Thanks Guys...Actually I do fair trading.Ok let me explain it.Now I think eurusd is strongly up trending and up coming news in possible site.I took 10 pending trade by analyzing my system.So if I was right the trend is strongly gonna the way I thought than it ll hit all 10 of the pending order.Where 80% should be win cause its doing what i expected.Like I have 300 pending order but may be 50-100 ll hit.But if market gonna hit my pending order it ll hit 10 of them.So 80% ll win cause I am not chasing the market.but if the market move where I expected then than I ll get profit.So mathematically I am having 10% winning on my expectation on market movement but this expectation led me 80% successful on winning.Hope u guys are clear about my system now.As why 5 pipe tp and 15 pipe sl always works for me.
I'd really like to understand your strategy, but am not able to follow your explanation.
Maybe I'm getting something wrong, English is not my mothers tongue.
Therefore it would be nice, if you could clarify my questions below:
- 'So 80% ll win...'
where do you get this number from? Is it pure guesswork, did you backtest, ...?
- 'As why 5 pipe tp and 15 pipe sl always works for me'
you are trading four different pairs, each with its own characteristics.
How can you be sure, that your fixed sl and tp will 'always' work?
- taking your numbers, you're opening trades with a risk to reward of ~2.5:1.
So, you should, at least, win 60 % of your trades, to be profitable in the long run.
Imagine switching from your demo to a real account and consider your small pips target:
aren't you afraid, that slippage, widened spread, requotes, limited lot sizes, brokers games, etc. will kill your edge?
If no, then why not?
Thanks for ur reply.
1st of all lets talk about 80% + success rate.Obviously I have back tested all the major pairs and result was above 80% + winning.
Now get practical, 8 win with 5 pipe total=40 pipe and 2 loss with 15 pipe=30 so profit is 10 pipe.So luck cant turn 10 pipe profit into 1 m all the time.My point of view is if any strategy can make 1m in any market condition with solid basic condition like 5 pipe profit with 15 pipe sl is really worthy for forex trader.U ll not get anything like this so often.
2nd of all when I take a trade I dont manipulate tp or sl from default.So when I take a trade on current price it ll close after 5 pipe tp or 15 pipe sl.No matter is it demo or real.Only matter is the current price I took the order.Broker has to manipulate the slippage on execution time.Like I took the order on 1.08633 and broker gave me 1.08643 like that.But U know what I backtest my system with 10 pipe profit with 15 pipe sl and result was 80% + winning.And i minimize 5 pipe tp cause If broker manipulate execution price there is on way slippage could be more than 5 pipe average.So if I take the order on 1.08633 and broker give me 1.08683 I can still win it by 5 pipe.Cause I took the order on the time where 10 pipe profit could be easily possible.
Finally I am trading with the 80% + winning strategy more like than 3 years with my sexobank and dukascopy with ctrader.But I have improved it in the mean time so my system is more profitable than before when I started at the beginning.As why I know it ll work 100% all the time. Cause odd market situation pay me more than good market situation on my strategy.Actually I can define which market condition suite my trading and I do most on that time.
If I am wrong with any condition I explain above than it is impossible for me to gain 10% a day even I could have lost all my capital.Now u think if u can trade like me is it impossible for u to make 10k per month on regular base????