Togu, here is a link to a recent post of mine, showing the basic formula that I use: url Applying the formula to your question: Capital $$ = stoploss distance x $10 x lot size / Risk % rearranging gives lot size = Capital$$ x Risk % / (stoploss ...

Money Management question

Thanks Bill, great points, excellent article. David (Along with similar birthdays, looks like we have a similar number of posts here also )

95% of traders don’t follow rules

"Intelligent" EAs — I guess there’s always going to be some debate as to where the line between "discretionary" and "mechanical" exists. For me (and to keep it simple!), if the concept is tight (inflexible) enough to be programmable ...

Any pin will do?

OK, let’s clarify — @Lesaurus Re discretionary trading: If a "discretionary" trader has a rationale – a plan that gives him an edge – that he implements systematically, then he should definitely be profitable. But if there is no rationale, no ...

Any pin will do?

Dan, I'm not suggesting that a "wide SLs and tight TPs" approach is necessarily more profitable; I'm just saying that there's no reason why one shouldn't think outside the squares beyond the conventional "high RR" approach. At the end of the day, ...

Important – Why systems are profitable (or not)

Paul, if I may poke my nose in once again: Re your comments on discretion, I don’t see any difficulty trading pin-bars on a mechanical basis. For example, in the link from Ademac, he has devised a 35% rule which could be easily and objectively ...

Any pin will do?

Interesting thread, Ademac, many thanks. Some good live chart-based examples and the two PDFs are a valuable read, IMHO. The idea of waiting for a retracement following a pin-bar toward something approaching a double top provides an excellent low ...

Any pin will do?

Tjpld, my knowledge of James16 is somewhat dated now. This is as best as I can remember, perhaps Clockwork71 or somebody else could fill in the gaps: BuOB: bullish outside bar = a bullish engulfing candle. Bar completely engulfs its predecessor, and ...

Any pin will do?

Chart examples — I just "borrowed" these charts from a post by Smikester (http://www.forexfactory.com/showpost.php?p=2033578) and re-annotated them, to illustrate some of the points I was attempting to make back in post# 34. It seems that ...

Any pin will do?

Dan, in your quest to find/develop a system that offers 60%+ entry (i.e. without compromising RR too much), some thoughts of mine here (for whatever they're worth): http://www.forexfactory.com/showthread.php?p=2068062 David

New Guy and Exits

Excellent post, Lesaurus, IMHO, and I agree with you on many points. I too believe that, with many traders, "discretion" is merely a euphemism for "lucky guesswork" [Clockwork71, I'm not targeting you, J16, or pin-bars – it's just a general, ...

Any pin will do?

Roman, Shrike is correct. If you buy, then when the order is closed (either by stoploss or profit target being reached, or manually) then the closure is effectively a sell order, hence it's determined by the Bid price. Vice versa for a sell. I don't ...

are you stopped out at bid or ask price?

The only reason I can think of as to why one would want to diversify across multiple brokers is umm, ...... well, think Refco. David

The Kod Unorthodox Strategy!

Hi Pret, The formula I use, as a rough guide, is: Capital $$ = stoploss distance x $10 x lot size / Risk % Hence, if your stoploss is going to be 50 pips from entry, and you're going to trade mini-lot (0.1 lot) positions, and are willing to lose 2% ...

Just a quick question - plsss

Jimo, the simple answer is that with leverage and luck almost anything is possible. The question is: can it be done consistently? 20k to 70k is 250% gain in 7 weeks. Compound that for a year, and (at least theoretically) you'd own half the world in ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Chadrlz, the attached allows you to select time range, colors and number of past days, for up to 3 intraday "sessions". Possibly not quite what you're seeking (for starters, it colors the background rather than the bars themselves), but I hope it ...

A new indicator

Hi Dan, Obviously the result is outstanding (win rate > 50 and RR = 1.8), but IMHO the sample size (41 trades) is too small to have any real statistical meaning. Phil (philmcgrew) has done more testing than I have. I have reached similar conclusions ...

New Guy and Exits

Thanks, MrGreen, interesting read. David

Making money on Demo but not on Live account

Uncletrumpet, see: http://www.forexfactory.com/showthread.php?p=1825195 The post includes features and keys not documented in the on-line help. David

Shortcut keys for metatrader

Xremmy, welcome to the forum. Off the top of my head, I see three possibilities: 1. Your broker is cheating you. Usually this isn't the primary reason for losses, but nonetheless: -- Find out for sure, in your own mind, by establishing a pattern ...

Making money on Demo but not on Live account