How to recover equity from heavy losses? | Forex Factory

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How to recover equity from heavy losses?

  • #1
  • First Post: Edited Oct 6, 2013 12:35pm Oct 1, 2013 11:24pm | Edited Oct 6, 2013 12:35pm
Dear Friends,
I would like to get your valuable suggestions for GBPUSD trading. at present my Balance - 666 & Equity - -333.
in such condition how to gain in equity ?
I need all of your Help to improve Trading.
thanks
Amol


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Date:- 06/10/13 Sunday - now on closing of Friday Status of Trades are following. Now i would try to close all trades in upcoming week and plan for new Strategy.
I'll tell you in forum.
Thank you very much for your Co-Operation.
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  • #2
  • Oct 1, 2013 11:48pm Oct 1, 2013 11:48pm
Quoting amol123
in such condition how to gain in equity ?
Maybe stop to play with martingale
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Oct 1, 2013 11:56pm Oct 1, 2013 11:56pm
Quoting FerruFx
{quote} Maybe stop to play with martingale

Thanks
i need more tips on above chart.
  • #4
  • Oct 2, 2013 12:17am Oct 2, 2013 12:17am
Quoting amol123
{quote} Thanks i need more tips on above chart.
Close your positions, accept the losses ... and start trading ... I mean real trading.

You're trying to beat the market which will finally end with a margin call ... in any case.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Oct 2, 2013 12:21am Oct 2, 2013 12:21am
Quoting FerruFx
{quote} Close your positions, accept the losses ... and start trading ... I mean real trading. You're trying to beat the market which will finally end with a margin call ... in any case.

Thank you Dear.
  • #6
  • Oct 2, 2013 12:29am Oct 2, 2013 12:29am
Quoting amol123
{quote} Thank you Dear.
You're welcome.

This is important for all newbies starting in forex (or any market) that trading should be based on "technical" entry and exit. I mean, there must be a reason for an entry or an exit. Using martingale is like if you were playing at roulette in casino : no reason for entry, just increase your bet until money is gone ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #7
  • Oct 2, 2013 7:29am Oct 2, 2013 7:29am
you can trade this way with infinite funds which obviously you dont have so better stick with one trade at a time and with stop loss.
been there done that, Good Bye
  • #8
  • Oct 2, 2013 7:43am Oct 2, 2013 7:43am
Quoting amol123
Dear Friends, I would like to get your valuable suggestions for GBPUSD trading. at present my Balance - 666 & Equity - -333. in such condition how to gain in equity ? I need all of your Help to improve Trading. thanks Amol {image} {image}

if u want to negative hedge, do it earlier at support resistance zone.

sell at supply, buy stop above.

buy at support, sell stop below.

negative hedge within 10-20 pips.

Follow the trend. with 1 more new position. square the winning trade upon exhaustion confirmation. let off the losing trade a small loss.
  • #9
  • Oct 2, 2013 8:37am Oct 2, 2013 8:37am
the problem is you have both kind of position, buys and sells, you can recover equity having only one side of position, for example only buys or only sells, at predefined levels, and taking care initial risk. For example, for 1000 U$ I use an Initial position of 0.05 lot, then if the position goes against me I set a pending order 90-100 pips aways of the initial position with 0.05 lot again. and move the target for decent profit or minimal lose.
then next level is again at 90-100 pips away with 0.1 lot, and again moving target.,

this type of trading is workin me fine the last months.

hope it helps.
  • #10
  • Oct 2, 2013 11:25pm Oct 2, 2013 11:25pm
Quoting Peepo
the problem is you have both kind of position, buys and sells, you can recover equity having only one side of position, for example only buys or only sells, at predefined levels, and taking care initial risk. For example, for 1000 U$ I use an Initial position of 0.05 lot, then if the position goes against me I set a pending order 90-100 pips aways of the initial position with 0.05 lot again. and move the target for decent profit or minimal lose. then next level is again at 90-100 pips away with 0.1 lot, and again moving target., this type of trading...
such move is possible in a range market or trending back retracement market into previous resistance turns support of a higher lo.

but a breakout market, avg + martingale = death, been there done that.

