How much can I make???

[tradingjunky]

Hello capsmart

When the first order closes win or lose start the next bar as if its your first trade, so if the trend closes upward on the (order closed) bar, your looking for 5 pips downward on the next bar 5 minutes after the open. this will be a sell order.

The graph below is based on only one scenario.

If your first order is a failed one, you'll lose $250 so you'll still have a chance on the next one, if this also fails your trading day is over, as you hit your -1% or -$500 for the day.

If your 1st order wins you'll pocket $75 so if 2nd order fails your overall loss will be -$175 because the $75 gain from 1st order.
If 3rd order fails you'll lose another -$250 add your already -$175 = -$425 so you'll only have $75 to play with on your 4th order, you'll have to reduce your lot size to 0.15 to keep a 50 pip stoploss. if that fails you hit your -1% or -$500 for the day. End of trading.
If that wins you'll have $225.

So you can place your last order for 0.45 with a chance of bypassing your 1% target for the day

Remember your only allowed up to 5 trades a day.

If placing a one 1.0 lot order at 50 takeprofit + 50 stoploss will be a 50/50 chance. that way you must win every day.

I think is more risk free as you can have one or more fails and still come out in front.

Plus this is set up so if you do reach the last order then any % gain is possible as you'll be running a trailingstop.

I will workout more scenario based on this method and post during any replys I make.

But please check all scenarios carefully as mistakes can be made in calulating, this one especially as I'm working it out as I type.

I keep logging out as it takes me forever posting as I try to find the right keys to hit while typing, (think someone moves them around when I'm not looking) (wife blames it on me not wearing glasses) any tips on how I can stay logged in for 30 minutes at lease a post.

That my age please don't suggest that thing kids do while texting.

Did find a good trick myself (after losing a lot of typing hours) hit the back button, copy my page and paste it when I sign in again.

hi
not sure i like your method
but to each his own

what I can say is

do thiis with pretend money first

do not try this with a 50k account or i thinkyou will be very lucky to have 50k at the end of the month

if you must try it live then set up a micro account and then your trade will be worth $10 per 100 pips

if you method is good you should make 100 pips plus per week

if it not you wont
good luck
I will watch with interest

PS i always wear my glasses or my typing is not worth trying to read

[pipchaser]

Hello tradingjunky

I've just started a "test run" results of % win/loss with show on my "location" at the end of each days trading cycle (this can be as little as 2 trades in 2 hours or full 5 trades by around midnight GMT tonight.)

Believe me; with what I've seen so far in my short time in forex I wouldn't advice any "newbie" like myself to try it in real money, unless they can take the loss, thats why all my real accounts had small amounts, I learned a lot about forex to help me in the future and at a very small price.

$50,000 is for laying on a beach in a country like Greece and doing my small bit to help their economy/people.