Forex Tool Shed TM Trade Manager

[capsmart]

For those who purchased the tool shed, I inform you that the version you have will expire by the end of December.
You can contact Lou (the author) to receive the last version for 2012.
It is free and it is a way for Lou to protect himself.

[richard dee]

I like how you are straight to the point in this. Appreciate it, really.

[Imperial]

capsmart, thank you for your help. It is fine now. I bought also a NewsHound will see how it works.
Best

[capsmart]

Hello Imperial
And officially welcome to the forum since this is your first post.
I am glad you find TM useful.
Regards

[mosah]

Hi Capsmart,
I thank you for clarification about TM.
However, i try this tool for a long time now. But, i can't find a good usage till now.
I use it in 15MN with 4 TP and a Trail Stop. I have lot of "little" TP but when i have 1 or 2 Stop Loss all my profits go with the wind. I think it's a money management problem. Can you help me to better. Thanks

[capsmart]

Hi Mosah,
It is not exactly a money management problem. If you have 3 pip profit and 30 pip stop loss it will never work because for 10 winning trades 1 losing will "eat" all the profits. You will need to be 90% of the time correct just to break even. So the problem is with your system. You have to use something that will give mou larger profits than losses (in pips). So for a 15min timeframe you could aim for 15 pips profit but in that case your stop loss should not be larger than 10 pips.

[mosah]

Hi Capsmart,
Thanks for this explanation.