Forex Trade Management - Scale Out!!

[@NoNonsenseForex]

Aaaaand my NZD/CHF long has hit its first Take Profit point. Moving stop loss to break-even. Hope this stuff motivates you guys.

[@GrahamAndFriends]

No Nonsense Forex yes it is very good motivation

[@jeremiahcampbell2]

Non Nonsense Forex Would a trailing stop on the second half of the trade be correct?

[@timevisitors]

Hi VP..can i.know wer to install the aroon up and down indicator.because i cant find it in.my mt4

[@DarkenedShadow89]

Hip Hip! Hurraaay! Hip Hip! Hurraaay!

[@brettmeadway43]

perfect

[@TheMasterpulha]

In this Covid times, finding this channel was the best thing that happened to me all year.

[@kvnywksy3207]

Lol wait till you check ICT's channel.

[@kookokooko-xg5uo]

R u from hong Kong? I am too. I'm also part of maverick trading now

[@livechartadvisor3033]

@@kookokooko-xg5uo Greetings ... My name is Lionel and i just saw your post mentioning maverick trading and i have heard of them before but never looked them up until now .....I am curious to know if you dont mind me asking ... are you still with this company and do they allow you to trade forex? I use mt4 .. what do you use there ? Thanks

[@dirtcalc.5920]

sub'd because of this comment. first time listener.

[@justintupicruz6324]

I still cant believe I paid someone for classes lol. Oh well we are here now.

[@StefinSales]

It's okay, there's still people still paying lol sad but true

[@RealJOGBz]

Me too, years ago, twice

[@mohdhairil8678]

You don't have to pay at all man. It's all in youtube and online nowadays. 😄😄

[@nehemaialord2653]

Me too

[@Cuirenteria]

I paid a course and one topic was about Scaling IN.

[@VakoCavender]

i follow this channel since february 2019 and now i can finally say i eliminate all my emotions from my trading system thanks.

[@rodinjohnson8233]

How is your trading going so far using vp's way ??

[@king72098]

Rodin Johnson amazing

[@yologamerz1347]

This man deserves more subs and likes he’s one of the only legit trading educators out here

[@BullSit482]

someone give this man a beer !!! we own u alot man

[@Gaz1892a]

FunnTurn yeah man. I feel pumped again about fx!

[@johnathangrey3463]

Here!! Here!!!

[@slipsonic809]

Dude your math is dialed in. I was backtesting a decent confirmation indicator I found today. I was using the ATR to find stop loss levels. There were about three times in the year of data where the stop loss was just barely above or below a small retracement before a huge profitable run. The SL was right there at the perfect spot to keep the position open but not way too far off. I was like damn VP knows his shit. Thanks man!

[@michaelluciano2925]

slipsonic hey man, I’m struggling to find a good confirmation indicator, do you know a few to point me in the right direction?

[@voxovtrades]

Hi Slipsonic, VP used the ATR to determine TP levels though.

[@iloverussia111]

@@michaelluciano2925 look at his Confirmation indicator video, and technical analysis playlist

[@AikelTechno]

For who is asking, he have another video where he shows that he usese 7 indicators to enter and manage his trades, 3 of them are given to us, the others not, but based on that you can have a cool path to follow

[@Ezyfit001]

@@AikelTechno what are they besides atr ? He didn't name anything specific if I'm correct

[@splendorman7922]

I've been binge watching your videos for the last 2 days and it really helped me to not give up because I've been working on an algorithm for the last 2 years, its been really really challenging for me. Almost gave up couple of times. I wondered if there was anyone else working on a project that is taking way too long. and then I found your videos and realized you already crossed the same path as me, and you did it. So thanks man.

[@Replace.Garage.Door.Spring...]

Felt the same way. Finally after 10 months of Forward Testing I Might Have Something. Now I'm Wondering about VP mentioning he only takes 20% a year in other vids and podcasts. Wondering how he manages taking that 20%. Thought 1: Trailing Stop in a sense on the entire account. Thought 2: Tracks his drawdown and decreases his own drawdown and cuts him self off at certain point??? Thought 3: Hits 20% on his account and shuts it all down until next year. Hope this is valid question that he didn't already discuss in another video podcast but don't think its in his library of info.

