50 pips a day with real hedgesystem - page 3
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Its true that most brokers will hunt stoploss with big accounts , so I decided not to use stoploss at all, doing that helped me to increase my account balance several times, however at some point I took a trade where I was 99% sure I will win it and the market turn against me, one trade took my all my profits that I worked for months to make.
I would suggest to use hidden stoploss, there are lots of EAs to do that I think the swiss army EA will do the job.
I learned my lesson the hard way, so my 2008 resolution is to always use stoploss ( prefered hidden )
using a hidden or visible stoploss creates the same problems --- while there is a lot of conversations about brokers "hunting" your stoploss, the simple truth is that most accounts get hurt because the currency simply HITS the stoploss, not because the broker went looking for it !
Now what you havent said is even more impt than what you did say --- were you TRADING WITH THE TREND and did the currency reverse at some place and come back to profit?
I will bet an awful lot that DID happen, and you simply bailed on an extreme move out of fear, creating your OWN stoploss situation !
so I can more fully check what happened, could you give me the date, currency pair and your entry price for this transaction ??
thanks
mp
Its true that most brokers will hunt stoploss with big accounts , so I decided not to use stoploss at all, doing that helped me to increase my account balance several times, however at some point I took a trade where I was 99% sure I will win it and the market turn against me, one trade took my all my profits that I worked for months to make.
I would suggest to use hidden stoploss, there are lots of EAs to do that I think the swiss army EA will do the job.
I learned my lesson the hard way, so my 2008 resolution is to always use stoploss ( prefered hidden )How many consecutive losses will you take in a row before calling it quits? Are you starting with .1 or .01 lots?
How you use ea. I mean you open 2 charts for ex. EURUSD one will for long one will work for sell?
Yes. For each pair you open to charts, one for the buy-EA and one for the sell-EA.
ok i will try
no matter what tf isnt it?
have you some results???
I don't want to spoil your party but think before you need to heal or weap.
So before you start of with this methology wouldn't you better ask yourself in a very firm and methology and nearly scientificly way what the most consecutive losses would have been over the last 5 years and what the hitrate was without martingaling.
Lets say that you would have 100.000$, would you push it into a martingale strategy?...
Is there anyone who red the book " trading for a living" byb A. Elder ?...
He explains about martingale that if you would have 36 consecutive losses in a row and you start of with 1$ that after 36 trades you would lost the BNP of the whole world. In short you would have lost what the whole world is worth in economic perpective.
One can say that the chance that this happens is so small one can neclect this.
But are you traders that want to stay here for many years or are you desperatly trying to make a few dollars with the mentallity of a gambler?...
Some of you give the impression that you are realy standing on the edge of beeing absolutly desperate.
Some of you give the impression of giving it a very last attempt of making a few dollars so you could stretch it an other couple of weeks.
Do some home work about casinos and you will find out that every casino had the fenomenon that between 19 and 25 consecutive black or reds happend. And that is with a nearly 50% chance.
It doesn't happen every week nore every month but it happend.
Most of you give the impression not to be interested to become real and good traders but only interested in making money as quickly as possible. It doesn't matter with what or how...MONEY is what you need and want and NOW.
I realy feel sorry for all of you ....but on the other hand I hope your accounts get burned as quickly as possible so you can pick-up a normall job again.
iGoR