Comments on: Learn Forex #1 – Money Management the PipHut Way

By: piphut

piphut — Thu, 19 Jan 2012 18:06:07 +0000

Hi Nik, we usually use a single lot (though many hutters do use multiple lots in the manner you described).

In general we never take profit until the last target is reached. We do move our SL up as the price moves in our direction though. If you look back at past analysis you will see comments like “price moved 80 pips in the direction of our trade but we only booked 40 as we were keeping our trade open for 100 pips”. In that type of scenario we have trailed our SL up to +40 even though price is at +80 and then price turned on us.

By: Nik

Nik — Thu, 19 Jan 2012 12:43:09 +0000

So Mark I’m trying to understand how you use the money management principle with the style you trade. It seems that you enter 4 positions per trade and then close each one out 20 to 25 pips from initial entry? Or do you mean 1st take profit at 20 pips then 2 nd at 45 pips 3rd at 70 pips etc.

The loss would be conpounded 4 times so how do you factor this in to your trade results? Even for the positive trades, if the first position was only hit then it would be 20 pips on 1/4 of the total position which is essentially 5 pips on the total trade size. Please help me to understand if I have this correct thanks!

By: hornklyv

hornklyv — Tue, 27 Dec 2011 08:11:36 +0000

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By: Keylon

Keylon — Mon, 26 Dec 2011 11:42:45 +0000

Deadly accurate anewsr. You\’ve hit the bullseye!

By: alamdarnabi

alamdarnabi — Mon, 06 Jun 2011 13:31:36 +0000

Really information is useful to develop strategy. But R/W ratio is a bit difficult to practice.

By: Alex

Alex — Mon, 28 Mar 2011 08:09:24 +0000

great site! bravo! i got a question.what if i set my SL at 40 pips and TP at 60 pips and gradually when the price is going to my desire direction,then i set trailing TP with a distance about 30-50 pips behind the current price.what is the risk ratio for the trailing TP above?

Thanks!

By: gabriel

gabriel — Wed, 22 Dec 2010 22:17:11 +0000

HAPPY HOLIDAYS TO EVERYBODY AND SUCCESS IN 2011

ALL THE BEST FOR PIPHUT

By: franca

franca — Sat, 11 Dec 2010 11:49:54 +0000

thanks mark,ur site has bn so helpful 2 me as a beginner in forex trade.pls i nid more light on wat hedging is all about and how it works.more blessing.once again thanks

By: Jonathan

Jonathan — Tue, 05 Oct 2010 08:38:30 +0000

I trade with the trend on EU, GU & GJ. This pairs and the forex market is one of the most trendy market around.
On a particular time frame(1HR, 4HR & Daily) when the market is producing higher highs and higher lows–> uptrend, i go long. While lower highs & lower lows,–> downtrend, am shorting. I use a minimum R:R of 2:1 and trail the stop. My default stoploss is 50 pips on the 1HR TF.
Thanks to Mr. Jacko (House of pleasure and pain) i dont hedge but when my stoploss is hit, i allow the market to go by 30 to 50pips in the other direction, before entering a new pending order at the same price that the market took me out. If i was long, i will enter another long order( buystop) and if short- sell stop. Except for trend reversal, most often than not, the market eventually turns back and since you are now on its path, it picks you in right were it took you out, you recover what you lost and some handful of pips. It works, try it out.

By: Efosa

Efosa — Thu, 09 Sep 2010 10:09:57 +0000

Hi mark. What is hedging and how to use it.