 8:36am
demo strategy practice growing fast today, hope to see the same results on live and on more volatile day

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  • #2,129
  • Aug 15, 2016 9:41pm Aug 15, 2016 9:41pm
Good job D
  • #2,130
  • Oct 21, 2016 9:28am Oct 21, 2016 9:28am
i just got a question.
assume the bellow example with what you said.
i have 18 wins and 9 losses
and my balance is $50.the risk in the first trade will be 50% ($25). so if i lose my first trade my balance is $25.What if i lose the next 3 trades in a row.my balance will be close to 0..i guess for this the winning odds should be like i make 10 trades continuous profit and after that i lose 1 trade..then only it will work and it will be better if the 11 loss also comes after 5 trades atleast so that the trader wont get affected psychologically or emotionally affected.
  • #2,131
  • Nov 10, 2016 1:16am Nov 10, 2016 1:16am
Anybody who pass 10 steps
  • #2,132
  • Dec 28, 2016 1:10pm Dec 28, 2016 1:10pm
Quoting mongol
Anybody who pass 10 steps
This year, I reached the 13th level 6 times but then sliding back to 11th or 10th level. But me with a friend worked extensively on this to achieve it in some other way. For us a single Trade is not a level, Instead many trades can be there in a level.
Forex; the game of movements not the game of candles.
  • #2,133
  • Dec 28, 2016 1:29pm Dec 28, 2016 1:29pm
Quoting Sajid
{quote} This year, I reached the 13th level 6 times but then sliding back to 11th or 10th level. But me with a friend worked extensively on this to achieve it in some other way. For us a single Trade is not a level, Instead many trades can be there in a level.
Please explain many trades can be there in a level ? Also what strategy do you use to be able to do this please ?


Best regards
  • #2,134
  • Dec 28, 2016 1:40pm Dec 28, 2016 1:40pm
Quoting Sajid
{quote} This year, I reached the 13th level 6 times but then sliding back to 11th or 10th level. But me with a friend worked extensively on this to achieve it in some other way. For us a single Trade is not a level, Instead many trades can be there in a level.
I have a similar approach..
It's in fear when people show what they truly value.
  • #2,135
  • Dec 28, 2016 2:00pm Dec 28, 2016 2:00pm
Quoting ensale
{quote} I have a similar approach..
Then please dont be shy explain your aprotch little more also.

Best regards
  • #2,136
  • Dec 28, 2016 3:33pm Dec 28, 2016 3:33pm
Quoting jgadefelth
{quote} Please explain many trades can be there in a level ? Also what strategy do you use to be able to do this please ? Best regards
Dear no particular strategy. Just closing the loosing trades early and letting the profits running and multiple positions. Closing all the positions if the profit level or loss level meets. This produced to me wonderful results.
Forex; the game of movements not the game of candles.
  • #2,137
  • Dec 28, 2016 3:55pm Dec 28, 2016 3:55pm
Quoting jgadefelth
{quote} Then please dont be shy explain your aprotch little more also. Best regards
I will soon..
It's in fear when people show what they truly value.
  • #2,138
  • Dec 28, 2016 9:57pm Dec 28, 2016 9:57pm
Quoting Sajid
{quote} Dear no particular strategy. Just closing the loosing trades early and letting the profits running and multiple positions. Closing all the positions if the profit level or loss level meets. This produced to me wonderful results.
How and when do you enter multple positions ? how far will you let profits go before adding more on what timeframe and so on ? How many positions do you devide your risk placement on ?

Best regards
  • #2,139
  • Dec 28, 2016 10:47pm Dec 28, 2016 10:47pm
Quoting jgadefelth
{quote} How and when do you enter multple positions ? how far will you let profits go before adding more on what timeframe and so on ? How many positions do you devide your risk placement on ? Best regards

How you enter ?: Sorry, I will not explain in open. But i will let you know that it's an EA which makes the decision but i only let EA to run on appropriate times.
How you enter multiple positions? : I use the a concept; Risk the earlier trade Profit in the next trade. When earning some certain amount of pips on 1st trade then initiate the second trade and Its SL would be same as Profit of first. And So on and on. Remember in this case our risk is same as the first trade but we increased the expected profit magnitude.
i.e Your Profit Magnitude = No. Of orders running X Risk of First Trade
Loss = First trade loss
This also answers your Risk placement question.

what timeframe you use: Since time frames are useless in my opinion so i do not use any particular time frame in decision making. If something means a little to me that Daily and Weekly timeframe but i don't make my entries on these times. They are only referred for deciding the trade direction.

I hope, I have answered your questions.
Forex; the game of movements not the game of candles.
  • #2,140
  • Dec 29, 2016 12:03pm Dec 29, 2016 12:03pm
Quoting Sajid
{quote} How you enter ?: Sorry, I will not explain in open. But i will let you know that it's an EA which makes the decision but i only let EA to run on appropriate times. How you enter multiple positions? : I use the a concept; Risk the earlier trade Profit in the next trade. When earning some certain amount of pips on 1st trade then initiate the second trade and Its SL would be same as Profit of first. And So on and on. Remember in this case our risk is same as the first trade but we increased the expected profit magnitude. i.e Your Profit Magnitude...
If i understand it you have many small losers ? And even more breakevens ? You need a trend with shallow pullbaks so your stops dont get hit. How many positions can you have at one trade ? you go for a target of 1:2 ? or you disregard this and add more positions so after 3 of your positions move in your favor your add another one and so on ?


Best regards
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