Forex profit multiplier forum
Proper Use of the Risk Multiplier
multipliwr Some traders would probably say no, if your answer to this question is also NO, then have a nice day; If your answer is YES or MAYBE, then before you profiit jump out of your seat mltiplier you just found a holly grail of trading, please read carefully all stuff below and download and test a demo version of my newest EA, because it might also work for you! So everything started with the following simple question: This trading technique is probably not new and maybe it is also discussed many times on this forum.
However, I couldn't find any EA for it so I've coded my own. Thus, just for the illustration let's say you have just entered a "sell" trade and you are now waiting to see what will happen next.
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Let's think about this situation for a moment. Then what can we say multtiplier the future market direction? Unless you are an extremely experienced trader, the answer is of course: The problem is, we averaged the winnings, but doesn't when it loss. When it comes to overall profit, we quickly chopped it off. When it loss, we doesn't limit the losses and let it run forever and ever. That is not what originally Alejandro author of 10point3 wanted to do.
The original idea is to avoid huntings stops. For example: We have a possible uptrend, but the position we bought doesn't pay out, we continue buying while price heading south. This is the "Worst Case" but needs to be part of your plan. While in the meantime, for Viper it will be little more than a speed bump that he will recover over the course of months. I'm sure your intelligent enough to do the math for anything other than 10X so no need for other examples. Here are some things I have heard from traders for why they crank up the risk. If the trader posted his "worst case" and you were not aware that his "worst case" was much worse that the 6 months of trading results that you "see" on myfxbook, then you need to ask questions and do a better job with your research.
I know some of you are new this and as my Dad would say Did you really think that someone can just trade forever without having a loosing month?
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