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Member Since Feb 22, 2011
4573 posts
Mar 06, 2020 at 14:23
Ralf4654747 posted:BenNathanFX posted:
Regarding Martingale - its taking the roulette red/black theory and applying it to trading... in my early days (about 10 years ago) i spent 6 months taking my first live account from $100 to $600 (admittedly risking too much at the time) using Martingale.... the problem is, once you get stuck in a range you're in a mess.... My start risk % was 1% and i would only trade one pair at a time, and yet I watched Martingale blow the entire account in 4 hours....
Martingale is like a ticking bomb - it lures you into a false sense of security... then one day when you are sitting confident you watch your account suddenly blow up....
Interesting saying
The classic Martin Gale is actually very poor system because you risk too much to get a little. Classic is to double the trade size after loss.
Example:
We have a trading system on $100 account which for 0.01 lot $1 profit or loss
1st trade 0.01 = - $1
2nd trade 0.02 = - $2
3rd trade 0.04 = - $4
4th trade 0.08 = - $8
5th trade 0.016= +$16
So we have increased the trade size 16 times
Our losses were - $15
While profit was + $16
So overall outcome is just $1.
That is in case martingale close the row in profit. If it does not happen the loss would be 32,64.. and boom account wipped out.
Mar 06, 2020 at 14:59
Ralf4654747 posted:BenNathanFX posted:
Regarding Martingale - its taking the roulette red/black theory and applying it to trading... in my early days (about 10 years ago) i spent 6 months taking my first live account from $100 to $600 (admittedly risking too much at the time) using Martingale.... the problem is, once you get stuck in a range you're in a mess.... My start risk % was 1% and i would only trade one pair at a time, and yet I watched Martingale blow the entire account in 4 hours....
Martingale is like a ticking bomb - it lures you into a false sense of security... then one day when you are sitting confident you watch your account suddenly blow up....
Interesting saying
It all depends on the strategy and type of stop loss. Martingale can be perfect if, for example, we use stop loss on capital, e.g. when it drops by 5%, we close all positions. Then the efficiency counts and the market verifies the consequences and whether it stays on assumptions. There are people who play TP 2 pips and stop loss 100 pips. at first glance seems silly but if their effectiveness is higher than 98.5% then it is a very good strategy. It all depends on the specific assumptions they contain.
From the beginning, four emotions have been guiding people in the market: greed, fear, ignorance and hope. That is why the formations known to us on the chart are still repeating.
Mar 07, 2020 at 12:43
http://www.myfxbook.com/members/almfx/icmarkets-cl/3553674
Icmarkets
Mo martingale or gird.
On oct i re optimized the system and it didnt go well. And then i optimized again and its working fine
Icmarkets
Mo martingale or gird.
On oct i re optimized the system and it didnt go well. And then i optimized again and its working fine
Member Since May 22, 2017
3 posts
Mar 08, 2020 at 18:11
Hi you all,
First of all, I want to explain what it is about this account posted. This account is real money, and belong to a client looking for recovering its initial capital ($2,000) after a horrible 2019 and no happy start in 2020. I have took the administration in Frebruary 2020 as a challenge againts the probabilities. I'm sure just a few well trained traders will appreciate this information and process. The final result could be astonishing.
https://www.myfxbook.com/members/forexquimera/clientesmt4-473683/4673639
First of all, I want to explain what it is about this account posted. This account is real money, and belong to a client looking for recovering its initial capital ($2,000) after a horrible 2019 and no happy start in 2020. I have took the administration in Frebruary 2020 as a challenge againts the probabilities. I'm sure just a few well trained traders will appreciate this information and process. The final result could be astonishing.
https://www.myfxbook.com/members/forexquimera/clientesmt4-473683/4673639
No hay victoria sin sacrificio
Member Since Jun 03, 2015
105 posts
Mar 09, 2020 at 05:28
Dear traders more then one year of successfull manual trading no robots only manual trading with consistent results and very low drawdown https://www.myfxbook.com/members/scalperking/100ksystem/3671624 thanks
To make money consistently with low draw down
Mar 09, 2020 at 08:49
forexquimera posted:
Hi you all,
First of all, I want to explain what it is about this account posted. This account is real money, and belong to a client looking for recovering its initial capital ($2,000) after a horrible 2019 and no happy start in 2020. I have took the administration in Frebruary 2020 as a challenge againts the probabilities. I'm sure just a few well trained traders will appreciate this information and process. The final result could be astonishing.
https://www.myfxbook.com/members/forexquimera/clientesmt4-473683/4673639
You should not be showing your trading until basic conditions are met. You see the result, blown account.
