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  • #49,721
  • Jul 4, 2025 4:59am Jul 4, 2025 4:59am
Quoting OutThere
{quote} Bravo
Many have discussed in this thread about stop loss for my strategy.

For my system, the price can go against me only when unforseen thing happens.

Like one country putting a bomb on another major county.
Intraday only.
  • #49,722
  • Jul 4, 2025 6:34am Jul 4, 2025 6:34am
No stops averaging into trades is a fun way to trade.
Done that million times.
All good until ..........well we all know how it ends.
on a postive roll...
  • #49,723
  • Jul 4, 2025 7:16am Jul 4, 2025 7:16am
Quoting Stoneyrocks
BREAKING NEWS… {image} {image} {image} https://www.financemagnates.com/fore...n-risk-models/
Never heard of them and predictable.
  • #49,724
  • Jul 4, 2025 7:59am Jul 4, 2025 7:59am
Quoting Rmg
No stops averaging into trades is a fun way to trade. Done that million times. All good until ..........well we all know how it ends.
It is not averaging strategy, but, I just do averaging to take advantage of max 5 pips.

I have posted screen shot above.

Just look at that.

Anyways, as i said, it is not commercial, so, will not gointo deep in this subject.

I have posted entries, just see if this matches with your system entries.
Intraday only.
  • #49,725
  • Jul 4, 2025 8:06am Jul 4, 2025 8:06am
Quoting navk
{quote} It is not averaging strategy, but, I just do averaging to take advantage of max 5 pips. I have posted screen shot above. Just look at that. Anyways, as i said, it is not commercial, so, will not gointo deep in this subject. I have posted entries, just see if this matches with your system entries.
If it's works for you ,fine.
Generally averaging with no stop strategies never ends well.
on a postive roll...
  • #49,726
  • Jul 4, 2025 8:10am Jul 4, 2025 8:10am
jus5 click click click trying to catch the move is very poor habit hard to get rid off.
on a postive roll...
  • #49,727
  • Jul 4, 2025 8:11am Jul 4, 2025 8:11am
Quoting Rmg
{quote} If it's works for you ,fine. Generally averaging with no stop strategies never ends well.
nothing works/worked for many traders,
What worked for you not working for me
What worked for me not working for you.

It is all about, experience in how one looks at various MTF charts
Intraday only.
  • #49,728
  • Jul 4, 2025 8:14am Jul 4, 2025 8:14am
Speaking from experience I have flipped accounts within a session on many occasions only to followed by blown ups.
Anyway good luck.
on a postive roll...
  • #49,729
  • Jul 4, 2025 8:24am Jul 4, 2025 8:24am
Quoting Rmg
Speaking from experience I have flipped accounts within a session on many occasions only to followed by blown ups. Anyway good luck.
I hope You know there is difference between martingale and averaging.

Martingale buy entries for example :

1.3750
1.3725
1.3700
1.3675

Here one is not sure of direction, so keeps adding long entries

Averaging ( DCA ) example for buy trades

1.3740
1.3742
1.3743
1.3744
1.3745
1.37455

The DCA here is 5.5 pips.

Here one knows the direction.

Hope you learn.
Intraday only.
  • #49,730
  • Jul 4, 2025 8:29am Jul 4, 2025 8:29am
Quoting navk
{quote} I hope You know there is difference between martingale and averaging. Martingale buy entries for example : 1.3750 1.3725 1.3700 1.3675 Here one is not sure of direction, so keeps adding long entries Averaging ( DCA ) example for buy trades 1.3740 1.3742 1.3743 1.3744 1.3745 1.37455 The DCA here is 5.5 pips. Here one knows the direction. Hope you learn.
I am trying to learn here.
When will you exit the trades if goes against you.?
on a postive roll...
  • #49,731
  • Jul 4, 2025 8:35am Jul 4, 2025 8:35am
Quoting Rmg
{quote} I am trying to learn here. When will you exit the trades if goes against you.?
In my strategy, it goes against me maximum 15 to 20 pips.

The important thing is it hits my TP without fail every day. Mostly in London session itself.

I open trades at 6 pm est in GU only.

Set my TP also at 6 pm EST.