What this guy need to do is either to accept losses earlier or hedge earlier and try to follow the trend.

Avg + martingale is a recovery / remedy process.

Your 1st trade can be super red, your 2nd trade can be new entry just to find a break even point to close both off. Most often or not, trader want to close both in profit which is not always possible.

1st trade super red, 2nd trade red, 3rd new entry with martingale should also find break even point to save the equity. But often or not, just collapsed against a breakout scenario if trader failed to let go at higher lo or former r t s or s t r.
  • #11
  • Oct 3, 2013 12:21am Oct 3, 2013 12:21am
Cancel all pendings.

Sell 0.09 at market.

Take a deep breath and figure out how you can "gain in equity" by at least following *some* kind of price/trend based method. My god man, what are you doing here?
  • #12
  • Oct 3, 2013 12:42am Oct 3, 2013 12:42am
Quoting ToeCutter
Cancel all pendings. Sell 0.09 at market. Take a deep breath and figure out how you can "gain in equity" by at least following *some* kind of price/trend based method. My god man, what are you doing here?
Getting rich ?
Well, seriously that "strategy" might work for some time but trust me, it has been tried before.
  • #13
  • Oct 3, 2013 1:18am Oct 3, 2013 1:18am
Take a look at this, I knew this guy personally and had the same problem with yours. At the end he had to accept the losses. And the funny thing is that just after he had closed, the market turned. So afterall he gave up trading all together after losing half a million.
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  • #14
  • Oct 3, 2013 1:56am Oct 3, 2013 1:56am
Consider this. Get 10 pips a day--you survive. Get 20 pips a day --you prosper. Get 30 pips a day--you beat the market. Set your goals accordingly.
  • #15
  • Oct 3, 2013 2:17am Oct 3, 2013 2:17am
Quoting IRISH37
Consider this. Get 10 pips a day--you survive. Get 20 pips a day --you prosper. Get 30 pips a day--you beat the market. Set your goals accordingly.
Pips don't mean nothing.

% is what matter ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #16
  • Oct 3, 2013 2:53am Oct 3, 2013 2:53am
You may use the common casino method below to shoot up profit and minimize the lose. In fact, you must know how your system works (Have more consecutive win? Consecutive lose? Random win and lose?), so to apply the appropriate system.

Syst A = 1,3,2,4
Syst B = 1,3,2,6
Syst C = Fibonacci
Syst D = Paroli
Syst E = Alembert
Syst F = Martingale
Syst G = Super Martingale


Google it. Just my 2 cents.
  • #17
  • Oct 3, 2013 3:00am Oct 3, 2013 3:00am
Quoting ~bull.bear~
You may use the common casino method below to shoot up profit and minimize the lose. In fact, you must know how your system works (Have more consecutive win? Consecutive lose? Random win and lose?), so to apply the appropriate system. Syst A = 1,3,2,4 Syst B = 1,3,2,6 Syst C = Fibonacci Syst D = Paroli Syst E = Alembert Syst F = Martingale Syst G = Super Martingale Google it. Just my 2 cents.
Any kind of these martingales will end with a margin call ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #18
  • Oct 3, 2013 3:10am Oct 3, 2013 3:10am
Quoting FerruFx
{quote} Any kind of these martingales will end with a margin call ...
Yes. It will. But positive expectancy will not.
  • #19
  • Oct 3, 2013 3:22am Oct 3, 2013 3:22am
you should close losing trades at suitable swing point and then re think about your trading strategy .
  • #20
  • Oct 3, 2013 3:36am Oct 3, 2013 3:36am
a sucker is born every minute
https://diamondmanagedfx.com/prop-firm-passing-service/
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