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Automatic Loss Recovery System (ALR) - read this first
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Author:  wealthmaster [ Mon Jun 16, 2014 10:04 pm ]
Post subject:  Automatic Loss Recovery System (ALR)
A formula where you put stoploss and Takeprofit and then the next 15 lots come up
Author:  wealthmaster [ Wed Jun 18, 2014 11:35 pm ]
Post subject:  Automatic Loss Recovery System (ALR)
anyone?
Author:  Dewey McG [ Thu Jun 19, 2014 12:49 am ]
Post subject:  Automatic Loss Recovery System (ALR)
I really am not sure what you mean
Author:  wealthmaster [ Thu Jun 19, 2014 12:59 am ]
Post subject:  Automatic Loss Recovery System (ALR)
I want to know the lots in the series. for example have you seen his video where he puts all the variables like ALR zone, take profit and he comes up with lots of next 15 trades.

It should be easy to calculate if somebody knows the advance maths.
Author:  Dewey McG [ Thu Jun 19, 2014 1:02 am ]
Post subject:  Automatic Loss Recovery System (ALR)
OK, I have been playing with the numbers and this actually looks pretty good. Remember, the idea is to be able to enjoy the profits when you are right and try to break even instead of losing. The more turns the less likely you are to ever take a loss but the greater your risk.

I tweaked the numbers just a bit but let's assume for a moment your strategy calls for a 150 pip TP and you would be right just 50% of the time. Let's also assume that 10% of the time it just continues to chop and you don't add any more positions after 10 turns. Even then, half of those will get to BE (or tiny profit), but we will say 10% of the time it goes to 10 turns and you take the loss. That is only 176 pips!

150 pips x 5 = 750 pips
176 pips x 1 = -176 pips
2 pips x 4 = 8 pips

Total profit = 582 pips

In reality, the spread and slippage would eat some of that, but with a half way decent strategy and using pairs with higher volatility this looks like a winner after all.

Did I miss anything, or does this look worth coding? (BTW--Dustin's version is $1997 and Joseph's about 1k more)
Author:  Dewey McG [ Thu Jun 19, 2014 1:08 am ]
Post subject:  Automatic Loss Recovery System (ALR)
Furthermore, if my numbers are right even if you ran all the way through the 10 turns and lost 4 times, as long as you hit your tp 5 times you would still have a small profit
Author:  Dewey McG [ Thu Jun 19, 2014 1:21 am ]
Post subject:  Automatic Loss Recovery System (ALR)
wealthmaster » Wed Jun 18, 2014 8:59 pm wrote:I want to know the lots in the series. for example have you seen his video where he puts all the variables like ALR zone, take profit and he comes up with lots of next 15 trades.

It should be easy to calculate if somebody knows the advance maths.
It's actually easy enough to figure out with Excel
Author:  wealthmaster [ Thu Jun 19, 2014 2:38 am ]
Post subject:  Automatic Loss Recovery System (ALR)
Dewey McG » Thu Jun 19, 2014 1:02 am wrote:OK, I have been playing with the numbers and this actually looks pretty good. Remember, the idea is to be able to enjoy the profits when you are right and try to break even instead of losing. The more turns the less likely you are to ever take a loss but the greater your risk.

I tweaked the numbers just a bit but let's assume for a moment your strategy calls for a 150 pip TP and you would be right just 50% of the time. Let's also assume that 10% of the time it just continues to chop and you don't add any more positions after 10 turns. Even then, half of those will get to BE (or tiny profit), but we will say 10% of the time it goes to 10 turns and you take the loss. That is only 176 pips!

150 pips x 5 = 750 pips
176 pips x 1 = -176 pips
2 pips x 4 = 8 pips

Total profit = 582 pips

In reality, the spread and slippage would eat some of that, but with a half way decent strategy and using pairs with higher volatility this looks like a winner after all.

Did I miss anything, or does this look worth coding? (BTW--Dustin's version is $1997 and Joseph's about 1k more)
your calculations looks good. just to confirm is your -176 in pips?
Author:  wealthmaster [ Thu Jun 19, 2014 2:40 am ]
Post subject:  Automatic Loss Recovery System (ALR)
Dewey McG » Thu Jun 19, 2014 1:02 am wrote:OK, I have been playing with the numbers and this actually looks pretty good. Remember, the idea is to be able to enjoy the profits when you are right and try to break even instead of losing. The more turns the less likely you are to ever take a loss but the greater your risk.

I tweaked the numbers just a bit but let's assume for a moment your strategy calls for a 150 pip TP and you would be right just 50% of the time. Let's also assume that 10% of the time it just continues to chop and you don't add any more positions after 10 turns. Even then, half of those will get to BE (or tiny profit), but we will say 10% of the time it goes to 10 turns and you take the loss. That is only 176 pips!

150 pips x 5 = 750 pips
176 pips x 1 = -176 pips
2 pips x 4 = 8 pips

Total profit = 582 pips

In reality, the spread and slippage would eat some of that, but with a half way decent strategy and using pairs with higher volatility this looks like a winner after all.

Did I miss anything, or does this look worth coding? (BTW--Dustin's version is $1997 and Joseph's about 1k more)
Can you share this formulated spreadsheet, as well as ALR version.( I am not good with spreadsheet calculations)
Author:  Dewey McG [ Thu Jun 19, 2014 2:53 am ]
Post subject:  Automatic Loss Recovery System (ALR)
wealthmaster » Wed Jun 18, 2014 10:38 pm wrote:
your calculations looks good. just to confirm is your -176 in pips?
Yes, that is correct
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