Recent content by Hooya

wise I am sure you are right in principle. But the point is..you can play with any system and 'test' different money management systems to give you 'maximum profit' but trading isn't about maximising profit it is about exchanging money for risk. I never understand why anyone would want to...

I am not sure why people are always looking to modify working systems. Why would you increase your risk by using a martingale system? The benefit of a system like this ( I should know I designed an identical system 4+ years ago) is its simplicity. You know exactly what will happen with this...

no I am not talking scalping specifically, however I would suggest that the majoirty of people do not have the trading funds to scalp properly and efficiently anyway. But your comments were quite generic I think and I think it is important to have stops full stop not just as emergency. "just...

Yes I am talking about having a fixed target compared to your stop....you can have statistical knowledge of where the market willl go next...but you miss the point the by having a positve reward to risk ratio depending on the ratio size you can have up to 60% losses and still break even. So long...

pretty much agree with that.

Have to say I disagree. A stop is there to control your risk plain and simple. "Emergency" should never come into it in my opinion. I trade with a positive reward to risk ratio. I know that i only have to win 50% of the time and I still make money. The benefit of mehanical trading is that...

agree ...I would say no outright. Filling even at one contract might be a problem plus realistically you will be working on such a bad risk to reward ratio,and the comissioins soon mount up. I can't see you making any profit from it over a given basket of trades.

I've just decided my top 10 inidcators. Was thinking I should maybe had ultra trend in there too. But in all honestly so many indicators highlight the same turns and the same fake moves they all become much of a muchnes. I do like indicators but I think your trading changes as you gain more...

Thanks will give it a try.

B is PSAR thats for sure. Check out my post Sniper Forex Indicators.

anyone got an idea of what the stop indicator is in Sniper Forex. I have worked out the Trend B and Sniper indicators and possibly the Trend A but not so much the stop. Any ideas?

The thing is the tigger lines and the trend B signals are quite easy to work out which standard "indicators" they are. not so easy withe Tend A signal but its questionable whether you need both. But I do like the way the indicators are dispalyed in sniper forex....looks very tidy.

Thanks. Anyone else?

If any of you are still trading Sniper(obviously some are) I was wondering if you could post the two things you most like about it and thr two things you least like about it. I am looking to do a free review for an article and would be good to get an outside opinion or two. Cheers

nice concpet but the issue is with the moneymangement. Stopping at £17 means for every loss you need to win 17 single £1 trades. Martingales pretty much only work if you can go beyond the estimated worst case scenario but not sure you can 4 trades against you in this game "worst case". It...