DislikedMy first trade with this system gave me a win...from 1.63000 to 1.62500 (+50)
now I'm long...according to the rules...from 1.62500...
Ignored
M candles / Custom candles for second charts 1 reply
Indicator needed - showing pip difference between candles open/close 8 replies
Daily Divergent Candles Method 96 replies
Calculating only buy candles vs sell candles 2 replies
my ultimate alternative method 42 replies
DislikedI used to use a similar system to this when playing roulette on even bets it worked great for a while then a run against the average sent you down and that was on a level playing field, well almost if you forget about the zero.
But here there is an edge you have by placing positions based on the strengths of the individual currencies of the pairs which must result in a more positive return?Ignored
DislikedNot sure of this...
When you win you are supposed to lose the next trade on a 50/50 basis..
for example:
trade 1: i win +50
trade 2: i double and i win +100 (total +150)
trade 3: i double and i lose -200 (total -50)
trade 4: i start again and i win +50 (total 0)
trade 5: i double and i lose -100 (total -100)
as you can see it won't work...
instead doubling on the lose and supposing the same sequence:
trade 1: i win +50
trade 2: i i win +50 (total +100)
trade 3: i lose -50 (total +50)
trade 4: i double and i win +100 (total +150)
trade...Ignored
DislikedThats all well and good but you are fitting the maths to suit your side of the story. Take this one for example
Trade 1: Loss -50 @ 1 Lot (-$500)
Trade 2: Loss -50 @ 2 lots (-$1000)
Trade 3: Loss -50 @ 4 lots (-$2000)
Trade 4: Win + 50 @ 1 Lot (+$500)
Total after 4 trades = -$3000
[i]Its all well and good to try to fit the maths to curve your theory. Realistically you will face times were your buy/sell alternate method losses more than 3 times. I have seen all sorts of models that after comprehensive testing show up to 10 losses in a row....Ignored
DislikedHI,
Can anybody pls explain with some example trades....
Lets say cur pair x is trading at 1.0020, now I will keep one buy order at 1.0050 with stoploss of 1.0000 and tp of 1.0100.
ALso one sell order at 1.0000 with tp of 0.9950 and sl of 1.0050.
Lets say now it reaches 1.0050 and trade executed and then reaches 1.0100, will I close it or increase my sl to 1.0050 (trailing till my sl hits)
You close and go short
In another case, if it falls to 1.0000, I close my trade in loss, and take 2 positions (sell) at...Ignored
DislikedDoes it mean, I always go one + and one -.. I mean one buy and one sell...
When it has reached will it not be a good idea to increase the stoploss and continue to hold that in that direction....Ignored