Realistic VS Fantasy -
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thread: Realistic VS Fantasy

  1. #11
    In the event you exchange pairs which typically highly correlated, you'd wind up that in effect you simply trading with dual risk, with small additional advantages apart that.
    A fantastic system do not necessarily need to rely on trading many pairs. One pair with decent range may provide you with all that you want. Select too many, and you'll be too busy calculating your account's total risk any time.
    The time being you have open positions in EJ, EChf, EG, EU. . .all buys. . .all determined by the Euro's weakness now. It is not that different from having only EU trade with 4x risk.

  2. #12
    Junior Member jmr712's Avatar
    21
    should you trade pairs which usually highly correlated, you'd wind up that in effect you just trading with double risk, with small added benefits apart that. A good system don't always need to rely on trading several pairs. One pair with range can give you all that you want. Select too many, and you will be too busy calculating your account's total risk any time. Now you have open positions in EJ EG, EU. . .all buys. . .all determined by the Euro's weakness now. It isn't so different from having only EU trade with 4x...
    awesome explanation thax a lot

    Even then I got adequate pips

    EUR/JPY 16
    EUR/CHF -20
    EUR/GBP 15
    EUR/USD 45

    It seems EUR was strong last moment

  3. #13
    Surprise!
    You appear to do better!
    Do you adjust at some stage the SL to BE? For instance, current trade, GU, it would appear that you're at 60 pips, but SL the original ( now 100 pips) vs. TP being just 40 pips away. . .the R:R has changed, and this stage a BE ( or BE X pip) SL could be a fantastic move!
    As for the ROE part...
    If you risk 1 percent of account per trade, your yield would seem better, while the risk nonetheless ought to be right in the approved 1-2percent per trade.
    Say, on current GU trade, if initial risk 1%=40 pips, your TP would be hitting 2.5%=100 pips. Not bad for a trade! Or a day's result, or perhaps for a week's!!
    Because your demo has account dimensions secured, cant calculate...
    However, as an example, if you have a 1000$ account...
    Initial risk 1 percent /trade. . .10$/trade on such balance....
    In this GU case given the 40 pips initial SL. . .your trade size ought to be 0.025 lot.
    In turn when the trade goes to TP, you win your 100 pips or 25$ ( or 2.5%) in this example.

    Depend on initial SL distance, you need to be able to work out your position dimensions.
    With your 2-2.5 R:R, you have to be right just 40-50percent of the time, and your account will grow consistently.
    I understand, in case of a 100$ account these risk 1 percent does not look sexy, and honestly such trading cant be really executed on a single account, unless a penny account. . .and the gains are not mind blowing in the end.
    This is the reason why important to work first to have the ability to begin a little larger, thus you may place less pressure on yourself to earn $$$ too, and may stick to trading.
    In the event of 1000$ account, 40% Win rate, your R:R 2.5 ought to be looking like this:
    Reduce 6 times 1 percent (10$/trade)= -60$
    Win 4 times 2.5percent (25$/trade) = 100$
    expected gain 4percent or 40$.

    You still concentrate on the pips, the right R:R, the good cash management. . .but will/should follow. It is not rocket science, but it is your mind to place the right direction!

  4. #14
    Junior Member jmr712's Avatar
    21
    Surprise! You appear to be doing! Can you adjust at some stage the SL to BE? For instance, current trade, GU, it would appear that you are in 60 pips, but SL the first ( currently 100 pips) vs. TP being only 40 pips off. . .the R:R has changed, and this stage a BE ( or BE X pip) SL could be a great move! In terms of the ROE part... In case you risk 1% of account per transaction, your yield will look better, although the risk still ought to be right in the accepted 1-2% per trade. Say, on current GU trade, if original risk 1%=40 pips, your TP will be hitting 2.5%=100 pips....
    Need to use trailing SL... I was outside missed the chance today its only 28pips

    anyhow... system Need to work thats it

  5. #15
    quote have to use trailing SL... I was outside missed the opportunity today its just 28pips anyhow... system have to work thats it
    it all comes down to probabilities, and money management.

  6. #16
    Junior Member jmr712's Avatar
    21
    quote it comes down to probabilities, and money management.
    You're the way straight from the start trader34

    DEMO account resembles a roller coaster you really going no where no feelings whatsoever...

    Launched real account from right today

    Must have hear you big bros from the beginning

  7. #17


    Good decision.
    However much demo success (or failure) you've got, it will never be just like making actual decisions with real money, regardless of what your starting balance.

    Good luck with the new account.

  8. #18
    Glad if you think any comments were helpful, after all.
    Just like to remind you, that the attached demo had the past few trades appear to lose the Rratio from sight. . .don't!

  9. #19
    Junior Member jmr712's Avatar
    21
    glad if you think some comments were useful, after all. Just like to remind you, that the attached demo had the past few trades appear to lose the R:R ratio from sight. . .don't!
    heheheh... I lost patience

    appears like systematic trading is not my style... I cant stand with it for quite long... it proved itself that the MOST perfect one

    thats why started my previous style

  10. #20
    quote heheheh... I lost patience appears like systematic trading isn't my design... I cant endure with it for quite long... it proved itself the MOST perfect one thats why began my previous design
    it's your choice what you would like to finally possess with forex trading...
    1. Make money with a way that appear to work to make money, though maybe considered dull ( I am in this now)
    2. Have fun with action, just like casino, though that already prove one to lose your money. ( I was in this earlier )

    at the end you'll receive out of trading what you wish for. Fun or money. You select.

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