TheRumpledOne wrote:Has anyone coded an indicator or spreadsheet to calculate space? I just can't seem to figure it out. I want to code an indicator but I need exact, detailed, specific formulas.
Isn’t space the formula you share on your videos? Difference is the distance of the said space.
That’s why, MO says once you half your space, you can double your position because max risk is still the same but now you have twice as much of a position.
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BambinoFlex wrote: Isn’t space the formula you share on your videos? Difference is the distance of the said space.
That’s why, MO says once you half your space, you can double your position because max risk is still the same but now you have twice as much of a position.
I think there is more to it than the STOP LOSS and POSITION SIZE formulas.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
BambinoFlex wrote: Isn’t space the formula you share on your videos? Difference is the distance of the said space.
That’s why, MO says once you half your space, you can double your position because max risk is still the same but now you have twice as much of a position.
I think there is more to it than the STOP LOSS and POSITION SIZE formulas.
I remembered watching this video. Going back to it now.
TheRumpledOne wrote:Has anyone coded an indicator or spreadsheet to calculate space? I just can't seem to figure it out. I want to code an indicator but I need exact, detailed, specific formulas.
Bredin did some, I grabbed it before his site went dark. He's a NZer. Probably driving a convoy to his capital to protest the nonsense
Indicators don't work for current MT4 build though.
TheRumpledOne wrote:Has anyone coded an indicator or spreadsheet to calculate space? I just can't seem to figure it out. I want to code an indicator but I need exact, detailed, specific formulas.
Have sent you email, but I use a division of 5/10 not 8 (as its easier to calculate). And I have no idea if the way I do it is how MO did it, (i found his teachings hard to take in at times) but it works well for me. My space is based on my interpretation of what MO taught.
Empirical Trader Current trade music :-https://www.youtube.com/watch?v=4-TbQnONe_w&list=PLOOLsN0qpbu6FdXfoSe8HZgaRIE4S2ssC&index=1
TheRumpledOne wrote:Has anyone coded an indicator or spreadsheet to calculate space? I just can't seem to figure it out. I want to code an indicator but I need exact, detailed, specific formulas.
Have sent you email, but I use a division of 5/10 not 8 (as its easier to calculate). And I have no idea if the way I do it is how MO did it, (i found his teachings hard to take in at times) but it works well for me. My space is based on my interpretation of what MO taught.
Things that MO showed us work how he taught. His teachings however are really ideas that can be implemented in various ways. I see some people get hung up on doing what he said and don't realize its only one way to do what he is teaching.
BambinoFlex wrote: Isn’t space the formula you share on your videos? Difference is the distance of the said space.
That’s why, MO says once you half your space, you can double your position because max risk is still the same but now you have twice as much of a position.
I think there is more to it than the STOP LOSS and POSITION SIZE formulas.
I remember MO trying to explain this to you years ago. You should really run away fast because whenever you see OPM come out somewhere you pop up and are negative about it. OPM and Moving Averages must be trigger words for you.
SPACE Is a methodology of using OPM. If you hate OPM we can call it Donational Investment Capital.
BambinoFlex wrote: Isn’t space the formula you share on your videos? Difference is the distance of the said space.
That’s why, MO says once you half your space, you can double your position because max risk is still the same but now you have twice as much of a position.
I think there is more to it than the STOP LOSS and POSITION SIZE formulas.
I remember MO trying to explain this to you years ago. You should really run away fast because whenever you see OPM come out somewhere you pop up and are negative about it. OPM and Moving Averages must be trigger words for you.
SPACE Is a methodology of using OPM. If you hate OPM we can call it Donational Investment Capital.
As you mentioned, what I understood is that it’s just a different way of seeing money. OPM is also the difference of your starting balance and your current balance if you’re positive. Pretty much you’re not using your own money that you put in (initial investment). TRO says the money is yours when it’s in your account. Both views are correct but the difference is how it personally affects you.
I think it’s great to understand both views and decide what’s best. All this talk about space has really added more to my toolbox. Seeing money in different ways. I can tell that OPM and space are methods developed from experience. Many times we hear “price hit my stop, reversed, and hit my take profit” by problem solving, ideas such as space can be developed.
TheRumpledOne wrote: I think there is more to it than the STOP LOSS and POSITION SIZE formulas.
I remember MO trying to explain this to you years ago. You should really run away fast because whenever you see OPM come out somewhere you pop up and are negative about it. OPM and Moving Averages must be trigger words for you.
SPACE Is a methodology of using OPM. If you hate OPM we can call it Donational Investment Capital.
As you mentioned, what I understood is that it’s just a different way of seeing money. OPM is also the difference of your starting balance and your current balance if you’re positive. Pretty much you’re not using your own money that you put in (initial investment). TRO says the money is yours when it’s in your account. Both views are correct but the difference is how it personally affects you.
I think it’s great to understand both views and decide what’s best. All this talk about space has really added more to my toolbox. Seeing money in different ways. I can tell that OPM and space are methods developed from experience. Many times we hear “price hit my stop, reversed, and hit my take profit” by problem solving, ideas such as space can be developed.
It's more than a different way of seeing money. Its a way of protecting your business. If your business value is $100k you don't want to start the year risking large chunks of it right off the bat.
Throwing $2000 to $4000 at each attempt right away puts great risk to your business. Speeding $330 to $500 allows for some income to be generated inexpensively. This new cashflow can be used for new growth.
The goal at the end of the year is to have $100k plus after paying yourself and expenses.
This is just thinking about it as a business model. It can be similar if you are a professional poker player.
TheRumpledOne wrote:Has anyone coded an indicator or spreadsheet to calculate space? I just can't seem to figure it out. I want to code an indicator but I need exact, detailed, specific formulas.
Bredin did some, I grabbed it before his site went dark. He's a NZer. Probably driving a convoy to his capital to protest the nonsense
Indicators don't work for current MT4 build though.
II_Space_Calculator.mq4
II_Space.mq4
Thanks.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
II_Space_Calculator.mq4
