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

Medlem sedan Aug 07, 2014  406 poster Cholipop Aug 26 2014 at 20:45
togr posted:
Cholipop posted:
ahuruglica posted:
Cholipop posted:


  Thank you so much. Yet, the profit of anyone who would of followed me LAST week % wise would of been what was important.


What about those who would followed you on 10-15 august?


 Would of been what the graph showed. Yet, the ability to put enough good trades together, instead of having the profits spotted all over the graph, as many equity curves may display. It simply reveals if one sticks to a certain rule, and not allow himself to be over come by what the public thinks, then can you pull off % changes as this.

  Although the account was under 100 usd, had any account been attached to it, with the same % management. The accounts would of all profited the same amount of funds. I believe that martingale works, and with complex money management using martingale can a person earn even 3% a day, without risking much funds to begin with.

That's non sense, martingale is risky as hell


 So is trading with no Stop loss.
 So is counter - trading
 So is driving a car with/without a seat belt.

    Expected risk, compared to your actual risk are two different things. Two things which are in no sense of the word NEARLY the same. With the hopes of sticking to the rules, and money management 4 losses in a row should never occur, before a net profit of 3% a day is earned.

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

Medlem sedan Aug 07, 2014  406 poster Cholipop Aug 26 2014 at 20:46
ahuruglica posted:
I think this GIF describes best martingales lol



 Very cute.

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

Medlem sedan Jun 28, 2013  852 poster ArdiFX (ahuruglica) Aug 26 2014 at 20:54
What excactly do you call money magement on martingales? I would like to know. Does martingales have no stop loss?

Professor53

Medlem sedan Dec 15, 2010  795 poster Professor53 Aug 27 2014 at 02:16
Some martingales do, some like mine are grids with martingale. A simple martingale has a stop loss in order to trigger the next doubled order.
Garry

aka
P53

Click on my Name to see My Live Charts and Bio.
Cholipop

Medlem sedan Aug 07, 2014  406 poster Cholipop Aug 27 2014 at 06:37
ahuruglica posted:
What excactly do you call money magement on martingales? I would like to know. Does martingales have no stop loss?


 Martingale itself if a form of money management.

The different factors which can cause you to have altered money management between martingaled accounts would be.

1) After a win... Do you increase the initial lot size?
2) At what point do you withdraw any amount of funds from the account which has grown successfully.
3) Do you manage the martingale form of money management within 1 account, or separate accounts.
4) If you have different accounts used to martingale what would be the difference in account value between those accounts.
5) Do you allow the losing accounts to run until margin call, or do you hedge the orders or close them out after the next phase of the martingale wagering is activated.


  Those and other questions have to do with martingale and are things which I pretty sure people who JUDGE martingale systems never take into account. They simply say martingale doesnt work because eventually the person margin calls the account, but until understand why the person margin called, will it then not be fare to called it a failed martingale system.

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

Medlem sedan Aug 07, 2014  406 poster Cholipop Aug 27 2014 at 06:46
Now as part of money management. What would you do if your account went up over 800%... Wouldn't you withdraw a major portion of it?

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

Medlem sedan Jun 28, 2013  852 poster ArdiFX (ahuruglica) Aug 27 2014 at 11:22 (editerad Aug 27 2014 at 11:36 )
Chilopo, one more question. Do you call withdrawing fund money management?

ahuruglica

Medlem sedan Jun 28, 2013  852 poster ArdiFX (ahuruglica) Aug 27 2014 at 11:36
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.

togr

Medlem sedan Feb 22, 2011  3972 poster vontogr (togr) Aug 27 2014 at 11:36 (editerad Aug 27 2014 at 11:37 )
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 like what I trade, I trade what I like
jotekfinance

Medlem sedan Jun 09, 2014  138 poster jotekfinance Aug 27 2014 at 13:59
I sure would. No reason to let all that ride imho.

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