Looking good!
- Joined Feb 2012 | Status: Member | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
Living Off Fx 204 replies
Martingaling - Looks so good until the inevitable 414 replies
Living in China, trading for a living 18 replies
Forex Trading for a living... anyone? 143 replies
is it a game or job?anyone makes his living by forex? 16 replies
QuoteDislikedQ:If a chessboard were to have wheat placed upon each square such that one grain were placed on the first square, two on the second, four on the third, and so on (doubling the number of grains on each subsequent square), how many grains of wheat would be on the chessboard at the finish?
A: The problem may be solved using simple addition. With 64 squares on a chessboard, if the number of grains doubles on successive squares, then the sum of grains on all 64 squares is: 1 + 2 + 4 + 8... and so forth for the 64 squares. The total number of grains equals 18,446,744,073,709,551,615, which is a much higher number than most people intuitively expect.
DislikedMathematically, martingale is a 100% guaranteed win strategy..........given enough time and infinite funds. Putting doubling-down into context, there's the rice/chessboard analogy: {quote} It's interesting to note that casinos have two zeros on their roulette wheels to skew the stats in their favour and give them an edge.Ignored
DislikedThanks for the link. I have to reread it but from what I understand I like it!Ignored
Disliked{quote} Hi Fiat, according to your grains theory, starting with 0.06 lots, a string of 6 consecutive losses should have gone this way : 0.06, 0.12, 0.24, 0.48, 0.96, 1.84, 3.68 I would have needed 3.68 lots to recover and gain my 0.06 initial trade. Now, here are the lots of a real example from my explorer dating from june 20 to june 26 2013. That cycle took exactly as in the previous example 7 trades to conclude : 0.06, 0.10, 0.16, 0.13, 0.27, 0.51, 0.81 I call this a cycle because not all trades are forcibly losers but the cycle terminates only...Ignored
DislikedIt’s time for me to report the trading of July. It has been an energy consuming month, the EA has gone from version 1.18 to version 1.26 ! Everytime I’m obsessed by reducing the risk and now I have been able to reduce the maximal drawdown to 25%. It’s a good improvement but still have a couple of ideas to test after holidays. A bit tired now. I have also made two great discoveries while observing the EA trading during this month. These observations allowed me to make some manual trades with calculated risk and without needing to chose the direction...Ignored
DislikedHi Xandi, Nothing to say about the EA, It's my head who's not working well. Nothing went good during holidays, dispute with girlfriend, holidays shortened by 1 week, and here I am in Switzerland under the rain and gambling with my profits which I have erased plus 50% of my start capital as a bonus for me being stupid and making vengeance trades to recover my losses. But now I have enough, I have turned on the EA again and will let it run itself, just monitoring it like I did the during the first 3 months and see how it goes. I saw that you started...Ignored