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Daytrading/scalping with high leverage - my proven strategy

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  • #401
  • Mar 17, 2013 11:26am Mar 17, 2013 11:26am
also, why demo for a proven 98% win rate?
tradewith60
  • #402
  • Mar 17, 2013 11:56am Mar 17, 2013 11:56am
Quoting 60minuteman
also, why demo for a proven 98% win rate?
Cause the system is still young so it needs to be tested on demo before it will be tested on a real account.
My name is Martin... Martin Gale
  • #403
  • Mar 17, 2013 12:00pm Mar 17, 2013 12:00pm
Quoting condor666
Cause the system is still young so it needs to be tested on demo before it will be tested on a real account.
so its not 'proven' then
tradewith60
  • #404
  • Mar 17, 2013 12:02pm Mar 17, 2013 12:02pm
Quoting 60minuteman
so its not 'proven' then
Let's say it's in 'proving process'
My name is Martin... Martin Gale
  • #405
  • Mar 17, 2013 12:19pm Mar 17, 2013 12:19pm
whats proven here.. its a classic guru/sheep thread...

one new guru... 4-10 defending sheeps..lol and thats a fact

make an ea of that guys/shheps
a thread like this is always very entertaning... so thanks condor 66 and favorite .. your the stars
StopLoss is for none belivers... Trust the Gurus..
  • #406
  • Mar 17, 2013 12:32pm Mar 17, 2013 12:32pm
Quoting 60minuteman
1. you're basing his win rate on 4 days trading?

and 2, you're showing a lack of real experience, risk/reward and win rate is only relevant when you also include % of account risked, then you can calculate the chance of you wiping your account, so there is a big difference..

Newbies need to be warned before they follow people like this that only 1 side of the argument is being displayed, the upside!
He's trading for a living, I don't think he based his system in 4 days. I'm trustful in people

And second, it was just a simple example, don't take it blindly. The truth is that we would never know the exact % of Win Rate, so we would never know the exact % of account we should risk in order to maximize the profits. Personally i would never risk 100% of the account (I risk max 1-2%). But also if you risk 30-50%, I think nobody should tell that you are wrong, because you don't know what will be the exact % of Win Rate. With 2 trades per day, with total 5 pips of TP, I think that the Win Rate % is very very high, so for this reason these guys are trying to maximize profits

3) Newbies will learn themself how to operate correctly. All of them will fail, but also a few of them won't give up after failing. It's the natural process of a trader. Also, as newbies they should never search for a strategy right now.
  • #407
  • Mar 17, 2013 12:43pm Mar 17, 2013 12:43pm
please people ignore the scepticals, otherwise this thread will be 1000 pages long with just BS. Lets ignore them and instead focus ON this strategy.

Best regards
  • #408
  • Mar 17, 2013 12:48pm Mar 17, 2013 12:48pm
Quoting jgadefelth
please people ignore the scepticals, otherwise this thread will be 1000 pages long with just BS. Lets ignore them and instead focus ON this strategy.

Best regards
yes the scepticals.. dont understand the beaty in this strategy..it is almost impossibel to lose with a 100 SL
and a hit rate on almost 100 %...as another great trader said once..price will always come back
StopLoss is for none belivers... Trust the Gurus..
  • #409
  • Mar 17, 2013 1:07pm Mar 17, 2013 1:07pm
Newbies need to be warned? If they jump on everything they read on some website they deserve to blow their account. At least with this method they can start with $100. It'll be a good learning experience. $100 well spent.
Quoting 60minuteman
1. you're basing his win rate on 4 days trading?

and 2, you're showing a lack of real experience, risk/reward and win rate is only relevant when you also include % of account risked, then you can calculate the chance of you wiping your account, so there is a big difference..

