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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

  • #1,361
  • Dec 12, 2013 4:08am Dec 12, 2013 4:08am
Quoting FerruFx
{quote} There's aboslutely no holy grail discussed here. We are just discussing a particular MM.
But the MM strategy is supposed to do the same thing like the holy grails,,,RAGS to RICHES,,,i see little difference..

Anyone posting thread should make research on their own & provide evidence of what they think tobe working before putting other ppls to waste their time on trial & wastage..
  • #1,362
  • Dec 12, 2013 4:26am Dec 12, 2013 4:26am
Quoting mokhlesur
MM has got no value without right setup. You need right setup to apply MM. All gurbage here in this thread in the name of MM. Does anyone so far achieved the target with the MM? Rather you people discuss about the valid setup available in the current market condition. Otherwise wasting time on dreaming.
Go pick a TS if you don't have one!
This thread isn't for noobs who don't even have a system...

Your comment is useless and this thread is, by someone's estimations, 90% garbage because guys like you who don't bother getting to know what's it all about still bring some crap with them and leave it here...
The single most important factor is having control of your own life.
  • #1,363
  • Dec 12, 2013 4:28am Dec 12, 2013 4:28am
Quoting tm9
{quote} But the MM strategy is supposed to do the same thing like the holy grails,,,RAGS to RICHES
Absolutely not. What will make the success of this MM is your own trading method/system.

The MM will just accelerate the success in case of a profitable method/system.

This exactly why this MM should be used ONLY by traders with a consistent trading.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,364
  • Dec 12, 2013 4:29am Dec 12, 2013 4:29am
Quoting Mikkk01
{quote} Go pick a TS if you don't have one! This thread isn't for noobs who don't even have a system... Your comment is useless and this thread is, by someone's estimations, 90% garbage because guys like you who don't bother getting to know what's it all about still bring some crap with them and leave it here...
Very well said.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,365
  • Dec 12, 2013 4:30am Dec 12, 2013 4:30am
Quoting tm9
{quote} But the MM strategy is supposed to do the same thing like the holy grails,,,RAGS to RICHES,,,i see little difference..
There's no holy grail and you, mister, sound like you found Forex a couple of weeks ago...
The single most important factor is having control of your own life.
  • #1,366
  • Dec 12, 2013 4:33am Dec 12, 2013 4:33am
Quoting FerruFx
{quote} Very well said.
Thanks...
The single most important factor is having control of your own life.
  • #1,367
  • Dec 12, 2013 8:25am Dec 12, 2013 8:25am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting Mikkk01
{quote} This thread isn't for noobs who don't even have a system... Your comment is useless .
.....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #1,368
  • Dec 12, 2013 9:20am Dec 12, 2013 9:20am
Ok,,,people!!

So,,what kind of system/strategy u intend to use with such particular MM?

Share your thoughts!
  • #1,369
  • Dec 12, 2013 9:30am Dec 12, 2013 9:30am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting tm9
Ok,,,people!! So,,what kind of system/strategy u intend to use with such particular MM? Share your thoughts!

This thread is pure MM you must have your own strat in place....

I'm not sure but I think this has been stated before once or twice .....

But here's some hope I can give you check out these two recent

high MM high probability setup also there are threads here on FF

discussing high probability entries just look around the search bar:



EUR/AUD: 8 lots for 395 pips equates to 27k profit if liquidated right now

CAD/CHF: 4 lots for 185 pips equates to 8k profit if liquidated right now


so there you go you must find your own way on this path of high risk high MM

trading...good skill to you...
Attached Image(s) (click to enlarge)
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One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #1,370
  • Dec 12, 2013 9:32am Dec 12, 2013 9:32am
Quoting tm9
Ok,,,people!! So,,what kind of system/strategy u intend to use with such particular MM? Share your thoughts!
There's no system discussed here. If you don't have already your own consistent method/system ... you can forget about this MM.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,371
  • Dec 12, 2013 9:33am Dec 12, 2013 9:33am
Quoting Owl
{quote} This thread is pure MM you must have your own strat in place....
Posted at the same time !
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,372
  • Dec 12, 2013 9:35am Dec 12, 2013 9:35am
Quoting tm9
Ok,,,people!! So,,what kind of system/strategy u intend to use with such particular MM? Share your thoughts!
Go read the thread, dude - you're not the first to ask all these questions...
You'll never manage to get to know anything if you can't devote an hour to what you're interested in...