[@Iamnotddb]

Came back here to freshen up a few details. For those here for the 1st time, THIS SYSTEM WORKS. Exceptionally so actually. Keep going 💪

[@Murph1989sean]

"Betting splitting" has actually served best in my trading psychology more than money engagement. Knowing you have one win on that trade already banked, you sort pacify your greed instinct letting the second half ride.

[@roym1444]

i think i will take this approach. do you use the method in the video

[@throttletears]

The moment I started using this money management method, I immediately became profitable after 5 years struggling and my equity curve never looked so healthy before! Thank you VP.

[@TherealAfricanMoments]

Man this is so motivating, I'm just starting out with these lessons. Did so after reading his trading psychology, book I could tell he is totally different. Hopefully I make it out too.

[@jamespheils3868]

Soooo needed this video right now. Thanks VP! I have been applying your videos and they have brought so much clarity to my trading. I have been searching for a trading mentor spending 1000s in the process. Snake oil, all of them. May your light never be so bright you attract the attention of the banks. May your trades run long with maximum profit. May your KZbin channel become required watching by all would be traders. May you bask in the humble glory of doing your bit for the good of all. May you start a paterion and use the money to trade live then donate the profits to sick homeless one legged seagulls. (This last one really gets my vote)

[@SuperBlackboy8]

Really grateful for you and this channel VP. I haven't started trading real money yet but I'm trying to soak up all I can before entering into the market along with practicing on a demo account. As for now I've hit reset to all the stuff I've learnt before arriving to this channel. I've been soaking in the podcasts and videos on this channel some days now and I've learnt so much, thank you for blessing us with pure knowledge. Keep up the good work!

[@osamashahid237]

Mondays and Thursdays are my favourite days

[@magiczeroone]

Just another part to the "holy grail" - I love the way of telling the truth and let us work and find out our own solution. No false promises. Another really great lesson in the real way of Forex trading. Thank you, VP. With this knowledge and experience you share with us nobody who follows your way will belong to the mass of losers. Thanks again.

[@r6854]

These videos are pure gold! My trading psychology has completely changed. I actually can't believe that I have been doing this since I watched the ATR video. Finally begin to feel like trading is becoming more of a system and less of 'luck'. Thanks for the videos VP!

[@poloparachutes9983]

Had to watch this twice to really understand how to use the stop loss how you did and yeah it makes a difference. The biggest difference maker is when your exit indicator gets you out a bad trade before your SL ever gets triggered. Of course we rather erase a loss all together, but if your algo can turn a $1500(2%) loss into a $170 loss, that’s the second best scenario. Thanks VP!

[@jlittle984]

Bro - thank you for your work here - it is so insightful and solid. So many things I was doing I suspected were dumb were, well, dumb. Trendlines - I always thought they were too arbitrary. I always suspected brokers/banks moved the market, but didn't really understand how and how to avoid it. Your vids are great - love the style with F-bombs and BS terms - like you were a buddy showing me how to not do stupid shit. I have been fascinated with Forex for years, but kind of left after blowing up my 1st account. Decided to get back in and so glad I came across this site. Thanks for doing what you do.

[@sheraadsmith9244]

Years on, and the cake is still fresh... I'm enjoying my piece. Great job VP, wherever you are, hopefully enjoying the fruit of your labour

[@jordanhtrading5583]

This video actually blew my mind, I would never have thought about doing what's talked about in this video. Can't wait to implement this.

[@mdkhaledhasan8059]

i just came back to this video after watching 6 months of forward contents. Your work means a lot to us VP.

