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Scaling in - no stop loss

  • #41
  • Sep 28, 2017 6:17pm Sep 28, 2017 6:17pm
Is this some sort of gambling strategy?
  • #42
  • Sep 28, 2017 6:24pm Sep 28, 2017 6:24pm
THE LEVELS SHOULD BE ON CHART BY THE CONTOUR LINES ARE BETTER THAN SWEET GOLD LINES

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #43
  • Sep 28, 2017 6:25pm Sep 28, 2017 6:25pm
Quoting JAKammus
Is this some sort of gambling strategy?
YES IT IS
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #44
  • Sep 28, 2017 6:30pm Sep 28, 2017 6:30pm
The thing is that it is a gambling strategy and used for trading using the direction of the draw down against your account balance...
Some big players are using also martinagle system plus the grid lines

these big players like to play this dirty trading strategy as it is pumping adrenaline and strong feelings of orgasm same as playing roulette

for example first wrong trade is
0.01
then 0.03 wrong

then 0.07

then 0.15

..... It depends on the distance and the first lot size

now his dd is very high

but once the market is reversing back.......................... His profits are from 1000% to 3000% depending on the level the market reversed
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #45
  • Sep 28, 2017 6:34pm Sep 28, 2017 6:34pm
Quoting sugarman
drawdown could be 1000s of pips, but because you keep adding and selling you avoid huge drawdown. You didn't mention about selling, only buying at certain levels.
wrong

each wrong trade will minimize your equity till you reach margin call if your account is not huge--not too much huge
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #46
  • Sep 28, 2017 6:35pm Sep 28, 2017 6:35pm
Quoting bapakjason
the idea of "scaling in" can be done effectively if the strategy is very well tbought out. Brian watt does it day after day and posts all his trades in real time on twitter. Watch and see . . . : )

called compounding wrong trades to an average point = scaling
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #47
  • Sep 29, 2017 12:38am Sep 29, 2017 12:38am
Quoting Samer1970
{quote} called compounding wrong trades to an average point = scaling
Hey Samer1970,

I was thinking to add the fibonacci sequence instead of the Martingale and also at a certain point of DD hedge to avoid DD.

Does the EA also TP every level and re-enter the pending trade?
  • #48
  • Sep 29, 2017 2:47am Sep 29, 2017 2:47am
I am currently testing (a couple of days) with several pairs and have an average DD of -90 pips. But since I keep taking profit at each level I am not in minus! I actually have profit.
  • #49
  • Sep 29, 2017 3:13am Sep 29, 2017 3:13am
Quoting bmcgowra
{quote} TP is always at the next level. So say you are at -105 pips (level6) and you tp level 6 three times (+40pips) you have +15 pips profit and can close all open positions. {image}
interesting idea, but is there a wrong in your calculation?
with no stop loss and assume all 1 lot for simple calculation, at level 6, you would amassed drawdown of:
level 1 will be floating at -105 pips
level 2 will be floating at -100 pips
level 3 will be floating at -90 pips
level 4 will be floating at -80 pips
level 5 will be floating at -60 pips
level 6 will be floating at -40 pips
So if your level 6 bounce back 3x +40 pips = 120pips recovered but u still have the rest accumulated floating at -475pips at level 6 which gives you a loss of -355 pips after the 3x 40 pips gain from level 6 TP.
  • #50
  • Sep 29, 2017 3:13am Sep 29, 2017 3:13am
Quoting bmcgowra
{quote} Hey Samer1970, I was thinking to add the fibonacci sequence instead of the Martingale and also at a certain point of DD hedge to avoid DD. Does the EA also TP every level and re-enter the pending trade?
hi

no it will not
assume you set the value to 105

it will only close all trades when equity/balance >= 105 %
for example

you made only trades on one pair one direction only

once the equity = baalnce x 105/100
then ea will close allll trades in your account.... with or without profit
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #51
  • Sep 29, 2017 3:16am Sep 29, 2017 3:16am
Quoting hewtwok
{quote} interesting idea, but is there a wrong in your calculation? with no stop loss and assume all 1 lot for simple calculation, at level 6, you would amassed drawdown of: level 1 will be floating at -105 pips level 2 will be floating at -100 pips level 3 will be floating at -90 pips level 4 will be floating at -80 pips level 5 will be floating at -60 pips level 6 will be floating at -40 pips So if your level 6 bounce back 3x +40 pips = 120pips recovered but u still have the rest accumulated floating at -475pips at level 6 which gives you a loss...
yes true

