Oct 26 2018 at 09:11
There is no such thing as a perfect entry. I do double up on some of my trades when the market gives me a better price to enter again. You can call this a martingale strategy or what ever you like but in 6 months time I do hope you come back to review my account again and see if it's in the graveyard. This is just a new account and you have already concluded that it's a failed system. All the best and luck in your trading.
Mastering Price Action is a beautiful thing.
Oct 26 2018 at 09:11
Also let me just add that it's money management that keeps an account alive and not a trading strategy.
Mastering Price Action is a beautiful thing.
Oct 26 2018 at 09:12
Here is my account link: https://www.myfxbook.com/members/earndailyprofit/multiplactous-finance-1/2666325
your comment will help me in improving further.
your comment will help me in improving further.
Oct 26 2018 at 09:12
Oct 26 2018 at 09:15
scalptastic posted:wdqwwdq posted:
https://www.myfxbook.com/members/wdqwwdq/forexist/2712892
My account gain: 347.29% profit factor: 143.92 DD: 8.7%. This is still a fresh account but in the next 6 month this account will be explosive with results you have not seen before. Stay posted.
This is a martingale account; in 6 months time; it will be in the graveyard
there not an ioata of martingle in my system, I will be here to show that my system will work for a long time to come. keep watching.
Work hard and play hard
Oct 26 2018 at 09:19
scalptastic posted:wdqwwdq posted:
https://www.myfxbook.com/members/wdqwwdq/forexist/2712892
My account gain: 347.29% profit factor: 143.92 DD: 8.7%. This is still a fresh account but in the next 6 month this account will be explosive with results you have not seen before. Stay posted.
This is a martingale account; in 6 months time; it will be in the graveyard
Sorry to disappoint you but there is 2 aspects to a Martingale style of trading. One is an increase in lot size per trade which is usually double of the previous trade, but that is not happening here. Number 2 is trading against the trend which he does, but he does not open more than 2 trades per pair at anyone time.
Based on his results, draw down and winning percentage I would say that he has things under control so far. When you keep the max trades per pair to 2, even though the second trade may be against the trend and no increase in lot size, it would be much harder to blow an account with this style of trading.
Oct 26 2018 at 09:24
earndailyprofit posted:
Here is my account link: https://www.myfxbook.com/members/earndailyprofit/multiplactous-finance-1/2666325
your comment will help me in improving further.
too fresh
and demo
back to school
Oct 26 2018 at 09:24
pipscalper71 posted:scalptastic posted:wdqwwdq posted:
https://www.myfxbook.com/members/wdqwwdq/forexist/2712892
My account gain: 347.29% profit factor: 143.92 DD: 8.7%. This is still a fresh account but in the next 6 month this account will be explosive with results you have not seen before. Stay posted.
This is a martingale account; in 6 months time; it will be in the graveyard
Sorry to disappoint you but there is 2 aspects to a Martingale style of trading. One is an increase in lot size per trade which is usually double of the previous trade, but that is not happening here. Number 2 is trading against the trend which he does, but he does not open more than 2 trades per pair at anyone time.
Based on his results, draw down and winning percentage I would say that he has things under control so far. When you keep the max trades per pair to 2, even though the second trade may be against the trend and no increase in lot size, it would be much harder to blow an account with this style of trading.
winning percentage is actually what should make you worry.
if there are only profitable trades and no stop losses
what will happen with sudden market change? All these open trades will change into unprofitable.
So in coming months we will not see 13% open DD like now but 50-60%
Oct 26 2018 at 15:28
hope you guys are short Dollar the way things are going with Stocks.
"They mistook leverage with genius".
Oct 27 2018 at 17:14
newbie trader for Axi-Selector please view
..
https://www.myfxbook.com/members/clessm/reidhetshel-axi/2654524
..
https://www.myfxbook.com/members/clessm/reidhetshel-axi/2654524
if we know risk,we will not ruin // Novice Trader :
Oct 28 2018 at 07:23
Oct 28 2018 at 07:27
togr posted:pipscalper71 posted:scalptastic posted:wdqwwdq posted:
https://www.myfxbook.com/members/wdqwwdq/forexist/2712892
My account gain: 347.29% profit factor: 143.92 DD: 8.7%. This is still a fresh account but in the next 6 month this account will be explosive with results you have not seen before. Stay posted.
This is a martingale account; in 6 months time; it will be in the graveyard
Sorry to disappoint you but there is 2 aspects to a Martingale style of trading. One is an increase in lot size per trade which is usually double of the previous trade, but that is not happening here. Number 2 is trading against the trend which he does, but he does not open more than 2 trades per pair at anyone time.
Based on his results, draw down and winning percentage I would say that he has things under control so far. When you keep the max trades per pair to 2, even though the second trade may be against the trend and no increase in lot size, it would be much harder to blow an account with this style of trading.
winning percentage is actually what should make you worry.
if there are only profitable trades and no stop losses
what will happen with sudden market change? All these open trades will change into unprofitable.
So in coming months we will not see 13% open DD like now but 50-60%
Sharpe Ratio is a way to go.. If his sharpe ratio is above 1 then, It is a safe account.. My 2 cents.
Cool to see soo many profitable accounts using different strategies. Some of the win rates are just mind boggling to me.
After backtest 5 years
Here in demo 10 month
https://www.myfxbook.com/members/Novar/mars-night/2414368
and after here in live account 4 month
https://www.myfxbook.com/members/Novar/mars-night/2602079
let me know
Attachments:
Oct 28 2018 at 08:15
Oct 28 2018 at 08:20
Oct 28 2018 at 08:22
https://www.myfxbook.com/members/wdqwwdq/forexist/2712892
DD was up abit last night due to high impact news. But overall I think all my trades performed very well last night at handling the news. I was expecting Audusd to change its momentum and rally upwards and which it did. I had to enter a few times because the market gave me a better price and opportunity to enter again. I do not have physical stoploss in place, but I do have mental stoploss incase of the spread hitting my stoploss which could close my trades prematurely. I am not afraid of trading against the trend as long as i'm confident that the market is changing its direction. Happy trading guys!
DD was up abit last night due to high impact news. But overall I think all my trades performed very well last night at handling the news. I was expecting Audusd to change its momentum and rally upwards and which it did. I had to enter a few times because the market gave me a better price and opportunity to enter again. I do not have physical stoploss in place, but I do have mental stoploss incase of the spread hitting my stoploss which could close my trades prematurely. I am not afraid of trading against the trend as long as i'm confident that the market is changing its direction. Happy trading guys!
Mastering Price Action is a beautiful thing.
Oct 28 2018 at 08:23
pipscalper71 posted:scalptastic posted:wdqwwdq posted:
https://www.myfxbook.com/members/wdqwwdq/forexist/2712892
My account gain: 347.29% profit factor: 143.92 DD: 8.7%. This is still a fresh account but in the next 6 month this account will be explosive with results you have not seen before. Stay posted.
This is a martingale account; in 6 months time; it will be in the graveyard
Sorry to disappoint you but there is 2 aspects to a Martingale style of trading. One is an increase in lot size per trade which is usually double of the previous trade, but that is not happening here. Number 2 is trading against the trend which he does, but he does not open more than 2 trades per pair at anyone time.
Based on his results, draw down and winning percentage I would say that he has things under control so far. When you keep the max trades per pair to 2, even though the second trade may be against the trend and no increase in lot size, it would be much harder to blow an account with this style of trading.
Thankyou for understanding. my posts got deleted here where I explained it ny self.
Work hard and play hard
