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Scaling in - no stop loss

  • #21
  • Sep 28, 2017 6:51am Sep 28, 2017 6:51am
Quoting bmcgowra
{quote} If the price moves between level 5 and 6 up and down. It will buy level 6 and then if it moves back to level 5, level 6 takes profit. A new Buylimit order is entered at level 6. So if going to level 6 again it buys again and if moving up it sells at level 5 again. The buylimit orders keep taking profit at the upper buy limit orders and then enter a new pending buy limit order again.. Is this clear? So if the price gets stuck and continues between 2 levels you could earn all losses back before the price moves back to entry again..
Thank you, all clear now.
Plan, Patience, Profit
  • #22
  • Sep 28, 2017 7:22am Sep 28, 2017 7:22am
Got it!! Thanks for the clarification!!

Quoting dagoods
sounds like you are using something similar to a fractal model to hedge sorta...specifically you are using the doubling sequence initially... so 5,10,20,40,80 etc. so if price moves against you 5 pips you average in at -10, then not again until -20 then not again until -40 etc. kinda thing the idea being you will eventually sooner or later have at least a 50% retrace and therefore a recovery of the loser at break even. The winning trades will be all profit and the losing trades will all eventually recover. so long as price eventually retraces 50%....
  • #23
  • Sep 28, 2017 8:13am Sep 28, 2017 8:13am
Quoting bmcgowra
{quote} If the price moves between level 5 and 6 up and down. It will buy level 6 and then if it moves back to level 5, level 6 takes profit. A new Buylimit order is entered at level 6. So if going to level 6 again it buys again and if moving up it sells at level 5 again. The buylimit orders keep taking profit at the upper buy limit orders and then enter a new pending buy limit order again.. Is this clear? So if the price gets stuck and continues between 2 levels you could earn all losses back before the price moves back to entry again..
how about if you only have one TP in level 6 and then price went down all the way to level 10? what will happento your profit?
  • #24
  • Sep 28, 2017 8:19am Sep 28, 2017 8:19am
Quoting mario777
{quote} how about if you only have one TP in level 6 and then price went down all the way to level 10? what will happento your profit?
In that case the buy limit orders of level 6 will be executed again and then the buy limit orders of level 7,8,9,10 etc upto 100 if you have enough capital for the DD.
  • #25
  • Sep 28, 2017 8:26am Sep 28, 2017 8:26am
Quoting bmcgowra
Anyway, I am currently not trading this strategy. Just testing it. I am mostly curious what others think.. :-)
concept for desaster in my view.
fortis fortuna adiuvat
  • #26
  • Sep 28, 2017 8:31am Sep 28, 2017 8:31am
Quoting deltaone
{quote} concept for desaster in my view.
It would be very nerve wracking with a real account! But the idea is that you can withstand huge DD with a big account. The person who showed this to me also showed me his trading history of years. With a few major DD's. But he waited for weeks and eventually he was in profit again. He said on a number of occasions he couldnt sleep.

But hey, I myself am sceptic regarding the Strategy. So you do have a point!

I am currently looking for good feedback.

Does anyone have experience with something like this?

Would be interesting to test this with an EA.
  • #27
  • Sep 28, 2017 9:26am Sep 28, 2017 9:26am
If it worked for your Dutch friend 'long-term', then who can say it's a bad strategy? Your friend didn't invent this, many, many traders have done this. The way it's effective is if you're adding to a trend pullback, i.e. buying into a pullback of an uptrend. If you're buying into a downtrend and you continue buying, it will blow up fairly quickly.
  • #28
  • Sep 28, 2017 9:37am Sep 28, 2017 9:37am
Quoting bmcgowra
Anyway, I am currently not trading this strategy. Just testing it. I am mostly curious what others think.. :-)
my thoughts, for as little as it worth...
find a way where you can virtually skip your first 5-6 levels...ie extreme one sided moves, overbought/oversold...
keep levels distance as per that time.
you should come out ahead
there is always, always another trade!!
  • #29
  • Edited 12:22pm Sep 28, 2017 11:40am | Edited 12:22pm
Quoting emmanuel7788
{quote} Have you calculated how much your account size must be when you average down to 99 levels with Martingale lot size? or keep it simple to just 15 levels before you cut loss. What is your "safety valve"? https://www.forexfactory.com/showthr...82#post9893382

what exactly does that mean? all i see is a picture of a steam engine.... no explanation of what the esoteric code he is referring too does....

could you please elaborate..... Tx

hedges as a safety valve?


