MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
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Mmm.. not getting it
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MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
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Mira wrote:MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
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Mmm.. not getting it
MightyOne wrote:Mira wrote:MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
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Mmm.. not getting it
It wasn't for you now was it
At min. size the risk is 6.4% so in order to bring the risk down to 2.5% the account size needs
to be (6.4/2.5) x accountSize
$6.40 / $256 = 2.5% risk.
Mira wrote:MightyOne wrote:Mira wrote:
Mmm.. not getting it
It wasn't for you now was it
At min. size the risk is 6.4% so in order to bring the risk down to 2.5% the account size needs
to be (6.4/2.5) x accountSize
$6.40 / $256 = 2.5% risk.
Ahh got it, thanks!
MightyOne wrote:Mira wrote:MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
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Mmm.. not getting it
It wasn't for you now was it
At min. size the risk is 6.4% so in order to bring the risk down to 2.5% the account size needs
to be (6.4/2.5) x accountSize
$6.40 / $256 = 2.5% risk.
MightyOne wrote:elkin.fernandez wrote:MO my account is $100 .
How much it must be max size of my risk box?
The minimum requirement for trading EIGHTS strategy is that you have at least a
16 unit trade on H1 as this will allow you to reach the monthly chart with 1 unit.
If you are trading with Oanda and your entry is $0.16/pip, width is 5 pips,
and lines total 8, then your risk is $6.40 or 6.4% of $100.
Your minimum account size should then be (6.4/2.5)100 or $256...
or $410 if you want to trade H1 charts with widths of up to 8 pips.
I'm going to say 4 to 6 cents per pip and 8 to 10 lines is good for now.
prochargedmopar wrote:prochargedmopar wrote:elkin.fernandez wrote:I ever have wanted to say that I am so grateful with MO, Dragon33, Dchappy, Mira, Pro, TRO, Mr Hyde. especially MO. Yesterday icould know who was Dragon33.
Its a bummer you missed out on espip.
Master scalper. Live and in color trade by trade day after day.
And V8Power is a great inspiration.
Another was Zapzinig. I'd love to know what he is up to.
Dude opened my eyes to the power of the Z on daily charts.
One month and 1000's of pips.
espip deleted all his posts and many of the others the pictures have went into oblivion.
prochargedmopar wrote:
You changed your image/gif.
What does it say?
I can't read the bottom with this netbook.
MightyOne wrote:thepark wrote:
so i start off with a risk box and the i split that risk box into ten lines.
should the risk box be a certain percentage of your account size?
how do i determine how many pips one line of risk is? can i say its 15 pips? risk per line automatically goes up by timeframe right? the higher the TF the wider the lines and the smaller my position size?
so i can back out my initial lot size from 0.1666% of account = 30p SL x lot size
if i lose my first trade i do not decrease my lot size because that is my min lot size?
is there a cap at what lot size you use if you keep winning?
thanks MO!
I start with 8 lines but you can start with any number that you feel comfortable with so
long as you understand how stacking speed is affected.
You can use up to 2.5% of your highest account balance to start a risk box.
I 'line' is around 40% of the hourly ATR:
40% x 02 for H4 (H1 position size / 02)
40% x 04 for D1 (H1 position size / 04)
40% x 08 for W1 (H1 position size / 08)
40% x 16 for MN (H1 position size / 16)
If an H1 line = $25 then 1 line in every other period should = $25. If you stack to $75/line then every period = $75/line regardless of whether you move up or down the periods or switch charts.
There is not a cap on size but there is a cap on how valuable a line of a certain width can be:
H1: $100/line
H4: $200
etc.
Reason being that the chart is more likely to unexpectedly take out multiple lines on smaller chart than on a larger chart.
These are guidelines, you should always do what is right for you.
PS: I just now saw Mira's post.