Free Forex Topics
In this forum you will find free content related to FOREX that is visible to everybody.
37 topics in this forum
-
- 1 reply
- 10,326 views
-
- 1 reply
- 7,939 views
-
- 2 replies
- 9,140 views
-
- 1 reply
- 9,012 views
-
- 3 replies
- 9,918 views
-
- 2 replies
- 9,752 views
-
- 8 replies
- 12,178 views
-
- 5 replies
- 10,747 views
-
- 1 reply
- 9,181 views
-
- 2 replies
- 9,225 views
-
- 0 replies
- 8,726 views
-
- 0 replies
- 8,308 views
-
- 0 replies
- 8,429 views
-
- 0 replies
- 8,369 views
-
- 0 replies
- 8,587 views
-
RECENT POSTS
-
By Balazs Horvath · Posted
Thanks Peter but here it is what I dont understand: I reset my account size and BP to $60,000 (I used the DEMO version and in this case Replay mode) and set the cap to 0,99 both for my first long entry and the second adding entry (I use "Equalized Risk" script for going long (and short also) and the above mentioned "Adding to winning position" scripts, both from the DAS video series). Below are the screenshots of the result. After adding to my position I ended up having 562 shares at $164 which gives a $92,000 position which is a way above my BP ($60,000). How is it possible? I have to add that I have reset my account just before taking this test trade, so maybe I have to wait one day for DAS to process this new setup? (My previous BP was $100,000 by default) Sorry for bothering you with this staff, but it annoys me.... Thanks again for the previous answer, I will check out the links you have provided! -
it is 60% of the current BP so if you still have some BP on the 2nd key press it will use the 60% of the rest and add a true BP check for the first key press looks like this $myBP=5000; $want=$risk/$pricetostop; if ($myBP<=$want*LAST) { $amount=round($myBP*0.97/LAST,0)-1; } else { $amount=$want; } for the add it is more complicated for more modern hotkeys go here -
By Balazs Horvath · Posted
Hi, I have an issue with the following script which comes from the DAS video series: CXL ALLSYMB;StopPrice = Price;Share=Price*100;Price=AvgCost;SShare=Price*100;Share=Share-SShare;Price=Share;Price=Share/100;Share=Pos * Price;Price=Ask-StopPrice;SShare=Share / Price;DefShare=BP*0.97;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;SShare=DefShare-SShare;Share=0.5*SShare;Price=Ask+0.05;TogSShare;TIF=DAY+;ROUTE=SMRTL;BUY=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; It calculates the number of shares and risk perfectly fine, my only problem is with the set condition of capping the position size of 97% of the Buying Power. Actually I modified it to 60%, but when I use the script, every time my unrealized profit allows to buy more shares than the capping, the script doesn’t work properly as it ignores the cap and I end up having a much larger position than 60% of my buying power. It just ignores this cap. Has anyone experienced the same? Any solution for that? -
this is crucial. congrats to this achievement. the rest was just a lesson to be remembered. do not repeat it ever. you can consider the 300k unrealized as a luck and not something you achieved with proper process so it is not earned and to be kept. forgive yourself first. it will pass. you never had the money in your hand. it was just a number on the screen. it did not change your life being there or not being there. you are still ok. you risked it and you lost it. that was the play. swallow. remember it. move on. https://open.substack.com/pub/traderpeter/p/why-are-your-losing-days-bigger-than?r=1wujo4&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
-
By Zappy Jones · Posted
Hey yall, Ive had a stellar year since I went full time trading in March. I started with 35k and built it up to 200k last week. I only trade AMD as thats what I found I am best with during my year of simulator. However, i caught wind of that Figma IPO and thought id dabble since id been doing so well. I made a quick 65k on that and my head just ballooned, i was like im so close to 300k this is amazing, my goal for the year was 120k, so i was well passed that but my ego and greed got me. I took another figma and rode that all the down to a 130k loss. It was stupid ive never traded an ipo and was a deer in the headlights watching movement go down so fast. So, now here i am, still above my yearly goal but that loss is devastating. I realize it is a great learning opportunity for me, on my risk management, not sticking to my strat, not sticking to AMD, etc. But im looking for help with my mental on this. I feel a heavy depression and just the words, your a stupid loser that just lost months of work in one single trade, on repeat in my head. Even though im technically still meeting my goal and doing far better than i imagined my first year, i still dont know how to shake this loss. Im back trading AMD and working my strat, journaled my lessons and all but im struggling to shake this and can see it making my trading more timid now. How do I get this loss out of my head? Its eating me alive. Thanks for any advice.
-