MO's MBT Micro

[razorboy]

I think MO said something as to that effect before.


but it all comes down to the edge

Once you start to see the equity in your account, not as simple money, but in exactly the same way a factory owner sees his machinery and factory productivity, then you will come to terms with drawdown and accept it as a fact of trading

MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.

I'm glad to be able to learn from MO how it is done.

A Tool?
Now that is an interesting view.
The money that makes money should be psychologically compartmentalized as if it's a printing press.

Hmmmmm

[MightyOne]

Once you start to see the equity in your account, not as simple money, but in exactly the same way a factory owner sees his machinery and factory productivity, then you will come to terms with drawdown and accept it as a fact of trading

MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.

I'm glad to be able to learn from MO how it is done.

A Tool?
Now that is an interesting view.
The money that makes money should be psychologically compartmentalized as if it's a printing press.

Hmmmmm

Nobody told you?

Money isn't real...

[Patch]

MightyOne

A couple years ago I heard several New Year's recordings by The Rich Dad Poor Dad man, Robert Kiyosaki, in which he said USDs are fiat, worthless pieces of paper- trash--Now more than ever.

It begs the question, what is real? The paper? What makes real, real?

Patch
In VA

PS No hurry to get your project going, start when you are ready.

[bredin]

There been nothing even remotly real in the usd for a long time. most other currencies too, btw.

Check out a doco called "The Money Masters" its about 20 years old but still the best doco on money by a long way.

G.

[jahjahblessed]

There been nothing even remotly real in the usd for a long time. most other currencies too, btw.

Check out a doco called "The Money Masters" its about 20 years old but still the best doco on money by a long way.

G.

It's a great DOCO. an eye opener for me

[noone22]

People went off-topic meanwhile.

MO, could you clarify
(for pure clarity & taking great interest to the competition into account)
your trading set-up
(if it's not a secret, of course):

- which currency pair(s) are you going to trade

- chart timeframe(s)

- trading time(s) of the day (by EST NY)

- which software for charts

- which software for placing orders

- who is your Forex broker

- are you going to show each & every trade done,
or only selected ones

- is trading by this system going to be your full-time
involment, or you'll be trading other system(s)
in spare time as well

- are you going to automate exits somehow in trading DOM
(I know, how to do this in TradeStation only)
or this will be pure manual "video game"?

- not asking, how you'll be picking entries -
just interesting: you'll be doing this
by looking at charts or
by following some signals/indicators/etc

[MightyOne]

People went off-topic meanwhile.

MO, could you clarify
(for pure clarity & taking great interest to the competition into account)
your trading set-up
(if it's not a secret, of course):

||| TRO_DTB_RAT|||

- which currency pair(s) are you going to trade

||| MAJORS |||

- chart timeframe(s)

||| 30-90m |||

- trading time(s) of the day (by EST NY)

||| 12-6 am |||

- which software for charts

||| MBT DEMO |||

- which software for placing orders

||| MBT NAV |||

- who is your Forex broker

For this thread it is MB TRADING

- are you going to show each & every trade done,
or only selected ones.

I would never cherry pick trades...

- is trading by this system going to be your full-time
involment, or you'll be trading other system(s)
in spare time as well.

I don't plan on spending every waking moment trading pennies & yes I trade other systems.

- are you going to automate exits somehow in trading DOM
(I know, how to do this in TradeStation only)
or this will be pure manual "video game"?

I plan on exiting manually.

- not asking, how you'll be picking entries -
just interesting: you'll be doing this
by looking at charts or
by following some signals/indicators/etc

1. price makes a new daily low
2. price does not move lower on the next candle
3. Enter 20 pips from the low
4. Exit reverse if given a signal to trade in the other direction.

As the account grows I would change 1. to:

1. Price makes a new weekly low

As the account grows even more I would change 1. to:

1. Price makes a new monthly low

I would then not be getting signals to reverse the trade as often and would thus be targeting a greater number of pips.

[rrobin]

GO MO GO

[cfabian]

but you need an insurance in your working capital (printing press).... what gives some sort of relief on contingencies.... we cannot insure or equity in trading, damn it!!!!!!!

Once you start to see the equity in your account, not as simple money, but in exactly the same way a factory owner sees his machinery and factory productivity, then you will come to terms with drawdown and accept it as a fact of trading

MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.

I'm glad to be able to learn from MO how it is done.

A Tool?
Now that is an interesting view.
The money that makes money should be psychologically compartmentalized as if it's a printing press.

Hmmmmm

[cfabian]

Isn't your 8 pip SL (including spread) extremely aggressive for trading the rat???? That would mean you have to make all clean entries in order to succeed the plan!!!!

People went off-topic meanwhile.

MO, could you clarify
(for pure clarity & taking great interest to the competition into account)
your trading set-up
(if it's not a secret, of course):

||| TRO_DTB_RAT|||

- which currency pair(s) are you going to trade

||| MAJORS |||

- chart timeframe(s)

||| 30-90m |||

- trading time(s) of the day (by EST NY)

||| 12-6 am |||

- which software for charts

||| MBT DEMO |||

- which software for placing orders

||| MBT NAV |||

- who is your Forex broker

For this thread it is MB TRADING

- are you going to show each & every trade done,
or only selected ones.

I would never cherry pick trades...

- is trading by this system going to be your full-time
involment, or you'll be trading other system(s)
in spare time as well.

I don't plan on spending every waking moment trading pennies & yes I trade other systems.

- are you going to automate exits somehow in trading DOM
(I know, how to do this in TradeStation only)
or this will be pure manual "video game"?

I plan on exiting manually.

- not asking, how you'll be picking entries -
just interesting: you'll be doing this
by looking at charts or
by following some signals/indicators/etc

1. price makes a new daily low
2. price does not move lower on the next candle
3. Enter 20 pips from the low
4. Exit reverse if given a signal to trade in the other direction.

As the account grows I would change 1. to:

1. Price makes a new weekly low

As the account grows even more I would change 1. to:

1. Price makes a new monthly low

I would then not be getting signals to reverse the trade as often and would thus be targeting a greater number of pips.