"It will never go to 75..." — Maybe not yet, but it went to 76.87 on my broker today. Learn a lesson about cutting your losses quickly yet? Let's see... about 900 pips lost on the AUD/JPY at 8 lots... that's about an $80,000 or 80% ...

CKH Trading Journal

Indicators that are "not correct" — There isn't any "not correct" in the code of an indicator unless you coded it and it's not doing what you want. Indicators are developed to do different things. Even most Moving Average indicators ...

The real macd.. not MT4's

I agree... let's move on — "Hahaha....I like this bit. For a start feel free to look up the random probability formula in Dans private forum... it will help you understand the math behind the points you are trying to make. (The formula is ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

Hi Tim- I guess I was a little tired when I wrote my reply to you and wasn't very clear in my communication. Let me try to clear it up. You asked me how your system compared to Dan's. When I was discussing the 4-1 RR ratio, it was as it applies to ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

October EA — Thanks Dan for making this available to us again!

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

Tim- The reason why the 4-1 RR ratio works best in Dan’s method is that it allows your take profit to stay within the daily range of the best pairs and keeps your stop loss big enough to not get stopped out too often during “normal” (not pre-news) ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

Walt- In theory you are correct. However the demon that you are not entering into the equation is standard deviation. I didn't mention this in my explanations because it starts to get technical. To put it simply, even though you may be able to ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

One more thing... — I want to add this for anyone reading this thread and considering taking the method out to further progressions by increasing the Reward/Risk ratio to 5-1 or 6-1... don't bother. I ran the numbers on this and the take ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

As for the GBP/USD... — I noticed after posting my reply that the first time you were talking about GBP/JPY and in your last post you mentioned GBP/USD. The concept of the 5 level progression won't work on this pair either (in fact, it won't ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

Swing trading GBP/JPY — Hi Walt- I can appreciate your wanting to trade this on the "Ninja beast". At first glance, it seems like it would be the best option, considering it is by far the most volatile pair with the largest ADR. However, the ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

GBP/JPY v. EUR/JPY — Walt, I've also done extensive research, math and backtesting on many pairs, and without going into all of the details (which include many formulas, some of which are proprietary) I can assure you that the EUR/JPY is a ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

I agree with Coldrunner... — The ideas and methods being discussed in this thread have helped me advance one of my own systems much faster than I could have without it. While working on my own system, I've used the method laid out here and ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

15 pip s/l — Hi Xaron- 15 pip s/l on this pair (EUR/JPY) is also too tight. 20 seems to be the smallest I could use without experiencing too many stops during any "normal" (not pre-news) ranging times. These times include "off market hours" of ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

Oh yeah... — Almost forgot... one more thing. This progression is robust enough to withstand even the news events with the 20/80 settings on the EUR/JPY... I only ran into one time in two years of backtesting tick by tick data where it wasn't. ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

EUR/JPY — I've read several posts here from people worrying about the EUR/JPY going so deep into the progression. Here's some information I hope will help. I've spent the past week doing a statistical analysis of this money management system ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

Thanks Dan — Just wanted to say thanks for your hard work and for sharing your system. Also, thank you to everyone else who has shared their results and possible modifications. I have been tinkering with my own similar system for awhile now ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing