The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Feb 24, 2016 10:50 pm

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Feb 25, 2016 1:14 am

I am always amazed by this indicator.

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v8power
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Re: The ideas that I trade by:

Postby v8power » Thu Feb 25, 2016 1:26 am

Me to. I ended up getting out at .3890 because of it. Worked like a charm again.

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Thu Feb 25, 2016 7:14 am

MightyOne wrote:I am always amazed by this indicator.

GBPUSDecnH1.png


I'm an indicator junky.
Got a link for download?
#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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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Feb 25, 2016 8:45 am

prochargedmopar wrote:
I'm an indicator junky.
Got a link for download?


It is a TRO2015 donation indicator.

For $0.96/week it can be yours :lol:

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Re: The ideas that I trade by:

Postby v8power » Thu Feb 25, 2016 8:49 pm

MightyOne wrote:
prochargedmopar wrote:
I'm an indicator junky.
Got a link for download?


It is a TRO2015 donation indicator.

For $0.96/week it can be yours :lol:

THE_RUMPLED_ONE.png


Haha, what a salesmen. The crash zone is hands down one of my favorite ideas you ever showed us.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 26, 2016 8:07 am

Maybe there is a better way to write it, I don't know :lol:

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Re: The ideas that I trade by:

Postby Rangoban » Fri Feb 26, 2016 11:29 am

Mo said:
"You can post anything, almost anything, in this thread.
Anything important will be mentioned in "Ideas II"

Hi MO, just another "watcher" here :-)
I completely agree with you and I managed to do it myself (using space, driving lot size up, adding a zero at the end of the year), at least with the Forex Tester programm, not in real time, yet.

I found out that is much simplier to trade succesfull once you have collected some OPM (other peoples money). In that case you dont care that much and you can play better around with the moneys left.
Often I think trading is like trying to cross the atlantic ocean in a boat. No matter what direction you choose, the unrelenting waves will devour you anyway.

The problem for me so far starts in the beginning. It is hard for me to believe that you can come back, if you lost some space and you have to reduce your units.
Lets say I start with 3 units at 100 space, lose the first trade, have to reduce to 2 units so that I have more space again. If I lose again I have to reduce further. And someone could lose again and again. :-D
In that case someone maybe isnt made for trading and should stop it, maybe.

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Re: The ideas that I trade by:

Postby Braathen » Fri Feb 26, 2016 12:18 pm

You dont have to reduce your unit size if you lose space.
If from a 1000$ you make it to step 1 risking 1.5% you can lose 14 times in a row before you are back at 1000$.
If you sit down and trade live and lose 14 times in a row you will learn something :D win win.

If you find yourself in between steps there are plenty of ways to get yourself back to step X quickly.
I would love to hear MO's idea on that btw.
I personally like to just find what % i need to get back and trade from $min to reach it.
Sometimes i am a bit ballsy and just trade like i was still in the previous trade.

Lots of fun to be had and when you fail.. learn from it :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 26, 2016 12:55 pm

Rangoban wrote:Mo said:
"You can post anything, almost anything, in this thread.
Anything important will be mentioned in "Ideas II"

Hi MO, just another "watcher" here :-)
I completely agree with you and I managed to do it myself (using space, driving lot size up, adding a zero at the end of the year), at least with the Forex Tester programm, not in real time, yet.

I found out that is much simplier to trade succesfull once you have collected some OPM (other peoples money). In that case you dont care that much and you can play better around with the moneys left.
Often I think trading is like trying to cross the atlantic ocean in a boat. No matter what direction you choose, the unrelenting waves will devour you anyway.

The problem for me so far starts in the beginning. It is hard for me to believe that you can come back, if you lost some space and you have to reduce your units.
Lets say I start with 3 units at 100 space, lose the first trade, have to reduce to 2 units so that I have more space again. If I lose again I have to reduce further. And someone could lose again and again. :-D
In that case someone maybe isnt made for trading and should stop it, maybe.


Hi, thanks for posting.

My trade size is based on "waypoints" and the distance between each waypoint is 14 losses.

On any given risk-box (aka "space", the thing that holds your pips) I may reduce size to add pips to the risk-box ("re-inflate space"), but once
the box is destroyed the next trade is placed at $minimum size for the current waypoint; unless I have destroyed 14 boxes, my $minimum
size is not going to be reduced.

The way I have it set up is that $minimum size = an 8th of $maximum size so -40 pips is equal to -5 "big pips".
Even if I destroy 6 boxes in a row, -240 pips, I would only need 30 "big pips" to recover.
And what happens if I make 72 "big pips" within the daily range? I am up 576 pips at $minimum!

So how does one get to $maximum size? It is quite simple really.
1) start thinking of your stop loss as the entry.
2) the midpoint between your stop loss and the current price is
is the "trailing stop"; the moment you feel comfortable with trailing
your stop is the moment you double your position size.
2b) there is another way to add size. Once you liquidate your position,
if price retraces 50% from your exit price to your prev. stop loss then you
can double your size and use said stop position a 2nd time.

If you are in "significant" profit with $minimum size then just liquidate at a profit
else increase by doubling and reduce by halving.
It is so simple that you are going to want to tweak it...do what you want, it is your money :lol:

Once you make it to the first waypoint you will understand that you can do no wrong.

Attached is the current double set of waypoints. You can go white to white or purple to purple or even alternate.
You will notice that it has unrealistic sizes, that is simply for recalculating the size of your risk-box.

Ideas_2_72.png
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Converting Space:
(What $min should be / What $min is)space = space
(.367 / .40)41 = 37.6 space
(.367 / .30)41 = 50.1 space

Regression after Gain:
(% to waypoint / set pip target)waypoint = $/pip
(.21153 / 72)1000 = 2.937
(.1108 / 48)1000 = 2.308
(.0404 / 48)1000 = 0.841
(.0200 / 48)1000 = 0.416
Last edited by MightyOne on Fri Feb 26, 2016 1:15 pm, edited 2 times in total.

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