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Hi icfxtrader,
I don't know if you say you did not like the S&R orders or that you do like them.
But if you do not like them that is because there is something wrong in the way you look at it or that you don't realy know how to use your broker platform in proper way.
If you would really know the advantges of those orders you would look to it in an other way.
A normal order that you take has always the element of slipage. That slipage can be a real killing element on many day trading systems.
The moment you work with limit orders ( as the S&R order) there is not 1pip slipage that needs to be taken in account.
75% of our trades are S&R trades. So that means that 75% of the trades have no more slipage to be taken in account.
In the beginning some members in the room had also difficultys with S&R orders. They tought that they needed to place 2 orders. 1 Order to close the 1st trade and a 2nd order to take in the reverse trade.
But that takes to much work. With every normall broker you can do that with only 1 order and in an easy way. But I must be honest I do not count an MT4 broker under the easy brokers. Even more the way one strugles with those order windows is just redicilous.
I have calculated last week that it takes 7 clicks before your order is placed with a MT4 broker. With my broker it takes 2 clicks.
Abou the MM:
I don't know how they call that MM but I can asure you that I invented it on myself in the room. But I am sure also that other people came up with the same idea. It would have suprised me that no one else would have ever tought about this in the same way.
I don't really understand what you post about that MM.
I can only refer to my public webinar video if you want to learn more about the MM we use.
Be carefull to use this MM only with a system that has an extreem relaible hitrate and extreem relaible avg.win/loss ratio.
The moment that you use this with systems where the losses are bigger then the profits you have an MM that will kill your system.
Also systems that can produce 10 consecutive losses in a row on a regular base (like nearly all trend following systems) you will get in serious mental problems.
As said in an earlier post to mpower you need to have a system that does not use any market dynamics ( not under any infleunce of trend or consolidation)
Or in other words, if you test your system without the MM and you see that trend or consildation is influencing your results you need to stay away from that MM.
regards...iGoR
Last edited by iGoR; 11-01-2008 at 04:48 PM.
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