Money management test
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Thread: Money management test

  1. #1
    What makes a trader truly successful over the long duration of their trading profession. And that which makes a trader different then a gambler. . I believe the advantage to be only in money management so im going to test that... hopefully ill find something helpful. Each MM style will get 1000 trades along with the exact same entrance type. .

    We enter long at a 50% retrace of a leg that has broken the previous waves high.

    We enter short at a 50% retrace of a leg that has broken the previous waves low.

  2. #2
    Hi Domino,

    I have been trading for years, and it's true that MM is vital.

    However, is also very important to get a fantastic system, which you follow religiously.

    Therefore:

    1) Good system
    2) Discilpine
    3) Money Management

    = Golden triangle.

  3. #3
    Quote Originally Posted by ;
    Hi Domino,

    I have been trading for years, and it is correct that MM is vital.

    But is also essential to get a good system, that you simply follow religiously.

    Therefore:

    1) Great system
    2) Discilpine
    3) Money Management

    = Golden triangle.

    Excel FX
    yeah ive been trading for about five years likely about 3.5 of them profitably but ive always had this sense that its my MM that does all the actual work not the machine and I only want to conduct a series of tests that determines if thats it or not. we're constantly trying to learn.

  4. #4
    Quote Originally Posted by ;
    yeah ive been trading for approximately five decades probably about 3.5 of them profitably but ive always had this sense that its own MM that does all the real work not the system and I only need to run a set of evaluations that determines whether thats it or not. we are constantly trying to find out.
    Sounds Amazing.

  5. #5
    First commerce proc'd GBP/CAD extended
    STOP 111pip
    TAKE 333pip

  6. #6
    With 3 times risk we could say if we acquire over 25% of the time we earn money.

  7. #7
    EUR/Jpy proc'd in 129.665 short

  8. #8
    Aud/NZD proc'd in 127.827 LONG

  9. #9

  10. #10
    GBP/USD

    LOSS

    week start

    win-0
    loss-1
    pending-3

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