Newbies need to be warned before they follow people like this that only 1 side of the argument is being displayed, the upside!
  • #410
  • Mar 17, 2013 1:25pm Mar 17, 2013 1:25pm
Quoting lillelise
yes the scepticals.. dont understand the beaty in this strategy..it is almost impossibel to lose with a 100 SL
and a hit rate on almost 100 %...as another great trader said once..price will always come back
What pairs do you trade? Once I had more 100 pips a day and three day 540 pips
Yeah Price will always com back.. maybe in a second, next month or next year
  • #411
  • Mar 17, 2013 1:46pm Mar 17, 2013 1:46pm
Quoting srt
Newbies need to be warned? If they jump on everything they read on some website they deserve to blow their account. At least with this method they can start with $100. It'll be a good learning experience. $100 well spent.
you can start any method with $100... how does this make it a good learning method?.... other than what not to do???
tradewith60
  • #412
  • Edited 2:09pm Mar 17, 2013 1:59pm | Edited 2:09pm
DNA, I understand that you're a nice guy, but if you want this thread to survive, that's the time when you must start banning the trolls from your thread. I also suggest sending the "cleanup" reports to the moderators.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #413
  • Mar 17, 2013 3:19pm Mar 17, 2013 3:19pm
So DNA....will Pepperstone close your trade at your original take profit level or are you about to have an extremely large profit
  • #414
  • Mar 17, 2013 3:23pm Mar 17, 2013 3:23pm
Quoting lastingwell
So DNA....will Pepperstone close your trade at your original take profit level or are you about to have an extremely large profit
i think extremely large "wood" profit!!!!
  • #415
  • Mar 17, 2013 3:24pm Mar 17, 2013 3:24pm
Quoting dnabrasil
i think extremely large "wood" profit!!!!
  • #416
  • Edited 4:22pm Mar 17, 2013 4:00pm | Edited 4:22pm
I don't care about the fight some people have over this thread. I'd like to just warn all the noobs about the consequences of trading such a risk:reward ratio on lowest timeframes in the long run. Sooner or later it will wipe out your account. What is the purpose of trend following in this subject when you close out after 3,3 pips? This is dangerous because of the short term illusion of being in control this method will give you before inevitably pushing you off the egde into disaster. You could as well go with a martingale for short term sure-shots. And both will leave your account destroyed and your trading mindset ravished in the long run. This thread promotes money mangement as more important than the method. Hell, this is one of the worst MM I recently came accross. My humble advice: 1hr timeframe and higher, multitimeframe, follow the trend, decent R:R ratio in place (AT LEAST 3, preferably much more!), buy high - sell low method AND read "Trading in the Zone" by Mark Douglas. And stay away from dodgy tactics... Many pips. JK.

P.S> I will NOT get into discussing the above and certainly NOT into another dumb FF fight with someone over this. I do not have my ego involved in this, the above is only my personal view - everybody has a right to one's own. Period.
  • #417
  • Mar 17, 2013 4:03pm Mar 17, 2013 4:03pm
Quoting dnabrasil
i think extremely large "wood" profit!!!!
eheh

look here:

http://gyazo.com/6267c5a5baeb937dd4d6a8dc9b36e94d.png

as i said large "wood" profit!!!
  • #418
  • Mar 17, 2013 4:16pm Mar 17, 2013 4:16pm
Quoting dnabrasil
eheh

look here:

http://gyazo.com/6267c5a5baeb937dd4d6a8dc9b36e94d.png

as i said large "wood" profit!!!
Congratulations, DNA!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #419
  • Edited 4:35pm Mar 17, 2013 4:18pm | Edited 4:35pm
Quoting Jkdt
I'd like to just warn all the noobs about the consequences
Thirty people already did it before you. Can you read? Why don't you mind your own business?

And by your own business I mean this:

Quoting Jkdt
Yep, Dance/Choros is truly great and because you ppl are willing to help others, it makes a whole difference. I have quit my day job just to practice Choros, so my life sorta depends on it as well. I am still not profitable, but as long as I got my savings to pay the bills (and for the costly lessons taught by the martket...) I am not letting go
Gentlemen always play by the rules. If they can't, they change the rules.
  • #420
  • Mar 17, 2013 4:21pm Mar 17, 2013 4:21pm
Quoting dnabrasil
eheh

look here:

http://gyazo.com/6267c5a5baeb937dd4d6a8dc9b36e94d.png

as i said large "wood" profit!!!
Wow! You earn both the sell position in hundred pips at just the market opened. You have the lucky day.

May i know what is your exit rule for those losing pips (Not the 100 pips losing)?
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