jamestan1978 Posted January 4, 2010 Report Share Posted January 4, 2010 Re: Simple Trading Strategy question is, if you 1st to 4th trade is a loss of -560, that means more than -2000pips loss, how do you set your money management, for examples you have a $10k account.... Quote Link to comment Share on other sites More sharing options...
qbetechmark Posted January 4, 2010 Author Report Share Posted January 4, 2010 Re: Simple Trading Strategy of course... i have to have my MM prepared for stoploss of 560x3 or 560x4 risk. i would then need either a very huge account to trade or use nano lots to trade on a $1000.00 account. it simply doesnt make sense. Simply don't use this method then. You may overtrade with your MM, and I see many people can do it right. Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted January 4, 2010 Report Share Posted January 4, 2010 Re: Simple Trading Strategy problem is when this method is introduced, focus has been on the amount of pips it can win. it is also important to know the kind of lots one can use for example you have a 1k, or 5k account. if the 1st to 4th trade total loose 2000pips. your example. anyone can recieve a margin call. Quote Link to comment Share on other sites More sharing options...
qbetechmark Posted January 4, 2010 Author Report Share Posted January 4, 2010 Re: Simple Trading Strategy question is, if you 1st to 4th trade is a loss of -560, that means more than -2000pips loss, how do you set your money management, for examples you have a $10k account.... The example is here : http://kask.us/2903285 It was clear, very clear MM and how to calculate LOT size. Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted January 4, 2010 Report Share Posted January 4, 2010 Re: Simple Trading Strategy so sorry, did not notice that link earlier.. but i cannot understand indonesia language. Quote Link to comment Share on other sites More sharing options...
qbetechmark Posted January 4, 2010 Author Report Share Posted January 4, 2010 Re: Simple Trading Strategy so sorry, did not notice that link earlier.. but i cannot understand indonesia language. Let me explain here. Actually we can set this method even for $100 account, but I will use $10.000 for example. First on first, we set risk level 5% of equity. Means for every loss trade you make, you will loss 5% of your equity. 5% x $10.000 = $500 And the SL always 560 for 14 pairs (about @40 / pair). So opened LOT = 0.89 for micro account. And when you get profit from your trade, the profit is about $1.780 (2000 pip). When you loss 4 times in a row you will loss totally for $2.000, how ever your equity still $8.000. I believe it is far away from MC. Surely you can set risk level as your favor. It could be 10%, 20% or whatever you like. Hope that help. Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted January 4, 2010 Report Share Posted January 4, 2010 Re: Simple Trading Strategy Thanks, so 0.89 micro lots is for 14 trades so each trade is 0.06 micro lots. Quote Link to comment Share on other sites More sharing options...
qbetechmark Posted January 4, 2010 Author Report Share Posted January 4, 2010 Re: Simple Trading Strategy Thanks, so 0.89 micro lots is for 14 trades so each trade is 0.06 micro lots. I meant 0.89 micro lots per pair. Quote Link to comment Share on other sites More sharing options...
a1300 Posted January 11, 2010 Report Share Posted January 11, 2010 Re: Simple Trading Strategy [url]http://www.formulatrader.com/download/T101.zip[/url] Maybe you can download T101. It looks like more clearly ... enjoy it ! Quote Link to comment Share on other sites More sharing options...
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