Break on 240 min. chart

We have on 240 min chart new lower fractal 1.3450. The price touched alligator's red average line. So we placed new pending order: EUR/USD sellstop 1.3447, stop 1.3487, limit 1.3387 (size 5.6 lots)

We have open position: 1.3628, stop 1.3588, limit 1.3728 (size 5.6 lots)

Update: we got stop-loss at 1.3588, so value in pending order EUR/USD sellstop 1.3447, stop 1.3487, limit 1.3387 was increased to 8 lots.

We changed pending order EUR/USD sellstop 1.3447, stop 1.3487, limit 1.3387 (8 lots) to order EUR/USD sellstop 1.3547, stop 1.3587, limit 1.3487 (8 lots)

Update: this position was opened, and stop-loss was moved to break-even area 1.3547.

Update: we got stop-loss in break-even area 1.3547 and placed new pending order buystop 1.3685, stop 1.3645, limit 1.3785 (8 lots)

Update: We modified buystop order to 1.3657, stop 1.3617, limit 1.3757 (8 lots)

We have open position sell 1.3457, stop 1.3497, limit 1.3357

Update: We got stop-loss at 1.3497, value in pending order buystop 1.3657 was increased to 11.2 lots.

We placed new pending order sellstop 1.3430, stop 1.3470, limit 1.3330 (value 11.2 lots)

We got stop at 1.3617, value in pending order sellstop 1.3430 was increased to 16.8 lots

We canceled pending order sellstop 1.3430

We had open position sell 1.3548 and got stop at 1.3588, value in pending order buystop 1.3738 was increased to 23 lots

Ok, so I understand the overall trend strategy and I like it but your MM concept seems to be doomed to failure. So far, i have seen you go from 2, 2.8,4,5.6,8,12,16,23 lots. Assuming that you win the trade at 23 lots that would imply that you lost all the other trades for a total of 47.6 lots. I realize that the 47.6 loss was at a SL of 40 or breakeven and that hopefully the 23 lots was at 100 pips but still.

Why not do the opposite.... As this is a trend system add on to your position with your factor of 1.4. When you are 100 pip in profit then add a new position and have all SL set to the same value which is 40 pips from the new position.

So Px1 of 2 lots is 100 pips in profit. Add a new position (Px2)of 2.8 lots and set SL to 40 pips. If SL is hit then you have (2 lots x 60) + (2.8 lots x -40) for a total of 8 pips. It is a breakeven trade.

So Px1 of 2 lots is 100 pips in profit. Add a new position (Px2) of 2.8 lots and set SL to 40 pips. Trade goes again 100 pips. You put on new position (Px3) of 4 lots. So you have (2 lots x 160) + (2.8 lots x60) + (4 lots x -40) for a total of 328 pips.

This way you are leveraging volume of new positions but you are protected to the downside. Your winners are running and your losers are being cut short.

I won't get into the whole martingale vs anti-martingale concept but it would be very tough to let you manage an account of mine where you are "doubling down on your losers."

If I have misunderstood something then please explain.

Positions volume approached to as much as possible admissible level, and further there is no possibility to increase volume without serious risk for the account. It means that we reach a limit of tunability of volume.

At the same time, thanks to management of the capital, Maximal Drawdown at present not exceed (3.94 %) on ibfx's account and (10%) on accounts operated on our Trading System. (ibfxMT login: 2566429, inv pas: u4bcqcz)

We cannot know, how much time the market will continue test of our system for durability. Probably, already the nearest input becomes profitable, but is possible, the market has prepared for us 3-4 more losses. To try to prove something to the market - extremely a dangerous occupation.

We decided to fix losses for a current series, to lower volume and to begin a new series. Volume of orders from the beginning of week - a starting 200K.

Good Day, flyer415. Thanks for question

In the majority of cases we stop increasing value at 23 lots or 230 lots in ibfxMT (on 100 000 usd accounts). If serial of losses continues, we take stop at grade 10-15% of capital and start with first value.

We placed new pending orders:
EUR/USD: buystop 1.3707, stop 1.3667, limit 1.3808 (value 400K)
sellstop 1.3527, stop 1.3567, limit 1.3427 (value 400K)

We have open position EUR/USD sell 1.3602, stop 1.3642, limit 1.3502 (value 400K)

Update: Stop-loss sell order EUR/USD had been rearranged to break even, limit had moved to 1.3450

Update: We got stop in break-even area.

We modified orders to:

Buystop 1.3682, stop 1.3642, limit 1.3782 (value 400K)

Sellstop 1.3541, stop 1.3581, limit 1.3441 (value 400K)

Update: we had open position buy 1.3682, stop 1.3642, limit 1.3782 (value 400K) and got stop at 1.3642

Value in pending order sell 1.3541, stop 1.3581, limit 1.3441 was increased to 560K

We have new working fractal at 1.3797. We placed order buystop 1.3799, stop 1.3759, limit 1.3899 (value 1/2 = 280K)

We still have open position sell EUR/USD 1.3583, stop 1.3503, limit 1.3153. (value 400K)

We'll wait for formation of a new bottom fractal. Depending on, whether will pass a course this level we will make the decision on transaction closing. After closing of the transaction we will publish information on important changes in our system's risk management.

We closed our position sell EUR/USD 1.3583 at 1.3503, and placed new order sellstop 1.3264, stop 1.3304, limit 1.3164 (value 100K)

We have new open position EUR/USD buy 1.3509, stop 1.3469, limit 1.3609

Update: we got stop, next value for buy-orders = 70K (Proboy_H4_A only), for sell-orders 140K (Proboy_H4_A + Proboy_H4_B)

We have new open position EUR/USD sell 1.3471 stop 1.3511 profit 1.3371 and new pending order buy stop 1.3541 stop 1.3501 profit 1.3641

Hi Guys,

How is the trading going? Is the system still working?