Thank you so much for the quote! It was an interesting read.

This gave me an idea! Let’s say that I had 2 accounts, each with $100. I go long on one account and short on the other with a lot size equal to 1pip = 0.5% of the account. Now, what is the probability that both will hit 20pip TP before one margin calls, what about for 10pips? I don’t…[Read more]

Thank you so much for the quote! It was an interesting read.

This gave me an idea! Let’s say that I had 2 accounts, each with $100. I go long on one account and short on the other with a lot size equal to 1pip = 0.5% of the account. Now, what is the probability that both will hit 20pip TP before one margin calls, what about for 10pips? I don’t…[Read more]

There is 94% chance that the price will move to 1.40 AND 1.4006 within 24 hours

That’s a very interesting question! This is a bit similar to what I did with Zelo a while back with price levels. To answer your question, one would need to run some statistics. The probability would change when you make it conditional because you are no longer…[Read more]

2 more points to the above post:

1. Using only one open trade per currency pair – it will take long time to reach the SL and prevent the 4-5 trades per day…

2. Using multiple open trades per currency pair – it will prevent using large lots per trade due to account size limitations…

… Real life limitations that are not taken into account…[Read more]

2 more points to the above post:

1. Using only one open trade per currency pair – it will take long time to reach the SL and prevent the 4-5 trades per day…

2. Using multiple open trades per currency pair – it will prevent using large lots per trade due to account size limitations…

G.

More good news guys!!

Before the 94% with 3pip TP was for a trade ending within 24 hours. I now caculated the probability ignoring the time but for actual pip draw down of 100. The 100 pip draw down is when an Oanda 1:50 margin would have a margin call assuming each trade made 0.5% with 1pip TP (this is actually not possible with 1:50 margin, in…[Read more]

More good news guys!!

Before the 94% with 3pip TP was for a trade ending within 24 hours. I now caculated the probability ignoring the time but for actual pip draw down of 100. The 100 pip draw down is when an Oanda 1:50 margin would have a margin call assuming each trade made 0.5% with 1pip TP (this is actually not possible with 1:50 margin, in…[Read more]

Please download the latest version from the first post. I corrected this and the Hour_Offset is a variable which you can adjust now
Also made some performance improvements.

You will have a margin call at 100 pips draw down with Oanda, that is correct. You can lower the TP to something more comfortable with your risk level for sure. For starting out, something like 0.2% might be better giving yourself a 250pip cushion for the market’s recurrent nature to take the trade your way. These 1pip TP trades generally end…[Read more]

Very valid points you make and it something to consider for sure.  Let me explain the theory again perhaps in a different way.

Based on tick data, there is a 94% probability (94/100) of a trade being successful within 24 hours if placed randomly without regard to direction if the trade is for a total TP of 3pips (we need 3pips to count for…[Read more]

Feel free to adjust the TP_Pips to something a bit higher to count for the commission. I imagine with commission, your spread would be a lot lower. For example with Oanda, I’m getting about 1.5pips for spread so for both ways thats 3pips + 1pip TP, I need to catch in reality 4pips. So adjust yours for a total TP of around 3pips with commission+spread

Feel free to adjust the TP_Pips to something a bit higher to count for the commission. I imagine with commission, your spread would be a lot lower. For example with Oanda, I’m getting about 1.5pips for spread so for both ways thats 3pips + 1pip TP, I need to catch in reality 4pips.

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.

I posted an updated version of the EA which everyone can download.

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

yes, i will post a new version later with a few updates 

Hi all,

I’m back to my busy schedule. I managed to place 8 1pip trades for a total gain of 3.2% daily gain. In my books, anything around 1% gain is exceptional. I’m very happy and excited to see all the good trades you guys have been making. But it also makes me a bit nervous to see that we are making way too many trades and might be getting a…[Read more]

Hi all,

I’m back to my busy schedule. I managed to place 8 1pip trades for a total gain of 3.2% daily gain. In my books, anything around 1% gain is exceptional.

Please keep in mind the aim of this thread, that is to imprint in your brain how EASY it is to make 1% and that 1% is ALL YOU NEED!

Heck, if you could make 0.50% consistently, be happy,…[Read more]

Thanks for the confirmation GG, means a lot 

Yes, I see what you are talking about and you are correct. Out of the successful trades, there would be a lot that would fail if they actually had a SL. So yes, the SL wouldn’t make sense. I will need to get proper stats with an actual SL to see what it comes out to be. If we take out the spread, it should in theory come out to be 50% I think…[Read more]

Yes, I see what you are talking about and you are correct. Out of the successful trades, there would be a lot that would fail if they actually had a SL. So yes, the SL wouldn’t make sense. I will need to get proper stats with an actual SL to see what it comes out to be. If we take out the spread, it should in theory come out to be 50% I think…[Read more]