SharePosts by PiP_Rider
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I think the 100% is a double edged sword. It's forcing you to trade better. It's like taking a 30mph curve at 100mph, just trying it makes you a hell of a lot better driver! The flip side is that the pressure to perform or die adds so much more pressure to the task that it may be whats causing you to crash, not the level of your driving skills. (You know sweat rolling down your face and all may be whats keeping you from seeing clearly). If you do it you'll be legendary. However, If you can even do a consistent 70% to 75% you'll be very wealthy.
What about, just doing 4 or 5 like you di......
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Psy, Dude your a Kamikaze pilot, don't be so bummed when you crash your plane. I think what your doing is extraordinary and inspiring, not because I think you can really do it (Kamikaze's never took victory laps) but because your becoming an ace pilot.
AND because you are proving that you really CAN turn $500.00 into a million.
You don't need a 100% kill rate. If you only have a 75% win ratio (THATS 4 WINS TO 1 LOSS) you can do it with short stops and short gains. Did you know that with a 75% win ratio, 25 PiP gains, 25 PiP stops, risking 10% of your account you can turn $500.00 in to $1,......
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[quote]psymon posted:
this time i didn't include the longer time frame charts, I was too focused on the short term trend line and i 'expected' there to be a third bounce, instead of checking all of my charts i got fixated on one signal
<quote=psymon>
I sounds like a custom indicator could really help you more than an EA that places trades. If we developed an indi that basically said "GO or NO GO" on ALL of the indicators you use to validate entry I think it could help a lot. It would help to keep you from forgetting to check one of your critical indicators. It seems......
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Hey guys,
This sounds way to fun. I’d love to help in any way I can. I have 5 years of tick data from Dukascopy that will give us 99% modeling quality and I’m willing to do as much testing as needed. I also have a substantial amount of code libraried that may help. Plug in type stuff.
I’ve been working on an EA I call PerfecTrader for almost a year that has a similar strategy at it’s core; Small, highly leveraged trades with short stops that focus on very high probability. Not as high as 100% but over 75%. I’ve found that a “Kamikaze Trade” s......
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OK, that was totally awesome! A couple of questions;
1. In order to invest max lots you have to figure out how many PiPs negative you will allow the trade to go before you get a margin call. How many did you calculate it on, 25?
I did an EA that studied the win ratio on increased stop losses. (SL from 10 to 200 in 10 PiP increments) I plotted the win loss ratio on a graph. It made a beautiful parabolic curve. There was a dramatic increase in the win ratio at first and the it started to flatten out as the SL got larger. It would be interesting to see how much your odds would increase ......
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Compounding and proper money management will absolutely take you from a small account to a million dollar account. The numbers don’t lie! More importantly, Money Management is the easiest part of trading because unlike the market YOU have total control of it.
Taking an account from $1,000 to $1,000,000 is not difficult because of of Money Management. It’s difficult because of the disciple it takes to learn and develop a sound strategy, execute it flawlessly, and make consistent gains, (I.e more PiPs gained than lost over time). That can take years and thousands of hours of s......
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It appears to me that there are 2 critical parts of the equation missing in the calculation of risk management and compounding on this thread.
I believe that compounding is by far the most attractive part about investing in the Forex. However, I have found that very few traders calculate compounding or risk exposure correctly.
First, your investment in a trade should NEVER be based solely on x% of your portfolio balance. In the example given ( $1000 = .1 lot per trade = $1 = 1 pip after spread) you could be putting 30% of your account at risk in a single trade if your Stop Loss is set a......
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