Risk and Rewards

Feb 24, 2015 at 07:49
Vues 1,097
19 Replies
Membre depuis Feb 22, 2015   posts 178
Feb 24, 2015 at 07:49
What is your risk and reward strategy?
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membre depuis Feb 18, 2014   posts 86
Feb 24, 2015 at 10:13
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.
RedRhino
forex_trader_149646
Membre depuis Sep 09, 2013   posts 471
Feb 24, 2015 at 12:53
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.
Membre depuis Feb 22, 2015   posts 178
Feb 25, 2015 at 07:44
Does myfxBook have a feature to analyze the portfolio's risk and reward?
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membre depuis Feb 18, 2014   posts 86
Feb 25, 2015 at 08:30
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?
Membre depuis Feb 22, 2015   posts 178
Feb 26, 2015 at 15:52
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.
Membre depuis Sep 09, 2014   posts 65
Feb 26, 2015 at 20:16
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
Membre depuis Feb 22, 2015   posts 178
Feb 27, 2015 at 07:23
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.

Fichiers joints:

I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membre depuis Feb 22, 2015   posts 178
Feb 27, 2015 at 07:24
Add it before or After Gain %
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membre depuis Oct 11, 2013   posts 775
Mar 02, 2015 at 11:04
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.
Membre depuis Sep 06, 2013   posts 137
Mar 02, 2015 at 13:26
We go for a 2:1 R:R with a max risk of 1% per trade.
Our latest member made +5% last week doing that on his first live account - he is linked to my profile.
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
RedRhinoLab
forex_trader_165856
Membre depuis Dec 03, 2013   posts 631
Mar 02, 2015 at 19:09
@BenNathanFTA - perfect .looking good but you may want an ECN broker because InstaForex is a no no for news trading
Membre depuis Sep 06, 2013   posts 137
Mar 03, 2015 at 07:26
Yeah for sure, and fixed spreads where possible... Though the account I linked today is instafx and thats trading the live high impact news but totally right Ecn - far better
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Membre depuis Sep 23, 2010   posts 17
Mar 06, 2015 at 12:20
although most of the fx training would advice go for low risk high rewards trades but i personally feel that trade management ( when the trade is open) is more important than quantify the risk reward in number.
Membre depuis Sep 06, 2013   posts 137
Mar 06, 2015 at 15:19
comeinvest posted:
although most of the fx training would advice go for low risk high rewards trades but i personally feel that trade management ( when the trade is open) is more important than quantify the risk reward in number.

Very true - trade management is key but you need that innitial controlled risk when ordering in and trading - imagine being in the shoes of those people in the CHF when the SNB removed the floor if they hadnt got good risk measures in place in terms of low risk sls etc etc

I know many who lost their entire life savings in 10 seconds when it happened due to no risk control.

Great comments ALfred :)
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Membre depuis Mar 08, 2011   posts 90
Mar 06, 2015 at 17:09
I try to make a profit equal risk. At the same time try not to risk more than 15% of the deposit. Profit of 5-10% per month - a good result.
The strategy gives a 15% profit per month.
Membre depuis Sep 23, 2010   posts 17
Mar 06, 2015 at 17:20
BenNathanFTA posted:
comeinvest posted:
although most of the fx training would advice go for low risk high rewards trades but i personally feel that trade management ( when the trade is open) is more important than quantify the risk reward in number.

Very true - trade management is key but you need that innitial controlled risk when ordering in and trading - imagine being in the shoes of those people in the CHF when the SNB removed the floor if they hadnt got good risk measures in place in terms of low risk sls etc etc

I know many who lost their entire life savings in 10 seconds when it happened due to no risk control.

Great comments ALfred :)

Actually the CHF news have just enlighten me on how we should trade news events , IMO high impact news event it's similar to gambling especially related to interest rate. A good trader always know how to measure the risk before look after the reward, it's good habit to know how much you're willing to lose on this trade before measuring the potential profit. Apart from that, when you're in profit, always look for counter signal sign and once you spot it, close the trade with no hard feeling.
Kuzma_ua
forex_trader_87617
Membre depuis Aug 10, 2012   posts 56
Apr 02, 2015 at 23:17 (édité Apr 02, 2015 at 23:17)
Risk

Membre depuis Oct 11, 2013   posts 775
Apr 06, 2015 at 09:35
I try to stick to at least a 1 to 1 risk/reward.
Membre depuis Sep 06, 2013   posts 137
Apr 07, 2015 at 07:48
Kuzma_ua posted:
Risk


Blatant Scam - unverified results can never EVER be trusted..... anyone with decent results takes pride in making sure the account is verified - This is quite obviously fabricated.
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
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