Pips won vote results
Pips won Discussion
Apr 23, 2010 at 16:49
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8 Replies
Member Since Feb 16, 2010
1332 posts
Apr 23, 2010 at 16:49
I believe the way people can search the systems now is limited. We can search for systems by few criterias but I think most of the experienced traders miss the profit/loss in pips search criteria. We all know that DD and profit in % are just a function of profit/loss in pips multiplied by the risk. Right now the first places are taken either by Martingale systems(sometimes with negative results in pips) or system with small gains in pips but great profits in % because of the crazy risk management and leverage used. This change would give the visitors great functionality in the search.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Apr 24, 2010 at 19:55
I have the same type of situation. Consider the following:
If I go long 1 lot and it loses 100 pips, but go short 3 lots and it wins 50 pips, by a fixed calculation of pips, I'm down 50 pips. However I won $50 So in reality I should be showing a win of 50 pips overall. The calculation would be (3 * 50) - (1 * 100) = 50. Pip calculations should take lot sizes into account and I don't think they do.
If I go long 1 lot and it loses 100 pips, but go short 3 lots and it wins 50 pips, by a fixed calculation of pips, I'm down 50 pips. However I won $50 So in reality I should be showing a win of 50 pips overall. The calculation would be (3 * 50) - (1 * 100) = 50. Pip calculations should take lot sizes into account and I don't think they do.
The World's Currency Market is Our Oyster.
Member Since Jul 31, 2009
1444 posts
Apr 24, 2010 at 21:11
Thanks for the suggestion - we'll be adding the pips criteria to the search.
Member Since Feb 16, 2010
1332 posts
Apr 25, 2010 at 07:03
mlollar posted:
I have the same type of situation. Consider the following:
If I go long 1 lot and it loses 100 pips, but go short 3 lots and it wins 50 pips, by a fixed calculation of pips, I'm down 50 pips. However I won $50 So in reality I should be showing a win of 50 pips overall. The calculation would be (3 * 50) - (1 * 100) = 50. Pip calculations should take lot sizes into account and I don't think they do.
That's stupid and it's exactly the opposite of what I requested. Your profit is in money, and your result in pips is negative and should stay negative. Your profit comes from your martingale trading style and MM. If you use fixed lots your system will allways be losing, period. Martingale is and will allways be the shortest way to blown account.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Apr 27, 2010 at 15:01
It's not 'stupid'. You don't understand my system. It's not a martingale. Martingale increases lot size on losers until it wins. I use larger lots for only 3 progressions to make up for open losses, not closed ones and always close at a profit. I've been running for a year and haven't blown an account. I also do other tricks to make sure I don't lose in a cycle and also don't blow an account. Know what you are talking about before you judge. Maybe I misunderstood your search criteria, so I'll go elsewhere and post it separately.
The World's Currency Market is Our Oyster.
Apr 27, 2010 at 16:35
Time is more valuable than money. You can get more money, but you cannot get more time.
Member Since Apr 23, 2010
1 posts
Apr 27, 2010 at 18:44
Staff posted:do it soon. i cant wait.
Thanks for the suggestion - we'll be adding the pips criteria to the search.
Member Since Feb 16, 2010
1332 posts
Apr 29, 2010 at 09:10
(edited Apr 29, 2010 at 09:11)
mlollar posted:
It's not 'stupid'. You don't understand my system. It's not a martingale. Martingale increases lot size on losers until it wins. I use larger lots for only 3 progressions to make up for open losses, not closed ones and always close at a profit. I've been running for a year and haven't blown an account. I also do other tricks to make sure I don't lose in a cycle and also don't blow an account. Know what you are talking about before you judge. Maybe I misunderstood your search criteria, so I'll go elsewhere and post it separately.
Let's take a closer look at one of your systems: https://www.myfxbook.com/members/mlollar/splitdecision-sparen/14944
I asked myself why would you use custom start date on that one....
And it didn't take long to get the answer - in the past is suffered HUGE losses(see the attachment)!
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