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Risk and Rewards

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

I trade Forex using my Bollinger Trend PRO mt4 indicator.
growthera
Feb 24 2015 at 10:13
posts 86
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
posts 471
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.

Cuong Truong (Cryptocurrency)
Feb 25 2015 at 07:44
posts 178
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
posts 86
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?

Cuong Truong (Cryptocurrency)
Feb 26 2015 at 15:52
posts 178
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.
Chistopher Robin (ChrisMuzhik)
Feb 26 2015 at 20:16
posts 65
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
Cuong Truong (Cryptocurrency)
Feb 27 2015 at 07:23
posts 178
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.
Cuong Truong (Cryptocurrency)
Feb 27 2015 at 07:24
posts 178
Add it before or After Gain %

I trade Forex using my Bollinger Trend PRO mt4 indicator.
alexforex007
Mar 02 2015 at 11:04
posts 774
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.

Ben Nathan (BenNathanFX)
Mar 02 2015 at 13:26
posts 137
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
Mar 02 2015 at 19:09
posts 631
@BenNathanFTA - perfect .looking good but you may want an ECN broker because InstaForex is a no no for news trading

Ben Nathan (BenNathanFX)
Mar 03 2015 at 07:26
posts 137
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
Alfred (comeinvest)
Mar 06 2015 at 12:20
posts 17
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.

Ben Nathan (BenNathanFX)
Mar 06 2015 at 15:19
posts 137
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
Andrey Mikhaylovskiy (MTexpert)
Mar 06 2015 at 17:09
posts 90
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.
Alfred (comeinvest)
Mar 06 2015 at 17:20
posts 17
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.

Андрей
Kuzma_ua
Apr 02 2015 at 23:17
posts 56
alexforex007
Apr 06 2015 at 09:35
posts 774
I try to stick to at least a 1 to 1 risk/reward.

Ben Nathan (BenNathanFX)
Apr 07 2015 at 07:48
posts 137
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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