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10.4 A Complete System
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Author:  Gertje [ Thu May 30, 2013 9:32 am ]
Post subject:  Re: 10.4 A Complete System
kwanann wrote:
Gertje wrote:
ERRR, 5 cents per $1.000 balance is 0.005 lots [that don't exist]
1.00 lot = $10,00 per pip
0.10 lot = $ 1,00 per pip
0.01 lot = $ 0,10 per pip
0.001 lot = $ 0,01 per pip

So to follow Bob's MM, you need eather $2.000,- balance to trade 0.01 lots or a broker that offers mini-lots such as Instaforex.
LOL i'm reffering to mini lots. Balance depends on your leverage, i'm using 1:500 so each 0.01 lot just costs me $2 in margin. Doesnt really affect me alot

Not sure about the leverage and swap issue, for fxprimus, it seems no matter what leverage you use, the swap stays the same, i believe its the same for GP(?)
I guess, leverage has only to do with the amount of funds locked in margin requirements. And therefore the distance to a MC.

I used to get 1:500 with Insta as well, and am now at 1:200. Used to run over 100 trades, I'll think twice now before I enter so much.
Start to see now why Bob kills positions very early, when multiple pairs are running. I suppose he is on 1:50 being an US-citizen with Cowboy IBFX.
Author:  nanningbob [ Thu May 30, 2013 10:07 am ]
Post subject:  Re: 10.4 A Complete System
OK first graders. American money. 1 penny is 1 cent. Now if you put five of them together you have 5 cents. That is called a nickel. It has our president Jefferson on the front. He also helped write the Declaration of Independence and participated in writing the constitution. The brown, copper one is a penny. It has Lincoln on the front. He was our 16th president. So if you put 5 pennies together you get 5 cents. OK class did I use the words, lots, margin, ratios, leverage???? NO, good class. I am glad you understand that. Now this part is going to get difficult so follow along. If you have 100 pennies it equals 1 dollar. That is the green and white piece of paper with George Washington on it. He was our first president. Now this may get difficult but if you can count 1000 George Washington one dollar bills you get 1000 dollars. OK. Now lets see where was I? Oh yeah, OK if you have an account and put money in the account and it equals 1000 dollars, you trade 5 cents at a time on any one trade. Now that is five pennies, not lots, not margin, not leverage, and ratios mean nothing. So if I say I trade 5 pennies per 1000 dollars of account it has nothing to do with lots. Because with some brokers. .05 means five pennies and to others it means fifty cents per pip of movement. All the other stuff means nothing.

So lets say you have 10,000 dollars in your account and you trade five cents per thousand, that means you would play 50 cents on a trade. Got it. Ok now we will have our test Saturday on five pennies per thousand next week Monday. Study hard, I know it is difficult.

Hey Steve does this make your hall of fame??
Author:  nanningbob [ Thu May 30, 2013 10:15 am ]
Post subject:  Re: 10.4 A Complete System
fok wrote:
garyfritz wrote:What bothers me about CSS is... CSS on the individual charts matches the chart. So on a D1 chart it should match the D1 CSS on the Info page, right? They're close, but they're not the same. They have different levels and they cross at different times. Why are they different?
Page 11
10.4 CSS info page.pdf
1.png
:lol:
I feel sarcastic today, it is bad enough when I headline the 3 uses of CSS put it on the table of contents and give the page number and someone says its not there. Ok I can accept that but then guys are downloading the file from page 1 post 1 when someone just reposts it in the thread. I guess they think it is an update or something.
Author:  Gertje [ Thu May 30, 2013 11:31 am ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:I feel sarcastic today.
You have the right to be.... ;)
Author:  Gertje [ Thu May 30, 2013 11:37 am ]
Post subject:  CSS
To get an earlier warning of coming changes, I added an 1H CSS to the info-page.
Due to processor load I run this page on a separate Empty4 installation, and run the charts/ do the trading on another Empty4.

Switching between CSS and charts is simple that way.
.
Author:  sponn [ Thu May 30, 2013 11:38 am ]
Post subject:  Re: 10.4 A Complete System
I must say something.... somebody (I beleive it was fmonera from another forex forum) that making money should be boring...

I feel bored today... really. Nzd is very kind today :)

Nanningbob you've made making money boring...many thx for that.
Author:  Gertje [ Thu May 30, 2013 11:46 am ]
Post subject:  Re: 10.4 A Complete System
sponn wrote:I must say something.... somebody (I beleive it was fmonera from another forex forum) that making money should be boring...

I feel bored today... really. Nzd is very kind today :)

Nanningbob you've made making money boring...many thx for that.
Boring?
I love it!!
Everythings comes together, I feel like a kid on Christmasday.

AUD, JPY and NZD are dropping like a rock, EUR, USD are rising.
Time to get the charts out and start closing some trades!
Author:  sponn [ Thu May 30, 2013 11:54 am ]
Post subject:  Re: 10.4 A Complete System
Gertje wrote: Boring?
I love it!!
Everythings comes together, I feel like a kid on Christmasday.
Hehe I love it too.. it feels like robbing the market... really.
Author:  Gertje [ Thu May 30, 2013 12:06 pm ]
Post subject:  Re: 10.4 A Complete System
sponn wrote:
Gertje wrote: Boring?
I love it!!
Everythings comes together, I feel like a kid on Christmasday.
Hehe I love it too.. it feels like robbing the market... really.
I hear you...
Even had UPdraft a few minutes ago.... :mrgreen:
Author:  zentauro67 [ Thu May 30, 2013 12:17 pm ]
Post subject:  Re: 10.4 A Complete System
Thursday is becoming my favourite day to play 10.4
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