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wdqwwdq (wdqwwdq)
Oct 26 2018 at 09:11
10 posts
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.
wdqwwdq (wdqwwdq)
Oct 26 2018 at 09:11
10 posts
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.
earndailyprofit
Oct 26 2018 at 09:12
3 posts
GermanyFX (GermanyFX)
Oct 26 2018 at 09:15
312 posts
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.

pipscalper71
Oct 26 2018 at 09:19
140 posts
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.

togr (togr)
Oct 26 2018 at 09:24
4862 posts
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

togr (togr)
Oct 26 2018 at 09:24
4862 posts
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%

snapdragon1970 (snapdragon1970)
Oct 26 2018 at 15:28
1944 posts
hope you guys are short Dollar the way things are going with Stocks.

"They mistook leverage with genius".
clessm (clessm)
Oct 27 2018 at 17:14
32 posts
newbie trader for Axi-Selector please view
..
https://www.myfxbook.com/members/clessm/reidhetshel-axi/2654524

if we know risk,we will not ruin // Novice Trader :
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