Rowdy
I don't know what happened to your view. I've attached a scrolling screen shot via HyperSnap of what came up on my computer of the window. jb
Simple System
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Hello Patch,
Sorry for the late response; seems that If I change the account on my computer, the statement doesnt refresh.
As I stated before, the demo trade on the gbpusd, did not comply with the rules, and the outcome was a hard hit, but I also took one in the chin with the nzdusd on my real account, thankfully Im still in profit for the month.
Carlos
Sorry for the late response; seems that If I change the account on my computer, the statement doesnt refresh.
As I stated before, the demo trade on the gbpusd, did not comply with the rules, and the outcome was a hard hit, but I also took one in the chin with the nzdusd on my real account, thankfully Im still in profit for the month.
Carlos
- Patch
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csbueno
you might want to consider trading very small lots as you learn all this new stuff. I've become very fond of mini lots for this reason.jb
you might want to consider trading very small lots as you learn all this new stuff. I've become very fond of mini lots for this reason.jb
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
Patch wrote:csbueno
you might want to consider trading very small lots as you learn all this new stuff. I've become very fond of mini lots for this reason.jb
Yes, on my real acct. I try to keep the risk to 2% max.
Thanks on the advise, the rule of thumb is not to be greedy. Its a marathon, not a speed race.
Regards
Carlos
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- rowdy
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Carlos,
Thanks again for posting your simple system. I was examining your trades and I noticed that your SL and TP varied dramatically from trade to trade. Yes you did get 90% but I dont think it was because of the i-Regr and ZeroStochs cross. It was your ability to set a TP and SL based on some money management scheme. Please explain your money management method. Thanks again.
Thanks again for posting your simple system. I was examining your trades and I noticed that your SL and TP varied dramatically from trade to trade. Yes you did get 90% but I dont think it was because of the i-Regr and ZeroStochs cross. It was your ability to set a TP and SL based on some money management scheme. Please explain your money management method. Thanks again.
All I need is Supply and Demand
rowdy wrote:Carlos,
Thanks again for posting your simple system. I was examining your trades and I noticed that your SL and TP varied dramatically from trade to trade. Yes you did get 90% but I dont think it was because of the i-Regr and ZeroStochs cross. It was your ability to set a TP and SL based on some money management scheme. Please explain your money management method. Thanks again.
Yes Money Management is very important, more important in fact than the system/method/indicators used on any trade.
The reason I use i-Regr and ZerolagStochs is based on that principle
I´ll explain:
The i-regr is , for me, a way to interpretate if the price has moved heavily into one direction. the more it moves, the more chances it has to retrace or reverse. Usually, the channels in h4 are from 200 to 400 pips in width, so, after that, a larger move in the same direction is very unlikely, max 200 pips to my experience, so thats the reason I set SL at 150 (sometimes 200 as you may have noticed) that way, I hardly get an Sl
If you have an account, for, let say, $ 100 ,000.00 a 200 pip loss will be $ 2,000. 00 ( 2% for the lots I use on my real acct.) . So risk is within my parameters.
Sometimes, I set a lower SL (as in pips), but I use slighly more lots,
Since the ZerolagStochs is a momentum indicator, It helps me to interpretate exactly that, momentum.
Hope I´ve explained myself.
regards
Carlos
Last edited by csbueno on Sun Jul 12, 2009 2:43 am, edited 4 times in total.
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