THE MACRO PIP

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aliassmith
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Re: THE MACRO PIP

Postby aliassmith » Fri Jul 31, 2015 4:33 pm

MightyOne wrote:
prochargedmopar wrote:With the activity in this thread, It appears most are unwilling to let go of the MICRO pip.

:smt024


You don't have to 'give up' the micro pip.

Let's say that you trade Space Wars at $0.10/pip.

If you make 15 macros at $0.30/pip ($45) then you have 45 space at $0.10/pip.

Accumulate to $3 & 100 space and the same 15 macros is $450.
We are not going to risk all of our labor on one trade so we either trade
2 charts at $1.50/pip or
3 charts at $1.00/pip (10 macros for each).

If you are only at $3 & 60 space then you can reduce to $2/pip for 90 space (9 macros)
or you can reduce to $1.50 for 120 space or 12 macros...

...with the first option you would trade 2 charts with a 9 macro stop for $2/pip &
with the second option you might trade 2 charts with a 6 macro stop for $1.50/pip.

For as long as size can be reduced space can be multiplied & risk can be diversified;
accumulation is critical to your success.


I suppose you mean $0.30 per macro pip. 15 macro pips
for $4.50 space, then 45 micro pips equals $0.10/pip.
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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 31, 2015 5:07 pm

I suppose you mean $0.30 per macro pip. 15 macro pips
for $4.50 space, then 45 micro pips equals $0.10/pip.


That is correct.

As you can tell, I don't spend a lot of time on my posts :lol:

salezyakuku
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Re: THE MACRO PIP

Postby salezyakuku » Wed Sep 09, 2015 2:54 pm

MightyOne wrote:Decision Points:

00:00 to 02:40
Decide if you are going to trade the pair

08:00 is this trade working for or against me?
KEEP or LIQUIDATE?

12:00
KEEP or LIQUIDATE?

16:00
KEEP or LIQUIDATE?

21:20
Check your charts one last time.



I edited Market Sessions indicator. I added one additional period.
It works on M5, if someone need M15 then times need to be change in options:
21:20 to 21:15
02:40 to 02:45

Market Sessions.mq4
(31.82 KiB) Downloaded 32 times
Attachments
macropip2.png
macropip2.png (25.12 KiB) Viewed 1291 times
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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Wed Sep 09, 2015 6:16 pm

salezyakuku wrote:
I edited Market Sessions indicator. I added one additional period.
It works on M5, if someone need M15 then times need to be change in options:
21:20 to 21:15
02:40 to 02:45

Market Sessions.mq4


Thanks salezyakuku :D

JanHetzer
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Re: THE MACRO PIP

Postby JanHetzer » Wed Sep 09, 2015 10:31 pm

Working for me, thank you.

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