PS i still am not clear on how the strategy is working. is it using hedging?

@ Op: an example of each theoretical trade SL & tp as it goes against you would be helpful to clarify. TY
  • #30
  • Sep 28, 2017 1:06pm Sep 28, 2017 1:06pm
Quoting dagoods
{quote} what exactly does that mean? all i see is a picture of a steam engine.... no explanation of what the esoteric code he is referring too does.... could you please elaborate..... Tx hedges as a safety valve? PS i still am not clear on how the strategy is working. is it using hedging? @ Op: an example of each theoretical trade SL & tp as it goes against you would be helpful to clarify. TY
Is the last post of page 1 not clear to you? Also there is no Stop loss, as the title of the thread indicates and it doesnt use hedging.

If you dont understand the last post of page 1 please ask what is unclear.. I will happily explain. :-)
  • #31
  • Sep 28, 2017 2:11pm Sep 28, 2017 2:11pm
"Open the 1 hour chart and look if the past 2 days where bullish or bearish. If Bullish buy and if bearish sell."..... how? just asking the right question that no one does around here lol
Staying in my lane...
  • #32
  • Sep 28, 2017 2:22pm Sep 28, 2017 2:22pm
Quoting VEEFX
"Open the 1 hour chart and look if the past 2 days where bullish or bearish. If Bullish buy and if bearish sell."..... how? just asking the right question that no one does around here lol
Example EURUSD. Bearish! :-)
Attached Image
  • #33
  • Sep 28, 2017 2:58pm Sep 28, 2017 2:58pm
Quoting bmcgowra
{quote} Example EURUSD. Bearish! :-) {image}
Good luck if you think this is a bearish chart. I see range bound for the next 48 candles
Staying in my lane...
  • #34
  • Sep 28, 2017 3:53pm Sep 28, 2017 3:53pm
Swissy black swan was a whopping 1500 pip slide..try to martingale that....
  • #35
  • Sep 28, 2017 4:07pm Sep 28, 2017 4:07pm
Quoting cuchuflito
Swissy black swan was a whopping 1500 pip slide..try to martingale that....
He is right. There have been too many black swans and minor black swans.
  • #36
  • Edited 6:13pm Sep 28, 2017 5:48pm | Edited 6:13pm
Quoting bmcgowra
This strategy was tought to be by someone in Amsterdam, who claims to trade it with great success. You need a big account, ------------- {image}
well this is called trading equity strategy as this is the real name of it or another name CONTOUR trend strategy ( NOT COUNTER ) for the strong players

i will explain more, as i have built an Ea for this strategy since ever as it is not new bit all equity traders are using it and it needs as you have said steel Balls and good account balance but not too much huge

you add the ea to any pair that you will not trade it at all, lets assume gold --- the next steps are not related to the ea - ok

and you want to trade 6 pairs in 0.01 lot.

so either you make the buy limit or you use the close on profit/ loss code or you use the anchor point at which it is the first trade and your begin making the counter trend trades one by one till the market begin to reverse now my friends the game is like this

the ea on the non used in your trades of gold for example, has a code says

if sum buy for all buy trades in this pair only > 0 ......then close all in this pair of buy -- i mean it all so your case here is ok.... but this is for one pair

but you have another 5 pairs... then this code is not valid so i have removed it from the code - you can add it to any other code bit not to this ea

so

the ea will make another choice

if AccountEquity/AccountBalance >= 105 as a percent for example then close alllllllllllllllllllllllllllllllllllllllllll trades for aaaaaaaalllllllllllllllllllllll pairs

rgen the ae will be = to ab

and you begin the loop

this is hedging of several pairs

here is the ea as a gift

it will not open any trades but it will close only aaaaallllllll trades for all pairs if the ratio target is achieved

use it on your own risk and on your responsibility...

the hedging of several pairs is hard

try to use trades on one pair using this strategy

you do not need huge account if you use 0.01 lot

buy be aware that, bcz we are greedy... we will open many trades and if you do not know the hedging rules theb repeat after me bye bye my account

so when the trades will go on your faver the equity will increase

but the better is to use the sum all > 0 for each pair at which is more faster to increase both equity and balance at the same time by one pair each time


