Great response...I believe you are onto something big...I trade similar to your trading method...as a matter of fact I manually trade but very similar to your style ....I believe your error is in the management...I know you will figure out the details. Don't martingale ........but just advice...build as your account builds and lock in the lots...now you'll have to calculate a range of loss tolerance...this is where you sustain from martingale and just close, then re-evaluate with a small hit. Start the system over the next day. If you would have done this you would have never took such a big loss...because statistically your EA on trade performance kicks butt. God bless and good luck. I say luck but in reality there's no luck to this ...you'll figure it out and when you do it'll be hard work. God bless.
sorry that this resulted in such a huge loss to your account. What has already been mentioned quite makes sense. Your system should not martingale, it is a good system which is able to still make profits without using the martingale system. Yes profits will be lower, but so will risk. At the end of the day, capital protection is the number one aim, profits are only good if you can protect it! Take out the risk, take lower profits, be safer. You do that you would be one step closer to having a superb system.
As a subscriber i know the real trading account. In September there was a very big loss - the September ended with -24,47%! And that was the 3rd strong drawdown in life ot that account. The system wins permanently 10 cent or 1.50$. The big loss kills more than 300$. And if the account is nearly crashed, suddenly there are more 200,- cash on the account to avoid the margincall. If you want to make money, you cannot deal with wins of 0.10$ - you have to bring much more money - only to pay the subscription. And if there is another crash, you will lose not only 300$ but 30.000$. At the moment this system is not to trade with real money. Sim always talks to improve the system. Yes he wants. But if he would know how to do, he had done it before. He cannot at the moment. It was the second big big crash within 3 weeks! Look at my accounts. The demoaccount had great win. The real account i stopped losing more money.
Since my master trading account is in private therefore i am sharing the latest situation of the master account here. It had went through another level 10 of Martingale. However the master account has been back to its 100% equity. If you are following my recommended lotsize, your lowest equity DD should be at about 88% which was at -15% during the opening of the level 10th trade. At the moment, 1pip is about $1.20 and it can stand for at least another 500pips in opposite direction.
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