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14 winners in a row
- Thread starter drasfs
- Start date
well there are only two ways the price can move, so there is a 50% chance it will go that way.Quote from drasfs:
well, what do you people believe is my win ratio. Do you think it is 50%?
However, if you are trading with a 3 pip spread then a 10 pip loss is only a move of 7 pips while a 10 pip gain is a move of 13.
so if you are taking 4 pip profits but taking 7 pip losses, you will suffer gamblers ruin eventually.
Quote from bugscoe:
With your gearing, what happens if you have 14 losers in a row with a 10pip stop loss? You're down $3500...wait, you only have $2500.
Looks like game over.
well, since there about 4800 dollar in that account as a result of this profit, i would have to lose at least 20 times in a row now to blow out the account =)
Quote from Econmajor:
well there are only two ways the price can move, so there is a 50% chance it will go that way.
However, if you are trading with a 3 pip spread then a 10 pip loss is only a move of 7 pips while a 10 pip gain is a move of 13.
so if you are taking 4 pip profits but taking 7 pip losses, you will suffer gamblers ruin eventually.
Well my tp obviously depends. As you see, i got about 55 pips on one trade, 12 on another one. And by the way, my winning ratio is not 50%, but rather 90%
But really. Do all of the people here really believe that it was 100% luck? No skill?
And ive a different perspective when it comes to leverage. 2500 dollar is just a portion of the money that ive put aside for trading. Say that i have 10 million dollar, then 2.5 lot is a tiny amount. A 10pip loss, would be 0.000025% of my money.
I think people here are focusing too much on the leverage. What really counts are the pips gained, which is the real performance.
And ive a different perspective when it comes to leverage. 2500 dollar is just a portion of the money that ive put aside for trading. Say that i have 10 million dollar, then 2.5 lot is a tiny amount. A 10pip loss, would be 0.000025% of my money.
I think people here are focusing too much on the leverage. What really counts are the pips gained, which is the real performance.
Quote from diligent:
that is excellent performance.
just be careful of euphoria - certainly dont ramp up size for at least 3 months i would think.
congrats!
so what can you tell us about this system - anything interesting?
yes, bring him the finest meats and cheeses! =)
funny ^
Yeah I could.
The system is focusing on minimizing risks, which are done by:
1your position should only be exposed for a short amount of time,before closing it. You either timed the entry right or not.
2Never have a position open during an economic announcements,even smaller ones.
3Rangetrading is favourable.Trending markets does also work. If the trend is up, buy the currency when it has moved down for a while. Never go the opposite direction, and always wait until it is oversold.
4If you expect, the trend to go up, and say it has gone up 8 pips in your direction, close your trade, and by at 2 if it goes down to that point. Because a currency will never go up in a straight line,but will usually sicksack.
5 You should always make a partial position. this is a great way to increase the probability to profit.
6 Stoplosses, are usually at ten. However, say that i bought at 70, and it goes down to 58 in speed, i would close my position if the currency goes up to 64 for instance. I close the position after it have retraced back a bit again. I think this is a crucial thing, and that there are more to it than meets the eye.