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 Forex Version XII, Foreign Exchange Market Discussion

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zDarkForceSz
post Sep 26 2013, 10:23 AM

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QUOTE(cpleng7 @ Sep 26 2013, 10:00 AM)
yes you can change the tp/sl by using the modify, the modify limit depend on what broker that you use.
For me fxprimus has the minimum st/tp which set at 30pips.

have fun to play on forex .
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my broker FxPro has no limit. you can set what ever number you want =x
ProperTYcoon
post Sep 26 2013, 10:32 AM

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QUOTE(zDarkForceSz @ Sep 26 2013, 10:23 AM)
my broker FxPro has no limit. you can set what ever number you want =x
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fx primus doesn't have any limit to set SL and TP bro
cpleng7
post Sep 26 2013, 10:44 AM

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QUOTE(zDarkForceSz @ Sep 26 2013, 10:23 AM)
my broker FxPro has no limit. you can set what ever number you want =x
*
haha... actually with/without limit also have their own benefit, it depend on what trading strategy that you use.

I prefer use 1:3 trading method, which is place 30 pips as stop lose, 100 pips as winning pips.


1:3 rule trading strategy
- place a stop lose 1, take profit is 3 times
- for example : I am always use put stop lose 30 pips , take profit 100 pips.

- let say in a 10 times trade, 3/10 times you win only , other 7 times you lose for it
- eventually you are the winner for this event
- calculation : win 3 times * 100pips = 300pips
loose 7 times * 30pips = 210 pips
total 10 times you still win 90 pips.


In forex 1 minute chart trading , there are no 100% sure win method, with the above strategy we can get what we need in a month.

So don't wait for it, we play forex together , share out all posible winning pips in here, if we hit 3 times , then we confirm win in this month.


cpleng7
post Sep 26 2013, 10:45 AM

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QUOTE(ProperTYcoon @ Sep 26 2013, 10:32 AM)
fx primus doesn't have any limit to set SL and TP bro
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FXprimus have the minimum SL and TP , I have encounter several times before
zDarkForceSz
post Sep 26 2013, 12:32 PM

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QUOTE(ProperTYcoon @ Sep 26 2013, 10:32 AM)
fx primus doesn't have any limit to set SL and TP bro
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QUOTE(cpleng7 @ Sep 26 2013, 10:45 AM)
FXprimus have the minimum SL and TP , I have encounter several times before
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So by end of the day, with or without lol?
zDarkForceSz
post Sep 26 2013, 12:34 PM

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QUOTE(cpleng7 @ Sep 26 2013, 10:44 AM)
haha... actually with/without limit also have their own benefit, it depend on what trading strategy that you use.

I prefer use 1:3 trading method, which is place 30 pips as stop lose, 100 pips as winning pips.
1:3 rule trading strategy
- place a stop lose 1, take profit is 3 times
    - for example : I am always use put stop lose 30 pips , take profit 100 pips.

- let say in a 10 times trade, 3/10 times you win only , other 7 times you lose for it
    - eventually you are the winner for this event
    - calculation : win 3 times * 100pips = 300pips
                        loose 7 times * 30pips = 210 pips
                        total 10 times you still win 90 pips.
In forex 1 minute chart trading , there are no 100% sure win method, with the above strategy we can get what we need in a month.

So don't wait for it, we play forex together , share out all posible winning pips in here, if we hit 3 times , then we confirm win in this month.
*
I agree with your method where I'm using this method too.
qwertyuioped
post Sep 26 2013, 12:47 PM

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QUOTE(zDarkForceSz @ Sep 26 2013, 01:34 PM)
I agree with your method where I'm using this method too.
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Yea, like i said before, its all about money management and risk-reward ratio! Any strategies with more than 50% winnng rate is good enough.
jeanhl
post Sep 26 2013, 01:38 PM

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QUOTE(cpleng7 @ Sep 26 2013, 10:45 AM)
FXprimus have the minimum SL and TP , I have encounter several times before
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bro you dont need to set tp and sl when open the trade, just set them after you open them. then you wont have this problem
cpleng7
post Sep 26 2013, 01:51 PM

