I have set the 5V to reduce the noise, but if you think you can make a constructive comment-post, you can do it with PM or even from my buddy list.
The trading plan is relative simple: I am starting positions against last movement. Other are using Pivot levels, but at Oanda-s chart those pivots indicator are horible. Only the las value should be there. At Android Mt4 platform I can't use it, so it is invisible for me. For example: if the price touch the Resistance 1 or 2 level than I start a long ( when the price move down enough down) I will see, hope when to get out. Sometimes 10 pip, sometimes 20, sometimes 40. Usually I see when the price don't want to make a move or want to make a break ( some Momentum value ) I will close my position often to soon, because of fear to not turn in loosing one.
Sometimes the price instantly moves against me, than mostly I will wait until stop and I will add to my loosing position. This behaviour is from Oanda trading, because he didn't let me to hedge positions. Sometimes I will close in BE, sometimes in profit. Usually I can make profit 2-3 month consecutive, with very-very high win rate: over 60% , sometimes even 90% Last time I had 20 consec wins and after that 1 loss. According to this win rate I have adjusted a bit the leverage: 1:5 to 1:10 for first position and around the same for second, third. With this I can see a floating -20% of my capital. Around -30% I am thinking to close, if I am wrong. Not so often happen to have -30%. Monthly gain is around -10 to +30%, usually around +20%. I read about somebody, who trade at banks, with very big money and 10 pip TP and 90 pip SL. And here it ends the rose part, coming the black one:
Every time, when I close a position which is not an average, than has a massive draw down: -20% -30% or even more...- 50% happent.
It happens from 0.5% max 2% of my trade the price will break out from a channel, without backtest, without any back movement, just a push up, consolidation and push up again and consolidation ( I am eating my fingers already ) and maybe a push up again. From this it would be protected, if I would use a SL or a lower leverage.
If I would use a SL than I am unprotected from broker virtual spikes and those news release spikes which stay for 1h max, mostly 5 min. Except broker virtual spikes it can be helpfully to get out finally from a wrong position.
If I lover my leverage under optimum, than in a long term I am trading with half steam, half efficiently.
Same for long term: it will happen once.... who know when, when I will have a couple of series of loosing trades. And I am happy as it happent right now with live account, with relieve small money. It could be happent, when I was with a lot more:
We can see the Eur/Usd was in a range for 2 weeks, than he tried to get out and got it. There are fundamentals for this news. I was expecting for thins move to happen around 1-2 weeks before and I couldn't understand why isn't rainsing this pair once USA is headless. Than it was a push to down and I was scared and I took an exit with -16% -so it is not hard to push the close button, while I am loosing.
But now: series of loose trades and I am out of business? - sounds a bit childish. Lower the leverage and make only 5% / month... doesn't sound a good business, at least for me. I don't want 100% each month, but if under 10% than I need to start looking for a regular business.
I know only a bit I am missing somewhere, but can't see clearly where.
Your advice it would be helpfully, because you are outside and not emotionally implicated, but only if you explain your vision as I can understand it.
Thank you for your effort to make a try.
The trading plan is relative simple: I am starting positions against last movement. Other are using Pivot levels, but at Oanda-s chart those pivots indicator are horible. Only the las value should be there. At Android Mt4 platform I can't use it, so it is invisible for me. For example: if the price touch the Resistance 1 or 2 level than I start a long ( when the price move down enough down) I will see, hope when to get out. Sometimes 10 pip, sometimes 20, sometimes 40. Usually I see when the price don't want to make a move or want to make a break ( some Momentum value ) I will close my position often to soon, because of fear to not turn in loosing one.
Sometimes the price instantly moves against me, than mostly I will wait until stop and I will add to my loosing position. This behaviour is from Oanda trading, because he didn't let me to hedge positions. Sometimes I will close in BE, sometimes in profit. Usually I can make profit 2-3 month consecutive, with very-very high win rate: over 60% , sometimes even 90% Last time I had 20 consec wins and after that 1 loss. According to this win rate I have adjusted a bit the leverage: 1:5 to 1:10 for first position and around the same for second, third. With this I can see a floating -20% of my capital. Around -30% I am thinking to close, if I am wrong. Not so often happen to have -30%. Monthly gain is around -10 to +30%, usually around +20%. I read about somebody, who trade at banks, with very big money and 10 pip TP and 90 pip SL. And here it ends the rose part, coming the black one:
Every time, when I close a position which is not an average, than has a massive draw down: -20% -30% or even more...- 50% happent.
It happens from 0.5% max 2% of my trade the price will break out from a channel, without backtest, without any back movement, just a push up, consolidation and push up again and consolidation ( I am eating my fingers already ) and maybe a push up again. From this it would be protected, if I would use a SL or a lower leverage.
If I would use a SL than I am unprotected from broker virtual spikes and those news release spikes which stay for 1h max, mostly 5 min. Except broker virtual spikes it can be helpfully to get out finally from a wrong position.
If I lover my leverage under optimum, than in a long term I am trading with half steam, half efficiently.
Same for long term: it will happen once.... who know when, when I will have a couple of series of loosing trades. And I am happy as it happent right now with live account, with relieve small money. It could be happent, when I was with a lot more:
We can see the Eur/Usd was in a range for 2 weeks, than he tried to get out and got it. There are fundamentals for this news. I was expecting for thins move to happen around 1-2 weeks before and I couldn't understand why isn't rainsing this pair once USA is headless. Than it was a push to down and I was scared and I took an exit with -16% -so it is not hard to push the close button, while I am loosing.
But now: series of loose trades and I am out of business? - sounds a bit childish. Lower the leverage and make only 5% / month... doesn't sound a good business, at least for me. I don't want 100% each month, but if under 10% than I need to start looking for a regular business.
I know only a bit I am missing somewhere, but can't see clearly where.
Your advice it would be helpfully, because you are outside and not emotionally implicated, but only if you explain your vision as I can understand it.
Thank you for your effort to make a try.
I want to buy PATIENCE