hi Kasper

like that ? I have a syntax error (rr is not used in the program) when i run it…

///graph abs((COUNTOFPOSITION*stoploss*pipsize*pointvalue/equity)*100) COLOURED(0,255,255) AS "MAXRISK%"
///graph maxriskrecorded COLOURED(0,255,0) AS "maxrisk%recorded"//Aqua
//graph RR COLOURED(255,255,0) AS "rr"//Aqua
//graph winnings COLOURED(255,255,0) AS "winnings"//Aqua

hi Kasper,

thanks for your answer, it works now…

i’m currently running Daily swing pathfinder hall of fame and H4 hall of fame (in demo). I think i will soon run it in live, maybe on commodities mainly…I dont’t know yet what will be the exact choice, regarding a good money managment.

This one seems to me more risky than pathfinder….I’m wrong?

What do you run, in rela and demo? I know you’re one of the more active in pathfinder topics 😉

i finally copied the initial code with your stoploss. It’s ok?

Hi Winnie. I think ALE just summed it up- please be careful with this code. Also the Pathfinder- I wrote about it in the pathfinder post- the Risk Reward and Risk of every trade is similar to this code. Very poor RR and very high Risk- but it has very high Gain- like this code. But because of pathfinders advanced code it’s difficult to know exactly how much your are risking- but it is as high as 30% for one trade I remember. But due to the high Gain and popularity of pathfinder no one cares about the backsides of it- I am not here to judge because it is an impressive work Reiner has done and as a community has raise a magnificent joint venture- We just need to know the RR and Risk before we decide to put our money in any trade- manually or automatic. The best traders I heard of only focus on the RR and Risk management- they never look at gain.

Hi Erik.

I think it would be individual, but for a statistically advance you RR should be >1 I am still to find my own personal edge so It’s very hard to say about these things- but lets say you want to bet the lotto. You pay 100 euro- would you be satisfied only to gain 50 euro every time you bet? it a game of probability- where it more or less a 50-50% chance. At least that is what I heard 🙂 Also when you attend various webinars you should only bet 1-1,5% of your equity. now how do we do this. it the stoploss that defines your risk. SL*countofpositions. rewritten it would yield =countofpositions=equity*risk%/stoploss=>(10000euro*0.01)/10=10 position. so you can bet 10 position, with a 10 point Stoploss- risking 1% of 10000euro.

And sorry ALE for the misspath of the intended post- I hope it’s okay 🙂

Hi ALE, it just that we are talking about something else that the post original was intended. We should make a new post about RR and Risk 🙂

Maybe could be even profitable on long term but…hard to be sure….