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CrazyTrader

Member Since Nov 21, 2011  1711 posts CrazyTraderfx (CrazyTrader) Apr 13 2015 at 08:21
ScalpingRus posted:
Martingale is a ticking time bomb, but only when you are picking random spots to recover losses.


For once I do agree with ScalpingRus, the way you use martingale is to reopen straight away the same position with lot incresased... but why? the real strategy wouldn't open a new trade because the opportunity is gone. EA must to wait the next real opportunity to double the next turn.

But this is off topic... there are dedicated thread for martingales.

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BenNathanFX

Member Since Sep 06, 2013  137 posts Ben Nathan (BenNathanFX) Apr 13 2015 at 08:58
CrazyTrader posted:
ScalpingRus posted:
Martingale is a ticking time bomb, but only when you are picking random spots to recover losses.


For once I do agree with ScalpingRus, the way you use martingale is to reopen straight away the same position with lot incresased... but why? the real strategy wouldn't open a new trade because the opportunity is gone. EA must to wait the next real opportunity to double the next turn.

But this is off topic... there are dedicated thread for martingales.


Both good points. Well at the same time, I was making th noob mistake of technical trading with out the fundamental backing lol .

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
aghigh

Member Since Apr 24, 2013  13 posts Seyed Mohammad Aghigh (aghigh) Apr 13 2015 at 09:53
hi
Multi Time Scalp
Tight SL And Good Profit
both account same


Aghigh
RSTrading

Member Since Jul 16, 2013  385 posts Rihan (RSTrading) Apr 13 2015 at 09:59
@aghigh

Your accounts are a bit young..

Profit_Here

Member Since Mar 15, 2015  10 posts Profit_Here Apr 13 2015 at 13:43
RSTrading posted:
Hi there.

There are threads where you can go advertise your trading accounts, but with stricter rules.

I would like to invite traders to show off their accounts here if they pass certain criteria.

The criteria :


https://www.myfxbook.com/members/Profit_Here/profit-here/1187511

Risky trade to disperse account. 100% profitable trades. Risk can be reduced by 2-3 times. Accordingly, DD will be reduced and profits.

I know the price will be at that level ...
aghigh

Member Since Apr 24, 2013  13 posts Seyed Mohammad Aghigh (aghigh) Apr 13 2015 at 13:44
ok you can just wait and see
but its same strategy tight sl and sure tp
with this sl everty thing is fast ;)


Aghigh
adrian8891

Member Since Jun 03, 2010  696 posts Adrian Matusiak (adrian8891) Apr 13 2015 at 15:59
Profit_Here posted:

https://www.myfxbook.com/members/Profit_Here/profit-here/1187511



Drawdown > 88% ? Madness

PAMM MANAGER // Professional Fund Manager
RSTrading

Member Since Jul 16, 2013  385 posts Rihan (RSTrading) Apr 13 2015 at 16:34
RSTrading posted:

I would like to invite traders to show off their accounts here if they pass certain criteria.

The criteria :

1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)

That's it. Only these five things. If your account passes that, feel free to let others know.


If your account doesn't pass these requirements, please don't post it here.

forexpipcatchar

Member Since Dec 13, 2014  73 posts forexpipcatchar Apr 13 2015 at 19:07
Rihan isn't it amazing how they just come on and show whatever they have which usually irrelevant to the topic at hand and some throw their rubbish in when even they haven't achieved what is required. Mind you for a DD that is at the 40% I think it's very dangerous.

RSTrading

Member Since Jul 16, 2013  385 posts Rihan (RSTrading) Apr 13 2015 at 19:26
@forexpipcatchar

Yes, this was probably not such a good run. I think that the Idea was there but ...................
As for the 40% DD. 40% dd on $1000 with 1 lot per trade is not bad at all. On $10k if we keep that at 1 lot size we will have a 4% dd - So IMHO it is just used as a guideline.

If you have an account that does extremely well with a high dd, the lot sizing can be minimized.


Just my way of looking at it..

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.