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Effective Cost Technique

by Gav Leave a Comment

[Update 2021]: This post was written back in 2007 November. Unfortunately, the original webinar has been removed and I guess the presenter is no longer with FXstreet as well.

I have managed to find the presentation slides here. Hope it helps.

Tony Juste from Fxstreet.com posted a presentation on money management in the forum of Fxstreet.com. It is called ‘Effective Cost’ Technique. The outline as follow:

  • It is a defensive technique. It is based on the probabilities of success of a particular position initiated.
  • It was built to prepare for the worst-case trading scenarios It allows for moderate profits while attempts to keep losses under control.
  • Allows a trader to determine the stop loss level:
    • Based on equity drawdown
    • Based on technical triggers

Full presentation is available in this thread of the forum. You have to sign up a free forum membership to gain access through. Good stuff. Go and have a look.

Filed Under: blogs Tagged With: FX, Money Management, Trading Journal

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