[@ichimokusamurai7509]

I really appreciate your work mate! I trade the Ichimoku Cloud and this video after watching the ATR video really added to my own algorithm! I've started a journal like you've advised. I've placed a marker @ 1.5x the ATR like you've explained (I don't use stop losses when trade is negative because I wait for the bank's response then I'll manually close positions if the banks settle beyond my marker. It works great when your risk is >1.5% of your account) I've halved trades at points that my system indicates to scale out!! The net result over 3 days and 4 pairs is 255pips. Thank you so much mate from Sydney Australia.

[@skaterbomb7]

Haven't been active or liking your videos nearly enough so I will go back and like them all. But damn you know how to break things down. I really like how you make people search for the gems and connect the dots. Learning every day. Your generosity is appreciated VP

[@rudykmn7138]

It's six in the morning over here in the Netherlands right now but I have never been this motivated to do this right. I started with this Playlist yesterday and my notepad is already half full. I will watch everything in the absolute right order, set up a realistic demo account and when I am totally ready and have found my working algorithm... Mannn there are no limits. Thanks VP! This will turn everything around

[@Yvonne_Jentsch]

Especially the advice not to look at it, is VERY important for ME lol. I messed it up so often just because of this. But you know that is very hard to do for a control freak haha. Well okay, I followed your advice until here and I will go on following your advice. Let`s look and see what happens, if I give up control. Thank you very much for all your great teaching here, it helped me already a lot :-)))

[@ratdaddee]

Wow! This simple strategy more than doubled my take profit. Let those runners run! Thank you VP!

[@cheeskeyfx1541]

Meeeeeeen never knew this GREAT VP will change my life I have to put the name in capital letter it worth it sir I really appreciate you for everything you have done a word is not enough to thank you but I promise you this as a gift before the end of this month me personally will introduce your channel to 50 of my friends and everybody will subscribe trust me I really learnt a lot on your channel you are the reason why I will start doing good to people vp-4 next president 😁 I really appreciate sir Cheeskey from Nigerian 🇳🇬 we love you. * This is number 1 strategy out there if you don't trade by it or least understand it you're finished. Much love VP ❤️ . Much love ❤️ sir VP GREAT MAN

[@fxmentorship]

VP I cannot thank you enough for everything you have taught me. You have transformed me from a scalper and losing trader who’s spent a year and a half of losing and hours at the chart trying everything possible to finally becoming a profitable trader who is on my way to 250k USD funding. I know one day this is going to be my full time gig and I’m going to pass on all of your learnings to others and transforms their lives also.

[@johncain3389]

bro i love your channel!!! You force us to learn you force us to figure it out. you lead us in to the direction but make us seek the information! at first i was like he's not saying much. but you were saying everything DO THE WORK!! in the word of warren buffett LESS IS ALWAYS MORE!! THANK YOU!!

[@fadino1786]

I don't know why did I skip this video before??!! How silly a person could be some times...One of the best. I can't stop watching this VP channel. Became a hobby

[@GrahamAndFriends]

I like the idea of placing 2 half trades. Thanks.

[@andikawijaya4069]

I don't believed it i have an almost similar system like a pro trader like you. But, after watching you my system has upgrade better ! Thanks man 1 like from me

[@williampennington7949]

Hey VP, you have done it again! I have only been following you for a week or two and I am already winning like crazy!! Love the Daily chart and I do great on it! Used to hate it and only traded M5 and M15 ! I already did two half-trades, long, on the GBPAUD and already did as you said and set the first half to take my winnings out right at the ATR and now I moved my stop-loss to break even and am watching the second half of the trade keep going up. Thank you Thank you Thank you I wanted to give you 5 stars on I-Tunes but I cannot find I-Tunes on my I-phone; guess I will have to try it on my pc. Also how do you trade metals? Because I live in California and also have Oanda as my broker and they don't let us trade metals to my knowledge. Anyway you are the greatest forex teacher on Earth!! Keep up the good work !!

[@crippledgenius]

Yeah I've struggled with this for a long time, these hodlers never see the downside and there's always a downside thanks for the reminder time to refocus

[@MelbourneSnappy123]

this is pure gold, please take notes and study this stuff. Be greatful you are here because you deserve sucess, at least a real chance to make it!

