ProchargedMopar's Trading Trilogy

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trueblueTEX
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Postby trueblueTEX » Fri Feb 22, 2013 4:23 pm

TygerKrane wrote:Lolz @me~~~


Tyger, you had me really questioning my math skills :-)

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aliassmith
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Postby aliassmith » Fri Feb 22, 2013 5:22 pm

:shock:
Last edited by aliassmith on Sat Nov 15, 2014 7:50 pm, edited 1 time in total.
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MightyOne
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Postby MightyOne » Fri Feb 22, 2013 7:28 pm

What extremeforex is probably doing:

If you are trading $1000, 4 micro is your min and 50 micro might be your max for a spread of 12.5 min units.
If you are trading $10000 & 4 micro is your min, 500 micro might be your max for a spread of 125 min units.

Basically what you are doing is saying $1000 is what I have to risk and $9000 is used for leverage...
Your potential energy/profit is your position size:
Your long term potential does not change by much, but your short term potential is greatly reduced; most people cannot profit short term so it is likely not problematic ;)

I'd say that an account <= to ## (4 micro, 3-4k account) is more than enough.

xtremeforex
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Postby xtremeforex » Sat Feb 23, 2013 3:04 am

AliasSmith,

How was I being rude?

MightyOne,

Interesting and good idea. However, that's not what I'm doing.

I should have been more clear, 0.01 lots PER trade (on $100,000) and I always have more than one trade in the market.

aliassmith
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Postby aliassmith » Sat Feb 23, 2013 5:29 am

:shock:
Last edited by aliassmith on Sat Nov 15, 2014 7:51 pm, edited 1 time in total.
Trade Your Way as Long as It Makes Money!

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xtremeforex
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Postby xtremeforex » Sat Feb 23, 2013 7:24 am

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.

nimo350
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Postby nimo350 » Sat Feb 23, 2013 10:43 am

nt
Last edited by nimo350 on Wed Jun 29, 2016 6:36 am, edited 2 times in total.

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Captain Pugwash
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Postby Captain Pugwash » Sat Feb 23, 2013 11:41 am

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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Postby TygerKrane » Sat Feb 23, 2013 1:44 pm

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.<!

xtremeforex
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Postby xtremeforex » Sat Feb 23, 2013 10:08 pm

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.

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