How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Fri Sep 22, 2017 7:31 pm

MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
[/color]



Mmm.. not getting it :?
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MightyOne
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Re: How to be a MOnster

Postby MightyOne » Fri Sep 22, 2017 8:14 pm

Mira wrote:
MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
[/color]



Mmm.. not getting it :?


It wasn't for you now was it :wink:

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.

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Re: How to be a MOnster

Postby Mira » Fri Sep 22, 2017 8:25 pm

MightyOne wrote:
Mira wrote:
MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
[/color]



Mmm.. not getting it :?


It wasn't for you now was it :wink:

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.


wrong post
Last edited by Mira on Fri Sep 22, 2017 8:32 pm, edited 2 times in total.
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Mira
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Re: How to be a MOnster

Postby Mira » Fri Sep 22, 2017 8:31 pm

Mira wrote:
MightyOne wrote:
Mira wrote:

Mmm.. not getting it :?


It wasn't for you now was it :wink:

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!


2.5 : 6.4 = 100 : x

lol
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Re: How to be a MOnster

Postby prochargedmopar » Fri Sep 22, 2017 10:40 pm

MightyOne wrote:
Mira wrote:
MightyOne wrote: Your minimum account size should then be (6.4/2.5)100 or $256...
[/color]



Mmm.. not getting it :?


It wasn't for you now was it :wink:

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.


$0.64 / $X = 2.5% risk

Solve for X which is about 1/4 of your 100 account. $25.xx

Oanda allows everyone to use down to 100's of a cent per pip.

100 units is roughly 1 cent per pip.
10 units is roughly .1 cent per pip.
Some people on this planet only make $100 a month
or less.
#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

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Re: How to be a MOnster

Postby prochargedmopar » Sat Sep 23, 2017 1:42 am

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.



You changed your image/gif.
What does it say?
I can't read the bottom with this netbook.
#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

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Re: How to be a MOnster

Postby Captain Pugwash » Sat Sep 23, 2017 6:09 pm

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.


no, the pictures es posted are alive and well and live in a download post here (at least one)
"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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Re: How to be a MOnster

Postby MightyOne » Sat Sep 23, 2017 6:52 pm

prochargedmopar wrote:
You changed your image/gif.
What does it say?
I can't read the bottom with this netbook.


Then said he unto me, Fear not, Daniel: for from the first day that thou didst set thine heart to understand, and to chasten thyself before thy God, thy words were heard, and I am come for thy words. -Daniel 10:12

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Re: How to be a MOnster

Postby Mira » Sun Sep 24, 2017 11:46 am

He that loveth not knoweth not God; for God is love.

Page 100 =D>
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Re: How to be a MOnster

Postby thepark » Sun Sep 24, 2017 12:12 pm

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.


lets say i adjust my lot size up after a 2 line win: 12/10 x lot size = 1.2* initial lot size I still have 10 lines.

but those 10 lines are still worth the same number of pips as the first trade right? the only thing im changing is the lot size after a win or loss but no changes to the width of the lines?

at first i was thinking when we win we adjust the lot size up but to keep a consistent % of risk of the new balance we need to risk less lines the next trade.

Also what is your opinion of not using a stop loss and hedging? lets say for a long at my normal SL of 40 pips i hedge with a short and the next trade if its long i will close my short hedge and vice versa? if my trading has a good win ratio can i get away with not taking losses like this given that the overnight fees are not too high?
Last edited by thepark on Sun Sep 24, 2017 12:15 pm, edited 2 times in total.

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