in your account looks like you are the typical martingale trader: buy again and again until you are in win or your account is total down. good look with this in real account, in demo account you are save. why you take a look at trump news when you do buying again and again with higher amount in minus, to make a hard stop? but then better look at any news, but dont look like you do, you hold and buy again after news even.
the question is not will you bust your account, only when. its just standard martingale with same result like standard martingale.
in your account looks like you are the typical martingale trader: buy again and again until you are in win or your account is total down. good look with this in real account, in demo account you are save. why you take a look at trump news when you do buying again and again with higher amount in minus, to make a hard stop? but then better look at any news, but dont look like you do, you hold and buy again after news even. the question is not will you bust your account, only when. its just standard martingale with same result like standard martingale....
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I am glad you did soo much research on my account I like smart people, my account uses martingale when trade goes in red, but here the key is the money management and lot size and account over all DD, as far as Trump is concern his tweet brings great volatility which is good for another manual account trading.
in your account looks like you are the typical martingale trader: buy again and again until you are in win or your account is total down. good look with this in real account, in demo account you are save. why you take a look at trump news when you do buying again and again with higher amount in minus, to make a hard stop? but then better look at any news, but dont look like you do, you hold and buy again after news even. the question is not will you bust your account, only when. its just standard martingale with same result like standard martingale....
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I had another demo on MT4 which ran almost 3 years with same settings, never had any chance to blow up, but since my VPS has no place I stopped that and started this new MT5 account.
{quote} I had another demo on MT4 which ran almost 3 years with same settings, never had any chance to blow up, but since my VPS has no place I stopped that and started this new MT5 account.
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never had a chance is hard to say, alone your nzdusd trade can blow your account, because you will increase lots more and more and more and more trades. so will be in 2 times this move you will lose full account already. i would not bet a lot of money on this in real account, gambling is very risky. trading is much more save.
{quote} never had a chance is hard to say, alone your nzdusd trade can blow your account, because you will increase lots more and more and more and more trades. so will be in 2 times this move you will lose full account already. i would not bet a lot of money on this in real account, gambling is very risky. trading is much more save.
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market moves in cycle and NZDUSD is slow mover, you will see how it will turn around, and yes trading is risky only put money which we can afford to lose, since money is already doubled I am already plus.
{quote} market moves in cycle and NZDUSD is slow mover, you will see how it will turn around, and yes trading is risky only put money which we can afford to lose, since money is already doubled I am already plus.
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thats the problem, in martingale trading doubling, tripling, 10 times... all unimportant. it is full time account blow risk every day with martingale strategy. pure math.
trading is not risky, only the gambling part. so better switch to trading, and avoid the gambling part, so much much less risk for much higher wins.
{quote} thats the problem, in martingale trading doubling, tripling, 10 times... all unimportant. it is full time account blow risk every day with martingale strategy. pure math. trading is not risky, only the gambling part. so better switch to trading, and avoid the gambling part, so much much less risk for much higher wins.
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As I said money management is the key here that's why a particular lot size is used, do you have any profitable strategy kindly share we all can benefit from it? I like to learn more and more
{quote} As I said money management is the key here that's why a particular lot size is used, do you have any profitable strategy kindly share we all can benefit from it? I like to learn more and more
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unfortunately money management will never help improving anything without an edge, money management is never the key of something. it can help improve good strategies, but will not help for bad. and guess 2 times what is martingale, a good or bad strategy ?
so money management is good and part of a trading plan (small part), but nothing more.
{quote} unfortunately money management will never help improving anything without an edge, money management is never the key of something. it can help improve good strategies, but will not help for bad. and guess 2 times what is martingale, a good or bad strategy ? so money management is good and part of a trading plan (small part), but nothing more.
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putting 100k and trading 0.1 lot do you think my account will blow?
BTW when you say EDGE can you please explain more about it?
{quote} putting 100k and trading 0.1 lot do you think my account will blow? BTW when you say EDGE can you please explain more about it?
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in martingale you dont trade 0,1 lot, you do more and more trades with more and more amount, and you trade many currencies same time.
and when you do it to small, then with any trading you would earn much more with less drawdown then with this. even with search a job and work full time would then make more win with 0 risk. opportunity costs are most expensive costs.
{quote} in martingale you dont trade 0,1 lot, you do more and more trades with more and more amount, and you trade many currencies same time. and when you do it to small, then with any trading you would earn much more with less drawdown then with this. even with search a job and work full time would then make more win with 0 risk. opportunity costs are most expensive costs.
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so basically you suggesting open a trade with SL and fix TP? and let the market decide where it wants to go and let the SL or TP hit? thanx for reply
{quote} so basically you suggesting open a trade with SL and fix TP? and let the market decide where it wants to go and let the SL or TP hit? thanx for reply
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no! open a trade according to your trading plan, designed because you know after 1000 trades you will have a win, because you combined your edges to a strategy.
avoid anything outside your trading plans , so what you do not know or discovered good enough and thatswhy have no plan for!
{quote} no! open a trade according to your trading plan, designed because you know after 1000 trades you will have a win, because you combined your edges to a strategy. avoid anything outside your trading plans , so what you do not know or discovered good enough and thatswhy have no plan for!
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Sir you telling me what dont work fine, but I am looking to know what really works? yes martingle might not work for many, it is working for me if the MM is followed, so can you tell me what really works for you?
{quote} Sir you telling me what dont work fine, but I am looking to know what really works? yes martingle might not work for many, it is working for me if the MM is followed, so can you tell me what really works for you?
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anything worked for me (without useless math negative edge methods like martingale and other methods with negative values by math or costs), but most of time i do daytrading.
{quote} anything worked for me (without useless math negative edge methods like martingale and other methods with negative values by math or costs), but most of time i do daytrading.
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okay so you day trading so I guess you are a scalper and close your trade before the day ends, what else is the EDGE you think works?
{quote} okay so you day trading so I guess you are a scalper and close your trade before the day ends, what else is the EDGE you think works?
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you ask what works for me, but you are you. find what works for you! near anything works what dont has math negative edge.
learn it, use it.... screentime and learn basic for find edge, combine to strategies, write full many pages trading plan (there is anything included what can happen!)... and then stop thinking because its done already, and just follow plan and trade.
{quote} you ask what works for me, but you are you. find what works for you! near anything works what dont has math negative edge. learn it, use it.... screentime and learn basic for find edge, combine to strategies, write full many pages trading plan (there is anything included what can happen!)... and then stop thinking because its done already, and just follow plan and trade.
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Thanx for your time but this doesn't really helps any one to become a good trader and be profitable.
