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Contest - riyaz22 Discussion
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Member Since Jun 25, 2010 58 posts
Max (hwlm)
Jun 10 2012 at 15:08
The only way to make money consistently from trading is to think for ourselves. If we allow others to think on our behalf, we will soon realize that we will be back to square one when they stop giving us signals.
Trade safe, and preserve your capital :) |
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Member Since Oct 24, 2011 13 posts
pitagora
Jun 10 2012 at 20:55
alex4xes posted: profix, negative pips balance positive pip is profit, that how it will be, no trader in the world can have only positive pips. But money management is also decided by the pips in risk & potential pips that one can win. You determine tradable lot size depending on your % of equity & pips in risk....Net pips gained is what good & professional traders will look for...Iam amazed with your statement that PIPS are not important. for example, if you have $1000 & you are willing to risk 2% of your balance then its $20. Then you have to decide your SL in pips for determining the lots not your lots to determine your SL pips...If you have logical SL level & pips to that SL is 20 Pips then you can trade 0.1 lot as your money management has granted. Hope this helps you to know the importance of PIPS in money management Cheers Alex, You are trying to convince more experienced people that you are right and they are wrong, while you don't understand the fundamentals of long term profitability. You don't even realize how much marketing, Wikipedia articles and EAs written by armatures have affected your thinking when you are talking about fixed 2% risk and fixed SL. Any truly long term, robust strategy, that will not have it's edge wiped out in a year or 2, should adapt the SL based on market conditions at the time. The most common method is based on ATR. Look it up. If SL/TP changes, then so should the lot sizes. There lots of EAs/strategies that can have negative pips with lots of profits. It's all about positioning, and confidence in that specific trade. For me, talking about pips is pointless and a waste of time. It only makes sense if all your trades are of the same size, and if this happens I can tell you, you are doing it wrong. |
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Member Since Aug 22, 2009 186 posts
youngchang
Jun 11 2012 at 03:08
Hey,
Where is your stop loss for your demo account 3831783 which your send signal to subscriber? Now you have 4 short positions for AUDUSD that pretty bad drawdown. Thanks. |
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Member Since Jun 23, 2011 35 posts
riyaz22
Jun 11 2012 at 03:48
10pipes above 1.0050
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Member Since Dec 12, 2010 7 posts
Alex (alex4xes)
Jun 11 2012 at 09:12
pitagora posted: alex4xes posted: profix, negative pips balance positive pip is profit, that how it will be, no trader in the world can have only positive pips. But money management is also decided by the pips in risk & potential pips that one can win. You determine tradable lot size depending on your % of equity & pips in risk....Net pips gained is what good & professional traders will look for...Iam amazed with your statement that PIPS are not important. for example, if you have $1000 & you are willing to risk 2% of your balance then its $20. Then you have to decide your SL in pips for determining the lots not your lots to determine your SL pips...If you have logical SL level & pips to that SL is 20 Pips then you can trade 0.1 lot as your money management has granted. Hope this helps you to know the importance of PIPS in money management Cheers Alex, You are trying to convince more experienced people that you are right and they are wrong, while you don't understand the fundamentals of long term profitability. You don't even realize how much marketing, Wikipedia articles and EAs written by armatures have affected your thinking when you are talking about fixed 2% risk and fixed SL. Any truly long term, robust strategy, that will not have it's edge wiped out in a year or 2, should adapt the SL based on market conditions at the time. The most common method is based on ATR. Look it up. If SL/TP changes, then so should the lot sizes. There lots of EAs/strategies that can have negative pips with lots of profits. It's all about positioning, and confidence in that specific trade. For me, talking about pips is pointless and a waste of time. It only makes sense if all your trades are of the same size, and if this happens I can tell you, you are doing it wrong. Pitagora, Agreed with your thoughts & thanks for sharing the knowledge but I want to correct you with your thinking about me. I never said that I am right & others are wrong, if you go through my previous comment you can see I have clearly mentioned that this is how I know & if you know anything better I am ready learn. I have never claimed I am genius as I am not. I have started new & working hard to make it a profession, so any good thing, I am ready to learn. You are absolutely right, I trade fixed lot most of the time with fixed SL & I am doing pretty good with my strategy, I am thinking if I would have applied MM as you mentioned than I would have profited in many folds, thats interesting. So if you want to share more & help me, I am all ear here to learn from wise people. Thanks for your words. Cheers To achieve all the goals successfully. |
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Member Since Jun 25, 2010 58 posts
Max (hwlm)
Jun 11 2012 at 09:19
Alex,
I admire your openness in sharing your opinion :) Agree with Pitagora. Lot sizes should not be fixed. It should change in tandem with the current market volatility. And fixed SL may not be a good idea either. Consider this: If market is always changing, and never the same, then how can we traders apply our rigid mindsets and methodologies? |
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Member Since Aug 31, 2011 5 posts
低调 (309200715)
Jun 16 2012 at 09:52
这策略一开始就使2个25手仓位，好强劲的资金使用方法，而第二名则是使用5标准手开始交易的，如果说第二名也使用50手来开始做的话，好容易把第一名变成第二名了，呵呵。
谦虚面对世界 赚钱分一点给我^--^ ! |
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Member Since Aug 08, 2011 22 posts
jaydee
Jun 29 2012 at 17:57
666% drawdown, thats gotta hurt your PAMM subscribers.
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Member Since Jun 24, 2011 3 posts
PCWalker
Jun 30 2012 at 09:05
Well no one is perfect... Only those that see perfections in imperfections.
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Member Since Oct 05, 2009 33 posts
fxbook89
Jul 01 2012 at 02:40
All Money lost in PAMM at http://pamm.hotforex.com/managerdetails/?l=58974123512456235459666&usermode=0
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