3076 pips in 18 days - page 2

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zzuegg:

I have to disagree. Averaging in is not implying martingale. The important thing when using such strategies is that:

-> stoploss is set at the first trade, stoploss remains the same for the add-on trades.

What stoploss. The statement only shows a TP.
 
brewmanz:

I disagree with gezgin72.

As equity rises, one has more margin & so can risk similar %-age with rising lot numbers.

Martingale behaviour would be increasing risk (often doubling) after any losses. This behaviour is not seen.

Oops. My dismissive comment was flawed, I was only looking at lot size, and had not noticed the way that trades were being added to losing (and also winning) trades. Mea culpa.

After reading further comments, and re-checking the stmt, I will modify my comment to "I'm not sure whether it's Martingale or not"

It certainly *is* risking more and more capital on a trade (seemingly regardless of whether it's winning or losing - it does both).

As it risks more capital to a losing trade, on that basis I regard the strategy as a BAD THING.

 
I will never trade without stops again. I rode the glitch all the way down scale trading EURJPY 5m for 15,000 pips in 28 days with no open orders, but never mind strict rules, if you look at daily, weekly, and monthly it could drag on for years and take out any size account
 

I have different point of view. I can see that there many postions close to each others, which means that he is using an EA.

I'm sure it is not a normal EA that is based on signals, but also technicals I would say.

oh, I guess it could be either of the two; Forex Ghost or Fire Bird.....

The reason is obvious guys. Both open many trades from time to time, and I remember that Forex Ghost doesn't use stoploss while profit traget is small most of the times.

I hope this helps.

Best wishes,

SF

 

hi


now 6586 pips !!!


http://www.mt4i.com/users/kinggbp

 

if you can inform us losses and not just profits

 
7116 pips !!!!!
 
abdullah_st:

Hello my friends

What do you think the results of my work for the past

Best regards


http://www.mt4i.com/users/kinggbp/


great.... what kind of EA you use....
 
Well, I have some ideas. You can take "open by MA, close by SAR". Win|loss = 2/1, so...
 

now in my real account 26299 pips !!!


http://www.mt4i.com/users/kinggbp/

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