Well I considered going no SL for a while, or BIGGER SL and nahhhh advantages yes but the disadvantages for my method out weight them... 1. increase in win rate, but decreased R:R 2. I'd have to scale back my Lot sizes, 1/3rd the size, then I'm not ...

Trading Without a StopLoss

Nearly there I think, time to sack well myself

Trading tips from inexperienced trader

Trading is hard work, but it isn't exactly work, I aim to be Full Time SOON!! can't be soon enough believe me, although it does concern me that I'd just be moving money around from them to me hopefully and not actually doing anything tangible, I've ...

Trading tips from inexperienced trader

Incomprehensible to you maybe, but no issues for me completely comprehensible infact, merely too confusing for you.

Trading Without a StopLoss

They'll never get it, lets put it real simple for them. If he thinks the market is going UP then he will go long, no timing when to enter or pretence of being able to cause it is a pretence and he will hold till he thinks the market is going to the ...

Trading Without a StopLoss

You realise, he can manually close out a trade if the trend changes direction. generally what we should be doing is buying a pull back in an uptrend, and holding till nice profits or a downtrend starts then trust that and exit. No SL just meand no ...

Trading Without a StopLoss

Trust that's sarcasm right ??

95% traders go broke, only 5% survive

Standard bad setup, we all take again and again and again, if the market is going UP don't try to pick a top and short it, if you can not do that 1 thing then you'll be okay. If you've got the balls to jump in Long then you'll do more than okay.

Thoughts/Thought Experiments on Money Management and Trading

I'm a re optomise every weekend kinda guy well at times, the market changes, so why not have what's worked best for the previous week, good odds it'll be pretty close for the up coming week, perfect ofcourse not, nothing ever will be.

Opinions on how far to backtest

Trusting it enough to trade it, tried 100's of ma based systems over the years, i know then work cause i keep trading against them and losing doh!

Do you believe moving average systems work?

Like I said, have to be prepared for Manual Close trades at a loss, when they are likely to keep going the wrong way. 200-300Pips again, on EJ in a short period of time is possible, like the 100 which happened pretty damn quickly. I'm going to ...

Trading Without a StopLoss

Reviewing my trades, would I be better off without SL's my method is pretty strong and I'm not sure. Obviously I'd have to be prepared to manually exit when a trend changes and it's going to continue to go without me, but that's easier said than ...

Trading Without a StopLoss

With Forward testing to, if it works keep using it, until it stops working then stop using it and hope you've made more than it loses when / if it stops.

Opinions on how far to backtest

First week back and live using new method, +6% despite some real bad random chances, so its looking good, 60% efficent at using method live, abit more work to do, 80% would do. Ask me again in a few weeks. You ?

Do you believe moving average systems work?

Still MA based, but don't really use as a S/R basis any more, these days I trade M5 using a 60sma for direction, if it's going up longs, then I use a 26sma with 0.1% and 0.2% Envelopes and basically go Long with 60 is up in the near the 60 to the ...

Do you believe moving average systems work?

Real money is different, use Demo to prove a method works, then use small Lot sizes / account size to prove you can do it with real $$$'s, then effectively trade of your profits not of your base amount, try to take that out if possible, then ...

Is trading really that hard?

Well bike is all here and built and ready to role, better put my focus back onto trading, hey I'm easily distracted by bikes!! I have been watching though, and basically if I trade with the M5 60sma's direction and respect my ranges then I'm golden. ...

Is trading really that hard?

15 - 30 here, A 25 is pretty much going to happen in the next hour or so either way, so your right or wrong simple as pretty much, not much left to random chance. A 130 can take a few days of price wandering around, yes you can improve your odds ...

Is trading really that hard?

Okay what do you USE and I'll come up with your max theoritical W:L ratio.

Is trading really that hard?

Won't get a huge account change most likely with your big SL / TP sizes/ Come on roughtly what's your win rate, I bet it's 50% +/- 5%!

Is trading really that hard?