Lets see how this thing works
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Thread: Lets see how this thing works

  1. #1
    aces
    Guest
    Proceed TO POST #89 PAGE 6 FOR THE NEW STRATEGY


    Hello everyone, this thread will talk about my new trading system, I have a medium long term functioning greatly where money management is king and it helps me to remain constant.
    But as every medium term swing/trend follower in certain period it takes some time to see profit. So I made a decision to develop a new one at which the win % will be high while my RR will be 0.5, in this way I will take profit early and that I #8217;ll avoid the usual trend followers issues. I will #8217;t demoing my method because without real money I don#8217;t believe the same emotions than reside trading! So with this particular journal I#8217; I ll have to show my transactions and my feelings will probably be similar to this live account
    About my system:
    I will open my transactions (only on Eur/Usd) using all my timeframes, starting from daily searching for resistance area, trend lines ecc#8230; going to reduced timeframes, I#8217;ll attempt to take the profit I desire, opening and closing will be a little discretionary (tape studying ) but that I will attempt to give greatest explanation of my analysis so everybody will be able to learn something, and I#8217;ll be able to learn something from you too. I#8217;ll attempt to write all of my trade live, but occasionally I#8217;ll don#8217;t have some time I#8217;ll write after the session.
    Money Management
    I utilize a super strict money management I truly despise big drawdowns so that I attempt to don#8217;t shed more then 10% (never attained that amount, my Max DD thus much has been 7%), a 10% DD would likely worry me a lot resulting in errors#8230; therefore I place a 0.5percent of my account on every trade and I attempt to make a 0.25%.

  2. #2
    aces
    Guest
    Since now my results have not been the greatest, but I am sure I will improve in the next days/weeks

    what I am searching for is to have 40% gain rate and to gain twice greater than losers.

    So far the results have been:

    30 percent drops along with a 70% reduction,with a 53$ average gain a 36$ typical reduction, MAx DD 350$ (or 5.8%).

    Still need to improve a lot, will see in the future!

  3. #3
    aces
    Guest
    Ok, I am still short, seem to get in @ 1.2602

  4. #4
    aces
    Guest
    Let's get started!!

    I decided to risk 10000$ (clearly not actual )
    I will place just a 0.5% a transaction, and I will compound it every single day.

  5. #5
    aces
    Guest
    Quote Originally Posted by ;
    If you don't need to lose more than 10% of your account to drawdown, why not place 80% of your account at a bank CD rather than letting it sit there doing nothing.
    That's a great idea! I never tought about it... Will take some info
    Thank you!!

  6. #6
    aces
    Guest
    I had been not able to say something significant... I will don't trade very frequently, 3-4 times a day, some days I don't trade at all! I try to ch the top setups and make my 0.25% at a time.
    is essential as anithing else.

    One more thing, sorry for my english!!!

  7. #7
    aces
    Guest
    Okay first trade in!
    Extended @ 1.2608
    SL 1.2563 place
    Tp place: 1.2622

  8. #8
    esnTknuTavo
    Guest
    Extended @ 1.2608
    SL 1.2563 area
    Tp area: 1.2622

    Hey comeon to accept 14 pips as profit you create 45 pips as stop lose!!!!

  9. #9
    aces
    Guest
    Quote Originally Posted by ;
    Long @ 1.2608
    SL 1.2563 area
    Tp area: 1.2622

    Hey comeon to accept 14 pips as profit you make 45 pips as stop lose!!!!
    yep you're right, I put a wrong SL here on FF, sorry for that...
    need a small practice to put transactions here eh eh...
    therefore SL had been 1.2575 and it has already been hitted...

  10. #10
    aces
    Guest
    So first trade:
    Missing 0.5%
    will see second trade

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