Practice Job #3 (Money Administration Exam On Demo)

If you lot started this Practice Exercise #1 you lot likely give away that this isn't working on ranging marketplace (we had about examples of 5% losses on the terminal yoke of days, due to Republic of Cyprus situation).

Testing this, amongst a SL=30p, nosotros give away that inward a hit marketplace of let's tell 50p, our turn a profit target of 90p is close impossible to attain fifty-fifty if our seat run inward profit, for a while. And the SL volition last hit, eventually, unless the PA volition interruption whatever side, to stimulate got that 50% to grab the novel trend (based on flipping the money math probabilities).

The start persuasion that nosotros tin hit the sack intend of, to better the initial exercise, is to work the Position Management (to "lock the profits"). 

NEW:
The minute persuasion that nosotros tin hit the sack intend of, is to work a double issue of pips equally SL = 60p. And of class to double the TP = 180p, equally well. The reasons behind this are described here.
In lodge to maintain the same MM, nosotros can't work twenty opened positions similar inward the Exercise #1 (since we've doubled the SL together with nosotros ask to maintain the same % of loss per trade ).
Then, nosotros volition stimulate got the adjacent steps for this novel exercise:

1. Open a DEMO draw of piece of work organisation human relationship = $10,000 (or larn out on to work the onetime one)
2. Take a money (yes a coin).
3. Establish which money sides volition hit you lot the signals. E.q caput = long, tail=short
4. Open 10 pairs on your platform (NEW)
(only pairs for non ruining the margins requirement. e.q no gold/silver/oil/indices, etc)
5. Flip the money for start pair.
6. Enter (market order) using 0.01 lots (0.1 for $100,000 account), SL = 60p, TP =180p (NEW)
7. Go to the adjacent pair together with create the same entry technique, together with hence the next...until 10 pairs (not twenty similar inward the previous exercise).
8. After having 10 opened positions, halt trading (NEW)
9. If whatever seat run inward profit, movement the SL = Entry ± Spread ± few pips or work Trailing Stop
10. Let all the positions to run, until the novel SL/TP hit.
11. If whatever seat is shut (TP/SL hit), on the adjacent day, opened upwards a novel merchandise past times flipping the coin, over again (and move, the SL, for the profitable positions).

* Important note: Practice TEST on DEMO purpose, only!

As I expected, the terminal calendar week exercise didn't offered us plenty published results, due to the people lack of fourth dimension (jobs, etc). As before long equally I volition stimulate got it, I volition update it on the Exercise #2 post.

The outcome for this Exercise #3 volition last published here, equally before long equally I volition stimulate got it, equally well. Probably this exercise volition stimulate got us ii weeks, since we've doubled the SL together with TP levels (no of pips). If nosotros volition notwithstanding stimulate got a hit market, it volition last difficult to stimulate got sooner, about shut trades to count for it.


Best Regards,
^^_Lord_Ice_^^