[@jordancarson885]

been hardcore learning from your videos now for a month, looks like I haven't got very far but I am watching each video 1,2,10 times untill I fully understand them and moving onto your next video, id just like to say I love your method of teaching, its follow or get left behind, I like that, keep it up VP, ill be caught up to your newer videos very soon! thanks again, LETS GO, SCALING OUT...

[@carlg1716]

So hooked at your videos, podcasts haven't touched on the blogs yet. If only I have found you sooner. Thanks to my friend who shared your works to me. Very straighforward, should be No BS Forex.:)

[@dehash666]

You deserve more views and subscribers. I always tell ppl that on YT you can find "real gold" channels in any niche you can imagine:)

[@shawnstaffa1896]

Thank you VP! The system I've build based on your lessons is AWESOME! It works great and I can actually feel proud of my results, and the way I execute trades. I've never been able to feel that way in all of my short few years as a trader. I'm really excited for if you are going to dive deeper into Trailing Stops - I'll wait patiently for this. I feel lucky that I found your channel when I decided to learn how to trade Forex. Cheers!

[@bottle1211]

would have never in a million years thought about doing it like this haha. pure gold

[@Troy_34]

wow after watching this over a year ago, and going back to it to polish up my Algo, i found a key Nugget in here that i didnt grasp before! kudos VP

[@Scott221]

VP. That little tip on taking half off the cards when the first TP is hit...... legendary. So simple yet I was really wondering how to do it. Little tips like this go a long way. Thanks!

[@cristopherpedrano7124]

VP, from the Philippines here!! Visayan nation, Thank you!!! Drop by here and I'll buy you a beer!!!

[@archravenineteenseventeen]

Tagaay pre?

[@johnathangrey3463]

This guy is like the James Bond for trading.

[@Momen.Medhat.Official]

bro i have question here .. why not you make a live trading videos playlist may be 1 trade every week .. to go step by step with your instructions .. even if u want to hide ur algorithm .. but at least we can see you trade and of course these videos will teach us manythings and of course it will Confirm to people that you are at the right side .. really it will be good idea just take your time to think about it thank you VP .. you have a big fan now

[@Red123Road]

thanx for your time! the least I can do, is to like and comment on your videos! I have been trading for 15 years and from I start to follow you, I have increased in my wins with over 40%. So THANX!!!

[@charlesorgan106]

playing catch up with all of the content. very thankful for all the knowledge and information. I only wish... I had this education 3 years ago. thanks VP for sharing all of this content. you have no idea how thankful I am for everything

[@AndrewSchiewe]

Another eye opener. I always put full whack on a trade, eg 1%. Never thought of splitting it!that will go in my plan

[@i_am_processing_]

2nd listen in 2 days! Will likely listen another 2 times by the end of today. Loving all this awesome content! Merry Xmas all!

[@rayern1982]

The big education forex site got me completely clueless on scale out. It was a mess to open an opposite order. Your method for scale out nails it and all it took was a 25 mins video.

[@Sham1r0]

After watching this video I've experienced this "holy fuckin shit" moment. Thanks for great content - keep it up VP!

[@KenalLouis]

VP this almost contradicts your Ratios post/video. You still setup a TP target, but now the purpose/context behind it is different... You split the risk to two trades. I am still trying to get use to the daily timeframe and learning to hold trades longer. From my testing I've seen that daily trades can take at 5-30 days to make a decent trend run/move. My exit "indicator" is not an indicator it's a potential wall/price area although you've proven price levels don't wont. I still find it beneficial to use them as zones. A fan of your channel after absorbing all of the podcasts and catching up to all the videos on the channel. At first I had my doubts when I first came across it, but the unconventional knowledge/wisdom shared is priceless.

[@wehttamak]

i don't see the contradiction based upon the notes ive taken

[@lordmakiavelo5165]

no if the total risk still reamains=< to 2%

[@randyseenauth4071]

If i went to school learn forex i now for sure i wouldn't have know half of thing that vp is teachin me. Thanks man alot

[@zachholsinger770]

VP- So glad I found no nonsense Forex. Thank you for all you have to give! Much appreciated keep it going brother!

