is it possible to turn \$100 to \$1000 in 4 weeks ? (real account)
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Medlem sedan Aug 07, 2014  406 poster Cholipop Sep 02 2014 at 06:30
myfxpro9 posted:
Martingale may work short term, not long term. In the long run, a long loosing streak is bound to happen. Here is a perfect example of it;

https://en.wikipedia.org/wiki/Gambler's_fallacy

'The most famous example of the gambler’s fallacy occurred in a game of roulette at the Monte Carlo Casino on August 18, 1913, when the ball fell in black 26 times in a row. This was an extremely uncommon occurrence, although no more nor less common than any of the other 67,108,863 sequences of 26 red or black. Gamblers lost millions of francs betting against black, reasoning incorrectly that the streak was causing an 'imbalance' in the randomness of the wheel, and that it had to be followed by a long streak of red.'

I'm guessing a lot of those who lost their shirts (and their farms) started doubling up on red after the 10th black ball..

Excellent example given by you +1

What I would like to add is that those games are strictly of chance. On the other hand if you wager in forex, and your system is based on patterns, etc. You will notice that it is impossible to lose 26 times in a row. Could you show me 26 candles in a row on the 30 min chart which engulfed one another?
Those patterns simply do not occur in the market. When you are able to realize those things, you simply see the graph as a script more then people, jobs, lives, numbers, opinions, current events. You simply look at it as a script which has to have a point in which she is vulnerable. Those points will be shown within the EA which is currently running. At that point, everyone follows, we all make profit, and hopefully meet on the moon some day and talk about this post. Far-fetched? but, more possible then seeing 26 straight engulf candles on the 30 min chart.

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

Medlem sedan Aug 07, 2014  406 poster Cholipop Sep 02 2014 at 06:31
With 5,000 eurs of buying power, I can turn 100% a week easily. Simply break down the money management system into a tier 6 wagering system, in which we only wager high probability trades. Your sl no questions asked is your trigger candle being engulfed. In which you hedge/ or close, and take the opposite direction x10 instead of of the normal x2 with martingale. Why time 10x. On avg the losses is a 10 pip close. So to recover the EUR amount of that 10 pip loss, the next order would have to be 10x as much as the loser to regain the loss in simply 1 pip profit. What if you make a quick 6 pip flare? You wouldn't take it? You have much greater upside, because your sl is the CLOse OF A CANDLE over a certain amount of time. Once you turn profit for the day, you stop! It is that simple.

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

Medlem sedan Aug 07, 2014  406 poster Cholipop Sep 02 2014 at 06:32
Let's have a look at the EUR account,

Please download and read the caption, then lets look at it at the chart, and find the candle I entered on using your 15m chart. Mine MT4 (myfxbook) IS SET TO LONDON TIME! Then find the engulf after my entry to the down side. That candle itself never was engulfed, and a sl of even 4 pips was safe!

The problem is you never know when the run will continue or when it will reverse, what you do know is that on certain formations the next 6-15 pips are as clear as day as a sign to either long or short. That is where our EA comes into play.

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

Medlem sedan Feb 11, 2013  9 poster Dmitry (shellyz) Sep 02 2014 at 10:04
i can turn 1000\$ to 100\$ in just few mins!

Medlem sedan Aug 07, 2014  406 poster Cholipop Sep 02 2014 at 11:19
Although forex is 100% subjective. We tend to use terms which are in it's entirety subjective. Such as Short term. Long term. Could anyone please be as kind as to define either word with an actual number? Until either can be defined as such. we should re frame from using those words when we trade. Those words bring bias into our trading which of course goes against how we should be trading.

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

Medlem sedan Aug 07, 2014  406 poster Cholipop Sep 02 2014 at 14:11
Yes Dmitry, so can I. Which is why I have the EA trade for me, so it can make really good scalps. Mix it in with Martingale, and you have a very good chance of closing the week green maybe for 2-3 months straight! That is the goal.

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

Medlem sedan Feb 11, 2013  9 poster Dmitry (shellyz) Sep 03 2014 at 07:09
Cholipop posted:
Yes Dmitry, so can I. Which is why I have the EA trade for me, so it can make really good scalps. Mix it in with Martingale, and you have a very good chance of closing the week green maybe for 2-3 months straight! That is the goal.

Yea. i do the same -) https://www.myfxbook.com/strategies/longterm/65589
this is my ea on test. real account work like on the test. when I will gather statistics over a year, lay result

Medlem sedan Feb 11, 2013  9 poster Dmitry (shellyz) Sep 03 2014 at 07:09
But i dont use martingale. Too risky for meh

Medlem sedan Aug 07, 2014  406 poster Cholipop Sep 03 2014 at 07:15
From the start of the week until this moment my 3 followers have a total profit of over 93%! Would you cash out or would you keep your money invested?

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

Medlem sedan May 21, 2011  50 poster juham Sep 03 2014 at 12:05

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