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 Apr 27, 2016 12:43 pm

Jalarupa wrote:Hey Braathen,

I'm saying I do not understand the way in which you trade multiple charts with macro pips of 8's and then 12's and then 16's...

I don't know really what it all means... The math and the jargon seems to have got me beat...

I mean I understood waypoints... I even figured the math into a excel spreadsheet and back tested it on forex tester 2...

But now macros (the macro pip thread didn't help to understand the current direction of this MM strategy)...

I'm lost brother... It's mainly because I haven't been following along until now...


(%target / dailyPips)accountSize = $_PER_PIP
$_PER_PIP / macroNumber = $_PER_LINE

WE ARE TRADING FOR X_DOLLARS_PER_LINE

If we are looking to make 12 pips per day then that is
12 lines of any macro or of any combination of macros.

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Re: The ideas that I trade by:

Postby MightyOne » Wed Apr 27, 2016 1:07 pm

salezyakuku wrote:Addons:
Lines.png


Salezy, just when I find something to do with my hands you take it away from me :lol:

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Re: The ideas that I trade by:

Postby salezyakuku » Wed Apr 27, 2016 2:50 pm

MightyOne wrote:
salezyakuku wrote:Addons:
Lines.png


Salezy, just when I find something to do with my hands you take it away from me :lol:


You will have more time for new thread. :lol:
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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 28, 2016 3:41 am

Still want to trade for ONES?

Making back 13 lines (4.33%) is easy, just narrow the spacing of the lines.

Making back 208 lines (69.33%) is not as easy, that's game over.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Thu Apr 28, 2016 7:48 am

MightyOne wrote:
Jalarupa wrote:Hey Braathen,

I'm saying I do not understand the way in which you trade multiple charts with macro pips of 8's and then 12's and then 16's...

I don't know really what it all means... The math and the jargon seems to have got me beat...

I mean I understood waypoints... I even figured the math into a excel spreadsheet and back tested it on forex tester 2...

But now macros (the macro pip thread didn't help to understand the current direction of this MM strategy)...

I'm lost brother... It's mainly because I haven't been following along until now...


(%target / dailyPips)accountSize = $_PER_PIP
$_PER_PIP / macroNumber = $_PER_LINE

WE ARE TRADING FOR X_DOLLARS_PER_LINE

If we are looking to make 12 pips per day then that is
12 lines of any macro or of any combination of macros.


Right so here goes...

Image

I have calculated my $/MicroPIP and placed it in as my lot size...

I have taken a trade at the 07 Macro with a hard stop at the 12 Macro...

and set a Alert for me to Scale out at the 09 Macro...

Image

How would this scaling out work? Would I just adjust for the remaining Macro's and place a buy stop order for the difference?

Image

So a buy stop for 0.17?

I feel like I got this all wrong somehow...

Edit So I placed the Buy Stop with a TP at my Stop Loss of my Sell Limit and SL of 11 Macro's away...

I know I'm wrong... would love to know the correct way to go about this...

Image
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Re: The ideas that I trade by:

Postby thepark » Thu Apr 28, 2016 2:47 pm

I don't understand the significance of MACRO pips either. You trade a smaller $/pip by dividing the $/macro-pip by say, 16 and but you are in reality going for pips*16 and calling it a macro pip.

Why do you need to go through all this if you're comfortable trading and risking the real number of pips on the chart? doesnt it make more sense to set a stop based on what is going on on the charts and setting stops behind wicks, extremes etc and of course keeping in mind risk and reward?

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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 28, 2016 5:15 pm

Jalarupa wrote:
...
Edit So I placed the Buy Stop with a TP at my Stop Loss of my Sell Limit and SL of 11 Macro's away...

I know I'm wrong... would love to know the correct way to go about this...



This is called macro SCALPING for a reason.

If we are not risking less than we would if trading for micro pips then what are we even doing?

1) Select an option based on your average stop loss; if 3 lines then select 1% over 3:
(.01 / 6)3000 = $5.00 <--- 5% over 30
(.01 / 5)3000 = $6.00 <---5% over 25
(.01 / 4)3000 = $7.50 <--- 5% over 20
(.01 / 3)3000 = $10.00 <--- 5% over 15
(.01 / 2)3000 = $15.00 <--- 5% over 10
(.01 / 1.5)3000 = $20.00 <---5% over 7.5 lines.

