from deep experience I chose "Yes, possible"
on condition of diversification b/w all available instruments on both direction, with distance of 65 pips at least b/w each 2 orders. and swing target: say 350 pips.
addition, assuming minimum deposit = 2,500
starting lot = 0.01, then 0,02, then 0,03 and so on
applied for all 28 pairs at once.
I am making my trading journal,its unfair to post my closed trades here everyday,whoever wants to share their trades,plz join my trading journal,thanks
Thanks for your feedback friend. What broker you would suggest for this? And to get quick TP, you cannot use linear increment because it will take ages to close a martingale cycle. No?
Good to see that your losses gave you good experience to keep going. Would you please elaborate in detail step by step, how you control the anti-trend trades? You take real Stop Losses?
Congratz for your new thread and best of luck.
our entries cant be 100 percent accurate,that is why I open the trade with EA.if trade is against me,i wait on 4 hour time frame,when PA joins the trend again,i place another trade of same lot size or higher size to get breakeven or profit ,it depends,most of the time price returns because I follow the trend of D-4h.
martingale EA is suppose to work as contrary or countertrend,so EA is only useful if we keep this EA running and placing trades with a same interval or steps on pull backs or retracements.
so this EA can be beneficial for 2 purposes in my trading.one for managing the trades ,another for making grid on retracement and close with profit when PA joins the trend.
I hope I could explain,dont hesistate to ask for clarity.
I think martiangle would work if you have good capital to start with. I front test an martiangle ea using 2000 and it work good.
1-Apply it for all 28 pairs at once
2-put orders in both direction, BuyLimit and SellLimit
you had better cancel TP, leave it without take profit for 10 days. till you see account profit of 50%
TP itself is a flawn! ignore it.
For example, trend on H4 is bearish, you placed a single Sell order 0.01, price went up 50pips, you opened another sell 0.01 hoping price will come down to level 1. But what if price keep going upwards here onward? you will use martingale here or SL?
You mean, we should start with pending orders on all 28 pairs with any specific grid gap, lets say 50pips.
Rules will be same for all pairs, lets say, we discuss here only 1 pair, EURUSD for clarification.
Current Price = Buy 0.01 / Sell 0.01
Price went 50 pips up = Buy 0.02 / Sell 0.02?? Right?
If retrace down, we close both sell (as normal martingale). What about Buy 0.02?
in this way we just lose--hedge on loss of spread
I wrote this morning a new thread, "Martingales" upon my opinion with attached explorer
also I will add here after 5 minutes a new post showing my meaning
if you apply it at once for all 28 pairs, they will carry each other.
picture below answers your question accurately
current price is the reference--no orders here,
hedging here is on profit
assume EURUSD drop 200 pips, will execute 4 orders
then go up 600 pips
will execute 6 sell orders--start from reference line after compensating first 200 pips drop.
your position will be hedged in huge profit
the most stupid things are:
1) quick TP
2) closing in short time--it should remain at least 10 days. to give market chance to absorb its angry in clever way
do not put TP-- or put sings--for example 300 pips!!
give market a chance to give you profit.
assume any currency pairs continue sealing-in!
other currencies will help, will carry for some time this currency loss until it take the right course=move in profit direction and sealing-in in other direction
I won't confuse you
but my thoughts are here:
do anybody think pairs will go forever in one direction!
do anybody thing all pairs will go in the same direction all the time!!??
therefore instead of traditional way!! "huge lots in one pair" with 3 or 4 position!!
do not use huge lot!! use fractured lot. = 0.01 if balance 1000 or less!
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