Eur/usd

[cabletrader]

Quote from pericfa:

I can see that 7 times on the 2nd I reverse the position.
This is not a problem. It depends how much money do you have on your account and by the way...how many times in one year do you see a graph like that?

I dunno have a look, every day I expect.

It doesn't depend on how much money you have in your account though, it depends on percentages and win:lose and risk:reward ratios. A series of losses like in that example could wipe out numerous gains or a substantial percentage of your account.

 

[pericfa]

Quote from cabletrader:

I dunno have a look, every day I expect.

It doesn't depend on how much money you have in your account though, it depends on percentages and win:lose and risk:reward ratios. A series of losses like in that example could wipe out numerous gains or a substantial percentage of your account.

Yes, in this case there are numerous losses but the first position I open is 10000EUR/USD so when you lose 20 pips you lose only 20$.
First: -20$
2nd: -20$
3rd: -40$
4th:-80$
5th:-160
6th:-320$
7th:-640$

At point 8th I open a 640000EUR/USD position.

Let's do a test. Now it's about 1,47089.
Example:
I go short at 1,47089 with 10k
When it reaches 1,4727 open a long

Let's see what happens

 

[cabletrader]

Quote from pericfa:


Let's see what happens

Sure, do it for at least a year or 1,000 trades, then we can see what happens

By the way, what's your profit target for these 20 pip s/l trades?

My prediction, you'll have a series of trades where you run out of margin and get a margin call, either that or death by a thousand cuts!

 

[pericfa]

Quote from cabletrader:

Sure, do it for at least a year or 1,000 trades, then we can see what happens

By the way, what's your target?

For sure...let's see what happens before the end of this day.
When it go over 1,4747 or under 1,4688 we can close the trade. Example: 1,4757 or 1,4678

 

[cabletrader]

Quote from pericfa:

For sure...let's see what happens before the end of this day.

End of today? Why, are you planning on making 1,000 trades today with this 'strategy' :eek:

 

[pericfa]

Quote from cabletrader:

End of today? Why, are you planning on making 1,000 trades today :eek:

I wrote:

"Let's do a test. Now it's about 1,47089.
Example:
I go short at 1,47089 with 10k
When it reaches 1,4727 open a long"

So now I've close the short cause it reach 1,4727 and I'm long with 10k.
Just 1 reverse position until now and 20$ loss

 

[pericfa]

Quote from pericfa:

I wrote:

"Let's do a test. Now it's about 1,47089.
Example:
I go short at 1,47089 with 10k
When it reaches 1,4727 open a long"

So now I've close the short cause it reach 1,4727 and I'm long with 10k.
Just 1 reverse position until now and 20$ loss

1,4757 reached. We can close and open another position. long or short as you want.
By the way today just one reverse position not 1000

 

[cabletrader]

Quote from pericfa:


By the way today just one reverse position not 1000

lol, exactly my point

If you're going to back/forward test your idea then you need to do it across a significant sample size, a few trades isn't going to be enough to reach any meaningful conclusion.....