- This topic has 20 replies, 6 voices, and was last updated 7 years, 7 months ago by
.
-
Posts
-
Take it as something simple, because it is really simple when you get used to calculating it. Its like one of these games where you are looking for some hard math solutions, but it turns out to me that you need to find how many squares and circles are there. When I took the cryptocurrency – algorithmic trading course I felt as real beginner, but then I figured it out
The idea is that we compensate the loss if the price goes against the initial trade. The lots come from the calculation. The constant is 1:3 – mid zone to TP.
So if you choose 210 TP and 70 Mid zone, that is the same ratio.
After that you want to enter with a new trade on the opposite direction which is 70USD lower, and you place another 210 as TP. So the total distance for the first trade is 280 right?
So the questions is what is the lot size that will cover the loss of 280USD?
You grab the calculator and start to place number higher than 1.0, such as 1.1, 1.2 1,3, 1.4, and that’s it. At 1.4 times 210 is 294USD, which exactly covers the 280USD of a loss. And you have 14USD left for swap, commission and so on. The same logic repeats with the next lots.Dear Poincare,
sorry for the late replay, somehow I have missed answering you.The formula is not really a complicated thing. Just as you see it. The lots are coming easily from the calculations. It is just math that we fit the lots, so we can exit the whole equation without losses.
Now I am creating a new Ethereum cryptocurrency never losing formula course, and I will do my best o explain it clearer.
Kind regards,
Dear Petko,
you have a wonderful website, and I see many people like your courses.
Which course would you suggest me to start with in Cryptocurrency algorithmic trading?
ThanksHello Ian,
I have just answered to you in the other topic. Anyway for cryptocurrency algorithmic trading you should be looking as a start at the course Basic algorithmic trading course + 3 RobotsIt will give you a fantastic idea about all in algorithmic trading and also, I hae provided three expert advisors that you can practice with.
Kind regards,
Hello Petko,
thank you for the answer and for your advice! I took the Basic algorithmic trading course + 3 robots and soon I will share my impressions. I hope that I will learn everything that I need. I took advantage from your summer sale!
Best regards,
Ian!Hello Poincare,
Sorry for the late replay, I was expecting some of the students to help you out(since you pointed the question to them).Anyway, the formula is much more simple than you think.
These numbers are coming from basic calculations. The question you need to ask is:
How much do I need to enter on the other direction in order to cover the loss. So you will have only one X value in the equation.
In the new course, Cryptocurrency Never losing formula – Ethereum trading robot, I explain it step by step, and it is much clearer there I do believe.
However, let me know specific questions so I can assist you.
Kind regards,
- You must be logged in to reply to this topic.