Ask Bob Forex Questions-no banning allowed

[nanningbob]

CSS. I use nothing else except fundamentals like this week the Brexit over shadows everything. Will comment on that in the CSS HGI thread.

[tomele]

Thank you, Bob :hi:

[carlos4]

Just wanted to say thank you for all you have done trying to help traders.

[echoman01]

Hi Bob,

When you traded off the daily charts did you stack your trades?

Also, any thoughts on the future of the Euro dollar if the EU starts to fracture.

Thanks, echoman

[nixxx]

What is your exit & trade management stategy?

Thank You!

[samkenia]

You are simply amazing, Bob and your generosity is awe inspiring.
I am currently using the HGI's arrow bottom/top for placement of my stop loss and it works well but on a few reviews of trades, I have noted that my win rate would gain by some margin if I closed my trade for profit after 80-90% move in my direction. Do you think this would add any good or should I stick to the arrow top/bottom for stop loss while using 1:1 RR?

[nanningbob]

You are simply amazing, Bob and your generosity is awe inspiring.
I am currently using the HGI's arrow bottom/top for placement of my stop loss and it works well but on a few reviews of trades, I have noted that my win rate would gain by some margin if I closed my trade for profit after 80-90% move in my direction. Do you think this would add any good or should I stick to the arrow top/bottom for stop loss while using 1:1 RR?

I usually feel good if I get 1/2 to 2/3 of a move. However, any profit is great to me because there are trades out there almost every single day. HGI was designed as the Arrows or wavy lines being your SL areas. So that is good. More info answering the other guys question.

[nanningbob]

MM is your lot size to account size. I am very conservative and trade ten cent lots per thousand of account funds. I got this ratio from a professional trader who traded 10 dollar lots and had a million dollars in his account. I figured out the ratio to one dollar for 100,000 dollar account; or 10 cents to a 10,000 account and one penny per thousand account. That would mean you would have to lose 100,000 pips to blow your account. A near impossible event.

10 cents to 1000 dollars in an account would mean you would have to lose 10,000 pips to blow the account. If you are that bad get out you dont belong here. So those are my MM numbers. When I trade 5000 or more then I cut it in half and trade 50 cents per 10,000 in stead of a dollar. I prefer to be conservative with my money and make sure I dont ever lose my investment. You can then trade without fear and still make a steady increase of your account over time that is much higher than any other investment.

Trade management is what HGI is all about. Go read the booklet over and over again until you get it. Enter onbig arrows and close on wavy lines. Place your SL outside the arrows or wavy lines.

My favorite method though is to just take profit 3-4 hours into every session. So I set my trades before the JPY, EURO, or USA open session and the max move is usually 3 hours into the session. I close the profitable trades and decide whether the ones that didnt go anywhere or are losers are worth keeping. Sometimes a move is the next session.

Learn to trade currency pairs during their moving times. For example no use trading USD/CAD during the JPY or EURO session. Their banks arent open. No need to trade GBP/CHF during the JPY session. or AUD/USD during the EURO session, ETC. However all pairs can trade well during the USD open, 2nd half of Euro session. All pairs will move during that time.

[nanningbob]

Hi Bob,

When you traded off the daily charts did you stack your trades?

Also, any thoughts on the future of the Euro dollar if the EU starts to fracture.

Thanks, echoman

Don't know. Best guess watch what the Germans do, they are the key.

[nanningbob]

Does anyone know a real good MA cross open/close EA that can use 3 or more MA. I can't seem to find the one I had. Just post it here or a link to it. Thanks.