Need Risk money management advice - I have 85-80% winning Rate!
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Thread: Need Risk money management advice - I have 85-80% winning Rate!

  1. #1
    Hello forexintuitive member,
    Lets get straight into it! I've built a EA using a super egy. I will leak this egy or PM you in the event that you assist me with my problem.
    So this egy includes a winning rate of 85-97% on Time frames M1-D1. Now please know that which I MEAN by winning rate I am stating that 85%-97% of these signs (on the customized EA) will constantly go in profit. So basically 1 pip but generally based on the timeframe it will always be higher then 1 pip. Now my issue is cash management. My system will go in profit a lot BUT it can return A LOT ahead of its in profit. However, 85%-97% of the time it will be in profit so I am not too worried.
    The matter is I can not use Stop Loss. Also my system we do 1 signal at a time. So if we've got a open buy that the EA will shut on opposite signal.
    Also I am guessing Trailing might be our very best alternative.

    My Problems -
    I don't have any idea what these trailing versions are. I just know Course Cease Not these.
    That I don't have any idea how to cut losses on the trade.
    My EA does not have Doubling or tripling up, but will you think that will even work?
    For backtesting just how many months back if I use?

    P.S Comment below or PM your preferences which you would use to These trailing settings and Take profit.
    My system works on over 20 Pairs. So hit me with those settings/Timeframe/Pair and the number of months back were going to examine it. Remember Should you assist me, I'm sure as hell am going to put my full effort into helping you.




    Thank you for a good one.

  2. #2
    Quote Originally Posted by ;
    try to risk 10% in each trade and close with each 10% profit. That's far better than risking everything suddenly, Good luck. But personally I suggest you to learn fundamental and trade the news. A sudden jump in volatility will be quite dangerous for you.
    I am not searching for big risk big reward, I want to exchange safe. With a big captial that it can be a big gain. A lot of 1.00 and grabbing 50-100 pips in the EA is the ideal 1st goal for me.

  3. #3
    You can use martingale, double your lot on each win, exit after 10 win, make your money out, and get it done again.

    Can you provide a clue on the egy?

    If you ship me the egy by PM, I will provide more info.
    .

  4. #4
    I believe that you must show us your egy before you ask for advice, because nobody can assist you and totally understand you until you provide us a chart to describe your platform and we understand it. Do not you believe so?

  5. #5
    Quote Originally Posted by ;
    quote So your results look like this. ***Not my TE. picture
    Give me a time and what number of months and I will show you! But yes it appears very similar to that.
    Have you got a means to cover this?

  6. #6
    Quote Originally Posted by ;
    Do you exchange all 20 pairs at precisely the same time or only 1 pair at a time? You could do something very similar to what I do. At signal reverse, I take the signal, and close out just the ones in loss to let the profits run. picture
    Yes I can exchange all 20 pairs I might just need to update My vpn! Can you describe to me how you do this?

    Thanks!

  7. #7
    [quote=E300;9154152] I am saying that 85%-97% of the signals (on the customized EA) Will always go in profit. So basically 1 pip but generally depending on the time frame it will always be higher then 1 pip. My issue is cash management. My system will proceed in profit a lot . However, it can return A LOT ahead of its in profit. But 85%-97% of the time it'll be in profit so I am not too stressed. The issue is I can't use Stop Loss.

    Brief answer, you don't have a system. Your system is no better than random. You have to start again from the beginning.

  8. #8
    [quote=eozdural;9154431]
    Quote Originally Posted by ;
    I am stating that 85%-97% of the signs (on the custom EA) will constantly go in profit. So basically 1 pip but generally depending on the time frame it will always be higher then 1 pip. My issue is money management. My system will go into profit a lot BUT it could go down A LOT ahead of its in profit. But 85%-97% of the time it'll be in profit so I am not overly stressed. The matter is that I can not use Stop Loss. Short answer, you don't have a system. Your system is no better than random. You have to begin again from the beginning.
    Please explain.

  9. #9
    Quote Originally Posted by ;
    quote Not sure how as I don't have any idea what your egy is. Conventional wisdom tells us two kinds of exit egies: 1 ). Cut profits brief and allow losses operate 2. Cut losses short and let profits run Both are faulty imo since they are dependent on your forced interpretation of whether your egy will work in the specified market conditions. We expect something from the market and market will exactly the reverse of what you want from it. My approach is Market independent/neutral entrances with no regard to range/trend/SR/SD/News/bounce/ / breakout/pivot/fibo/blah...
    Given that winners appear to bigger than losers based on your maximum run-up vs draw down, it seems to me you are searching for a transactions that are directional - that normally implies lower liquidity / greater volatility instruments.

    If you've got a market neutral egy, an entry method that's agnostic for technical analysis and so on, then how are you analyzing the market you wish to trade. Is it mechanical analyzing% change in price, ADX or some kind of variant? Or is it instinctive / fundamental, as an example, oil is volatile directional market now'I will exchange that'.

    Due

  10. #10
    [quote=E300;9154434]
    Quote Originally Posted by ;
    quote please clarify.
    Price action frequently moves in waves back and forth, so on almost any randomly opened place there is a really good chance that price action will gradually return you to some positive value. But there are a few cases, not very frequently, but frequently enough when price action will take off and will go so far from you or will go against you for such a long time, or will do both, that you can't endure. The two examples from my own trading history come to mind:

    1. Brief September 2014, uSD/JPY, I moved and price just took off against me. I eventually closed for a reduction, but I might have waited until I was margined out.
    2. GBP/NZD, I moved long early December 2015, it moved positive a bit, but not enough for me and it took me to a margin close.

    What it sounds you are asking is whether you can fix your problem of having open positions which most frequently go at least a little bit positive but sometimes make big losses, using just money management. The answer is no. Nothing will be solved by money management alone. You need to be right in your mind when you open positions and you need to be right in your mind when you close rankings, and in addition, you require money management. And so for that you will need expertise, and a lot of losses and a lot of wins and a lot of screen time.

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