#trading#Forex#crypto
I disappeared for a while to build a system and compare different money management outcomes. My best system with a PROFIT FACTOR of 2.47, WIN/LOSS 0.44 and Months in profit 64% shows huge different outcome between fix risk and only 2.5% risk/trade.
How to scalp:
1. Find the mining of 'cut your losses'.
2. Find the mining of 'let your profits run'.
3. Every pattern has an implied probability. Play the pattern or when the pattern is invalidated go against.
4. Make your own system and test it.
5. Play the market!
Money management issue for next week:
Need 300 pips gain from @GBPJPY#GBPJPY $GBPJPY to increase my stake afterwards.
60 pips a day as target looks high and depends on the market conditions.
Today jurnal:
Total trades: 7
4 buy and 3 sell
Trades close in profit: 2
Trade close in loss: 5
Number of pip won: 131.7
Number of pip lost: 18.7
Total pips won: 113
Today ROI (pip): 604% - which is huge.
I am loving #GBPJPY $GBPJPY!!!