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is it possible to turn $100 to $1000 in 4 weeks ? (real account)
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togr

Member Since Feb 22, 2011  3981 posts vontogr (togr) Aug 27 2014 at 13:59
ahuruglica posted:
Gary, closing one possition to open a new one with double order is not martingale. Also, has nothing to do woth money management too.

According to martingales, doubling the bet without closing the open possition, decreases the average entry and it is needed only a few pips for the price to retrace for the profit. That does not apply to your martingale style.

Also closing the possition to open a new one is not money management. Secont trade is double the risk, third trade is quadriple, and so one... No one is sure than the next trade is a win, there can be consecutive losses. Money management means for every trade same risk is taken in % terms.

Just my opinion, off course.
Regards.

@ahuruglica
back to school. Gary, closing one possition to open a new one with double order is not martingale - This is exactly martingale. You close trade with a loss and open trade twice as big in hope to recover the loss.
Study
Originally, martingale referred to a class of betting strategies that was popular in 18th-century France.[1][2] The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss

I like what I trade, I trade what I like
Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Aug 27 2014 at 14:00
ahuruglica posted:
Chilopo, one more question. Do you call withdrawing fund money management?


  In fact I do. Excellent question! The reality is protecting your principle, taking money off the table, Reinvesting your earnings in currency in something else. That can all be done via withdrawing, and goes directly into how you manage your next trade. Your exposure, etc

Why guess, when you can react to what is in front of you.
Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Aug 27 2014 at 14:02
togr posted:
Cholipop posted:
 My goal would be to never lose more then 4 trades in a row. If that could be maintained throughout every trading session it will result in continues growth within the account.

@Cholipop
You have nice profits and low DD. Now why do I think it is a scam? It is quite simple you do not send your stats to MFB each 5 minutes by default. You just wait till positions are closed so it never shows huge DD that appears meanwhile and that will for sure kill the whole account. I consider this a cheating. My accounts are updated as often as possible so each 5 minutes. That's how I provide real and solid information so everyone can choose to follow or not. Your accounts are not updated for several hours or even days to hide the real DD.


  I have read that you can actually do it. Yet, if my account updates every 5 mins or not, SHOULD I margin call, it will reveal so once the account updates again. If stats are not shown, you simply have to calculate my % + - per pip, and multiply by Pip - Draw down. Kindly look at every trade and it will reveal how much percent I have given to the market per wager.

Why guess, when you can react to what is in front of you.
togr

Member Since Feb 22, 2011  3981 posts vontogr (togr) Aug 27 2014 at 14:04
that's BS
It is not easy to go back and calculate DD on your account
That's why MFB statistics update is a good way to measure it

I like what I trade, I trade what I like
Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Aug 27 2014 at 14:05
togr posted:
ahuruglica posted:
Gary, closing one possition to open a new one with double order is not martingale. Also, has nothing to do woth money management too.

According to martingales, doubling the bet without closing the open possition, decreases the average entry and it is needed only a few pips for the price to retrace for the profit. That does not apply to your martingale style.

Also closing the possition to open a new one is not money management. Secont trade is double the risk, third trade is quadriple, and so one... No one is sure than the next trade is a win, there can be consecutive losses. Money management means for every trade same risk is taken in % terms.

Just my opinion, off course.
Regards.

@ahuruglica
back to school. Gary, closing one possition to open a new one with double order is not martingale - This is exactly martingale. You close trade with a loss and open trade twice as big in hope to recover the loss.
Study
Originally, martingale referred to a class of betting strategies that was popular in 18th-century France.[1][2] The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss



  Very good DD sir. +1

Why guess, when you can react to what is in front of you.
ahuruglica

Member Since Jun 28, 2013  852 posts ArdiFX (ahuruglica) Aug 27 2014 at 16:53 (edited Aug 27 2014 at 17:04 )
@togr

You are wrong, I don't mind going back to school if there is something to learn. As a matter of facts there is a lot of things I don't know and I long for knowledge. One thing is for sure, you cant teach me about math. If it makes your ego feel better, feel free to offend me again. But at least have something meaningful to say and stop being a kid.

