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Posts by forex_trader_323686
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Gamblers Dream 1.4
in
Trading Systems
Aug 29, 2016 at 03:38
i removed the custom start date so that over time, fellow traders and gamblers like me can see the overall pattern of the martingale and the benefit of limiting the levels of the strategy. I do not like the way myfxbook calculates draw down and gain as I have recovered the USDJPY losses and absolute gain (real profit) is back in positive territory.
Gamblers Dream 1.4
in
Trading Systems
Aug 29, 2016 at 02:32
Was able to get a couple of winning trades of EURJPY. Shut down the EA when the RSI reached over bought levels.http://www.myfxbook.com/files/FXScotty/Capture_GA.PNG
Gamblers Dream 1.4
in
Trading Systems
Aug 28, 2016 at 23:14
EURJPY - First trade of the week.http://www.myfxbook.com/files/FXScotty/Capture_b9.PNG
Gamblers Dream 1.4
in
Trading Systems
Aug 28, 2016 at 12:46
Glad to see I am not the only one to enjoy these types of strategieshttp://www.myfxbook.com/community/general/martingaleaveraging-expert-advisors/1250119,2
Martingale/averaging expert advisors
in
General
Aug 28, 2016 at 06:55
I use RSI and Trending manual trading strategy with Averaging Down Grid Recovery. 20-30% Maximum Risk of Account Equity.4 Grid levels with increasing lot size of 1.7 times the lot size of initial order.10-30 Trades per day depending on pair price movement..01 Base Lot size per $300 of account balance (1-500 Leverage)The trick in using any averaging down (Martingale) strategy is knowing when NOT to enter trades. I use multiple indicators that have found on Forex Factory. Many thanks to those developers.
Gamblers Dream 1.4
in
Trading Systems
Aug 28, 2016 at 00:55
In the event this algorithm pans out for all to benefit from, I have created a signal from the MQL5 website. You can see the complete history including the 3 lost trades on USDJPY. https://www.mql5.com/en/signals/217060 I will also setup trade copier from the myfxbook site when the time is right.
Gamblers Dream 1.4
in
Trading Systems
Aug 27, 2016 at 23:49
Adjusted chart analysis time frame to begin after I stopped trading USDJPY pair as indicators did not work well on that pair.
Gamblers Dream 1.4
in
Trading Systems
Aug 27, 2016 at 22:00
Tips for trading any martingale system.Don't trade prior to major news eventsDon't trade against the trend.Don't trade after large market movements - let it stabilize into a trendDon't trade while over bought or over sold conditions exist - high likelihood of a strong reversal.The beauty of having an EA that you have to tell when to start may keep the martingale monster at bay. The human mind is the most important part of any trading/gambling strategy or system.
Gamblers Dream 1.4
in
Trading Systems
Aug 27, 2016 at 21:12
http://www.myfxbook.com/files/FXScotty/Capture.PNG
Gamblers Dream 1.4
in
Trading Systems
Aug 27, 2016 at 20:45
MyFXBook account verification should update when market opens this week.
Gamblers Dream 1.4
in
Trading Systems
Aug 27, 2016 at 20:16
When conditions match up I load the EA. Then all I have to do is press the start button. It will open first order at market price with 3 pending orders 40 pips equidistant grid in the event of a reversal. EA starts a 2 pip trailing stop at 8 pips of profit. If order closes in profit and conditions remain good, the EA will open a new position with new set of pending orders. This will continue as long as the trend continues or I hit the STOP button. In the event the price reverses and any of the pending orders is utilized, when the set of orders is in profit, the EA will close all orders and sto...
Gamblers Dream 1.4
in
Trading Systems
Aug 27, 2016 at 20:10
http://www.myfxbook.com/files/FXScotty/Gamblers_Dream_SS.PNGWhen conditions match up I load the EA.http://www.myfxbook.com/files/FXScotty/Gamblers_Dream_SS2.PNG
Gamblers Dream 1.4
in
Trading Systems
Aug 27, 2016 at 20:08
RSI and Trending manual trading strategy with Averaging Down Grid Recovery. 20-30% Maximum Risk of Account Equity.4 Grid levels with increasing lot size of 1.7 times the lot size of initial order.10-30 Trades per day depending on pair price movement..01 Base Lot size per $300 of account balance The trick in using any averaging down (Martingale) strategy is knowing when NOT to enter trades. I use multiple indicators that have found on Forex Factory. Many thanks to those developers. The EA I designed myself. When I feel the market is favorable, I will start the EA and it will trade in the direct...
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