The ideas that I trade by:

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pablo101
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Re: The ideas that I trade by:

Postby pablo101 » Tue Aug 18, 2020 8:09 am

Phew, finally caught up with this thread.

Bummer MO and the crew is far gone, many have disspeared and I have only seen Alias here.

I left a long time ago and opened a business, now I have time getting back into trading.

So can I ask the general gist of the MO's Eights method?

(1) Is it another form of money management using the full force of leverage of your account to max profits?

(2) Is it trading a monthly momo bar (or I have seen weekly) zeroing profit held?

(3) If zeroing profit, we are targeting the mid point of the monthly momo?

(4) Our best price entry top wick and low wick of the monthly?

(5) There are eight lines are we either sell/buy at the lines increasing decreasing risk from the box at the top or bottom, right?

(6) The risk is spread over 8 lines? eg, risking 100 bucks over 8 lines?

I am not concerned with the entry, I get that everything is just 123 anyway and I am trading that way now thanks to Dchappy.

What I am weak at is the MM side of this. I understood an example like what Pjort did:

https://www.kreslik.com/forums/post110033?hilit=i%20assume%20this%20is%20on#p110033

Hello MO and co,,,

If I was thinking about your system in a super simplyfied way... could I say it this way:

I hold a 100 euro LONG position on let say EURJPY at price 1320-
Then price go 40 pip down to 1300 - I reduce my position 20% to 80 euro
Then price go 40 pip down to 1260 - I reduce my position 20% to 64 euro
Then price go 40 pip down to 1220 - I reduce my position 20% to 40 euro
Then price go 40 pip down to 1180 - I reduce my position 20% to 32 euro
Then price go 40 pip down to 1140 - I reduce my position 20% to 26 euro
And so on....

If price then goes my way "the LONG way"... I put on money on the table again!!?
Like this:
The price go up 40 pip up to 1180 - I expand my position 25 % to 32 euro
The price go up 40 pip up to 1220 - I expand my position 25 % to 40 euro
The price go up 40 pip up to 1260 - I expand my position 25 % to 64 euro
The price go up 40 pip up to 1300 - I expand my position 25 % to 80 euro

Wupti I am back again in business and have the same position as I started uout with, hopefully no loss... (maybee som slippage and spread cost...)

How far from your idear about Lines is this??


Any trading eights here still?
WAS A YALE STUDENT. Now? Let's see!

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Mira
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Re: The ideas that I trade by:

Postby Mira » Fri Aug 28, 2020 4:51 pm

pablo101 wrote:Phew, finally caught up with this thread.

Bummer MO and the crew is far gone, many have disspeared and I have only seen Alias here.

I left a long time ago and opened a business, now I have time getting back into trading.

So can I ask the general gist of the MO's Eights method?

(1) Is it another form of money management using the full force of leverage of your account to max profits?

(2) Is it trading a monthly momo bar (or I have seen weekly) zeroing profit held?

(3) If zeroing profit, we are targeting the mid point of the monthly momo?

(4) Our best price entry top wick and low wick of the monthly?

(5) There are eight lines are we either sell/buy at the lines increasing decreasing risk from the box at the top or bottom, right?

(6) The risk is spread over 8 lines? eg, risking 100 bucks over 8 lines?

I am not concerned with the entry, I get that everything is just 123 anyway and I am trading that way now thanks to Dchappy.

What I am weak at is the MM side of this. I understood an example like what Pjort did:

https://www.kreslik.com/forums/post110033?hilit=i%20assume%20this%20is%20on#p110033

Hello MO and co,,,

If I was thinking about your system in a super simplyfied way... could I say it this way:

I hold a 100 euro LONG position on let say EURJPY at price 1320-
Then price go 40 pip down to 1300 - I reduce my position 20% to 80 euro
Then price go 40 pip down to 1260 - I reduce my position 20% to 64 euro
Then price go 40 pip down to 1220 - I reduce my position 20% to 40 euro
Then price go 40 pip down to 1180 - I reduce my position 20% to 32 euro
Then price go 40 pip down to 1140 - I reduce my position 20% to 26 euro
And so on....

If price then goes my way "the LONG way"... I put on money on the table again!!?
Like this:
The price go up 40 pip up to 1180 - I expand my position 25 % to 32 euro
The price go up 40 pip up to 1220 - I expand my position 25 % to 40 euro
The price go up 40 pip up to 1260 - I expand my position 25 % to 64 euro
The price go up 40 pip up to 1300 - I expand my position 25 % to 80 euro

Wupti I am back again in business and have the same position as I started uout with, hopefully no loss... (maybee som slippage and spread cost...)

How far from your idear about Lines is this??


Any trading eights here still?


:smt041

Here I am :lol:
I’m using Eights/Space as money management and I’d never go back.

However I’m not using the indicator offered by MO but the same identical concept with lines drawn by me on the chart.
__________ THE :smt096 IS A LIE__________

Deliman
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Re: The ideas that I trade by:

Postby Deliman » Wed Sep 16, 2020 11:29 pm

No one number is truly random. I presume that this is really a question of generating random sequences by an algorithm.
I doubt that you could define ""truly random"" in a satisfactory way that allowed generation of truly random sequences.
One way of defining truly random sequences is by means of information theory. To be truly random, the information should increase as you add more numbers to the end of the sequence, and so an infinite truly random sequence would have infinite information.
You could measure the information in a finite sequence by the length of the shortest algorithm to generate it.
Since an algorithm is finite, the information in the sequence it generates is finite. Therefore, no algorithm can generate a random sequence.
You can read more about how algorithms can be used in real life though coding apps here https://www.ilounge.com/articles/the-best-tips-for-mobile-app-development

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