And i just monitor therefter at times during my night time sleep.

I will be cautious to open trades at 6 pm EST if there is employment news or CPI from London at 2 AM east. ( my night time )

It does not work in gold or Indices for example
Intraday only.
  • #49,732
  • Jul 4, 2025 8:36am Jul 4, 2025 8:36am
Quoting navk
{quote} In my strategy, it goes against me maximum 15 to 20 pips. The important thing is it hits my TP without fail every day. I open trades at 6 pm est in GU only. Set my TP also at 6 pm EST. And i just monitor therefter at times during my night time sleep. I will be cautious to open trades at 6 pm EST if there is employment news or CPI from London at 2 AM east. ( my night time )
You haven't answer my question.
on a postive roll...
  • #49,733
  • Jul 4, 2025 8:40am Jul 4, 2025 8:40am
Quoting Rmg
{quote} You haven't answer my question.
I seen your question. My answer is there also.

It never goes against me at all.

Then only, i think of going against me.
Intraday only.
  • #49,734
  • Jul 4, 2025 8:41am Jul 4, 2025 8:41am
Quoting Rmg
{quote} You haven't answer my question.
If you are NY trader, it may or may not work for you
Intraday only.
  • #49,735
  • Jul 4, 2025 8:41am Jul 4, 2025 8:41am
Quoting navk
{quote} I seen your question. My answer is there also. It never goes against me at all. Then only, i think of going against me.
Seriously.
Let the market show you what I am trying to tell you.
on a postive roll...
  • #49,736
  • Jul 4, 2025 8:43am Jul 4, 2025 8:43am
Quoting Rmg
{quote} Seriously. Let the market show you what I am trying to tell you.
my friend here ( 150km away from me ) keeps telling me this.

I am in trading since 2010.

And i know mostly how GU behaves.
Intraday only.
  • #49,737
  • Jul 4, 2025 8:44am Jul 4, 2025 8:44am
Quoting navk
{quote} .......... Averaging ( DCA ) example for buy trades 1.3740 1.3742 1.3743 1.3744 1.3745 1.37455 The DCA here is 5.5 pips. Here one knows the direction. Hope you learn.
Just out of curiosity—if the direction is already known, why not enter the full position at 1.3740? Adding entries at progressively higher prices (in a bullish scenario) not only raises the average cost but also impacts the overall risk-to-reward ratio.

Logically, DCA is usually applied to reduce the average cost, not increase it. Would love to hear your thoughts on that.
Success = Practice + Patience + Persistence
  • #49,738
  • Jul 4, 2025 8:45am Jul 4, 2025 8:45am
Quoting Rmg
{quote} Seriously. Let the market show you what I am trying to tell you.
Seriously telling here, if someone unable to capture 20 pips cleanly in a day ( thinking of stop loss ), he needs to go back to drawing board
Intraday only.
  • #49,739
  • Jul 4, 2025 8:50am Jul 4, 2025 8:50am
Quoting navk
{quote} Seriously telling here, if someone unable to capture 20 pips cleanly in a day ( thinking of stop loss ), he needs to go back to drawing board
I will go back to drawing board and learn to take predermind losses like a boss.
Nice chatting with you.
on a postive roll...
  • #49,740
  • Jul 4, 2025 8:52am Jul 4, 2025 8:52am
Quoting fxpider
{quote} Just out of curiosity—if the direction is already known, why not enter the full position at 1.3740? Adding entries at progressively higher prices (in a bullish scenario) not only raises the average cost but also impacts the overall risk-to-reward ratio. Logically, DCA is usually applied to reduce the average cost, not increase it. Would love to hear your thoughts on that.
My bias for GU is long since asia open.

My theretical target is 1.3700 +

Asia opened at 1.3650.

I was unfortunately out side totay so, could not capture asian low.

My entry were 1.3654 and below.

Now, coming to your question, one can take fixed price entry too.

I do DCA to make better avearage price.

My forst entry at 1.3654
then DCA

Down to 1.36458

I could get average price 1.3650 almost.

My TP in averaged price is 1.3670.

However, i set 1.3674, which is hit
Intraday only.
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