Why martingale EAs look profitable… until they aren’t (especially on gold) - page 5
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Convert this to % of balance please.
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No, this is not quite a correct request. To make this money management strategy even slightly concrete, you only need to convert the very first volume (which is 10.0 in your example) into a % of your balance. That is, what % of your balance will you lose if, after opening a position with a volume of 10.0, the price immediately reverses and hits your stop-loss?
I don't see the point in discussing flat order volumes. Because they don't take into account your balance (and its changes over time, by the way). I believe that when you plan money management, you should operate with % of balance, not flat volumes. This way, you have strict and transparent rules that are always clearly interpreted.
Neither pyramiding, or scaling-in for that matter, is necessarily at odds with traditional risk management. At the risk of sounding like a broken record, pyramiding requires high capital, high leverage, and/or a nano (cent) account. If the results of your testing and adjusting do not comply with your acceptable risk percentage, then you simply can't afford to pyramid.
If you're unwilling to discuss progressive order volumes, then pyramiding is definitely not for you.
If you don't agree, then you should disagree. We're just having a conversation, after all. If everyone had the same opinion, there would be nothing to discuss.
Oh, I'm not averse to debate nor typing. Just saying that we're kind of talking in a vacuum without stats.
If you're unwilling to discuss progressive order volumes, then pyramiding is definitely not for you.
At the risk of sounding like a broken record, pyramiding requires high capital, high leverage, and/or a nano (cent) account.
To make this money management strategy even slightly concrete, you only need to convert the very first volume (which is 10.0 in your example) into a % of your balance. That is, what % of your balance will you lose if, after opening a position with a volume of 10.0, the price immediately reverses and hits your stop-loss?
Then go ahead and work it out with your account balance, your account type, and your stoploss value--all versus your acceptable risk percentage.
...
Respectfully, we may have to agree to disagree as neither of us are allowed to post proof without code.
Proof of what ? Come on.
Money is not a problem - strategy tester allows me to be a multimillionaire.
😅😂🤣 That's awesome.
Proof of what ? Come on.
My Tester Report.
Then go ahead and work it out with your account balance, your account type, and your stoploss value--all versus your acceptable risk percentage.
"Choose the right bait for your fish and hook when you get a bite."
Your volume list isn't a money management strategy as long as it's open to interpretation. It's open to interpretation as long as the risk of the first order isn't known.