I was gonna write about pure MM also but it would be too much...
The single most important factor is having control of your own life.
  • #1,373
  • Dec 12, 2013 9:39am Dec 12, 2013 9:39am
Quoting Mikkk01
{quote} I was gonna write about pure MM also but it would be too much...
I don't think so. We should even write this "rule" in our signature to avoid this question again and again
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,374
  • Dec 12, 2013 9:39am Dec 12, 2013 9:39am
Quoting Owl
{quote} LMAO....Good one mate!! yes it's true we see through it all, all the time!!! LOL!! ................. {image}
Yup, liked it on the spot
The single most important factor is having control of your own life.
  • #1,375
  • Dec 12, 2013 9:42am Dec 12, 2013 9:42am
Quoting FerruFx
{quote} I don't think so. We should even write this "rule" in our signature to avoid this question again and again
Dunno-dunno, they somehow overlook post #1 - it's unlikely they'll notice the signature
The single most important factor is having control of your own life.
  • #1,376
  • Dec 12, 2013 9:51am Dec 12, 2013 9:51am
Quoting FerruFx
{quote} There's no system discussed here. If you don't have already your own consistent method/system ... you can forget about this MM.
"Consistent system" doesn't necessarily mean it can afford such high risk MM....being consistent got nothing to do with hitting a large winning streak

Quote
Go read the thread, dude - you're not the first to ask all these questions...
You'll never manage to get to know anything if you can't devote an hour to what you're interested in...

I was gonna write about pure MM also but it would be too much...

I'd be more than happy if u don't reply to my posts...why waste time for me pro-forex dude?

if u don't like anything just don't make any noise/don't reply...
Thanks!
  • #1,377
  • Dec 12, 2013 9:55am Dec 12, 2013 9:55am
Quoting tm9
{quote} I'd be more than happy if u don't reply to my posts...
If you don't like the answers made by the contributors of this thread, read the thread so you won't have to ask questions.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,378
  • Dec 13, 2013 12:46pm Dec 13, 2013 12:46pm
Quoting tm9
{quote} "Consistent system" doesn't necessarily mean it can afford such high risk MM....being consistent got nothing to do with hitting a large winning streak {quote}
And we're not talking about hitting a "large winning streak". We're talking about having a system in place with a "consistent" positive expectancy. As has been stated ad nauseum, you don't have to have huge strings of consecutive winners, you need 10 or so net winners over losers...
So 69 winners vs. 59 losers - That's only a 53% win ratio.

Obviously the higher the win ratio the fewer trades it will take to get there. 11 wins and 1 loser would be nice.
  • #1,379
  • Edited 3:24pm Dec 13, 2013 1:07pm | Edited 3:24pm
why stupid ppl are stupid but mouth-tough too?

they don't know how far they are from 'profitable', or how wrong to step on this path now.......

anyway, this is a simple spreadsheet explaining the magical 'Rags to Riches' for those with a modest and steadfast mind:

in fact, this thread should be dead long ago, it's only for read, nothing to discuss, what to discuss anyway?

edited:

in fact, there's something to discuss, the numbers themselves!

again, it is simple, but anyone realised, no matter starting from $50 or $5, since you always lose 50% of your capital, you will never be WIPED OUT! you will be forever able to place your next bet! (let's say the broker alllows very minimal bet).

so floor is limited (lim() = 0), but sky is NOT. with a 50% winning RR 1:1 system, you worst you lose 99% of your starting capital, but your best could be, if $50, end up 20000$ (just an example of a sequence of 200 trades ).
i do know, in my example (completely edgeless) it is more likely to lose than win in the long term (or monte carlo it), but why not a trader with an edge simply trade this way?
Attached File(s)
File Type: xlsx R2R.xlsx   50 KB | 667 downloads
  • #1,380
  • Dec 15, 2013 6:05pm Dec 15, 2013 6:05pm
Nice and simple strategic approach.I have attached my explorer.I make use of high leverage i get from broker.Let see if i achieve it.I have made it a free account.I have a very sound strategy that is the reason i'm trying this method out.
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