Quote:
Originally Posted by whitemagicbmc
Beno,
How complicated or simple are you wanting this setup to be? Are you thinking of something as complicated as the Better EA that won the EA competition last year?
Sorry I am still trying to understand the trade setup, are you saying you are using(or wanting to use) a 2% trailing stop so once you determine the trade you just enter and stay in till you get stopped out with a 2% account loss or until you reach TP? Sorry still new to the terminology of all this, does ME=margin equity?
Just trying to get clarification so I can make sure I am trying to be as logical and efficient as possible with ideas.
thanks
Ben
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Yes I use a 2% trailing stop so the trailing stop will not start until there is 2% profit. or the TP is hit.
ME = Mathematical Expectancy which is the amount your account is expected to grow by formula is (1-AverageWin/AverageLoss)*(Accuracy)+1)
you could have an accuracy as low a 18% and still have a positive expectancy and still be making money not a lot but a small amount.
All this may look or seem complicated but if you look at the formula's on the mm sheet you will see how everything fits together in an intergrated fashion.
I hope that helps
Cheers
Beno