Attached File(s)
File Type: ex4 trading_equity_samer1970.ex4   13 KB | 492 downloads



if ( ratioacceaccb_limit<=100 )
{
Alert("wrong percentage ration- ea stopped /// it must be greater than 101");
Comment(" wrong percentage ration- ea stopped /// it must be greater than 101");
return;
}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #37
  • Sep 28, 2017 5:55pm Sep 28, 2017 5:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB


the ea will wait you to make trades
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #38
  • Sep 28, 2017 5:58pm Sep 28, 2017 5:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #39
  • Sep 28, 2017 6:03pm Sep 28, 2017 6:03pm
so if you use the contour trading system and not counter system, it is as geographic dwg the mouantains by the maps
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 34 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #40
  • Sep 28, 2017 6:09pm Sep 28, 2017 6:09pm
this is a very old strategy and all are trading it even you but you do not know this, buy more on loses to make the average higher

ADD THESE TWO BLOCKS INTO YOUR EA AND SEE THE MAGIC OF THE SUM

THE AMAZING THING THAT ONCE THE MARKET IS MOVING WITH YOUR -VE TRADES AND LOSSES YOUR EYES WILL BEGIN TEARING IF YOU DO NOT HAVE STRONG BALLS AS THE MARKET WILL CRUSH YOUR ACCOUNT, BUT ONCE THE MARKET IS MOVING WITH YOU TO YOUR +VE TRADES THEN WOW THE EQUITY EA WILL BEGIN WORKING AS PER THE HEDGING OG THE PAIRS OR YOU USE THE CODES HERE TO ONE EA

KEEP GREEN PIPS BOYS AND GIRLS- I AM STILL SLEEPING IN HOSPITAL BUT I COULD NOT CATCH MY SELF FROM WRTING.

here is the counter code

//////////////////////////////// meter of buy trades and meter of sell trades for any magic number /////////////////////////////////////////

double nn=0,bb=0,counterb=0,sumbuytpforalltrades=0;
for(int ui=total-1; ui>=0; ui--)
{
if(OrderSelect(ui,SELECT_BY_POS))
{
if(OrderSymbol()==Symbol())
{
if(OrderType()==OP_BUY )
{
double op=OrderOpenPrice();
double llot=OrderLots();
double itog=op*llot;
bb=bb+itog;
nn=nn+llot;
factb=bb/nn;
counterb=counterb+1;
double buysumordersprofit = OrderProfit() ;
sumbuytpforalltrades = NormalizeDouble(sumbuytpforalltrades + buysumordersprofit,2) ;

}
}
}
}
double nnn=0,bbb=0,counters=0,sumselltpforalltrades =0;
for(int usi=total-1; usi>=0; usi--)
{
if(OrderSelect(usi,SELECT_BY_POS))
{
if(OrderSymbol()==Symbol())
{
if(OrderType()==OP_SELL ) // ANY MAHIC NUMBER
{
double ops=OrderOpenPrice();
double llots=OrderLots();
double itogs=ops*llots;
bbb=bbb+itogs;
nnn=nnn+llots;
facts=bbb/nnn;
counters=counters+1;
double sellsumordersprofit = OrderProfit() ;
sumselltpforalltrades = NormalizeDouble(sumselltpforalltrades + sellsumordersprofit,2) ;
}
}
}
}


here is the sum code

{
if(sumselltpforalltrades>20*nnn && counters>=2)
{//close all sell

for(int uuiqyy=total-1; uuiqyy>=0; uuiqyy--)
{
if(OrderSelect(uuiqyy,SELECT_BY_POS))
{
if(OrderSymbol()==Symbol())
{
if(OrderType()==OP_SELL )// remove
{//3
result=OrderClose(OrderTicket(),OrderLots(),Ask,3,White);
}//3
}
}
}
}//close all sell
if(sumbuytpforalltrades>20*nn && counterb>=2)
{//close buy block

for(int uuiqttt=total-1; uuiqttt>=0; uuiqttt--)
{
if(OrderSelect(uuiqttt,SELECT_BY_POS))
{
if(OrderSymbol()==Symbol())
{
if(OrderType()==OP_BUY )// remove
{//2
result=OrderClose(OrderTicket(),OrderLots(),Bid,3,White);
}//2
}
}
}
}//1
}
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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