This is the link about forex martingale strategy from forexop.com (I did not write that) and also the graph from same site. Clearly visible, LOTS ARE NOT CLOSED, they are closed when on profit (16 lots on total).

https://forexop.com/martingale-trading-system-overview/



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togr

Member Since Feb 22, 2011  3981 posts vontogr (togr) Aug 27 2014 at 19:28
ahuruglica posted:
@togr

You are wrong, I don't mind going back to school if there is something to learn. As a matter of facts there is a lot of things I don't know and I long for knowledge. One thing is for sure, you cant teach me about math. If it makes your ego feel better, feel free to offend me again. But at least have something meaningful to say and stop being a kid.

This is the link about forex martingale strategy from forexop.com (I did not write that) and also the graph from same site. Clearly visible, LOTS ARE NOT CLOSED, they are closed when on profit (16 lots on total).

https://forexop.com/martingale-trading-system-overview/





This is martingale
Gary, closing one possition to open a new one with double order is not martingale
What you describe
LOTS ARE NOT CLOSED, they are closed when on profit
 is martingale as well

I like what I trade, I trade what I like
Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Aug 27 2014 at 20:41
togr posted:
that's BS
It is not easy to go back and calculate DD on your account
That's why MFB statistics update is a good way to measure it


Are you sure that it can not? Allow me to show you.

 1) Open up my ACCOUNT HISTORY
 2) Open a calculator
 3) Look at my stat and notice the % change (Lets use Fefeen's account as an example, do you see the last trade. It had a profit of 6.56% on 2.7 pips. Well to find out how much each pip + or - is in % Simple do number 4.
 4) Enter in your calculator 6.56 / 2.7 = That will give the result of 2.43 percent of my account is profited or lost with each pip movement.
 5) To find out DD% that Myfxbook didn't obtain because account isn't updated every tick would be the next step.
 6) The result of 4 2.43 time PIP-DRAWDOWN (Amount of pips you were in red per every single tick in the market, not by update time)

  That is how DRAW DOWN% is accurately calculated. The amount of pips any given trade has multiplied by the % of account being risked per pip. :)

  I hope you would take the time to study sir! That's a good way of knowing how to use the information provided. Which is why MYFXBOOK rocks!

Why guess, when you can react to what is in front of you.
Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Aug 27 2014 at 20:42
Are you sure that it can not? Allow me to show you.

 1) Open up my ACCOUNT HISTORY
 2) Open a calculator
 3) Look at my stat and notice the % change (Lets use Fefeen's account as an example, do you see the last trade. It had a profit of 6.56% on 2.7 pips. Well to find out how much each pip + or - is in % Simple do number 4.
 4) Enter in your calculator 6.56 / 2.7 = That will give the result of 2.43 percent of my account is profited or lost with each pip movement.
 5) To find out DD% that Myfxbook didn't obtain because account isn't updated every tick would be the next step.
 6) The result of 4 2.43 timeS PIP-DRAWDOWN (Amount of pips you were in red per every single tick in the market, not by update time)

  That is how DRAW DOWN% is accurately calculated. The amount of pips any given trade has IN red multiplied by the % of account being risked per pip. :)

  I hope you would take the time to study sir! That's a good way of knowing how to use the information provided. Which is why MYFXBOOK rocks!

Why guess, when you can react to what is in front of you.
Cholipop

Member Since Aug 07, 2014  406 posts Cholipop Aug 27 2014 at 20:42
Have a look at these stats.... https://www.myfxbook.com/members/Cholipop/100-1k-4-weeks/1003698

 Do you see the EU .8 lot trade. I was able to buy about 7 pips from the bounce we are seeing now. The EA even has pretty accurate bottom catching abilities.

Why guess, when you can react to what is in front of you.
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