That's why I've told you before... I think it was you. That long term it's better not to use TP's...just enter whenever the EA says to go in and exit when stop loss hit or when the signal is reversed...
i've showed some tests already... in how you would've made for the last year with very simple money management strategies around 350% on your account...............
QUOTE]
Hello salvadorveiga,
I agree with what you say. I don't think you need to convince me. You're probably talking to the wrong person. I've been trading to the rules (at least the ones I've got!) since April this year. In an earlier post I showed how these results compounded over 1, 2 years can add up in a big way.
But alongside each trade as per Sniper rules I also take out 1 TP trade. It's actually my version of the Sniper rule -
“Advanced Strategy: If your money management and equity allow...” The idea is to divide the trade into 5, exiting at 25 pts, 50 pts, 75 pts, 100 pts and letting the 5th lot ride the trend out.
Perhaps the best of both worlds. Actually I think discussion on the various ways people apply and change these rules is fine. We can all learn a lot. But, yes, we should always remember the system as it stands.
Bye,
That's why I've told you before... I think it was you. That long term it's better not to use TP's...just enter whenever the EA says to go in and exit when stop loss hit or when the signal is reversed...
i've showed some tests already... in how you would've made for the last year with very simple money management strategies around 350% on your account
QUOTE]
Hello salvadorveiga,
I agree with what you say. I don't think you need to convince me. You're probably talking to the wrong person. I've been trading to the rules (at least the ones I've got!) since April this year. In an earlier post I showed how these results compounded over 1, 2 years can add up in a big way.
But alongside each trade as per Sniper rules I also take out 1 TP trade. It's actually my version of the Sniper rule -
“Advanced Strategy: If your money management and equity allow...” The idea is to divide the trade into 5, exiting at 25 pts, 50 pts, 75 pts, 100 pts and letting the 5th lot ride the trend out.
Perhaps the best of both worlds. Actually I think discussion on the various ways people apply and change these rules is fine. We can all learn a lot. But, yes, we should always remember the system as it stands.
Bye,
Well, I think that it doesn't matter how each person manages his t/p. That is up to every individual. The big thing is not actually how many pips you get, but let's face it, we are here for the money! End of story! MONEY! MONEY! MONEY! MOONNEYYY! So try to not get fired! by draining your capital.
The rules of every strategy is important! Use the rules properly, and the pips and money will follow. Not everyone is out for a 7000 pip trend. Some may be here for 10 pips per day. What ever your profit goal is, then that's what you should stick with. As a person gets comfortable with the system, then those goals will change and increase.
Kent
That's why I've told you before... I think it was you. That long term it's better not to use TP's...just enter whenever the EA says to go in and exit when stop loss hit or when the signal is reversed...
i've showed some tests already... in how you would've made for the last year with very simple money management strategies around 350% on your account
QUOTE]
Hello salvadorveiga,
I agree with what you say. I don't think you need to convince me. You're probably talking to the wrong person. I've been trading to the rules (at least the ones I've got!) since April this year. In an earlier post I showed how these results compounded over 1, 2 years can add up in a big way.
But alongside each trade as per Sniper rules I also take out 1 TP trade. It's actually my version of the Sniper rule -
“Advanced Strategy: If your money management and equity allow...” The idea is to divide the trade into 5, exiting at 25 pts, 50 pts, 75 pts, 100 pts and letting the 5th lot ride the trend out.
Perhaps the best of both worlds. Actually I think discussion on the various ways people apply and change these rules is fine. We can all learn a lot. But, yes, we should always remember the system as it stands.
Bye,
I don't think its in the trading rules per say... I think Gary says, "if youre more comfortable etc etc put TP's and scale out at targets" at least that's the idea that I got when I read from it...
i've start
i noticed you're long on guppy. i just exited a long on guppy...exit on H1. fairly good trade.
i'm short cable now...signal came during US session. its not going anywhere at the moment, but i just gotta keep following the system!
