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Risk and Rewards

Cryptocurrency (Cryptocurrency)
Feb 24 2015 at 07:49
178 posts
What is your risk and reward strategy?

I trade Forex using my Bollinger Trend PRO mt4 indicator.
growthera
Feb 24 2015 at 10:13
86 posts
I do not know if you can call that a strategy, but for me to open a trade there must be a 2:1 potential. To achieve that, I only strive for a 50% winning trades.

frank
RedRhino
Feb 24 2015 at 12:53
471 posts
I only risk 1 to earn 1+. Sometimes I don't get the 1+ and maybe only 0.5. More importantly, I only can lose 1 while I can earn more and that is the whole strategy in a nut shell.

Cryptocurrency (Cryptocurrency)
Feb 25 2015 at 07:44
178 posts
Does myfxBook have a feature to analyze the portfolio's risk and reward?

I trade Forex using my Bollinger Trend PRO mt4 indicator.
growthera
Feb 25 2015 at 08:30
86 posts
all you have to do is divide average win by average loss available in the Advanced Statisitics /Trades tab, or do you mean something else?

Cryptocurrency (Cryptocurrency)
Feb 26 2015 at 15:52
178 posts
I'm saying it would be great if myfxbook add a function to automatically show Risk & Reward for each position closed.

I trade Forex using my Bollinger Trend PRO mt4 indicator.
ChrisMuzhik (ChrisMuzhik)
Feb 26 2015 at 20:16
65 posts
growthera posted:
I do not know if you can call that a strategy, but for me to open a trade there must be a 2:1 potential. To achieve that, I only strive for a 50% winning trades.

50% win is good, if TP more than SL. There are a lot of successfull scalping strategies where TP less than SL, and people earn big money. Anyway there is also spread and commission so hope for 50% its too poor I think

There can't be enough money
Cryptocurrency (Cryptocurrency)
Feb 27 2015 at 07:23
178 posts
The Risk & Reward ratio should show number similar to 1:3
meaning it will calculate how much the stop loss is, and how much the take profit or closed trade value. Then display a ratio 1:2, 1:3, 1: 4, ect...

If no value of stop loss is entered in the trade, then it will display N/A


I've attached a picture to show you where to add Risk & Reward ratio for each trade.

Attachments:


I trade Forex using my Bollinger Trend PRO mt4 indicator.
Cryptocurrency (Cryptocurrency)
Feb 27 2015 at 07:24
178 posts
Add it before or After Gain %

I trade Forex using my Bollinger Trend PRO mt4 indicator.
alexforex007
Mar 02 2015 at 11:04
774 posts
Most trading manuals and books out there recommend using a 1:3 risk reward ratio, but the truth is that the market will no always give you that chance, so I will go for a 1:1, but sometimes I may get the opportunity to go for 1:2 and rarely a 1:3.

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