How to create many successful trades in a row | Forex Factory

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How to create many successful trades in a row

  • #1
  • First Post: Edited Apr 15, 2018 11:48pm Apr 12, 2018 3:50am | Edited Apr 15, 2018 11:48pm
I am starting this thread in order to discuss

This can be done as follows.

You enter a buy in one account and a sell in an other account at the same time with the same size stop and target – one of them will be successful.

If you want to guarantee that your next 2 trades in a row are successful you enter 2 buys and 2 sells in 4 accounts. One of the 2 buys or the 2 sells will be successful. You then take the successful trades and do the same as above.
  • #2
  • Apr 12, 2018 3:58am Apr 12, 2018 3:58am
That sounds all well and good- BUT you end up with NO PROFIT (The 1 x wipes the other out)
Think probably the only way to do that is- watch the trade and once a pattern is realised ( Up or Down)
and cancel the losing trade and HOPE the good trade keeps on progressing the chosen way.
I have tried several times ( on Demo) but only with limited success .
You need to spend a lot of time watching the trades
BUT perhaps i have not persevered enough !
  • #3
  • Apr 12, 2018 4:00am Apr 12, 2018 4:00am
This can be done in one trading account.

The skill required is to make sure you make the maximum from your winners and that they are bigger than the amount you are risking.
You then add you losses up and the amount of your winners and you should have a profit.

You can start with 64 accounts and risk $ 3 426 in each. The loses would be $ 3 426 x 63 = $215 838 but the winners would make up for loses for a of $ 1 002 279. A net gain of $ 786 441.
  • #4
  • Apr 12, 2018 4:02am Apr 12, 2018 4:02am
Attached Image
  • #5
  • Apr 12, 2018 4:06am Apr 12, 2018 4:06am
$1,005,705.59 - $3426 = $1,002,279.59

$1,002,279 - $215,838 = $786,441

Trading in excess of 200 lots is highly unlikely
  • #6
  • Apr 12, 2018 4:15am Apr 12, 2018 4:15am
The secret is to produce returns higher than is risked.
Attached Image
  • #7
  • Apr 12, 2018 4:20am Apr 12, 2018 4:20am
Forex account traded to over $1 million in 8 days
Attached Image (click to enlarge)
Click to Enlarge Name: Broker Account.jpg Size: 116 KB
  • #8
  • Apr 12, 2018 4:25am Apr 12, 2018 4:25am
A high-risk approach imho. You can do very well with a simple, less risky system traded with discipline and patience.

KP
Do your homework, follow the footprints of smart money
  • #9
  • Apr 12, 2018 4:32am Apr 12, 2018 4:32am
There are 3 ways to ensure the highest % gain.

Broker account selection
You want every single dollar in your account to be used to generate gains. So you want to select a broker that provides a bonus, low and fixed spreads and very high gearing.


Topping up successful deals.
You want to squeeze the most out of every successful trade and this can be done by adding to your lots on a risk free basis as the trade progresses.


Starting with the maximum possible lots for every transaction
You can find this by trial and error. This means that you need to find the point where you broker gives you an error message that say “Not enough funds in your account for the transaction”.
Alternatively, the more professional way would be to calculate that point as will be discussed later.
  • #10
  • Apr 12, 2018 4:34am Apr 12, 2018 4:34am
Quoting petemech
That sounds all well and good- BUT you end up with NO PROFIT (The 1 x wipes the other out) Think probably the only way to do that is- watch the trade and once a pattern is realised ( Up or Down) and cancel the losing trade and HOPE the good trade keeps on progressing the chosen way. I have tried several times ( on Demo) but only with limited success . You need to spend a lot of time watching the trades BUT perhaps i have not persevered enough !
You may be missing the point.
  • #11
  • Apr 12, 2018 4:34am Apr 12, 2018 4:34am
Quoting tass
Forex account traded to over $1 million in 8 days {image}
What broker would allow you to trade 1000 lots in real account?
F_ck your analysis, I know exactly where the market will go. To the right.
  • #12
  • Apr 12, 2018 4:35am Apr 12, 2018 4:35am
Quoting KeenPips
A high-risk approach imho. You can do very well with a simple, less risky system traded with discipline and patience. KP
You may be missing the point.
  • #13
  • Apr 12, 2018 4:35am Apr 12, 2018 4:35am
Quoting Taxi Driver
{quote} What broker would allow you to trade 1000 lots in real account?
Did you read post 5.
  • #14
  • Apr 12, 2018 4:39am Apr 12, 2018 4:39am
If you have an account of $ 1 000 and you were considering a trade which had a 40 pip stop and each pip was worth $1 – What is the maximum number of lots you could use, ignoring the need to finance margin and spreads.
  • #15
  • Apr 12, 2018 4:43am Apr 12, 2018 4:43am
Quoting tass
If you have an account of $ 1 000 and you were considering a trade which had a 40 pip stop and each pip was worth $1 – What is the maximum number of lots you could use, ignoring the need to finance margin and spreads.
Answer $1,000/40 pip stop = 25 mini lots
  • #16
  • Apr 12, 2018 5:05am Apr 12, 2018 5:05am
Tass,
I see where you are trying to get to-BUT
It would be so time consuming and risky
Really needs a trading system made up to automate it
(Not Robot) and then try it
  • #17
  • Apr 13, 2018 7:08am Apr 13, 2018 7:08am
Quoting tass
This can be done in one trading account. The skill required is to make sure you make the maximum from your winners and that they are bigger than the amount you are risking. You then add you losses up and the amount of your winners and you should have a profit. You can start with 64 accounts and risk $ 3 426 in each. The loses would be $ 3 426 x 63 = $215 838 but the winners would make up for loses for a of $ 1 002 279. A net gain of $ 786 441.
What happens when the market moves north, taking out your sell SL, but not far enough to reach your buy target, then reverses, taking out your buy SL but not far enough to reach your sell target.
Come with me if you want to live....
  • #18
  • Apr 13, 2018 2:17pm Apr 13, 2018 2:17pm
The purpose of this thread is not to trade $3000 to $1million because that's highly unlikely has no broker that I am aware of allows more than 200 lots to be traded for a retail trader.
The purpose is the principles behind it and how it may be possible by starting small and trading to a manageable size and repeating it over and over again.

Why not trade $3429 to $9070 as per above and just keep repeating it over and over again on say 4 pairs.
  • #19
  • Apr 13, 2018 2:29pm Apr 13, 2018 2:29pm
Quoting Ill-b-back
{quote} What happens when the market moves north, taking out your sell SL, but not far enough to reach your buy target, then reverses, taking out your buy SL but not far enough to reach your sell target.
An unconventional trading approach is used. Think outside the box.
  • #20
  • Apr 13, 2018 2:38pm Apr 13, 2018 2:38pm
If you have an account of $ 1 000 and you were considering a trade of 2.5 lots which has a 60 pip target and a 40 pip stop, what size following stop would you use to ensure you break even at worst, no matter what happens, given that you plan to add 1.0 lot when the transaction goes 40 pips positive?

The profit at the top level would be $1000. (40 pips x 2.5 lots = $1000). Assuming $10 per pip. We then add another 1.0 lot which brings us to 3.5 lots. So $1000 would be used up by 3.5 lots for a break even.

So the stop has to be $1000/3.5 =28.5 pips to break even.
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