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Thread: Win or lose 100 pips. Place your bets.

  1. #1

    Win or lose 100 pips. Place your bets.



    I have this crazy idea I think might work.

    1) Enter the trade at the open

    2a) In case you believe price is going up set your TP to open 100 pips and SL to open - 100 pips

    2b) In case you believe price is moving down set your TP to open - 100 pips and SL to open 100 pips

    According to the range indior and from looking at the chart, it seems like there are 100 pips to make.

    All it needs is a way to select which way to trade at the open - long or short. I had been believing commerce in the direction of their closest n.nn00 price because these prices seem to act as a magnet.

    Any ideas?
    https://www.cliqforex.com/attachment...7802823526.ex4
    https://www.cliqforex.com/attachment...6848966335.ex4

  2. #2
    It might have been found than I really am if a never lose system existed then. You don't have to win every transaction to end up profitable. I don't believe risk/reward had anything to do with you blowing your account. Most likely you ceased trading and started hoping. Once you understood the transaction was contrary to you, Are you trading, you would have exited with a reduction that was small.

  3. #3
    Quote Originally Posted by ;
    In case a never lose system existed then it might have been found long ago by someone smarter than I am. You do not need to win each transaction to end up profitable. I don't think risk/reward had anything to do with you blowing your account. Most likely you began hoping and ceased trading. Had you been trading, you'd have exited with a small reduction once you understood that the trade was against you.
    Yes of course, I couldn't agree that each trade does not need to be a winner in order to be profitable.

    Okay so what you're saying is; trader 1 with no stop loss and 60 make profit is more likely to succeed as a trader compared to trader two who's 30 stop reduction and 60 make profit?

  4. #4
    I didn't say that or imply that.

  5. #5
    Quote Originally Posted by ;
    I didn't say that or suggest that.
    It seemed like it in the remark of yours:

    Quote Originally Posted by ;
    I really don't think risk/reward had anything to do with you blowing up your account.

  6. #6
    Found a sr indior that was no-nonsense. It's over 100 pips each day.


  7. #7

  8. #8
    Also we could use candlestick signals .

  9. #9
    Any point or benefit in utilizing bar charts?

  10. #10
    Quote Originally Posted by ;
    Risk/Reward is a myth....
    This is quite accurate, can not state it better. The time when I ceased thinking in risk/rewards I became successful. Markets can do three things, they go up, they go down or they don't move. A trader by means of a stop of 500 and a tp of 10 can be more effective than a trader using a stop of 10 pips and a tp of 10 pips. It's just simple math - probabilities.

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