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I was just thinking that by waiting until marigin call we are actually assuming a stop loss. In the case of a 0.4% per pip trade, of aproximately 185 pips (assuming margin call at 25% equity). Is that right? For example if we had a 100 dollars balance, 0.4 USD * 187 = 75 dollars loss, the ammount necessary to get MC.
I would like to have an good backtester (not MT4) that played actual tick data and historical bid/ask to see if a coin toss EA with 1TP and 187SL would actually work. I know you can hack MT4 to get actual tick data, but not actual spread.
I plan to some day write a custom C backtester (for speed) and use Dukascopy’s free tick data with real historical spread. Then the only accuracy issues would only be the accuracy of that historical data, slippage, and the difference with the feed and prices of the broker I would actually use.
my latest trades (day 2) , i manually closed a couple, and a couple I let ride for a few hours. I would have been better off by a few pips if i had just waited for PT to be hit instead of my manual closes.
Not sure if this is the holy grail or if I am just being lucky.
3 pip targets
Hi Saver0
Thank you for everything you are doing for us. Appreciated your help and generosity. I have loaded EA, Indicator and template in respective folder but indicator and EA is not shown up in navigator folder. Can somebody help me. Thank you in advance.
Bomi
OPen your trading terminal, then go to file/open data folder
put the respective files in the correct MQ4/Experts or MQ4/indicators folder
then restart
good luck
Hi HolyGrailFX,
Yes I did it the same way you have mentioned but some how it is not working. Anyway thanks for your help.
Bomi
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Have you found a way around this ? Or is it possible to have an update where we can turn the Horizontal lines on/off ?
I posted an updated version of the EA which everyone can download.
Yes I did it the same way you have mentioned but some how it is not working. Anyway thanks for your help.
It seems you were having issues downloading the .ex4 files. Try downloading the zip file from the very first post and extract the MQL4 folder into your MT4 MQL4 folder and then restart the terminal. It should work
Focus, Patience, Determination & Order in chaos
Hello,
Thanks as usual for great work and sharing.
I have test this kind of trading 1, 2 or 3, even 5 pips per trade.
But i had some problems:
When you have a bad trade. Means trend change and price didnt reach TP for several hours, several days. You cant trade anymore (long and short at same time is forbidden), till the price reach your tp or margin call. So you take counter trade with less probabilty?
If you find the trend, why take only 1 pip ? Your probablity based on the trend, but if your are sure of the trend, why take only 1 pip? Then if your are note sure of the trend, it means that is random. The market is reccurent, so 1 pip up and down have a very hight probability.
Look at your winning trade, you win 1 pip per trade, but did all your winning trade could have win 2 pips? As allready suggest you can put Be at 1 pip win and try others strategies for bonus.
With slippage, spread etc, finding a good entry for 1 pip is impossible (your probability are probably wrong on real trading). Cause when you push the buy or sell button, price have allready move for x pips + x pips spread… so when you buy or sell you allready have a decalage from more than 1 pip.. do you see what i mean?
With this method, you broker will be very rich too, maybe more…
Sorry dont want to be rude, just speak very bad english
Morning All
I was very kindly invited to this forum by a friend – thanks to him
and to you for bringing your system to a public forum.I have read through, downloaded the “equipment” and am off to set it all up.
How exciting….
Cheers
DocT
limprobable read the first post including all the links.
This is about making 1% a day with 1 pip trades waiting for perfect setups and taking advantage of the 94% win rate.
Hi Saver0,
I have demo account with XM and everything is working fine but I don’t see any order. when I checked journal it is showing some error message. Is it because my broker doesnot allow me take small order? or some other reason. I have attached the file. take your time to reply no hurry. Thank you in advance.
bomi
Limprobable this is about compounding with high percentage trades. You have to change your mind set and think longer term. A few high percentage(99%) trades a day and think long term as the compounding adds up.
And only trade the majors with low spreads. If your broker has anything over 0.5 for the majors you might want to look for a new one.
I have everything loaded and running but am getting HistoryBase: 3041 errors in EURUSD3 in Journal Tab
Any ideas?
And watch commissions. With Tradersway ECN they take 70-80% for 1 pip.
If Saver0 is willing he can add an option to add commission to the TP target,
I would think that an ECN with an average spread of 0.4 and 6usd roundturn commission would hit the TP more often then a nonECN with av spread of 12 ….
I will post an updated version with time zone offset and there could be a bug in disable of buttons during and after news. i will look into that as well.
Focus, Patience, Determination & Order in chaos
With one pip trades and commissions I need 8-9 trades for 1%. Or I can increase my TP to say 3 pips and get better profit to commission ratio.
Oh and the only way this can work is when we find an automatic entry. The cost of you or me screwing up the entry is way to high in my opinion.
The chance of me screwing up is 0.01% (1 / 10,000). That means if I trade a 10 Thousand times, I would fail once. Heck, I will take 1 out of a thousand. With this system, you are starting out with 1 out of 100 failures if you just blindly Buy or Sell. I’m sure you are a pretty good trader already that knows how to read the trend and can spot patterns. So you should easily be at 1/1000 or even 1/10,000 range. Like I said before, it only takes 500 trades to make a 1,000% gain. So even when you have that one failure, you would lose only 1/10th of your gains. You have to cash out at some point and start over again. Maybe you can make 300% gain and then cash out but with another account, cash out at 1000% etc. It’s up to you. Forex is gambling, so you have to be a good gambler and trade with the odds on your side. Be the Casino instead of the gambler, give out the jackpot once in a while but you will be racking in the money 10x or 100x more than the jackpot
Hi SaverO,
I don’t understand very well your math here, infact even using Oanda with 1:50 leverage max allowed , using a TP of 0.5% for 1 pip gain it’s not so hard to hit a liquidation margin which is set (as per Oanda rules) at 50% of the Initial Margin.
Now I didn’t do any math to support this but I guess it could be calculated how much SL in pips your account can handle before a margin call is reached (with no 1-pip TP hit) and I guess it’s much more than 1 out of 10000 trades.
Maybe am I missing something in your system ?
Thx,
Regards
and to you for bringing your system to a public forum.
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