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MightyOne
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Postby MightyOne » Wed Jun 03, 2009 10:04 pm

t. $50 per micro, $500 per mini, $5000 per standard, $50k per full

Maximum loss is $30 per micro, $300 per mini, etc

x. $70 per micro, $700 per mini, $7000 per standard, $70k per full

Maximum loss is $30 per micro, $300 per mini, etc

xx. $150 per micro, $1,500 per mini, $15,000 per standard, $150k per full

Maximum loss is $70 per micro, $700 per mini, etc


I have $1,000 and I don't want to double after 5 losses (t.)

$1,000 / 50 = 20 micro lots

Max loss = $30 * 20 = $600

I have $1,000 and I want to double after 5 losses (x.)

$1,000 / 70 = 14 micro lots

Max loss = $30 * 14 = $420

I have $1,000 and I want to double again after 10 losses (xx.)

$1,000 / 150 = 6 micro lots

Max loss = $70 * 6 = $420

Ignore numbers to the right of the decimal.

TheRumpledOne wrote:I guess I have a mental block.

Let's say you start with $1,000.00 USD in your account.

What is the formula to calculate the number of lots to trade?

If you can give me the formula, I can code an indicator.

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Postby MightyOne » Wed Jun 03, 2009 10:24 pm

It would save you a lot of coding time if you just had 3 options for trade strategy:

t. $5

x. $7

xx. $15

and 4 options for lot type:

Micro: * 10
Mini: * 100
Standard: * 1,000
Full: * 10,000

and desired number of lots to trade:

20?

*could have 2 desired lot sizes so that you can see the dollar value required for the next trade size*

User might select the following:

t. ($5), mini (* 100), & 20 (*20)

The indicator would then tell you that you need:

$5 * 100 * 20 or $10,000 to trade 20 mini lots.

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MightyOne
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Postby MightyOne » Thu Jun 04, 2009 12:01 am

You punch in your win ratio that you are targeting and your win probability so that the simulation reflects reality.

BASED ON YOUR WIN PROBABILITY it generates wins and losses.

You can set the lines QTY to 450 (trying 450 times) if you want to and it will show you the likely result of using Kelly based on YOUR TRADING PERFORMANCE not 50/50!

Blackjack...

Blackjack is theoretically beatable given enough of an edge and money to survive risk of ruin.

Even so, your edge is calculated over BILLIONS of hands (an unplayable number)!

In the short term you will be: up some, up a lot, down some, or down a lot, w/ probability SLIGHTLY favoring up some or up a lot.

teoman wrote:Thanks for the artıcle.

If a game is random, than it is not beatable.

this article is refusing science and math, not accepting 2 multiple by 2 is =4 .

Blackjack is beatable and proven by math.

Those guys are not playing at the casinos because they are blacklisted.

And they continue their life with seminars etc.

But this article is given an example about videomachines and for sure a counter will never play with that.


If we will not have rules to obey then how we are going to trade, and what are those indicators for.

And without mental strategy how we can find a solution to beat the game.And why TheRumpledOne is wirting his own indicators.and try to beat the game..

Everything will come with observation...and stick to their game plan..

Sometimes we won just because of good luck, but if we were not trying to predict, with our system ,how we can trade.

No need system, no need mental strategy then what we need to trade...

Regards...

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cfabian
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Postby cfabian » Thu Jun 04, 2009 3:08 am

Hello guys,
I wanted to know your suggestions about an indicator with good level of accuracy as per identifying trend and ranging markets?

I'm having some issues with this, and want to use it to stay out of the market, as a warning, or apply different strategies.

Thanks

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MightyOne
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Postby MightyOne » Thu Jun 04, 2009 5:59 am

cfabian wrote:Hello guys,
I wanted to know your suggestions about an indicator with good level of accuracy as per identifying trend and ranging markets?

I'm having some issues with this, and want to use it to stay out of the market, as a warning, or apply different strategies.

Thanks


Every thing that you need is in the candles:

2 x 2 METHOD:

3 time frames: small, med, large

Pay attn to the BODIES and disregard the wicks

When a candle closes and THE BODY overlaps the prev candle then you are range bound.

When a candle closes and there is NO OVERLAP then you are in a TREND.

The longer the body that closed with NO OVERLAP the stronger the TREND

The greater the time frame the more value is given to the trend direction.

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 04, 2009 6:11 am

TRO_MO_MoneyManagement


Image


FREE MT4 version TRO_MO_MoneyManagement, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.
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Last edited by TheRumpledOne on Thu Jun 04, 2009 6:40 am, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 04, 2009 6:19 am

Every thing that you need is in the candles:

2 x 2 METHOD:

3 time frames: small, med, large

Pay attn to the BODIES and disregard the wicks

When a candle closes and THE BODY overlaps the prev candle then you are range bound.


Do you mean an OUTSIDE CANDLE?

Or the bottom of the current candle is NOT less than the top of the previous candle or vice versa?



When a candle closes and there is NO OVERLAP then you are in a TREND.




Do you mean an INSIDE CANDLE?


The longer the body that closed with NO OVERLAP the stronger the TREND

The greater the time frame the more value is given to the trend direction.



PLEASE POST A CHART SHOWING THIS.

THANKS
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

teoman
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Postby teoman » Thu Jun 04, 2009 10:29 am

Fast scalping Method


As you know EMA is faster than SMA.

How I use scalping with 5 minutes chart with EMA(12),SMA(12) and 3ZZ Semafor


Just wait 3 appears, and wait for the blue EMA(12) cross SMA(12), take your position.


DO not take any position when 3 appears,wait for the cross signal also at 5 min chart.

Close your position again when 3 semafor appears and Ema cross..


Use that strategy with only MAjor Pairs.. Tpl and ind.attached.


Best Regards...

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bgungor68
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Postby bgungor68 » Thu Jun 04, 2009 11:05 am

Thx.Teo.. Good and fast method :smt002

teoman
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Postby teoman » Thu Jun 04, 2009 11:53 am

bgungor68 wrote:Thx.Teo.. Good and fast method :smt002


we can optimize this strategy with never go against the H1 color.

by using TRO multimeter candlecolor...

Regards...


TURKISH- Hosgeldin, memmun oldum...

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