The ideas that I trade by:

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Wed Dec 16, 2015 3:07 am

TygerKrane wrote:FOOTBALL.

Only THEN, do you have a reason to celebrate and do your end zone dance!


#GetYourLotSizeUp

8)


Which leads us back to my original point.
If I/we cannot make it to the endzone it doesn't matter what we are carrying.

Not even a gun can help us here.
It's not like we are robbing banks.

:smt066 :smt067 :smt068 :smt070 :smt071 :smt072 :smt075
#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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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Wed Dec 16, 2015 3:40 am

So In essence.
Via @KlokovD

The only way to fight small lots size is with large lot size.

_20151215_213905.JPG
_20151215_213905.JPG (227.62 KiB) Viewed 1715 times
#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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forexbob
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Re: The ideas that I trade by:

Postby forexbob » Wed Dec 16, 2015 11:50 am

prochargedmopar wrote:If I/we cannot make it to the endzone it doesn't matter what we are carrying.



CORRECT, risk is still the same (we reduced space).

but i still prefer the heavy lifting of carrying many lots, because when i reach the endzone it's well worth the carrying. :mrgreen:

even if i have some losses, and pick up some pips here and there.
and when i just once a month reach the 21% endzone, the result at the end of the year will be an extra 0

ok, you can also try for the 1% a day, which also results in an extra zero.

but by keep trying and improving you probably can reach the endzone more then once a month.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Dec 21, 2015 8:38 pm

Why do we double?

If you risk $100 to make $200 then you are getting 2:1 on your money.
While such a ratio might be "fantastic" for some it is not enough for most.

Let's look at what happens as we require more doubles after our initial entry:
0 Doubles: $100 to make $200, 2:1
1 Double: $50 to make $200, 4:1
2 Doubles: $25 to make $200, 8:1
3 Doubles: $12.50 to make $200, 16:1
4 Doubles: $6.25 to make $200, 32:1
5 Doubles: $3.12 to make $200, 64:1
6 Doubles: $1.56 to make $200, 128:1

You either lose x% or you win y%, there is no such thing as a "partial win/loss", you either
reach your target using the initial and acquired space or you fail.

We can't just trade smaller because as you halve your size you multiply the distance to the target:
0: 20 pips
1: 40
2: 80
3: 160
4: 320
5: 640
6: 1,280
We need to double x number of times to pull the target back within reach of shorter
periods. Every time that we double we halve the distance to success, the downside is
that we also halve the distance to the destruction of our space.

Putting it into practice:

If we want to make 5% then we need to break it down into at least 14 parts for a maximum risk of 0.3571% per trade. The risk will always be capped at 0.3571%, no matter how many times you double, because you will be normalizing your risk.
We have $10000, our target is +$500, our risk is $35.71 (~1/14).
We divide the target by the ATR, lets call it 100, and we see that we need $5 P%PS ("big pips").
We then divide the dollar value of the "big pips" according to the number of doubles, in the case of 3 doubles we divide by 8 as
1 x 2 x 2 x 2 = 8.
We now see that each small pip is $0.625 and we have 57.1 pips of space.
If your lots add up to $0.60 then you have (.625 / .6)57.1 or 59.4 space &
your target is about 4.1% further away (nothing to worry about).

You don't need to risk all 57.1 pips on one trade, you can set a 10 pip stop and use the space
as if you had accumulated it to resize your trade.

For instance: if you make 10 pips then you have 67.1 pips. After you double, your total space is 33.55 and a 10 pip stop leaves 23.55 pips on the shelf should you get stopped.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Dec 28, 2015 8:12 am

Why does this script delete pending but fail to close orders?

Someone point me to the obvious :lol:

Code: Select all

#property strict
//+------------------------------------------------------------------+
//| Script program start function                                    |
//+------------------------------------------------------------------+
void OnStart()
{
  double price=0;
  int total = OrdersTotal();
  for (int i=total-1 ; i>=0 ;i-- )
     {
     if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES) )
     if(OrderSymbol() != Symbol() )continue;
     if(OrderType() >1)
     if(OrderDelete(OrderTicket() ))Print(OrderTicket()," Order Deleted!");
     else{
         if(OrderType()==0) price =Bid;
         else price = Ask;
         if(OrderClose(OrderTicket(),OrderLots(),price,30,clrRed ))Print(OrderTicket()," Order Closed!");
         else Print(OrderTicket()," Did not close! ",GetLastError() );
         }
     }
}

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Re: The ideas that I trade by:

Postby jrtrading » Mon Dec 28, 2015 9:54 am

MightyOne wrote:Why does this script delete pending but fail to close orders?
Someone point me to the obvious :lol:


Code: Select all

void OnStart()
{
  double price = 0;
  int total = OrdersTotal();
  for (int i = total-1 ; i >= 0;i-- )
     {
     if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES) && OrderSymbol() == Symbol()) {
         
         if (OrderType() > 1) {
            if(OrderDelete(OrderTicket() )) Print(OrderTicket()," Order Deleted!");
         }
         
         else {
         
            if(OrderType()== 0) {
               price = Bid;
            }
            else {
               price = Ask;
            }
           
            if(OrderClose(OrderTicket(),OrderLots(),price,30,clrRed )) {
               Print(OrderTicket()," Order Closed!");
            }
            else {
               Print(OrderTicket()," Did not close! ",GetLastError() );
            }
        }
   
    }
  }
}

jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Mon Dec 28, 2015 9:59 am

MightyOne wrote:Why does this script delete pending but fail to close orders?
Someone point me to the obvious :lol:


It is the nesting here, I believe:

Code: Select all

if(OrderType() > 1) {
     if(OrderDelete(OrderTicket() )) Print(OrderTicket()," Order Deleted!");
}
 else{..}

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Dec 28, 2015 6:47 pm

jrtrading wrote:
It is the nesting here, I believe:


Thanks jrtrading, I corrected the code and it seems to work now:


Code: Select all

#property strict
//+------------------------------------------------------------------+
//| Script program start function                                    |
//+------------------------------------------------------------------+
void OnStart()
{
   double price = 0;
   int total = OrdersTotal();
   for (int i=total-1; i>=0;i--)
      {
      if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES) )
      if(OrderSymbol() != Symbol() )continue;
      if(OrderType() >1)
         {
         if(OrderDelete(OrderTicket() ))Print(OrderTicket()," Order Deleted!");
         }
      else
      if(OrderType()==0) price =Bid;
      else price = Ask;
      if(OrderClose(OrderTicket(),OrderLots(),price,30,clrRed))Print(OrderTicket()," Order Closed!");
      else Print(OrderTicket()," Did not close! ",GetLastError() );
      }   
}

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jan 12, 2016 8:58 am

I was just curious...

I think that it will move in the 35 to 39 Baht range.

I have decided to contain some of the steep moves that I would normally cut through if it were
any other currency because I feel that, with the extreme congestion, price is defining bounds rather
than spiking through them.

IDK, we'll see what happens :lol:

THAI_BAHT.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Jan 17, 2016 5:08 am

Check this out

How awesome would it be if it actually works?

http://iamili.com/

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