[@PersDoklar]

This is GOLD!!!!! Risk Management is the key, and thanks VP.

[@IrajMatthee]

Having watched this video after all your others, I created a spreadsheet making life super easy to get those brilliant results. Thanks VP!!

[@thesaxman3499]

You are just a legend man I don't know what to say in the beggining I was watching all these '' price action''videos of random you tubers that mostly are theory and don't really work a lot of times and when I started watching your videos I didn't get it why would you help someone that much haha I made my own system and applied it to an algorithm by watching your videos and everyone thinks I am a genius here Hha

[@ian4africa]

I want to thank you. My system is slowly coming into its place.

[@samuelrussell7876]

If everyone uses this trade, along with the other 3 open trades, as a sample, you can get a very good idea of the (trailing) stop loss method used. We already know the initial stop loss point, the move to break even point, and the initial take profit. It is very easy to see in looking at these examples that the entry points are pretty early in a trend. I would say on a scale of early to mid to late, it leans early-mid. Also, the (trailing) stop loss is very tight. For example, if I had to guess, I would say the open GBPAUD trade exited at a profit in early December at around 1.7655 (give or take 10 pips probably) Thanks for the educational channel

[@archravenineteenseventeen]

If only they put trail stops in mobile version

[@charlestravis1078]

This is absolutely the way to go. I have a strategy that I call the Trade/Trend strategy. I take profit at the initial ATR level on half of my position, move the stop to just a little above break even and let the other half ride. Positively changed my performance.

[@lanitheromp7267]

Thank you so much for your video's with all the tips and explanations on subjects never been touched.......... very helpful, this will make me a better trader. Never knew about this 'scaling out', always wonder how can I stay in the trade and keep the winnings, without to leave the trade too soon, and now I've the SECRET........thank you!!!

[@timkorth]

Thanks VP the light bulb finally came on after 7 years of trading and nothing to show for it. Your method of scaling out was one piece I was missing. Thank You.

[@John-stellar]

Man!!!!!!!!! Such a greatttttttttttttttttttttttt video. Sooooo good strategy, man!!!!!

[@bassfx914]

Just a note to help you 'visualise' the ATR on your charts. You can use Keltner Channels. They are volatility bands like Bolinger Bands only they are based on the ATR. You can accurately plot your ATR on the chart. I use them to help manage my trades for entries and exits.

[@Ricardo-ep4mr]

Love how you place so much valuable info in the money management and psychology playlists. 😂

[@Gaz1892a]

Oh my god oh my god! I’ve got my exit Indy, and weirdly I’ve had it in my charts the whole time, ive just been using it for poss entries but it’s never been all that, quick tweak and boom! Thank you for opening my eyes and making me look at things in a whole new way!

[@omendrenpillay3174]

care to share please

[@nicolasgomez5207]

@@omendrenpillay3174 fuck off

[@DB-kl6xs]

Thank you very much for the video. This and all the others ones. I'm sitting on my hands and following the path you suggest in your blog.

[@Walddo]

.66R = 1 ATR - This will find useful to someone who is setting their targets with R....1st Take profit = .66R. Much Love.

[@theophilusamoah330]

Its soo amazing how you make forex trading very easy to learn and to practice.YoU are a blessing VP.

[@ricky4682]

Hey VP another way to do it is to put in a buy order for half your units at your first TP for me this is much easier :)

[@romeosola2195]

You the best forex KZbin channel damn guys let’s get this man to a million subscribers 🔥🔥🔥

[@lucapuzzoli8363]

Important important important video.. Core trading believe!!!! I pay my self as the market makes money available to me as I don't know how far is going to go. In essence scaling out! Mark Douglas.

[@MsDeathGuy]

I always break even but never know where to take the profits.I needed to see this

[@dougcharles6845]

Nobody comes close to your content. Thank you VP!

