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JourneyFX (By JourneyFx )

The user has deleted this system.

JourneyFX Discussion

JourneyFx
Nov 29 2010 at 04:31
7 posts
Please don't write neggative comments about our strategy if you don't know anything about it. And you are wrong this is far from martingale, the system takes partial positions until the full position is opened based on our clients risk tolerence.
Slow and Steady wins the race
Will Schaarrand
pipinvestment1
Nov 29 2010 at 05:16
219 posts
BROKER is IBFX: 50:1 and FIFO rules apply.

Can you provide a detailed summary of your strategy to prove your claim?
SolarFX (forexma)
Nov 29 2010 at 07:32
1332 posts
JourneyFx posted:
    Please don't write neggative comments about our strategy if you don't know anything about it. And you are wrong this is far from martingale, the system takes partial positions until the full position is opened based on our clients risk tolerence.

Martingale is not a negative comment. If used correctly it might be a powerful weapon. I just noticed that there are multiple trades with increasing lot size, that's it. In fact I love the fact that you're showing real account with reputable broker.
You cannot deny the fact that you're using martingale methods w/o a SL. Maybe the whole system is something a lot more than martingale but people should know you're using it anyway.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Will Schaarrand
pipinvestment1
Nov 29 2010 at 07:44
219 posts

forexma posted:
     I just noticed that there are multiple trades with increasing lot size, that's it.
Anyway you cannot deny the fact that you're using martingale methods w/o a SL. Maybe the whole system is something a lot more than martingale but people should know you're using it.

The LOT SIZE is NOW Private.

Way to go 'Solar'
SolarFX (forexma)
Nov 29 2010 at 07:59
1332 posts

pipinvestment1 posted:
    
forexma posted:
     I just noticed that there are multiple trades with increasing lot size, that's it.
Anyway you cannot deny the fact that you're using martingale methods w/o a SL. Maybe the whole system is something a lot more than martingale but people should know you're using it.

The LOT SIZE is NOW Private.

Way to go 'Solar'

Lot size was hidden from the beginning but looking at the % change... it was easy to guess.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Will Schaarrand
pipinvestment1
Nov 29 2010 at 17:27
219 posts
Smarty! I'm glad MFB finally added that needed statistic.
Will Schaarrand
pipinvestment1
Nov 29 2010 at 19:05
219 posts
11.02.10 16:00 11.23.10 08:15 NZDJPY Sell 0.00000 0.00000 62.31900 64.09500 -177.6 20d -2.39%
11.04.10 03:17 11.23.10 08:15 NZDJPY Sell 0.00000 0.00000 63.29900 64.09500 -79.6 19d -1.14%
11.19.10 00:54 11.23.10 08:15 NZDJPY Sell 0.00000 0.00000 65.05900 64.09500 96.4 4d 3.49%

More so ''GRID Martingale''
Will Schaarrand
pipinvestment1
Dec 03 2010 at 14:21
219 posts
12.02.10 14:55 12.03.10 13:44 GBPCAD Buy 0.00000 1.58100 1.56600 1.57872 127.2 22h 49m 5.15%
11.24.10 13:47 12.03.10 13:44 GBPCAD Buy 0.00000 1.58100 1.60259 1.57870 -238.9 8d -5.14%

-238 pips at 5% and a gain of 127 pips for a 5% gain == Martingale. Why Deny the use of martingale?

 Investors should know the truth😀

 
Will Schaarrand
pipinvestment1
Dec 03 2010 at 14:38
219 posts

JourneyFx posted:
    Please don't write neggative comments about our strategy if you don't know anything about it. And you are wrong this is far from martingale, the system takes partial positions until the full position is opened based on our clients risk tolerence.

Averaging down and doubling up your lot size after a loss are two different styles of trading. Considering that managed accounts are controlled from one master account, Clients would not have control of what you define as 'Risk tolerance'. Therefore, opening additional positions that are twice the sum of the original position declares that you are using martingale as a break even solution. This theory has proven to wipe out accounts in the past and without proper caution this method can be dangerous.
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