secchia (By secchia)
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secchia Discussion
Apr 21, 2010 at 13:04
917 Views
5 Replies
Aug 19, 2010 at 11:52
Hi guys,
My name is Lorenzo, I'm not a professional trader, I don't sell eas, I'm just a forex lover just like most of you.
I think someone will ask me what kind of ea is this. Obviously it's a Martingale. We all know very well all the big risks behind this strategy, and I'm a little scared trading with such kind of system. But, I would like to understand if there is a quite safe way to trade with a martingale. This is an hedging Martingale exactly, and I'm trying to lower the risk as much as I can trading the minimum lot size 0.01, with a quite big amount of money (now around 10.000 €). Backtest (like you I don't belive very much in backtest, we never know what is going to happen tomorrow, but backtest is one of the few information we have!!) says that trading this ea with 5000 € you would never have had a margin call on eur/usd in the last 5 years. My experience is: trading with 5000 € in two cases I did not receive margin call, but I did not have enough money to open a new order, and I had to wait the retracement, for this reason I increased a bit the account and now it is around 10.000 €. Now I could be able to open 9 orders in the same direction from 0.01 lots to 2.56 lots, I hope it will be enough for now, waiting for an increased account.
Your opinion is welcome.
many thanks
lorenzo
My name is Lorenzo, I'm not a professional trader, I don't sell eas, I'm just a forex lover just like most of you.
I think someone will ask me what kind of ea is this. Obviously it's a Martingale. We all know very well all the big risks behind this strategy, and I'm a little scared trading with such kind of system. But, I would like to understand if there is a quite safe way to trade with a martingale. This is an hedging Martingale exactly, and I'm trying to lower the risk as much as I can trading the minimum lot size 0.01, with a quite big amount of money (now around 10.000 €). Backtest (like you I don't belive very much in backtest, we never know what is going to happen tomorrow, but backtest is one of the few information we have!!) says that trading this ea with 5000 € you would never have had a margin call on eur/usd in the last 5 years. My experience is: trading with 5000 € in two cases I did not receive margin call, but I did not have enough money to open a new order, and I had to wait the retracement, for this reason I increased a bit the account and now it is around 10.000 €. Now I could be able to open 9 orders in the same direction from 0.01 lots to 2.56 lots, I hope it will be enough for now, waiting for an increased account.
Your opinion is welcome.
many thanks
lorenzo
Sep 03, 2010 at 11:36
Hi FXdf,
unfortunately this is not the holy grail, this a martigale, as you certanly know a risky ea.
How ever this is available on the site www.tradingsystemforex.com, his name is 2000pipsdaily.
Good luck
Lorenzo
unfortunately this is not the holy grail, this a martigale, as you certanly know a risky ea.
How ever this is available on the site www.tradingsystemforex.com, his name is 2000pipsdaily.
Good luck
Lorenzo
Member Since Sep 23, 2010
19 posts
Nov 19, 2010 at 06:40
Thankyou loronzo, you are very straight. Please suggest if elite membership of tradingsystemforex is useful and have you tried other Ea's from this site which have worked on live accounts?
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