[@RandomRahim]

Another gem. Thank you VP!!

[@liveandlearningbydoing9714]

I never understand when someone said when you got profit , hold it and never lose it until I watched this clip.

[@theforexcodes8133]

I agree that scaling out is a good idea. I've never been a fan of these risk to reward ratios like 2:1, 3:1 etc. There are EAs available to manage these trades..😉

[@ubredebremaafaka]

What winning rate you aim for with that negative expectancy (negative R:R ratio)? Thank you for your videos and keep the great work going!

[@TejaJaensch]

After 1xATR has been hit, second trade to break even PLUS the swap!! This caught me once...

[@SOLDAT_NG]

Mr VP im currently going through every single video from oldest first (currently at episode 28 of the podcast) and I will say that this and the ATR video are hands down the most important. I've backtested 2018 data for AUDJPY, GBPUSD, EURUSD, NZDCAD, GBPCHF & GBPJPY. Now initially when you said T/P 1 is at 1 x ATR and of course S/L @ 1.5 x ATR myself & perhaps others' initial reaction would be that this wouldn't prove to be a good result over the year as you're gunning for around a 0.67-0.7 RR - and as you know retail loves that 3:1 RR. However the opposite is true. There are many many winning trades which hit 1 x ATR and then the other half hits B/E 90% of the time, so I charted up all the trades I took and worked out the yearly % gain across all of those pairs with the first being your suggestion of 1/2 the position off at 1 x ATR and going to B/E - this resulted in a 16.25% gain. The next was just closing the entire position at 1 x ATR - this gave a 9.2% gain. And finally was leaving the position and S/L targeting lows or highs with most trades having a RR of 1.5:1-3:1, this proved to be the worst with only a 8.2% gain. One thing i noticed was that it didn't always provide the best result for each individual currency pair, this doesn't matter because the key thing is that across the board it easily outperformed the other ways of approaching the trades. In summary this money management system is legit, look forward to testing all the other pairs over the past 3 years :D thanks man

[@marryjackson2882]

I suggest that you kindly reach out to him directly on his WhatsApp for proper assistance 👆

[@BrandQual]

what about taking half off at 1 ATR and letting the other run with the SL still at 1.5 ATR and not break even until 2 ATR? because more times than not it hits my break even and then it starts to trend

[@ashleylemmer8016]

Excellent advice, I hate it when a loser comes back to nothing or a loss.

[@KaranSingh-ec6vq]

Keep it up VP I have learned a lot from you channel!

[@pixiemouse1]

Omg this video is fabulous. I have already improved my trading. This is has added an accelerator pedal on my drive to improve brilliant stuff

[@mafi8360]

Woo! This is another absolutely KEY piece of information. More important than exiting the trade, maybe. Key. Key!

[@richunclejoey2249]

You should make other channels about non forex stuff..i listen to old episodes to relax my mind after stressful days and it consequently reinforces the super fucking profitable trading practices you have bequeathed upon us. Cheers. Vp= peoples champ🏆

[@antoniow4888]

I use Oanda as well. AWESOME!

[@MrSerella]

Okay, so you recommend scaling out and i see the logic in doing so. Taking some of that profit off the table does make sense. With that said, Why scale out? If you go into the trade properly with an appropriate stop loss set, then instead of scaling out switch that stop loss to a trailing stop loss at the same pip amount you set your stop loss at, would this not lock in your profit anyway. Why only increase your profit by half?

[@i_am_processing_]

A state of volatile emotions can be a symptom of mental illness. Take it from someone who has bipolar disorder. Yeeha! Oh, great video by the way, I have just begun to implement scaling out, and am enjoying the process.

[@kevinhennessey3189]

Terrific info and structure. Pointing out many mistakes I made with an earlier Forex acct.

[@jordankharazi3226]

Great stuff VP... keeping coming with it ✊🏼

[@KyleBaran90]

Wow, hearing you talk about crypto, you'd think it was after the 2021 bull run. Crazy how little has changed.

