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Thats right. I would only add 500 to total pip count. Same for losses. It basically shows that how much you could have made/lost using the system regardless of MM method you using. |
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Ok, thanks for the clarification.
The only problem with your method is that people will get an incorrect idea of how much money they can make, especially if the people who are interested are new to forex. For example, many newbies will simply multiply the 500 pip total by the dollar amount per pip that they are trading to derive a possible income. But as you and I both know, that's not the way it works in reality, because anyone worth their salt will employ money-management techniques that involve removing portions of the entry from the table (scaling out), to protect the entry and ensure profitability. That's why I prefer the method I explained earlier. It gives a realistic indication of how much profit you have actually made and doesn't inflate reality.
Your system seems to have some merit, but everyone should convince themselves with a good prolonged period of testing on their own before they commit any cash to it.
Kudo's to you for your willingness to share.