Aliassmith Beats a "Dead Horse"

[aliassmith]

Next Trade
3x could have been 6x
Total +4x

[aliassmith]

Next Trade
-1x
Total +3x

[aliassmith]

Next Trade
6x could have been 12x
Total 9x

[aliassmith]

Let's discuss "Flat Bets" vs. "Risk Gearing" for the 5 prev. posted trades.
The Charts labeled as they are if "Flat Bets" were used. (+3.0%)
Based per $100K starting risk $333 gained $3,000 9x

How about a type of "Risk Gearing"?
Trade #1: Risk .33% then gain .66% (+.66%)
Trade #2: Risk .33% then lose .33% (+.33%)
Trade #3: Risk .33% then gain 1% (+1.33%)
Trade #4: Risk .66% then lose .66% (+.67%)
Trade#5: Risk .66% then gain 4% (+4.66%)
Based per $100k starting risk $333 gained $4,660 14x

If there would be a next trade it would have been 1% risk for the rest of the day or until 3 loses
If you nail another 3x that's an additional $3,000 23X

Risk gearing can be a Risk Management Tool.
If you notice I started out the morning only risking .33% of my account.
Many advocate that you risk 1% per trade or more.
With Flat Betting I would have had to risk .5% per trade to equal the same gain. That is an additional 50% risk.
With Risk Gearing I started out with less risk and set myself up for more explosive gains.

There are a lot of what IFs that go with this and why I say traders have it easy these days.
If you can trade like this you can for sure get that $400,000 account from FTMO.
As a side note their trading conditions are fairly good, better than OANDA in the states
So the $4,660 gain would be about $15,000 after their cut.
Also that was only 5 trades I seem to average about 10 per day so if 60% of those win at 2x that's another $15,000 for the day.
Once you get your first payout from a company like that there is no risk to you.
You can start with about $400 build up to $400k+ (6 months). Try their free account first.
Currently they payout well.
If it is a concern stash your profits away for a rainy day. You may need to go trade futures/stocks/Options at some point.

I don't know how much you traders out there make but that makes my mattress all lumpy when I stash it under there.

With the tools available such as almost free 6 figure accounts with no financial risk to yourself.
Better executions, spreads, and commissions.
And "Risk Gearing"
You can actually start with less than .33% risk putting your account at less risk.
Make less trades per day only picking the grade A ones turning my plan into a weekly plan.
Work your way up to 1% or 1.5% risk per trade.
Keep some of your gains in your account to protect it even further.

As you can see, I have no ties to FTMO.
I have no Affiliate link and get no kick backs.
I only share info I have learned for FREE.
You must still do your own research (due diligence)

[Don_xyZ]

Those are very good trades, Alias.

Now that you’ve mentioned it, I looked up FTMO and they seem to have a rival which is way cheaper and have less rules. MyForexFunds. I am in no way affiliated with any of them as I don’t really like them breathing down my neck. If anyone would want to go with them I would suggest a 0.25% or 0.1% risk on a high R trades if not then 0.5% on a high win rate trades. Max MFF and then max FTMO and you get yourself millions of dollars under management over the course of a couple of years.

[aliassmith]

Has anyone seen an MQL5 version of the Doji_Momentum_Barz indy?

I have a MA with color slope change for mt5 that I found/programmed.

[aliassmith]

Those are very good trades, Alias.

Now that you’ve mentioned it, I looked up FTMO and they seem to have a rival which is way cheaper and have less rules. MyForexFunds. I am in no way affiliated with any of them as I don’t really like them breathing down my neck. If anyone would want to go with them I would suggest a 0.25% or 0.1% risk on a high R trades if not then 0.5% on a high win rate trades. Max MFF and then max FTMO and you get yourself millions of dollars under management over the course of a couple of years.

Yes I've seen them. I don't know how well they payout.
Their evaluation doesn't have bad terms either.
I also read that you can merge accounts up to $300,000.
You can still make some nice cash with that.

They have a $10,000 option for a measly $85, better than wasting hundreds or more if you aren't sure.
If you knock that out of the park then you can use the profits from that to scale up to $300,000.

maybe 3 months on the $10,000 to earn $1000 (evaluation plus live)
maybe 3 months on a $100,000 to earn $10,000 (evaluation plus live)
Maybe 2 months on a $200,000 to max out. (evaluation)

[aliassmith]

DOW
M5 Gray is possible reverse area
M1 chart had a nice Zline entry
Right after the Zline entry there was a FVG entry or add.

[aliassmith]

DOW
FVG sighting

[aliassmith]

Charts are the true teachers.
MO, ICT, TRO can only point out things.
Chart time is the real difference.

When the charts are stopped try to answer these questions.

How does this compare to a live chart?
How can I take advantage of this with limited risk?
Is the Risk worth the potential reward?