[@kashanahmad998]

Imagine price does not go high and hits SL and you losing 180 pips for 60 pips, thats a bloodbath.

[@razorrob2959]

Hey vp, I noticed on the video you set you first tp at 60 pips. You mentioned later to move your sl to break even after tp 1 is hit. The issue I saw was the stop loss should always be 1.5x behind the atr. Just a friendly observation

[@chris8534]

VP was a Penny Stock Trader and I immediately see him doing things in the back of Limo's with white powder that the Wolf of Wall Street did.

[@rickyricardo3204]

Great video mate, i have been testing out the ATR on my chart after seeing your videos and currently planning to add it to my Algorithm EA to set stop loss and my coder said he do that for is client. After backtesting I love the numbers I get if I were to set SL based off ATR, so what I take from this video is that before you enter the trade the ATR was 60 pips and you say you know your stop loss is going to be 90 pips so I assume you use 1 1/2 the ATR as your risk before you enter the trade or you can even use 2 x the ATR which would be 120 pips. Wow 😲

[@theforexcodes8133]

2 ATR is often used as a stop.😉

[@moses_njoku]

He uses 1.5 ATR as the stop loss. Watch the risk video.

[@nicholasolson712]

Hey VP, Something that does not make sense to me. You state not to use ratios. However if we follow the methodology proposed here we not only are using a ratio, But a losing one. We set our Stop Loss at 1.5 times our ATR. Then we set our TP on a half trade at our ATR. This is a 1.5 : 1. One of our trades is still running but it still has a ways to go before we are even break even with our stop loss. For example: Our ATR is 50. We set our Stop loss at 75 pips. We set up 2 trades. One with a take profit at 50. The other trade that we are letting run still has to go another 25 pips before we are breakeven with our SL. In an earlier vid you said we let the small wins cover the small losses so we are break even and the long runs are the gravy. But with this 1.5 : 1 ratio that will not be the case? Hope you can explain.

[@mercamg1]

you have to factor in the actual win/loss ratio and the quality of your algorithm. VP said he very rarely hits his stop loss due to the quality of the system. factor that in and the math must work in your favor. you can set your TP higher and see how that math works out for you in real case studies. but the math will always seem to work out better the closer you stick to the ATR

[@edgarkretschmann4753]

@@mercamg1 if you have 2 trades with 60 TP and 90 SL and it hits the TP , you have won 120 pips, take one trade out, adjust the SL to the current value for the other with still 90 pips and leave the place with 120 minus a possible loss of 90, equaling 30 profit at this point

[@edgarkretschmann4753]

could this be correct?

[@Ricardo-ep4mr]

@@edgarkretschmann4753 you don't move your second trade to the first trades TP you move it to break even. Meaning if it got stoped out you'd only get the 60pips from the first trades TP. Not 120. But if it does run you use your exit indicator to get out. Hopefully it tells you to get out before your break even point. If you're lucky it runs way more than 120 pips and eventually tells you to get out with a good couple of pips. Sorry this is not advice, this is just my understanding. Anyone is allowed to correct me if I'm wrong.

[@dbm1312]

Thanks VP this structure you are giving us is priceless. Grate video ! Grate VP ! By the end of this year your army vision will defiantly be ready , we gonna make some damage for sure ! Keep it going and god bless !

[@RTMoney]

VP, I appreciate your videos, good sir. You are very generous with the wisdom you've acquired via hard work and extensive experience. Thank you for your content. Question: Why not just put in a buy/sell stop, half size on my first target price?

[@NoNonsenseForex]

You can, and that's how you would do it on MT4.

[@sheraadsmith9244]

Great to see your name here, 2 years later.. Again, please forgive me, "THANK YOU FOR SHARING YOUR LONG AQUIRED KNOWLEDGE"

[@wjluckett5026]

Best Money Management video ever!!! 💯🔥💯

[@chiuchiling]

hi, but how he knows his TP (60pips) did i missed some video? because this video is in the money management section =) i know how to calculate the pips with atr..thanks a lot