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Trade small to win

CuongVC (CuongVC)
Jun 04 2010 at 14:52
237 posts
Now we are in the same pace.

So we can see that the restart every month (or every certain time length like 2 months, 3 months,...) is important because if we don't, one day the 99% DD will blown all the gain previously achieved.

I recommend you restart it each month. That means, if it gain, withdraw all the gain AND if it lose, deposit more fund equal to the loss amount to keep the start balance the same number every month.

Good trading.

If you can prove that you can make money grows, tons of money will flow to you.
ForexSeeker (ForexSeeker)
Jun 04 2010 at 15:16
814 posts
I had also downloaded many manual trade system.

But as not a full time trader, I have no time to research and sit tide to wait for a trade.

So what system you have try out before and which system is your favorite ?

Do you have some shortcut EA, that can change all TP at a single click or open order and close order at a single touch ?

Information is Gold when come to organised.
CuongVC (CuongVC)
Jun 04 2010 at 16:19
237 posts
I have been trading from June 2006. Trade and learn, try, create system, refine them,... I am still always improving my skills/knowledge. I like to disscuss about strategies.

The more I stay with this forex thing the clearer everything is and the surer I can be a long term winner. I have managed accounts too.

The market is so dynamic, the price movement has so many parameters and each parameter vary in so wide range.... that is why we have to be flexible. There is no fix trading style that can be a winner all the time. We need to apply different style in diferent market condition and account condition.

This is not easy... if we want to gain big consistently. But to gain consistently small like 2-3% per month is very easy and that is why I am now focus on this approach.

I have also make a lot of Expert Advisors, Custom Indicators and Scripts for MT4 platform. What you ask about 'some shortcut EA, that can change all TP at a single click ...' is very possible/easy to me.

C

If you can prove that you can make money grows, tons of money will flow to you.
ForexSeeker (ForexSeeker)
Jun 04 2010 at 17:27
814 posts
So you are a full time trader. How you manage account ? Through PAMM account or base on trust of profit share out?

You have any profitable EA that can run over a years without MC ? You make so many EA to sell as commercial too ?

Information is Gold when come to organised.
CuongVC (CuongVC)
Jun 04 2010 at 18:37
237 posts
I am not a full time trader but I spend many hours a day on forex.
I created many EA/Custom Indicators/... for myown. I have never selled one but may be this is a new way to have some snacks and/or helping others or meeting people with the same interest.

C

If you can prove that you can make money grows, tons of money will flow to you.
Spyfrat (Spyfrat)
Jun 05 2010 at 17:52
52 posts
i know the feeling. small and being consistent is the key and not big for a day. i know a friend who let a guy with no knowledge in forex/stocks whatsoever trade his account. he just follow the signal, that's it.

God is great all the time
CuongVC (CuongVC)
Jun 06 2010 at 06:31
237 posts
Continue my thoughts...

How to get 1% gain per month? (We start at a very modest goal first, then we will find a way to improve it later)

It can be one of many combinations of number of trades, pip gain per trade and pip value %, for example:
1/ Pip value %= 0.01%:
 1.1) 1 time x 100 pips x 0.01% per pip. or
 1.2) 2 times x 50 pips x 0.01% per pip, or
 1.3) 5 times x 20 pips x 0.01% per pip, or
 1.4) 10 times x 10 pips x 0.01% per pip, or
 1.5) 20 times x 5 pips x 0.01% per pip,
...

or
2/ Pip value % = 0.05%:
 2.1) 1 time x 20 pips x 0.05% per pip, or
 2.2) 2 times x 10 pips x 0.05 per pip, or
 2.3) 5 times x 2 pips x 0.05 per pip

or
3/ Pip value % = 0.1%:
 3.1) 1 time x 10 pips x 0.1% per pip
 3.2) 2 times x 5 pips x 0.1% per pip

Note that mode (1) can sustain bigger unrealized pip loss, meaning a 1000-pip move against the account only make 10% drawn down, while mode (3), that 1000-pip move can cause 100% DD meaning dead.

But, we have to be right many times in mode (1) to achieve that 1% goal. So what mode or what combination is easier to achieve? I am thinking we have to predict before we start a new cycle (in this case: a month) that 'this month it will be trending' or 'this month it will be ranging'. I think a prediction like trhat is easier than like this: 'to day it will go up' or 'today it will go down' or even smaller time frame and focusing on up or down.

If we think it will be ranging we can have many small win (like (1.4) or (1.5) combination). If we think it we be trending (breakthrough) then we can wait after the break and enter bigger lot size like 0.05% per pip and see if is right. If it is not right, we have to take action fast because with bigger lot the DD grow fast.

I like the idea that we start each cycle with small pip value then when the market reveal itself more, we gradually take action accordingly.

(There are so many thoughts in my head that I need to organize so that I can have a well-developed strategy before I put it in an EA)

If you can prove that you can make money grows, tons of money will flow to you.
SIM
pip2cash
Jun 06 2010 at 06:47
423 posts
hi,

My personal view. In forex investment, 1% per month are too small. with this return not worth the risk.

SIM

CuongVC (CuongVC)
Jun 06 2010 at 06:56
237 posts
pip2cash posted:
    hi,

My personal view. In forex investment, 1% per month are too small. with this return not worth the risk.

SIM

I also think so. The reason I use this small number is to say that you can be a winner longterm. There are so many traders that target on high return and loss loss loss long term. The more they try to win back fast the faster they lose more.

I didn't agree with the second part of your statement: '... with this return not worth the risk' because the risk is very small to almost none with this 1% target, small position size.

I will not base on this 1% only, my target is 5-8% per month consistently but I take a very small return as a goal for my plan first so that I have a plan that work 100% first, then improve it later.

If you can prove that you can make money grows, tons of money will flow to you.
SIM
pip2cash
Jun 06 2010 at 07:06
423 posts
hi,

5 - 8% consistent is very resonable, my personal view again, with 5 to 8% the DD should always below 20%. If it is higher than 25% then again it is not worth the risk. Meaning need to tune the system or MM.

Regards,
SIM

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