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QUOTE(jeanhl @ Sep 26 2013, 01:38 PM)
bro you dont need to set tp and sl when open the trade, just set them after you open them. then you wont have this problem
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Yeah JeanHL you are right man.
but because of I am playing the 1 min chart , the pips response very fast, sometimes hard to follow it.
jeanhl
post Sep 26 2013, 01:59 PM

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QUOTE(cpleng7 @ Sep 26 2013, 01:51 PM)
Yeah JeanHL you are right man.
but because of I am playing the 1 min chart , the pips response very fast, sometimes hard to follow it.
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if you are scalping you can also use EA or scripts to help you set tp and sl, more convenient.
zDarkForceSz
post Sep 26 2013, 02:06 PM

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Anyone here understand/ using Sonic R. System?
My head going to burst -.-
Too many stuff dunno where to start.
sleepwalker
post Sep 26 2013, 02:11 PM

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QUOTE(cpleng7 @ Sep 26 2013, 01:51 PM)
Yeah JeanHL you are right man.
but because of I am playing the 1 min chart , the pips response very fast, sometimes hard to follow it.
*
I use a script made by Steve Hopwood (long time traders would know who he is) with preset TP and SL to open my trades. I just run the script and it opens my trade with a preset TP and SL based on the number of pips that I set. This is especially good if you are trading in a fast 1 min charts like I do.
jeanhl
post Sep 26 2013, 02:16 PM

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QUOTE(sleepwalker @ Sep 26 2013, 02:11 PM)
I use a script made by Steve Hopwood (long time traders would know who he is) with preset TP and SL to open my trades. I just run the script and it opens my trade with a preset TP and SL based on the number of pips that I set. This is especially good if you are trading in a fast 1 min charts like I do.
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yeah thats the best one i used so far and best of all its free
SUShighlowyat
post Sep 26 2013, 11:54 PM

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QUOTE(cpleng7 @ Sep 26 2013, 10:44 AM)
haha... actually with/without limit also have their own benefit, it depend on what trading strategy that you use.

- let say in a 10 times trade, 3/10 times you win only , other 7 times you lose for it


So don't wait for it, we play forex together , share out all posible winning pips in here, if we hit 3 times , then we confirm win in this month.
*
this is how martingale/position-sizing user believe how forex market works
in fact they say only need 1 win out of 10 trades to make profit
i ve seen 14 consecutive losses and 25% drawdown.. thats where i stop position sizing. that was 5 years ago

This post has been edited by highlowyat: Sep 27 2013, 03:26 AM
SUShighlowyat
post Sep 27 2013, 12:34 AM

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reversal area. target is 1.2800

user posted image
zDarkForceSz
post Sep 27 2013, 10:22 AM

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QUOTE(highlowyat @ Sep 26 2013, 11:54 PM)
this is how martingale/position-sizing user believe how forex market works
in fact they say only need 1 win out of 10 trades to make profit
i ve seen 14 consecutive losses and 25% drawdown.. thats where i stop position sizing. that was 5 years ago
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martingale sometimes is still prove useful.
thats how MMs do the job.
sebastian.twz
post Sep 27 2013, 03:25 PM

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QUOTE(highlowyat @ Sep 27 2013, 12:34 AM)
reversal area. target is 1.2800

user posted image
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I am already in half size... but i got a feeling the Euro Bulls will want to challenge the previous high... another half lot there biggrin.gif

zDarkForceSz
post Sep 27 2013, 05:32 PM

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Guys look at EJ. Euro bulls is charging.
ProperTYcoon
post Sep 27 2013, 06:36 PM

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QUOTE(zDarkForceSz @ Sep 27 2013, 05:32 PM)
Guys look at EJ. Euro bulls is charging.
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looking at EU, expecting to bear
zDarkForceSz
post Sep 27 2013, 07:48 PM

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QUOTE(ProperTYcoon @ Sep 27 2013, 06:36 PM)
looking at EU, expecting to bear
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i think it take days.
Not tonight.

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