DislikedMy first thought was, that your system doesn't use a stoploss because of the steady climbing balance curve you've mentionedIgnored
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DislikedMy first thought was, that your system doesn't use a stoploss because of the steady climbing balance curve you've mentionedIgnored
DislikedLike Iwjw, I thought you weren't using SLs either. Another aspect of systems with steadily growing balances and jumpy navs is small TP and large SL.
I see you got caught by the pip value error! I think this is first time I've read where someone had positive pips but negative account growth, lol. I've set Oanda at 50:1 leverage and 2% account usage per trade, so all my trades are the same dollar amount. I don't know if something like that will work for what you are doing.Ignored
DislikedSheesh, did I ever say I don't use stops? I re-read the first post and it's not there. I do use them .
Hi Doc, good to hear from you. I love your system too. This one is a bit like yours, different in some substantial details.
Regarding the "percentage" option at Oanda, I was told that changes with number of units available. This is why I went with the option number 3, which is "USD". Do I have this wrong?Ignored
DislikedOh yeah, USD will work too. I use 2% that way it automatically increases my lot size as my account grows (or reduces lot size if the account declines.)
I don't use stops myself. I am testing my system with a couple of different stop losses on demo but it will be several months before I can conclude if they help. The opposing trades hedge my positions well enough for my live account.Ignored
DislikedHi Dreamliner
thanks for posting this.
Very impressive spreadsheet.
I know it is early days with you on this, I am sure I am not the only one who will be watching your results.
Am I reading that correctly that you are up 914 pips?
Or maybe because of 4 digit/5 digit it actually means you are up 91 pips?
I know that balance and equity will fluctuate due to open positions.
So the number of total pips will also go up and down as trades hit profit and stop loss and then are recovered with the stop loss recovery method.
I know that for various...Ignored
DislikedDreamliner,
Do you hold until the stop gets hit or a TP occurs, or can you close at a loss before the SL? Your SL:TP ratio is about 4:1 so you'll need to have a hit rate to make this work, unless that's just a disaster stop.Ignored
DislikedCongrats Dreamliner...
It's a great feeling when you find a system that clicks for you.
Best of luck - I'll be following along and hope things continue to be successful for you.Ignored
Dislikedcgrey, great to hear from you, I'm honored that you came by. I've learned a ton from you over time and appreciate your willingness to teach. Glad to see you!Ignored