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newark18
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Postby newark18 » Thu Jan 06, 2011 6:58 pm

I used MO's logic but put it in a format that was more usable for me. The blue areas are what needs to be updated per trade. Everything else is calculated.
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Adjusting Size.xls
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cfabian
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Postby cfabian » Thu Jan 06, 2011 8:10 pm

MO, nice MM concepts here... correct MM is vital for succeeding in this business, as it is the spine of trading. Thanks again for your inputs.

I have a question here... when you place an order, at that time your entry line is one extreme of the pipcushion box. The question is if it remains fixed at that point, or is movable according to the watermark price is drawing? This way you can reduce even more your risk by controlling retracements, don't you?

Cheers
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Sledge
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Postby Sledge » Thu Jan 06, 2011 11:17 pm

Thanks Newark,

What is the column Side represent ?


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newark18
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Postby newark18 » Thu Jan 06, 2011 11:45 pm

buy or sell. it needs to be filled in order for the calculations to work.
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Postby Humble » Fri Jan 07, 2011 12:57 am

The function "isnumber" could be used to help clean up the sheet.
Code for column "M" (copied from M32, I added a line to the sheet so as not to mess with your code)
=IF(ISNUMBER(C32);L32/J32;"")
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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newark18
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Postby newark18 » Fri Jan 07, 2011 1:35 am

I am getting an error for some reason. Feel free to mess with whatever you want and upload. Improvements are always welcome.
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newark18
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Postby newark18 » Fri Jan 07, 2011 1:38 am

Hey I got it to work. Looks much better.

=IF(ISNUMBER(C32),L32/J32,"")

But I found some other issues so disregard. I will upload after I fix them.
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Postby Humble » Fri Jan 07, 2011 1:49 am

Sorry about that, OpenOffice uses ";" instead of "," for some unknown reason.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby MightyOne » Fri Jan 07, 2011 6:13 am

cfabian wrote:MO, nice MM concepts here... correct MM is vital for succeeding in this business, as it is the spine of trading. Thanks again for your inputs.

I have a question here... when you place an order, at that time your entry line is one extreme of the pipcushion box. The question is if it remains fixed at that point, or is movable according to the watermark price is drawing? This way you can reduce even more your risk by controlling retracements, don't you?

Cheers


You control when you are in/out of the market, lots size, and space.

Remember that an adjustment sets your position on a ret; your first entry sets your position in the market at the 100% ret (max risk).

You can move your position out of harms way by shedding lots:

(7/5) * space = 40% more space = a position further away from the current price.
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Postby PebbleTrader » Fri Jan 07, 2011 8:21 pm

Where does 0.09 come from in:
X% = LeverageUSD * 0.09

0.09?
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