And you didn't prove otherwise. Except in your example which assumes a certain r/r ratio, no edge, not taking into account ta/fa or market conditions, etc. It's absolutely meaningless for what you're trying to "prove". You took certain trade ...

Moving SL to BE is very wrong/noobish

If you're talking about trying to exploit a pricing inefficiency in a three pair hedge, don't waste your time. If you're trying to do a "pairs trade", like in stocks, and trade two correlated pairs when one is outperforming and the other is under ...

Hedging calculation

What are you trying to accomplish? A full hedge? If that's the case then for every 1000 units of e/u you have long you would need a 1000 units for e/c short and 1240 (give or take a couple units) of u/c long. Are you trying to create a synthetic?

Hedging calculation

Then don't trade them.

Hedging calculation

The OP's original statement is generalized and broad and without looking at it in context of specific trades is meaningless. You can't just wrap up anything in trading in a neat little box and expect it to be the end all. CindyXXXX said it best: ...

Moving SL to BE is very wrong/noobish

So you're saying when you close part of a position the broker just takes it off the books without any counter action? No. If you're long 100,000 and you close 50,000 of it, they have to sell that part at a price which will be determined by the ...

Best way to close half an open position

You're going to incur spreads costs either way whether you just "close" part of your position or open a trade in the opposite direction.

Best way to close half an open position

I never go for less than 1:1 knowing the correlation between hit rate and r/r but will scale in/out of trades to increase my r/r as much as possible but focusing on minimizing risk more than anything else and the market will determine reward. One of ...

risk reward / win loss

Here's my guidelines for martinglale: if you think about doing it, have someone kick you in the nuts.

why is everyone so afraid to average down?

Apples and oranges. What you did is world's apart from the proper way to handle it. If 500 pips wipes out 95% of your account you were way over leveraged and then using martingale is just stupid to begin with. Why not give examples that are ...

why is everyone so afraid to average down?

Maybe he wanted to have a discussion about with people instead of just reading about it. Maybe there are new members here that have a different take on it that isn't in previous threads. Does it affect you at all that he started a new thread? Does ...

How do you select your support and resistance levels?

This wasn't directed at me but want to throw an answer in based on how I handle it. I'll scale in after the start of a retrace so if only one order gets picked up I can add to it on a break of the last swing high, basically playing it as a 1-2-3 ...

why is everyone so afraid to average down?

The same could be said for using no stops and there are plenty of traders that don't and are very profitable. The same could be said for trading high leverage yet there are plenty of traders that do it and are successful. It comes down to whether a ...

why is everyone so afraid to average down?

If I understand you correctly you're looking for the formula to calculate your average price. 1st trade - 1 lot @1.5000 Price is now 1.6000 2nd trade 3 lots @ 1.6000 ((1*1.5)+(3*1.6))/4=1.5750 1.5750 would be your average price where if price ...

Calculate Average exit point for various Orders with diferent lots

I missed that you were talking about a displaced center. We're talking apples and oranges. They kick me out every time I try to use loaded dice.

Volatility based trading

And all this time casinos have been basing their probabilities on exactly that for craps. I guess they're going to be embarrassed when they find out the truth. Given a small sample you're correct but over time...

Volatility based trading

Don't know what your point is really. If you're trying to say that the markets aren't random then you're preaching to the choir. I mentioned in my first post that I don't think they're random. I was merely using 50/50 because the original poster was ...

Volatility based trading

The same reason you can flip a coin and get 6 heads in a row.

Volatility based trading

Doesn't work that way. In a completely random market, which it's not, you will have a 50/50 chance of price moving 100 pips in either direction but once you alter one of those targets the probabilities change. With your example you roughly have a ...

Volatility based trading

Position size on nzd/usd would be roughly double that of eur/usd and that will give even exposure. If you match pip values you are going to be about 2:1 on your euro exposure and I don't think that's what you want.

Combining pairs to save pips