Macro Level & Stop Loss in Lines:
01) 6 to 8
02) 5 to 6
03) 4 to 5
04) 4 to 5
06) 3 to 4
08) 3 to 4
12) 2 to 3
16) 2 to 3
24) 1.5 to 2
32) 1.5 to 2


3) Space the lines based on the weekly median range and the number of lines that you are targeting:

You can expect the current weekly range to fall within 62.5 to 137.5% of the median range
If the median is 230 pips then that gives you a weekly price range of 143.75 to 316.25 pips.

If you decide to trade 14s then there are 16 lines available or a range of 10 to 22 lines.
If you decide to risk 1% over 2 pips then you would divide $15 by 14 and risk 1.07/pip,
$15 per line.


Scaling out/in is simply a mid trade widening or narrowing of the spacing of the lines, it is just a speed dial.

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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 28, 2016 5:32 pm

thepark wrote:I don't understand the significance of MACRO pips either. You trade a smaller $/pip by dividing the $/macro-pip by say, 16 and but you are in reality going for pips*16 and calling it a macro pip.

Why do you need to go through all this if you're comfortable trading and risking the real number of pips on the chart? doesnt it make more sense to set a stop based on what is going on on the charts and setting stops behind wicks, extremes etc and of course keeping in mind risk and reward?


How do franchises succeed? They explicitly define every task so that it is done perfectly and can be duplicated.

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Re: The ideas that I trade by:

Postby aliassmith » Thu Apr 28, 2016 5:48 pm

MightyOne wrote:
thepark wrote:I don't understand the significance of MACRO pips either. You trade a smaller $/pip by dividing the $/macro-pip by say, 16 and but you are in reality going for pips*16 and calling it a macro pip.

Why do you need to go through all this if you're comfortable trading and risking the real number of pips on the chart? doesnt it make more sense to set a stop based on what is going on on the charts and setting stops behind wicks, extremes etc and of course keeping in mind risk and reward?


How do franchises succeed? They explicitly define every task so that it is done perfectly and can be duplicated.


That is great MO is selling Space franchises. =D>
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby Jalarupa » Thu Apr 28, 2016 7:25 pm

Jalarupa wrote:
...
Edit So I placed the Buy Stop with a TP at my Stop Loss of my Sell Limit and SL of 11 Macro's away...

I know I'm wrong... would love to know the correct way to go about this...



Thank you MO for taking the time to instruct me

This is called macro SCALPING for a reason.

If we are not risking less than we would if trading for micro pips then what are we even doing?

1) Select an option based on your average stop loss; if 3 lines then select 1% over 3:
(.01 / 6)3000 = $5.00 <--- 5% over 30
(.01 / 5)3000 = $6.00 <---5% over 25
(.01 / 4)3000 = $7.50 <--- 5% over 20
(.01 / 3)3000 = $10.00 <--- 5% over 15
(.01 / 2)3000 = $15.00 <--- 5% over 10
(.01 / 1.5)3000 = $20.00 <---5% over 7.5 lines.

Am I risking 5% on each trade at a full stop of 3 Lines? - cause that is what I am getting out of the equation...

Macro Level & Stop Loss in Lines:
01) 6 to 8
02) 5 to 6
03) 4 to 5
04) 4 to 5
06) 3 to 4
08) 3 to 4
12) 2 to 3
16) 2 to 3
24) 1.5 to 2
32) 1.5 to 2

Is the above the same as saying Lines / Risk Amount?

3) Space the lines based on the weekly median range and the number of lines that you are targeting:

You can expect the current weekly range to fall within 62.5 to 137.5% of the median range
If the median is 230 pips then that gives you a weekly price range of 143.75 to 316.25 pips.

If you decide to trade 14s then there are 16 lines available or a range of 10 to 22 lines.
If you decide to risk 1% over 2 pips (Macro Pips of 10 Micro Pips Each?) then you would divide $15 by 14 and risk 1.07/pip, So this is your initial lot size? .... or what is that and how do I get there? ... what am I risking to get what, I guess is what I am asking?
$15 per line.


Scaling out/in is simply a mid trade widening or narrowing of the spacing of the lines, it is just a speed dial.

Is there anyway to narrow the spacing lines (I'm sure the equation is already above just want to check) by entering another trade? or do I liquidate and reenter with a lower lot size based off of the equation? - Just trying to understand how admin intensive this method is?

Whatever happened to halving size to increase space?

I guess what I am asking for is a lesson in practical application... Using the Indicator ... and doing the math on the fly...

Thank you so much for your time... and if anyone else feels like they can help please PM me... I don't want to derail this thread

Thank you!


Image

Its really not for want of trying to understand...
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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Thank you for your support.


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