Is this confusing?
Rules for ElectricSavants new Cash & Carry (Retail Traders):
Rules for Cash & Carry (Retail Traders):
1) Start out with any amount of capital and try to find a dealer/marketmaker
that allows one-unit trade size trade tickets.
2) Open up three Charts, AUD/JPY, GBP/CHF, EUR/HUF and NZD/USD.
3) Enter AUD/JPY with 100 units per 1k in capital that you started with.
Enter the # of units in your spreadsheet in the "Base Proportion &
Increment Finder" section, to discover how many units you should enter the
other pair with. Go ahead! Enter all of them, according to the # of units the
spreadsheet tells you.
4) Use the spreadsheet here and look at the "Base Proportion & Increment
Finder", and enter in a limit order with the next average down entry at the
increment indicated (from the highest/lowest position you hold).
It's been easy so far, now lets continue:
5) If your entries become profitable, close them when you can take out
a losing entry at the same time.
6) If all of your positions grow to All be net profitable at the same time, then
simply take some profit and re-enter them, if there are no losers to take out.
Almost done, just some finishing touches:
7) The "Base Proportion & Increment Finder" is very important. It tells you
how to space out your "average in" orders. If there are any changes to your
highest/lowest held price then you need to adjust your limit orders.
8) Lastly, you can draw horizontal lines on your four charts to give you
a visual where your average trade price is compared to the current price.
You can find your average trade price in the platform.
I need Murtsy to simplfy this for me :0
Rules for ElectricSavants new Cash & Carry (Retail Traders):
Rules for Cash & Carry (Retail Traders):
1) Start out with any amount of capital and try to find a dealer/marketmaker
that allows one-unit trade size trade tickets.
2) Open up three Charts, AUD/JPY, GBP/CHF, EUR/HUF and NZD/USD.
3) Enter AUD/JPY with 100 units per 1k in capital that you started with.
Enter the # of units in your spreadsheet in the "Base Proportion &
Increment Finder" section, to discover how many units you should enter the
other pair with. Go ahead! Enter all of them, according to the # of units the
spreadsheet tells you.
4) Use the spreadsheet here and look at the "Base Proportion & Increment
Finder", and enter in a limit order with the next average down entry at the
increment indicated (from the highest/lowest position you hold).
It's been easy so far, now lets continue:
5) If your entries become profitable, close them when you can take out
a losing entry at the same time.
6) If all of your positions grow to All be net profitable at the same time, then
simply take some profit and re-enter them, if there are no losers to take out.
Almost done, just some finishing touches:
7) The "Base Proportion & Increment Finder" is very important. It tells you
how to space out your "average in" orders. If there are any changes to your
highest/lowest held price then you need to adjust your limit orders.
8) Lastly, you can draw horizontal lines on your four charts to give you
a visual where your average trade price is compared to the current price.
You can find your average trade price in the platform.
I need Murtsy to simplfy this for me :0
