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madquant

Member Since Aug 26, 2019  52 posts The Mad Quant (madquant) Mar 03 at 09:47
Great! I love to see more profitable trades. :-)

Nasrul_Swing

Member Since Feb 28, 2019  137 posts Nasrul (Nasrul_Swing) Mar 04 at 00:13

Eurmas
scalperking

Member Since Jun 03, 2015  53 posts gary (scalperking) Mar 05 at 06:39

To make money consistently with low draw down
fxninjaea

Member Since Sep 17, 2019  19 posts Forex Ninja (fxninjaea) Mar 05 at 12:23

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.
Ralf4654747

Member Since Mar 06, 2020  4 posts Ralf4654747 Mar 06 at 13:51
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


togr

Member Since Feb 22, 2011  4823 posts vontogr (togr) Mar 06 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.


fxninjaea

Member Since Sep 17, 2019  19 posts Forex Ninja (fxninjaea) Mar 06 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.
almfx

Member Since Feb 13, 2017  176 posts almfx Mar 07 at 12:43
https://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

forexquimera

Member Since May 22, 2017  3 posts Roy Hibraim Garrido Manrique (forexquimera) Mar 08 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

No hay victoria sin sacrificio
scalperking

Member Since Jun 03, 2015  53 posts gary (scalperking) Mar 09 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
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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.