Thank you so much. FXtradepro
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DislikedIf anyone is still interested in this Trading Strategy - I have been Trading EURJPY with a 30 Pip SL and 120 Pip TP with very good success using the Standard progression Sequence up to a maximum of 20 levels. So far I have not had a Sequence exceed the 9th level and I have been finding the set-up to be very low stress. Most Sequences have been closing well before the 6th Entry.
This concept should appeal to those more interested in Swing-Type Trading Method.s
If you want to give the EA a try please contact me via Email or PM.
Regards,
DanIgnored
Dislikedi love the sysytem i do have one modification though i would have a start over point.... for example i wuold go back to trade number 1 after 10 consecutive losses.... i would suck it up and take a loss and start over if i never got a win aand was on my 11th trade.... in other words i view 10 losses as a big stop loss..... just a thought.... or maybe i would at least lower the lost sizxe after 10 losses or else its too riskyIgnored
DislikedHello dagoods...........Interestingly, I am now also using a modified version of this Strategy that Trades to the 7th Level and takes a loss there (similar to your idea) if the TP is not hit. This is in addition to the Original Method. I will send you an email with some additional information about that.
DanIgnored
Dislikedlook forward to it...also i would think this method would work much better on a trading startegy that actually has a better than 50% success ratio...for example any of the trading methods that recieve five stars on forex factory... in the trading systems section...then you could bve reasonably assured that you wont get 10 losses in a row unless there is an anamoly of the method like 1 in 100 times and hopefully by that time you have banked profits and taken plenty of money out of your trading account....also i think maybe it works better on scalping methods with tight sl and tp since most of us dont have unlimited bankrolll..... but the key is to use it with a good strategy rather than flip a coin or a losing strategy with a negative expectation to begin with... no offense to the creator of this thread but i dislike his strategy..... seems like it loses more than it wins....better to use semi-martingale on a winning strategy i think.... IMO.... i think a strategy that pust stop buy or stop sell trades is best at or near fivb levels or support and resitance levels then you can bank a quic 12 pips as it breatest those levels or something like that...or just use nicotinas strategy or auslancos but those both have BIG stop lossess so maybe they are not suited for this...but the point is that it may work well with a winning strategy....maybe an ema sma cross strategy or something..something that is 51% to win at least and NEVER has 10 losses in a row on 10 year backtests on ea.....my 2 cents ....make an ea and send it to me so i can get filthy rich will ya!Ignored
DislikedIf you've actually read through this Thread you would understand that I do not use or recommend a RANDOM Entry criteria. I agree that any good Trend Following method should work well with this Strategy.
DanIgnored
DislikedDan,
Why bother with reversal entries, if you use this with trend following?
Just take only the entries that go the direction of the trend... adding position sizing and reentering after stopouts.... exactly the same as Jacko's AH method but with semi-martingale size.
??thoughts??Ignored
DislikedDan,
Why bother with reversal entries, if you use this with trend following?
Just take only the entries that go the direction of the trend... adding position sizing and reentering after stopouts.... exactly the same as Jacko's AH method but with semi-martingale size.
??thoughts??Ignored
DislikedThis is the first time I read this thread. But the system isnt new to me; in fact, I already have done just the same last Apr as posted in this forum.
Martingale is an exercise in "Extreme" Money Management to be successful. You can expect 100% chance of win everyday as long as you practice Extreme Money management. Your return is small but consistent; to make $20-$60 a day, you will need an equity of at least $5K and a broker that allows 0 Hedged Margin.
Hmm.. 20~60 a day on a $5k account? thats not bad. After a month, thats $400~$1200 on a $5K; a lot easier/safer than full hedged carry trading.Ignored
DislikedHi Dan,
Just read the first page of this thread and the last couple. Just love your reasoning and presentation.
I'll enjoy the rest of your thread like a holiday gift and hopefully be able to contribute to your efforts.
Merry ChristmasIgnored