phewwwwwwwwww, I just scraped through I think....... I cant see that traders would place their stop on all positions at the same place as the first trade. suppose you scale in @ 1.3000 - 1.3500 - 1.4100 - 1.4450 I would not want to lose all those ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

to add a trade because your last trade is in profit is silly. an EA would never differentiate between trends and ranges, retraces and continuation like a trader would, so the results of an EA would be useless to me. I trade only when I see a strong ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

wow pipmeup, you prove everybody wrong..........do you have actually time to trade?

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

who cares what you call the trades: point is that in a well established trend it is very smart to open a new position after each meaningful retrace and the trend resuming. with the older positions at least @ BE under the last swing, you have only 1 ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

let whatfx speak out please........ you never know what even you guys might learn from him!

Simple Sma-based strategy

hi guys, the best ever system I read about trading without a stop loss is on Oanda. this guy made 20% per month for many months. I gave a short outline of this system in the Trading Journal section in the Cinderella threat.

Trading Without a StopLoss

whatfx, your idea will be interesting if there are too many 4-entry losses. in my testing: TP 50 pips........generally the entries were 30 pips apart on average, so on a 2-entry trade I made 50 pips on the 2nd entry and 20 pips on the 1st entry. in ...

Simple Sma-based strategy

hi holy pips, I got to be careful here. these are just figures for H1 TF on A/U and I have no figures for other TF`s of A/U, let alone for the other pairs smilee is trading. a loss with 4 entries is quite large, in my case 680 pips on average. ...

Simple Sma-based strategy

hi kawser, you`re better off to go through that thread and look for his posts. there are not many, maybe 15 posts. he looks for a trending pair paying a high interest. he averages in when the trade goes against him, but he is very picky in how he ...

Cinderella

but then: losses on July 16 and 29, August 7 and 19 totally 5 losses at around 680 a pop = 3,400 pips profits till June 3rd without that April 12 loss = 2,345 pips. extrapolate profits for a rough estimate Jan1 till now 3,500 pips. so profits of ...

Simple Sma-based strategy

thanks, understood...........thought your reply was for whatfx.

Simple Sma-based strategy

smilee, could you have a look at post 138........thanks re post 137: 50 pips TP is more profitable than 30 pips TP for A/U 1H TF. 50TP: profit 2013 year to June 3rd = 1,681 pips with only 1 loss. back testing done manually = headache

Simple Sma-based strategy

whatfx, SL for all 4 positions is the same, see post 1. if you close out the last entry when the next entry is entered, you completely change the system. you will have a large number of smaller losses and if the profits will make up for that is ...

Simple Sma-based strategy

how do you calculate this TP from the 4th entry? could you give an example?

Simple Sma-based strategy

smilee, on 1H TF I have my SL 50 pips above/below 400sma. 60sma entry hit and I place my SL 50 pips above 400sma @ 1.0460 (400sma = 1.0410 + 50 pips). after that it takes a few days to get to 400sma and when price hits the 400sma the value of this ...

Simple Sma-based strategy

thank you smilee, am backtesting A/U from 1 January till now on hourly as I`m not able to keep an eye on things during the eur/us sessions on shorter TF. this is a very small sample and I haven`t finished yet. SL 50 pips below 400sma. TP`s for all 4 ...

Simple Sma-based strategy

smilee, went over your posts again and I don't understand this comment. I thought we were not aiming for a big profit after 4 entries, but just to recover the losses from the first 2-3 entries + a little profit?

Simple Sma-based strategy

smilee, you have to speak up that deviations from the system will not be tolerated. its amazing how people change things without even trying to trade according to the system of the thread starter. clean upppppppppppp............go smilee go

Simple Sma-based strategy

yes, you might be right..........I realize now that if smilee has a loss, it is for 4 trades. to say more than 90% winners is not really the thing to do.

Simple Sma-based strategy

no, that is the beauty of it. he went through a 2,000 pip wobble in July 2007 and at its worst he was down 30% in DD, but recovered completely. in November 2007 he felt the change in the wind and went long yen. anyway, good luck with your journal.

Cinderella