$$ about the 25 000 pips wednesday
i got a few questions about the 25000 pips last wednesday. think it was wednesday anyway.
truth be told, thursday with 3000 pips was a bigger day. pips rarely reflect what's going on. i've asked fxbook to do a milestone posting instead. so when i'm up say 1% they'll post that instead.
the big pip counts come from partial tp's. i open at say 1 lot and tp say every 10 pips move 0.1 lots, so i'll end up with 10 partial trades each broadcasting like it was a full trade, tp10 x 0.1 + tp20 x 0.1 + tp30 x 0.1 etc at partial lots. for what was a 100 pip move, I'll bank 550.
what is relevant is the entry signals. the big trades. sometimes if the markets are slow i'll turn a pair in a few hours, but mostly i'll keep them for a few days. although they are at least 5 min delayed, because of the length of time they last, they are a very good reflection of my current view on a pair.
to see what's going on in the account, best to pay the blog a visit every now and then. twitter is ok for general overview of how the day is going and a broad view of entry levels. about 80% of my trades close in profit. so they're quite good entry signals. wouldn't suggest trying to follow them though, unless you're at the wheel 24/7...
truth be told, thursday with 3000 pips was a bigger day. pips rarely reflect what's going on. i've asked fxbook to do a milestone posting instead. so when i'm up say 1% they'll post that instead.
the big pip counts come from partial tp's. i open at say 1 lot and tp say every 10 pips move 0.1 lots, so i'll end up with 10 partial trades each broadcasting like it was a full trade, tp10 x 0.1 + tp20 x 0.1 + tp30 x 0.1 etc at partial lots. for what was a 100 pip move, I'll bank 550.
what is relevant is the entry signals. the big trades. sometimes if the markets are slow i'll turn a pair in a few hours, but mostly i'll keep them for a few days. although they are at least 5 min delayed, because of the length of time they last, they are a very good reflection of my current view on a pair.
to see what's going on in the account, best to pay the blog a visit every now and then. twitter is ok for general overview of how the day is going and a broad view of entry levels. about 80% of my trades close in profit. so they're quite good entry signals. wouldn't suggest trying to follow them though, unless you're at the wheel 24/7...
Labels: auto trading, mt4 EA, pip count, pips per day
