I like to hear from experienced traders both using EAs and not using EAs regarding advanced or alternative MM methods.
The 4 methods widely used are:
1. Static lot sizes and static SL / TP / BE / and/or TS.
2. Equity based lot sizes where size is based on percentage of equity or amount of equity reached in account.
3. Martingale which is static lot sizes after winning trades and doubling lot size after each losing trade.
4. Partial or full hedging with altered lot sizes or exit points. *this is more complex but can be done effective especially with an EA.
I prefer method 2 and method 4. Martingale is OUT. It is a blackjack or roulette or baccarat betting strategy and the demise of otherwise marginally profitable methods.
So my question or discussion is this:
Do you use any OTHER MM method NOT MENTIONED ABOVE?
For example...if EQ > BAL by set percentage, close only a portion of the trade and not the whole trade and vice versa for losses?
What is your experience with ALTERNATIVE MM METHODS?
Please do not post anything about Martingale or static lots with standard SL TP BE TS, etc. This discussion is about creative, and advanced MM strategies.
I realize there may no no replies here, but I'm sure there are a handful of profitable traders here using more esoteric money mgt techniques.
I'll start this thread by giving a real world example, I have an EA that takes up to 150 open positions at once with both Long and Short positions at various SLs and TPs, the size of positions is based on equity size (so position size goes up and down and is never the same for an extended number of different trades - see method 2). SLs and TPs are based on a grid like simulation but unlike a grid with the same entry times, and with different exits, the closest thing I could call it is a reverse grid in terms of MM, however not in terms of trade entries. Since this is a discussion about MM, I won't go into entry methods unless the method is based on equity or P/L. Basically this method I just described is a complex partial hedge.
If you have an advanced MM method, please share a bit about it. You don't have to give away nitty gritty details, just enough to understand what you're doing. Thank you in advance.
The 4 methods widely used are:
1. Static lot sizes and static SL / TP / BE / and/or TS.
2. Equity based lot sizes where size is based on percentage of equity or amount of equity reached in account.
3. Martingale which is static lot sizes after winning trades and doubling lot size after each losing trade.
4. Partial or full hedging with altered lot sizes or exit points. *this is more complex but can be done effective especially with an EA.
I prefer method 2 and method 4. Martingale is OUT. It is a blackjack or roulette or baccarat betting strategy and the demise of otherwise marginally profitable methods.
So my question or discussion is this:
Do you use any OTHER MM method NOT MENTIONED ABOVE?
For example...if EQ > BAL by set percentage, close only a portion of the trade and not the whole trade and vice versa for losses?
What is your experience with ALTERNATIVE MM METHODS?
Please do not post anything about Martingale or static lots with standard SL TP BE TS, etc. This discussion is about creative, and advanced MM strategies.
I realize there may no no replies here, but I'm sure there are a handful of profitable traders here using more esoteric money mgt techniques.
I'll start this thread by giving a real world example, I have an EA that takes up to 150 open positions at once with both Long and Short positions at various SLs and TPs, the size of positions is based on equity size (so position size goes up and down and is never the same for an extended number of different trades - see method 2). SLs and TPs are based on a grid like simulation but unlike a grid with the same entry times, and with different exits, the closest thing I could call it is a reverse grid in terms of MM, however not in terms of trade entries. Since this is a discussion about MM, I won't go into entry methods unless the method is based on equity or P/L. Basically this method I just described is a complex partial hedge.
If you have an advanced MM method, please share a bit about it. You don't have to give away nitty gritty details, just enough to understand what you're doing. Thank you in advance.
