Dislikedend results so to speak. I guess it is no good to miss entering set ups.Ignored
But if you have a low win-loss and high R:R, then it matters a lot.
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Dislikedend results so to speak. I guess it is no good to miss entering set ups.Ignored
Dislikedit depends, if you have a high win-loss and low R:R, then missing setups doesn't matter so much.
But if you have a low win-loss and high R:R, then it matters a lot.Ignored
Dislikedyeah, with my main strategy I am not allowed to miss any trades. Otherwise the system will be a net loser.Ignored
Dislikedyeah, with my main strategy I am not allowed to miss any trades. Otherwise the system will be a net loser.Ignored
Disliked[i] am thinking of what I am doing on demo.
I take every set up aand let it run. already explained. tak profit always at least 1.5 bigger than stop loss to maximum 3:1. close profitable trade if no take profit by the end of the day. Ibut size and risk on demo is too much but it looks like it works even having so many trades as set ups are on higher TF. I am thinking how to incorporate it into live trading with reduced risk. I fee uncomfortable to risk more than 2%, usually 1% per trade and unlike demo my size on Live is according to stop loss....Ignored
Dislikedobviously with 10:1 R;R you cannot miss. But you can be quite liberal with your entries.Ignored
Dislikedbtw, are you using blackberry or other similar device to monitor and enter trades? I am thinking of getting one.Ignored
Dislikedwell, the try on demo if changing the size according to stop loss will affect your bottom line.
Cause at one point a peak in profitability is reached and then it will drop again. So you need to see if you are already at the peak and if adjusting size according to stop loss makes sense.Ignored
DislikedI will try it. but risking 2-3% per trade live and having many them looks scary.Ignored
DislikedJames doe snot say wait for retracement on PB but it is his usual topic.
here he mentions waiting for retracement:
http://www.forexfactory.com/attachme...8&d=1119067374Ignored
Dislikednope, many winning trades shoot right through and don't retrace back.
Cause essentially you want to have momentum behind the trade, otherwise the probability will be lower that the trade will work out.Ignored
DislikedHi ya Custos..
When your saying momentum behind the trade, are you saying if the trade starts to trade in a range for to long compared to the TF, the BPC can fail and could reverse in the opposite direction of the trend..
Cheers,
AdrianIgnored
Dislikedno, I am not monitoring trades. I just look at the charts 10 min a day and make my trading decisions.
Also I automated a strategy with positive expectancy. So that also saves me a lot of time in front of the screen.Ignored
DislikedHi ya Custos..
I was wondering how do you go about this as in Hectors course he says you should be watching the trade after you've put it on where as myself I now prefer to walk away from the screen as my phsych will kick in and I could easily fiddle with the trades stops/profits/targets and cost me I feel most times..
Are you generally trading off the 4hr/Daily TF's and trade off end of day?..How do you manage the trade once your in it?..
Thanks for any help with this..
Cheers,
AdrianIgnored
Dislikedyeah, since I am just trading the higher time-frames, I don't have to watch the trade very closely, looking at it once a day is enough. Generally, I want to see a large push during london/ny session. If I don't see that on the day of entry, I am closing out my trade.
Time-stops are pretty much key I would say. But I rarely these days move stops to b/e or trail them. My backtests just showed that the results will become less favorable.Ignored
Dislikedno, I never said anything about 2-3% per trade.
I just said, if you used fixed size in demo, you should not change it into variable size live.Ignored