ProchargedMopar's Trading Trilogy
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Captain Pugwash
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nimo350 wrote:
If I've learned anything so far about trading, it is that one shouldn't dismiss things that are in conflict with ones own knowledge.
Really nice words shipmate
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
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TygerKrane
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xtremeforex wrote:AliasSmith,
You derived all that from "tsk tsk Manual Trading" ?
I'm only teasing relax. I don't think its' stupid, virtually all strategies start their life manually. Ultimately, all strategies should be finalized by automation for plenty of good reasons. People hell bent on manual trading may never realize this, particularly if they don't understand the concept of 'regime change.'
That's where 'tsk tsk' comes in.
As for money-management. Yeah most of you don't have any clue if you're trading 0.5 lots on a $500 account.
About how many trades does your automation enter per week?
Also, I think that:
1 lot = 100,000
.5 lot = 50,000
.1 lot = 10,000
In the USA (where procharged is), with $500 the maximum amount of units that could be purchased is 25K aka .25 lot. ($20 of margin per 'k'.) (Which would then put him into instant margin call.)
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
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xtremeforex
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nimo,
Suit yourself.
To me - there's more elegance in achieving an impressive ROI with the most minimal lot sizes and least leverage. To me - that demonstrates a healthier strategy.
Tygerkrane,
Yes, when I read one of the posts on this thread I was also wondering how it was possible to trade 0.5 lots on $500. However, like you, I just gave the benefit of the doubt. And like how you've mentioned, that is why I think it is so reckless to trade like that. There is virtually no margin (literally!) for error.
Even 0.1 lots on $500 is still reckless.
If these same traders, used a Demo account with proper capitalization in the ratio's I've suggested. They may be pleasantly surprised to find their strategies are more effective and last longer.
Suit yourself.
To me - there's more elegance in achieving an impressive ROI with the most minimal lot sizes and least leverage. To me - that demonstrates a healthier strategy.
Tygerkrane,
Yes, when I read one of the posts on this thread I was also wondering how it was possible to trade 0.5 lots on $500. However, like you, I just gave the benefit of the doubt. And like how you've mentioned, that is why I think it is so reckless to trade like that. There is virtually no margin (literally!) for error.
Even 0.1 lots on $500 is still reckless.
If these same traders, used a Demo account with proper capitalization in the ratio's I've suggested. They may be pleasantly surprised to find their strategies are more effective and last longer.
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xtremeforex
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PebbleTrader
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aliassmith
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Last edited by aliassmith on Sat Nov 15, 2014 7:48 pm, edited 1 time in total.
Trade Your Way as Long as It Makes Money!
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prochargedmopar
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Works on tester..... 1511 trades with few "losses".
http://screencast.com/t/lI1mNr8dj
Works in live market too.
http://screencast.com/t/oYRpnjROS3
http://screencast.com/t/lI1mNr8dj
Works in live market too.
http://screencast.com/t/oYRpnjROS3
- Attachments
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- 1511_test_trades_AJ.png (119.19 KiB) Viewed 4273 times
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- yup_it_works.png (23.82 KiB) Viewed 4284 times
Last edited by prochargedmopar on Wed Jul 03, 2013 4:28 am, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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