If you look to your open trades, you openend several buy trades, one behind the other in certain distances (like a grid) as long as the AUSUSD goes in the wrong direction. i.e. typical free grid/martingale EA is Indo.
There are only a few shortcuts in life ....... but for successful trading you have always to go the extra mile
I'm familiar with grid types of systems. Not what I'm doing and not using an ea. Just looking for my setups and use specific risk management rules and position sizing. I'm not that concerned about what other think. Although I do like to hear others views. Works for me so that's all that really matters. It is a mini account. Not sure why that matters but oh well. Have a great weekend everyone.
It's better to keep what you have than to make it back.
I have question of how you manage your wrong positions; what if the pair trends against you? From what it can be seen in your history you trade against USD making the carry trade to work for you with EUR and AUD; is evident that you are getting a nice amount only from rollovers of the AUDUSD; but this only works for bull trends. Do you use stops? Or simply are you putting an small limit without stop counting with the favourable trend (and with de AUDUSD) and rollover?
very good system as I can find so far in this website, none of the systems are perfect, there must be someone out there can make money with martingale system, i don't deny a system because it is a certain type. the important thing is that it can meet your risk/reward and make money in the long term
again, this system is quite good, probably the best one here, nice !
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.