I’m familiar with that thread, but I’m using Half Kelly with trding log right now. I’m happy with the results compared to fixed lot sizing and %balance/equity sizing.

G.

I have to deeply dig… but I’ll find it.

G.

Recently I’m using Half Kelly – since my trades are usually don’t suffer from large DD.

G.

That’s why I mentioned logging trade results and using Kelly based on your trade log.

The difference in performance, in my case and experience,  is HUGE.

G.

You mean 45 and 315 degrees..?
[/quote]

Ideally Yes Brother,  just diagonally up or diagonally down to the right side of our chart..lol, and 100% sure they never comeback to the left side…hehehe…

MTH

Hi Brother,  from my noob understanding about physics , maybe we could say Density as ‘World Market Influence Share’ ratio between major currencies..

We’re not measuring single object, but multiple objects (at least major currencies), that interact each others and create chain reaction..

just like combat aircraft radar facing…[Read more]

Sell GBP/CHF at: 1.4270

SL:  1.4430
TP:  1.4180

Sell  GBP/CAD  at:  1.8710

SL:  1.8790
TP:  1.8680

Academic research suggest that Kelly is slightly more profitable while “Fixed Ratio” is better in handling DD.

I haven’t seen real traders long term results on this.

G.

Hi Brother  GG53,

I already answered your PM,  in case there’s trouble with the file download from PM, (since I experienced that previously)  I also post the mq4 file here..

also the screenshot example

GBPUSD H1, Using daily (1440)/default with GMT 0 server

GBPUSD H1, Using Daily/default with GMT 0 server, and London Open Price  (8 am)…[Read more]

I’m confused…

If the entry was based on higher TF – than looking at a higher TF is no change in “tactics”.

Same goes for MM & Risk.

But you suggested, or my understanding was, to CHANGE the initial entry logic to another logic, while in the tade- and my response was based on this “tactic”.

G.

On position sizing:

The main target of money management is on how to MAXIMIZE the geometric return in our account.

Using %Balance or %Equity is too simplistic and reduces your earning potential.

My favorites are the trade-size techniques introduced by the “Kelly Criterion” (either half or full Kelly) or the “Fixed Ratio concepts” by  Ryan Jo…[Read more]

On position sizing:

Using %Balance or %Equity is too simplistic and reduces your earning potential.

My favorites are the trade-size techniques introduced by the “Kelly Criterion” (either half or full Kelly) or the “Fixed Ratio concepts” by  Ryan Jones (Google it and watch the results).

It requires logging of previous trades results and calcu…[Read more]

On position sizing:

Using %Balance or %Equity is too simplistic and reduces your earning potential.

My favorites are the trade-size techniques introduced by the “Kelly Criterion” (either half or full Kelly) or the “Fixed Ratio concepts” by  Ryan Jones (Google it and watch the results).

It requires logging of previous trades results and calcu…[Read more]

I’m against this kind of “strategy”.

1. It is against your initial Entry logic, MM, and risk management – introducing “hope”, expectation and guess work.

2. It will keep you in the market for much longer – consuming margin, and exposing you to yet another market changes.

G.

I’m against this kind of “startegy”.

1. It is against your initial Entry logic, MM, and risk management – introducing “hope”, expectation and guess work.

2. It will keep you in the market for much longer – consuming margin, and exposing you to yet another market changes.

G.

My personal “strategy” for exit a trade with “no reason”:

If the trade is not in profit after 4 bars – I exit the trade.

Reason: My entry signal was probably false, Market or conditions might have changed.

Staying for longer than that is landing me in “La-La Land” and guess work, not trading per my entry logic anymore.

My Ego is bruised, but…[Read more]

My personal “strategy” for exit a trade with “no reason”:

If the trade is not in profit after 4 bars – I exit the trade.

Reason: My entry signal was probably false, Market or conditions might have changed.

Staying for longer than that is landing me in “La-La Land” and guess work, not logical trading anymore.

My Ego is bruised, but I’m out.

G.

#1 – Ok.

#2 – % of balance method is debatable… Consider losing 50% of your account, recovery will take ages because of smaller lots.

#3 – Ok.

#4 – Initial Stop by %ATR is Ok, adapting SL should reduce initial risk and not based on ATR. Maybe variation on PSAR or dynamic reduction of ATR factor.

#5 – BE should be based on risk factor (…[Read more]

#1 – Ok.

#2 – % of balance method is debatable… Consider losing 50% of your account, recovery will take ages because of smaller lots.

#3 – Ok.

#4 – Initial Stop by %ATR is Ok, adapting SL should reduce initial risk and not based on ATR. Maybe variation on PSAR or dynamic reduction of ATR factor.

#5 – BE should be based on risk factor (…[Read more]