dojirock wrote:Now the exciting change for me...
Had I used the same trade data, changing my Money Management plan, this is how it turns out.
Same starting balance.
Same risk of 4 percent, $93.45
Same daily pip gain.
Change in mental thought...why take a 20 pip stop every time?, get some space so I can change my thought process to this. With a 100 pips of space, I can now lose 5 times in a row at a max stop loss of 20 in a row before wiping out my space. Not going to happen.
This great doji!
...Placing your gains straight into space... this inflates your leverage causing you to grow your account at a very powerful compounding rate...
I'm a bit of a Excel junky myself and would appreciate a copy of yours.
I have done a similar Excel that has one fundamental difference... It takes my allotted risk IE 2% over the account size and then assigns a leverage amount... Perhaps my thinking is a little flawed in this regard and I would look to see how the numbers collate when I apply your logic to the equation.
Thx