SharePosts by Krysztau
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this is polish website, try to translate it with google if you like...
http://www.xtb.pl/strona.php?p=374
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I disagree - there was a competition in Poland - winner got Porshe, every week ppl got some smartphones,
winner scalped over 50 000 % second mybe few 1000 less and third about 35000 as far as I remember...
The third person didn't scalped [I saw history].
I do believe it's possible especially on demo. You may say to not to trust demo, but first - you see here 5 trades over 100 pips each, and second - this is demo contest, everybody traded demo here, so it's not an advantage of sportcity or whatsoever...
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However sometimes I open trade without SL, please bare in mind, that my mental stop loss is never lower than last 30M low, or approx 10 pips below it if it's too close.
However I would never let my position to fall lower than 50 pips.
I'm trying to move SL to BE as soon as I close first part of position or sooner.
For alert i use 4H candle, but for exact entry I watch 1M chart.
For stop adjustment I use 1M tops or bottoms break-outs than whem left with last chunk of initial position I adjust stops more conservatively by using 30M chart, fibs and weekly pivots.
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I'm not sure how does it work, but in history file, when you close part of position, it turns out a s two separate positions, one closed earlier one later.
I suggest option to aggregate such a positions.
When you see two or more positions with exact same opening time and lvl, then take it as one position, and as profit count average of all of them weighted by size of each.
So in history appear actual number of trade in spite of partial closure. This would give actual number of win trades and lost trades if someone closes partially winning positions and same for loosing ones..
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Hi!
There is a mistake in pips calculation [see my trading history] I traded Dow futures and lost 16 pips, but system counts 0.01 as a pip, so with 1 contract I have 1600 pps loss what gives $80 that's all wrong and ruins my trading performance
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He could as well go back to his day to day job as an head IT specialist in one of those exotic retail trading companys, what was itd name..?
FXDD, or something..?
;)
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Another issue with martingale is that when you open a trae and then close part in history it appears as bunch of trades.
Let's say you opened 12 lot's @1.0, then closed 4 lots @ 0.9980, and then 8 @1.0020 - it looks like martingale but is a proper money management...
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There is also other thing like not puting SL, some traders show no drowndown, but their positions between open and close [for 10 pips let's say] plunge 200 pips below zero, what makes them in my opinion useless...
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The point is o you feel capable of making such a great choices over and over again year by year. :)
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anyway, if you decide to post on twitter, I'll be first to subscribe, just let me know ;)
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