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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

  • #2,261
  • Sep 26, 2017 2:00pm Sep 26, 2017 2:00pm
Please if am wrong, how is possible to make 100% of a given balance in a single trade as said in this thread? please am lost
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,262
  • Sep 26, 2017 2:18pm Sep 26, 2017 2:18pm
please how can i risk 50% of my account balance when am faced with this lot size issue??? please somebody should help
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,263
  • Sep 26, 2017 2:22pm Sep 26, 2017 2:22pm
rags to riches in 10 or 20 trades - stupidity at its finest.
fortis fortuna adiuvat
  • #2,264
  • Sep 26, 2017 2:24pm Sep 26, 2017 2:24pm
Quoting deltaone
rags to riches in 10 or 20 trades - stupidity at its finest.
10 to 20 trades with 50% of your account per trade AND 100% take profit.. whats so hard about it???
  • #2,265
  • Sep 26, 2017 2:37pm Sep 26, 2017 2:37pm
Quoting havo
{quote} 10 to 20 trades with 50% of your account per trade AND 100% take profit.. whats so hard about it???
just do it. 50% of your account per trade - good luck. how many years do you trade? einstein calculated this type of strategy. best expectancy value = 0. with much less than 50% ofc.
fortis fortuna adiuvat
  • #2,266
  • Sep 26, 2017 2:42pm Sep 26, 2017 2:42pm
okay. please if what will be the lot size for an account 50 dollars to make 100% with 80 pips target, am so confuse
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,267
  • Sep 26, 2017 2:47pm Sep 26, 2017 2:47pm
Quoting martinez1
okay. please if what will be the lot size for an account 50 dollars to make 100% with 80 pips target, am so confuse
Depends on the pair
  • #2,268
  • Sep 26, 2017 2:47pm Sep 26, 2017 2:47pm
0.06
  • #2,269
  • Sep 26, 2017 3:40pm Sep 26, 2017 3:40pm
okay, please the pair is eurusd. thnaks
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,270
  • Sep 26, 2017 3:41pm Sep 26, 2017 3:41pm
Quoting GDR3k
{quote} Depends on the pair
okay, please the pair is eurusd. thanks
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,271
  • Sep 26, 2017 4:03pm Sep 26, 2017 4:03pm
Quoting martinez1
{quote} okay, please the pair is eurusd. thanks
Martinez1 you can't set a take profit of 80 pips to equal 100% unless your leverage supports that.

If you have 50:1 leverage, 80 pips isn't going to be enough to equal 100% of your account at $50 risk. ($50 x 50:1 Leverage = $2500 trade size = $0.25 per pip. Will take a 400 pip move to get you to $100.00 to double the initial trade, during which time you will be paying interest/swap since 400 pip moves in one direction don't happen frequently.

Also bear in mind with high leverage you increase the chances that you will actually margin your account before your trade even has a chance to get going.

Imagine if you had 400:1 leverage. With $50, you'd be able to trade a size of $20,000.00, that's $2 per pip. While you now only need 50 pips to hit your target...depending on your broker and the spread of the pair you're trading...you have less than that before you have a margin call.
  • #2,272
  • Sep 26, 2017 4:04pm Sep 26, 2017 4:04pm
Quoting deltaone
{quote} just do it. 50% of your account per trade - good luck. how many years do you trade? einstein calculated this type of strategy. best expectancy value = 0. with much less than 50% ofc.
You are not ready my friend.. you still dont get the point
  • #2,273
  • Sep 26, 2017 5:08pm Sep 26, 2017 5:08pm
Quoting martinez1
{quote} okay, please the pair is eurusd. thanks
I assume you're in the US using a USD account? then you're limited to 50:1 leverage which is pretty bad. So to double 50 dollar account off 80 pips...you will be able to open a 2k position (2000) @ 0.20USD per pip, you will need a 400 pip move to double your 50USD account using full leverage available.
  • #2,274
  • Sep 26, 2017 5:16pm Sep 26, 2017 5:16pm
Quoting martinez1
Please this is exactly what am saying. you can see my balance there {image}
You just need to enter .06 instead of .62 in your trade size (volume)
  • #2,275
  • Sep 27, 2017 8:26pm Sep 27, 2017 8:26pm
I want a indicator, This is the concept....

Simple for Coders.... but not for me....

I just post some screen shots.....

I want its source code also

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  • #2,276
  • Sep 27, 2017 8:41pm Sep 27, 2017 8:41pm
Quoting rajancr
I want a indicator,....
Type "ma cross ea" into the search bar at the top right of your screen. It's a start.....
  • #2,277
  • Sep 27, 2017 9:18pm Sep 27, 2017 9:18pm
Quoting martinez1
please how can i risk 50% of my account balance when am faced with this lot size issue??? please somebody should help
If you can't figure out how to use pip calculator provided by your broker to determine what 50% of your account is the max. What on earth are you doing trying to use this system? Just donate this $ to charity, it'll be for better cause.
  • #2,278
  • Sep 27, 2017 9:29pm Sep 27, 2017 9:29pm
Quoting Price
{quote} Type "ma cross ea" into the search bar at the top right of your screen. It's a start.....

Attached Image
  • #2,279
  • Sep 27, 2017 9:33pm Sep 27, 2017 9:33pm
Quoting rajancr
{quote} .....
https://www.forexfactory.com/search....rchid=35652578
  • #2,280
  • Oct 1, 2017 7:10am Oct 1, 2017 7:10am
What all the negative posters are not understanding is this....you do not need a system of 2:1 RR with a long term winning % above 50, you need a 2:1 RR system where at some point, in some short term sample, you have 8 or 9 more winners than losers. This could be 8 -0, 100-92,200-192, etc. Flip a coin 10000 times and the result will probably be 5000-5000 but numerous times throughout those 10,000 flips, Heads or tails came up 8+ times in a row. Take a baseball player with a career .250 average over 20 years, at many points he had individual weeks where he hit .400, .500 or better. This system only requires AT SOME POINT 8 more winners than losers not a long term winning %. Take $100 into $25,600, I'll take the odds.
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