Daytrading Leverage Strategy for Bigger Accounts on Forex[R:R 3]
Hello everyone,
Many of you wonder how it feels to trade bigger accounts, and keeping it short: stop thinking punctual.
Whenever you think I'm buying HERE and getting out exactly THERE. Forget it, never again.
There's simply not enough volume for your positions - so what you do?
You break it up and you start thinking the final average price. You stop thinking on static numbers and you start considering regions for entry and exit.
Larger institutions take WEEKS to close their positions, so I think you get my groove here. It's hard to think tops and bottoms when you need to buy and enter all over the place - the art of market making(but that's a whole other story).
So when I started struggling with such a problem, all my strategies were basically at their maximum capital capacity. The main symptom was that my entry limit orders were being filled partially all the time.
Since I'm a very thrill guy when it comes down to the strategies I like to have every single step very well written before I start opening positions. Not only entry and exit points but also position sizing are crucial for me.
The solution was to break my position in smaller positions that I called ACU's.
Let's say we have a 10% ACU, that means that each ACU that I buy that is equivalent of 1/10 of the total position size I initially wanted.
The second step was changing my algorithms to things that triggered more often across a zone and not super price and solid signals that trigger only once.
So now I'm buying a little bit here and there, with the goal of having a better final average price.
Another secret factor for success here is being quick on or fingers or if you're tech savvy enough getting an execution bot for you.
Which means you can further break your ACU's across a buying zone.
Let's say your buy-zone goes from 1 to 2, you will spread your ACU close to what I'll explain next.
Imagine something around 10% of 10% of your total position size, yes only 1% of total
Because you will break your ACU in 10 smaller positions across the 1~2 range, similar to this
Buy 10% ACU at 1
Buy 10% ACU at 1.1
Buy 10% ACU at 1.2
...
Buy 10% ACU at 2
I know it sucks and it takes time, but the more you break your position is better and I'll tell you why. BECAUSE IT GUARANTEES YOU THE BEST POSSIBLE ENTRY PRICE.
The price hardly ever go all the way down to the bottom of the range and if does your avg price will be 1.5
But let's work with MOST of the times, that the lowest it goes on your buy-zone is around 1.3-1.7
It will always allow you to catch the best avg entry price, I know some of your limit orders won't be filled but this makes the risk a lot smaller for you, so be patient and master your greed.
This also allows the usage of leverage since operating like this makes you REALLY hard to get liquidated, the tools and the settings I used on Spectro M2 are Xconf on aggressive mode(arrows above/under candles), Spectro Warnings on Moderate(gray warnings), Adaptative Fibonacci Levels( pivot levels) & Scalper Exhaust Reversal Tool(blue background).
Also to make the stop-loss rules clear:
If the price just touched #1 Target - Do nothing
If the price just touched #2 Target - Move up one level
If the price just touched #3 Target - Move up SL to #1 target
If the price just touched #4 Target - Move up SL to #2 target if you think there will be a break-out otherwise close your position
Let me know if you have any doubts!
Many of you wonder how it feels to trade bigger accounts, and keeping it short: stop thinking punctual.
Whenever you think I'm buying HERE and getting out exactly THERE. Forget it, never again.
There's simply not enough volume for your positions - so what you do?
You break it up and you start thinking the final average price. You stop thinking on static numbers and you start considering regions for entry and exit.
Larger institutions take WEEKS to close their positions, so I think you get my groove here. It's hard to think tops and bottoms when you need to buy and enter all over the place - the art of market making(but that's a whole other story).
So when I started struggling with such a problem, all my strategies were basically at their maximum capital capacity. The main symptom was that my entry limit orders were being filled partially all the time.
Since I'm a very thrill guy when it comes down to the strategies I like to have every single step very well written before I start opening positions. Not only entry and exit points but also position sizing are crucial for me.
The solution was to break my position in smaller positions that I called ACU's.
Let's say we have a 10% ACU, that means that each ACU that I buy that is equivalent of 1/10 of the total position size I initially wanted.
The second step was changing my algorithms to things that triggered more often across a zone and not super price and solid signals that trigger only once.
So now I'm buying a little bit here and there, with the goal of having a better final average price.
Another secret factor for success here is being quick on or fingers or if you're tech savvy enough getting an execution bot for you.
Which means you can further break your ACU's across a buying zone.
Let's say your buy-zone goes from 1 to 2, you will spread your ACU close to what I'll explain next.
Imagine something around 10% of 10% of your total position size, yes only 1% of total
Because you will break your ACU in 10 smaller positions across the 1~2 range, similar to this
Buy 10% ACU at 1
Buy 10% ACU at 1.1
Buy 10% ACU at 1.2
...
Buy 10% ACU at 2
I know it sucks and it takes time, but the more you break your position is better and I'll tell you why. BECAUSE IT GUARANTEES YOU THE BEST POSSIBLE ENTRY PRICE.
The price hardly ever go all the way down to the bottom of the range and if does your avg price will be 1.5
But let's work with MOST of the times, that the lowest it goes on your buy-zone is around 1.3-1.7
It will always allow you to catch the best avg entry price, I know some of your limit orders won't be filled but this makes the risk a lot smaller for you, so be patient and master your greed.
This also allows the usage of leverage since operating like this makes you REALLY hard to get liquidated, the tools and the settings I used on Spectro M2 are Xconf on aggressive mode(arrows above/under candles), Spectro Warnings on Moderate(gray warnings), Adaptative Fibonacci Levels( pivot levels) & Scalper Exhaust Reversal Tool(blue background).
Also to make the stop-loss rules clear:
If the price just touched #1 Target - Do nothing
If the price just touched #2 Target - Move up one level
If the price just touched #3 Target - Move up SL to #1 target
If the price just touched #4 Target - Move up SL to #2 target if you think there will be a break-out otherwise close your position
Let me know if you have any doubts!
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