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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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This Trade Explorer is no longer publicly available.
  • #421
  • Mar 17, 2013 4:30pm Mar 17, 2013 4:30pm
Quoting Favorite
60minuteman, I took a look at YOUR Trade Explorer. Surprise-surprise! With 12 thousand pounds you trade 10 lots,
Microlots
  • #422
  • Mar 17, 2013 4:37pm Mar 17, 2013 4:37pm
Quoting ~bull.bear~
May i know what is your exit rule for those losing pips (Not the 100 pips losing)?
i didn't understand ur question
  • #423
  • Mar 17, 2013 4:52pm Mar 17, 2013 4:52pm
Quoting dnabrasil
i didn't understand ur question

I have checked your trade list. There are 4 losing positions, and 3 of the positions are closed in less than 100 pips. As you have mentioned before, you put 100 pips as SL. So may i know how you exit the 3 positions? You are supposed to exit the position either in profit or 100 pips SL right?

Can you clarify this?
  • #424
  • Mar 17, 2013 4:54pm Mar 17, 2013 4:54pm
Quoting ~bull.bear~
I have checked your trade list. There are 4 losing positions, and 3 of the positions are closed in less than 100 pips. As you have mentioned before, you put 100 pips as SL. So may i know how you exit the 3 positions? You are supposed to exit the position either in profit or 100 pips SL right?
simply, i've made enough gain, so closed something negative,
it's not a problem lose some dollars, if you gained a lot..

my strategy is managing money, not showing i'm always correct!
  • #425
  • Edited 5:12pm Mar 17, 2013 4:58pm | Edited 5:12pm
Quoting dnabrasil
simply, i've made enough gain, so closed something negative,
it's not a problem lose some dollars, if you gained a lot..

my strategy is managing money, not showing i'm always correct!
Em... understand now. Do you have target/amount to be earned for each day because you trade only 2 times per day?

edit: sorry for asking this question, I just want to know how you could turn a losing position into better case, meaning to say if you don't close it, you might suffer 100 pips SL, since you said you have enough green pips for the day.
  • #426
  • Mar 17, 2013 5:10pm Mar 17, 2013 5:10pm
i trade when i see an opportunity
  • #427
  • Mar 17, 2013 5:13pm Mar 17, 2013 5:13pm
Must suck it isn't your real account right now.
  • #428
  • Mar 17, 2013 5:19pm Mar 17, 2013 5:19pm
Quoting hutrader
Must suck it isn't your real account right now.
Somehow I have a feeling that DNA's real account's gain is even more impressive!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #429
  • Mar 17, 2013 5:20pm Mar 17, 2013 5:20pm
Quoting hutrader
Must suck it isn't your real account right now.
oh no damn...

i was thinking it was real......

  • #430
  • Mar 17, 2013 5:21pm Mar 17, 2013 5:21pm
Quoting Favorite
Somehow I have a feeling that DNA's real account's gain is even more impressive!
  • #431
  • Mar 17, 2013 5:23pm Mar 17, 2013 5:23pm
Quoting Favorite
Somehow I have a feeling that DNA's real account's gain is even more impressive!
Yes. I can imagine that. He earn his target then he stop it. This is absolutely good to avoid over trading, and might get worst result if letting losing position run.
  • #432
  • Mar 17, 2013 5:28pm Mar 17, 2013 5:28pm
Very nice DNA! We're both wishing this was a real $1000 account about now :-)
It shows the possibilities of a small account though you wouldn't want to hold positions over the weekend with a small account. Imagine the margin call if it went against your position. Better to start over every monday & stick to the max. losss of 100% of the account.
I've been watching & thinking about running a demo with a SL-50 & TP-8. Seems most trades wouldn't get stopped & that way a loss will only remove 50% of the account. Just thinking about different ways to modify your method with the highest probability of success.
Thanks DNA, George & all for the advice & comments.
  • #433
  • Mar 17, 2013 5:32pm Mar 17, 2013 5:32pm
Quoting srt
Just thinking about different ways to modify your method with the highest probability of success.
could i suggest you to take smaller TP?

many times, waiting for a 8 pips TP, you can do 3 trades with 3 or 4 pips TP,
and a smaller TP is possible to hit within few minutes
  • #434
  • Mar 17, 2013 5:45pm Mar 17, 2013 5:45pm
Thanks for the advice. You're probably right. Going for 8 is too much of a move where 3 pips could get hit just with "noise".
Quoting dnabrasil
could i suggest you to take smaller TP?

many times, waiting for a 8 pips TP, you can do 3 trades with 3 or 4 pips TP,
and a smaller TP is possible to hit within few minutes
  • #435
  • Mar 17, 2013 5:53pm Mar 17, 2013 5:53pm
Quoting pauljred
Microlots
its a spread betting account, its £10, just how it is done
tradewith60
  • #436
  • Mar 17, 2013 5:56pm Mar 17, 2013 5:56pm
Quoting lillelise
..wouldent surprise me if dnabrazil..is the same as another famous trader called Alex..lol
no, i'm not!

don't know who is alex
  • #437
  • Edited 6:58pm Mar 17, 2013 6:10pm | Edited 6:58pm
Quoting dnabrasil
could i suggest you to take smaller TP?

many times, waiting for a 8 pips TP, you can do 3 trades with 3 or 4 pips TP,
and a smaller TP is possible to hit within few minutes
I agree, and I think the simpler we do it - the better. I like your system and George's system, and I have a pretty complicated system myself, but for the purpose of this thread I would like to trade M1 with only one indicator (and, of course, paying attention to H1).

For example I think that trading EURJPY or GBPJPY with this direction line with the right settings (10) we can get at least 4 pips for most of the colour changes. I did pretty good both on Friday and today.
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Gentlemen always play by the rules. If they can't, they change the rules.
  • #438
  • Mar 17, 2013 6:27pm Mar 17, 2013 6:27pm
Quoting Favorite
I agree, and I think the simpler we do it - the better. I like your system and George's system, and I have a pretty complicated system myself, but for the purpose of this thread I would like to trade M1 with only one indicator (and, of course, paying attention to H1).

For example I think that trading EURJPY or GBPJPY with this direction line with the right settings (10) we can get at least 4 pips for most of the the colour changes. I did pretty good both on Friday and today.
good work, will test it tomorrrow.

it would be good find a system more easier than mine, and mechanical
  • #439
  • Mar 17, 2013 6:34pm Mar 17, 2013 6:34pm
Quoting dnabrasil
good work, will test it tomorrrow.



Quoting dnabrasil
it would be good find a system more easier than mine, and mechanical
Yes, and I would like all active participants to suggest really simple, mechanical systems, then we would be able to find a very simple and effective decision.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #440
  • Mar 17, 2013 6:40pm Mar 17, 2013 6:40pm
Quoting Favorite
I agree, and I think the simpler we do it - the better. I like your system and George's system, and I have a pretty complicated system myself, but for the purpose of this thread I would like to trade M1 with only one indicator (and, of course, paying attention to H1).

For example I think that trading EURJPY or GBPJPY with this direction line with the right settings (10) we can get at least 4 pips for most of the the colour changes. I did pretty good both on Friday and today.

I guess this is non lag MA indicator, right?

I think I will re-code it to output some statistical data in order to understand the average pips of trend goes into one direction. So that would be a good info for scalping by using high leverage.
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