he is happy that the balance is increasing and the equity might increase or might not depends if he is opening in the 2 directions trades but the floating might strongly increase if the market goes against him and if only one direction and he has good balance then he might survive
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #52
  • Sep 29, 2017 3:17am Sep 29, 2017 3:17am
Quoting hewtwok
{quote} interesting idea, but is there a wrong in your calculation? with no stop loss and assume all 1 lot for simple calculation, at level 6, you would amassed drawdown of: level 1 will be floating at -105 pips level 2 will be floating at -100 pips level 3 will be floating at -90 pips level 4 will be floating at -80 pips level 5 will be floating at -60 pips level 6 will be floating at -40 pips So if your level 6 bounce back 3x +40 pips = 120pips recovered but u still have the rest accumulated floating at -475pips at level 6 which gives you a loss...
Hey you are absolutely right! How embarrassing.. :-) I did that calculation very quick.. Thanks! Thats why I send it here. To figure it out actually.. As I said it is for me an untested strategy..
  • #53
  • Sep 29, 2017 3:25am Sep 29, 2017 3:25am
am actually doing this for Gold/usd (xauusd). i have to say it works but you must be very sure of the trend
  • #54
  • Sep 29, 2017 3:28am Sep 29, 2017 3:28am
Quoting Samer1970
{quote} yes true he is happy that the balance is increasing and the equity might increase or might not depends if he is opening in the 2 directions trades but the floating might strongly increase if the market goes against him and if only one direction and he has good balance then he might survive
hi samer

good to see you still around. how are you? working on any new strategy?
  • #55
  • Sep 29, 2017 4:16am Sep 29, 2017 4:16am
Quoting hewtwok
{quote} hi samer good to see you still around. how are you? working on any new strategy?
hi
still in recovery stage in hospital, but i use laptop some times
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #56
  • Sep 29, 2017 4:30am Sep 29, 2017 4:30am
I currently trade 6 pairs. Started 3 days ago. All are in DD. But I have 400 pips profit overall.. :-) Creating a basket could help in avoiding big losses..

Would be great to have an ea for this strategy. Could test it long term..
  • #57
  • Sep 29, 2017 5:59am Sep 29, 2017 5:59am
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, due to drawdown. (Balls of steal as well) Open the 1 hour chart and look if the past 2 days where bullish or bearish. If Bullish buy and if bearish sell. Suppose it has been bullish. Buy 0,1 lot and tp after 3 pips. Add pending buylimit orders after 5pips drawdown (tp 5 pips), then 10 pips drawdown (tp 10 pips), then 10 pips (tp 10 pips) and then after 20 pips drawdown (tp 20 pips). Continue adding buy limit orders every 20...
If you started this system with $20,000. Assuming you made a profit $8500 while scaling in . Your balance would be around $28,500. If the system went against you for 1000 pips then your account would still be margin called at 1000 pips negative. You can get margin called even before 1000 pips if commissions are charged or swap is negative.
Attached here is a GU Weekly chart. This chart shows that if you are unlucky then the trade can go for a few thousand pips against you.

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When the going gets tough , the tough get going
  • #58
  • Sep 29, 2017 6:09am Sep 29, 2017 6:09am
Quoting bmcgowra
I currently trade 6 pairs. Started 3 days ago. All are in DD. But I have 400 pips profit overall.. :-) Creating a basket could help in avoiding big losses.. Would be great to have an ea for this strategy. Could test it long term..

the wrong you are doing that you are making the buy from the begining

no you need to wait till you hit level 4 or 3 then begin making the buy or the sell

see the example in foto for how to buy in this strategy to MINIMIZE THE DD.............SAME PRINCIPLE BUT DIFFERENT ENTRY POINTS

there is contour lines map and there is reverse of contour lines map as in geography classes found in elementary school books.

however, i have the reversal contour ea - i coded it since long time back, i need just to update it to fit mt4 1021 build ups.

it s opposite what of you are trading, i will make it easier for you, if for any reason you make hedge trade in one pair, then you will begin loose as any one profit will not increase any one loss in the equity bcz of this you should maintain huge account balance and do not ever never make one any single trade in opposite direction of your setup for that pair.

nodging in one pair will stop your profits unless you have really big account..


here is an setup for the levels you will take profit on them

open ma

any ma you like

ma period > 500

add levels of 100 /200 /300 /..... and -100/-200/-300/....

then you will have this strategy ready for trading better

the wrong you are doing that you are making the buy from the begining

no you need to wait till you hit level 4 or 3 then begin making the buy


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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #59
  • Sep 29, 2017 6:15am Sep 29, 2017 6:15am
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #60
  • Sep 29, 2017 6:21am Sep 29, 2017 6:21am
HERE WITH THE CONTOUR EA....

TRADING WITH THE TREND

TIME FRAME BEST IS M1
USE THIS EA ON YOUR RESPONSIBILITY AND OWN RISK

IT IS A VERY GOOD EA

MAKE 2 MAS AND MAKE THE CONTOUR LINES FOR THE BIG ONE IN YOUR CHART

THIS EA IS TRADING IN THE OPPOSITE OF THIS THREAD POSTS
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Attached File(s)
File Type: ex4 contour lines samer ea rev 3.ex4   24 KB | 631 downloads
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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