## The ideas that I trade by:

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aliassmith
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### Re: The ideas that I trade by:

MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:Should you hold for multiple targets?

01) +88
02) +106.61 = 194.61
03) +129.16 = 323.77
04) +156.48 = 480.25
05) +189.59 = 669.84
06) +229.69 = 899.53
07) +278.28 = 1,177.81
08) +337.14 = 1,514.95
09) +408.46 = 1,923.41
10) +494.86 = 2,418.27
11) +599.54 = 3,017.81
12) +726.37 = 3,744.18

It's up to you.
Just be sure to lock in a few waypoints along the way.

Holy smokes.
All these #'s are a bumch of gobble de gook to me.
If Im able to make 88 pips none of this matters.
Simple as increasing or decreasing lot size according to how much held over OPM I have aquired on the last 88 pip move.

Without pips you cant increase lot size.
Huge lot size and no pips doesnt help.
The only thing that matters is pips.
It is the basis and starting point of all acquired riches.

So tell me again.

How do I get to use huge lot size on my \$400 account without making pips???
Just curious.

McDonalds burgers are so small, yet they taste sooo good

Anyways...

The numbers are simply the number of 'big pips' to a %target; the first target is 88 pips, the second is
106.6 pips further away (if you don't resize your \$min), and the total of 88 & 106.6 is 194.6...please
tell me that you understand

Pips 'do not matter'... as my father always used to say:
"I am not \$100 a day poor, I am \$1000 a day poor; \$100 isn't going to help me today & it sure as s**t is
not going to help me tomorrow".

There are 704 pips, at 1 unit, to a %target; any pips that you gain prior to 8 units is of little help, it is all
risk reduction / shts and giggles.

How many 'big pips' are there to a %target & how many 'big pips' have you made?
30 of 704 'does not matter' where as 30 of 88 is definitely progress.

When playing football, mm don't help us, we only care about yardage...do you get what I am saying?

In football we only care about points. Yardage just happens on the way to those points.

In trading we only care about the \$\$\$\$. Pips just happen on the way.

prochargedmopar
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### Re: The ideas that I trade by:

aliassmith wrote:
When playing football, mm don't help us, we only care about yardage...do you get what I am saying?

In football we only care about points. Yardage just happens on the way to those points.

In trading we only care about the \$\$\$\$. Pips just happen on the way.[/quote]

alias,
That is a great analogy.
Love it.

M.O.
The double meat (1lb.) bacon cheeseburger from Stumpy's is much better.
They even offer a triple 1.5# burger too. A couple of my boys got it.
Their eyes were floating.
The next time they just went for the double. hahahaaha
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

TygerKrane
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### Re: The ideas that I trade by:

aliassmith wrote:In football we only care about points. Yardage just happens on the way to those points.

In trading we only care about the \$\$\$\$. Pips just happen on the way.

My Turn:
In football we only care about the FOOTBALL crossing the end zone line.

A 100 yard, end-to-end run back doesn't mean shyte if you are carrying:
• A marble
• A golf ball
• A tennis ball
• A baseball ⚾
• A softball
It needs to be the bigger, FOOTBALL.

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

#GetYourLotSizeUp

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

MightyOne
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### Re: The ideas that I trade by:

TygerKrane wrote:
aliassmith wrote:In football we only care about points. Yardage just happens on the way to those points.

In trading we only care about the \$\$\$\$. Pips just happen on the way.

My Turn:
In football we only care about the FOOTBALL crossing the end zone line.

A 100 yard, end-to-end run back doesn't mean shyte if you are carrying:
• A marble
• A golf ball
• A tennis ball
• A baseball ⚾
• A softball
It needs to be the bigger, FOOTBALL.

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

#GetYourLotSizeUp

*laugh*

prochargedmopar
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### Re: The ideas that I trade by:

TygerKrane wrote:FOOTBALL.

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

#GetYourLotSizeUp

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.

#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
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### Re: The ideas that I trade by:

So In essence.
Via @KlokovD

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

_20151215_213905.JPG (227.62 KiB) Viewed 1874 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

forexbob
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### Re: The ideas that I trade by:

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.

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.

MightyOne
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### Re: The ideas that I trade by:

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 &

You don't need to risk all 57.1 pips on one trade, you can set a 10 pip stop and use the space

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.

MightyOne
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### Re: The ideas that I trade by:

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

Someone point me to the obvious

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:

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

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() );            }        }        }  }}`