Quote:
Originally Posted by fxtrader01
Thanks for the link. I read the article. It seems to suggest running a larger stop loss than limit? Am I reading that correctly? In one of your last trades you had a -30 loss. What if you were to lose twice in a row? That would be -60 pips right? If you are shooting for +20 a day, it would take 3 days to recover with no additional losses. Am I reading it wrong?
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It looks I have put more risk with 20/30 TP/SL ratio, but this strategy work better than if you use 30/30 TP/SL ratio because I'm also run daily30pip.com and it perform worst than daily20pip.com. check it out
Here's the proven stats about winning percentage using daily20pip.com system
Since the beginning of this system we got:
1 win in a row 21 times
2 wins in a row 9 times
3 wins in a row 3 times
4 wins in a row 7 times
5 wins in a row 5 times
6 wins in a row 3 times
7 wins in a row 4 times
8 wins in a row 1 times
9 wins in a row 1 times
After 1 win you have 61.1% of the chance to win the next day!
After 2 wins you have 44.4% of the chance to win the next day!
After 3 wins you have 38.8% of the chance to win the next day!
After 4 wins you have 25.9% of the chance to win the next day!
After 5 wins you have 16.6% of the chance to win the next day!
After 6 wins you have 11.1% of the chance to win the next day!
After 7 wins you have 3.7% of the chance to win the next day!
After 8 wins you have 1.9% of the chance to win the next day!
After 9 wins you have 0% of the chance to win the next day!