Clessm, what type of trading is displayed in account ReidHershel? Is this EA trading or manual?
Look like a martingala system.
Point 5 of criteria of the thread: 5)No martingales!
what is martingala system ?? first time i heard that
continually doubling until you gain the profit lost from previous trades, often ending in a margin call as it escalates quickly.
ok i was reading in google for this technique
there was doubling time order and double tme.... like gambling
my technique quit different in detail .....
- technique that i traded base on .
....1. calculated margin that i accept
such as .....all lot that i calculated not more than 0.6 (about 3-400 pip stop out in direction ) .... i will seperate it to 0.1 x 6 time or 0.01 x 60 time or something not more than over all 0.6 lot
'i was called it a bullet ' then i has 0.1 x 6 bullet
and 2. my fundamental analysis of USD currencies 'should be' weaker in this time then short againt USD is my main trade
such as in GBPUSD currencies if it go down ..... i pay attention at old support in high TF to enrty long position ( H4, day, weekly)
... that is my first bullet marker and ..... if it go down again to next support i will pay attention again for long position second bullet
In Fact ....if i shot 2 x bullet and it go down again ....i will stop trade and watch orther currencies
... not double time like Martingala system
sorry for my poor english
Novice Trader ...
if we know risk,we will not ruin // Novice Trader :