Member Since Mar 09, 2014
10 posts
Mar 09, 2020 at 11:11
take advantage of the market.
http://www.myfxbook.com/members/Morena2007/pegasus-15-safe-mode/3201032
http://www.myfxbook.com/members/Morena2007/pegasus-15-safe-mode/3201032
Mar 09, 2020 at 11:40
scalperking posted:
Dear traders more then one year of successfull manual trading no robots only manual trading with consistent results and very low drawdown https://www.myfxbook.com/members/scalperking/100ksystem/3671624 thanks
Sorry. But i never believe anything from this broker.
Only some promises and slogan. No any regulatory
Member Since Feb 22, 2011
4573 posts
Mar 09, 2020 at 12:10
forexquimera posted:
Hi you all,
First of all, I want to explain what it is about this account posted. This account is real money, and belong to a client looking for recovering its initial capital ($2,000) after a horrible 2019 and no happy start in 2020. I have took the administration in Frebruary 2020 as a challenge againts the probabilities. I'm sure just a few well trained traders will appreciate this information and process. The final result could be astonishing.
https://www.myfxbook.com/members/forexquimera/clientesmt4-473683/4673639
You lost the whole account today Today
-99.46% (-129.28%)
Member Since Jan 25, 2010
1288 posts
Mar 09, 2020 at 12:31
togr posted:forexquimera posted:
Hi you all,
First of all, I want to explain what it is about this account posted. This account is real money, and belong to a client looking for recovering its initial capital ($2,000) after a horrible 2019 and no happy start in 2020. I have took the administration in Frebruary 2020 as a challenge againts the probabilities. I'm sure just a few well trained traders will appreciate this information and process. The final result could be astonishing.
https://www.myfxbook.com/members/forexquimera/clientesmt4-473683/4673639
You lost the whole account today Today
-99.46% (-129.28%)
Definitely astonishing final result.
Very unfortunate.
forex_trader_85377
Member Since Jul 24, 2012
3 posts
Mar 09, 2020 at 14:56
(edited Mar 09, 2020 at 14:57)
This EA survived the March brutal movements and also backtested since 2010 with great results:
http://www.myfxbook.com/members/roi_systems/genie-icmarkets/3318557
the EA can be found here:
https://www.mql5.com/en/market/product/38619
http://www.myfxbook.com/members/roi_systems/genie-icmarkets/3318557
the EA can be found here:
https://www.mql5.com/en/market/product/38619
Mar 10, 2020 at 17:46
scalperking posted:
Dear traders more then one year of successfull manual trading no robots only manual trading with consistent results and very low drawdown https://www.myfxbook.com/members/scalperking/100ksystem/3671624 thanks
Gary, you can switch up your name and switch up the name of the shady brokers and it still will never make it a system people can safely invest with...PLEASE USE AN HONEST BROKER
test the waters, before you dive in
Member Since Jun 03, 2015
105 posts
Mar 11, 2020 at 04:24
my manual trading with great results n less drawdown .http://www.myfxbook.com/members/scalperking/7ksystem/3697118 thanks
To make money consistently with low draw down
forex_trader_1153031
Member Since Feb 28, 2020
78 posts
Mar 11, 2020 at 09:18
It will be worth to mentioned only well know regulated brokers, some brokers i see here are just not adding things up
Mar 11, 2020 at 18:28
JapaneseGroupFx posted:
It will be worth to mentioned only well know regulated brokers, some brokers i see here are just not adding things up
Exactly, and Gary is a perfect example. The results he gets are never with a reputable, honest broker
test the waters, before you dive in
forex_trader_1153031
Member Since Feb 28, 2020
78 posts
Mar 12, 2020 at 07:19
livegood3 posted:JapaneseGroupFx posted:
It will be worth to mentioned only well know regulated brokers, some brokers i see here are just not adding things up
Exactly, and Gary is a perfect example. The results he gets are never with a reputable, honest broker
I actually saw that and Smh when I saw the broker name.
forex_trader_1153031
Member Since Feb 28, 2020
78 posts
Mar 12, 2020 at 07:48
RayShen posted:
I do not use small account to gain highest gain.
do not open position without SL, like newbie
Low risk trade, low drawdown, every trades with SL and TP
one day one or two trades. safety for long run.
Daily:0.71%
Monthly:24.53%
Drawdown:9.21%
Balance:$11083.72
Equity:(100.00%) $11083.72
Profit:$3020.33
Deposits:$8063.39
https://www.myfxbook.com/members/RayShen/fundshow/4260030
Many of you guys seems to delete links to accounts so fast when things go wrong.
Mar 13, 2020 at 05:40
Mar 13, 2020 at 15:13
http://www.myfxbook.com/members/almfx/oasis/5012796
Broker : ATC Brokers ,FSCS, FCA Regulated .
http://www.myfxbook.com/members/almfx/feng/5012740
Broker : ATC Brokers ,FSCS, FCA Regulated .
http://www.myfxbook.com/members/almfx/feng/5012740
