Holy Grail 2015

===Rules===

100 pips stop loss
50 to 100 or 150 pips Take profit
Break even 0 when 15 to 20 pips profit

===System Tools===

Economical colander
15, 1h, 4h, Day chart
Support & Resistance
Trend line

Anyone interested in this trading system ?

http://www.myfxbook.com/members/ragg...l-2015/1135552

http://widgets.myfxbook.com/widgets/1135552/large.jpg

Thank u @growthack, can you pls give description of your strategy?

The boomerang guy ("its easy if you know returning path") ... zero loss

http://www.forexfactory.com/showthre...20#post7988820

i know zero loss method but i avoid that system because of overload work , then i decided to trade without strain thats why i am adding SL look this week my account hit in only one SL and two at BE all other was TP totally doubled my account within one week now , check My fxbook ^

i am not using any indicators, using naked chart and trend line only must watch economical calendar too ...

https://charts.mql5.com/6/796/gbpusd...ts-limited.png

this is my GU chart right now i am expecting 20+ more down then will take some more time to move because news rally time is over and london is going to close right now .. there is no another economical reports today.

"market behave based on economy and that stay around trend line"

40% DD! Its a bit risky, isn't it?

Plus it's too early to judge a system in such a short period.

the question is 'what system'?



never seen the market move like this

... in sideways movements.

that first day trade was loss , that was at Monday 40% DD happened .. dont trade in Monday & Friday because cant predict random market movement in these days.. for example look GU chart, today is Friday i cant analyze the next move., it may move up or down.. 200 pips down to 4800 or reject yesterday's down and up 200 pips to 5200..its random..

https://charts.mql5.com/6/799/gbpusd...ts-limited.png

maximum pips collected in this week, 364 pips ( 240% profit )

going through this thread was like reading someone brag about gambling in a casino. avoid this system.

gamblers use SL ? how gamblers get more than 50% win ratio ?

i am developing EA based on this strategy i will post that here, wait for my back test result, not using indicator but trend line or some time i will add Bollinger Bands.

Can someone please tell me why I cant trade my demo account? My metatrader 5 is not updating anything at all like its weekend...

guys im new to trading can any u tell me how does my performance look and tell me if im ready to go live

it seems you are trading without SL and using martingale , it works only in ranging market

As GrowthHack mentioned, with blind Martingale approaches (where you are trading at all times without exploiting a statistically valid edge) it is impossible to confidently assess performance but needless to say provided you don't have unlimited deep pockets and therefore need to define a loss level to prevent margin calls, as T approaches infinity, performance statistically will be negatively correlated due to frictional costs. Of course you can always be lucky, or you can work with this risk by regularly harvesting profits. On the other hand, if you engage the Matingale approach when you have a trading methodology that exploits a positive bias, then that is a different story......but I am yet to discover such a beast given that is is incredibly difficult to assess the underlying performance that is not attributed to the martingale progression.
Others here such as Magix who are fluent in martingales might have such strategies.

PS You can apply the martingale technique to any trading situation such as trending markets OR ranging markets, but unfortunately your losing side must progressively increase in position size to reduce your average cost of your total open positions so that you can extract yourself quickly from large positions when there is a sniff of movement in your favour. There is a fine line between averaging down and the martingale progression as you have to eventually ask yourself, where do I stop? As my luck would have it, no matter how clever I get in designing a methodology to outstmart the market, I inevitably fail....so I have had to say goodbye to Martingales.......but they are incredibly addictive. :-)

guys my risk management is time orientated, i let my trades run for 7 hour if after 7 hours the trade is at a loss i close it manually i dnt let it run more than that and 9/10 my trades close b4 that, and i enter trades at a specific time

Give it a bit more time manimaker before going live and if possible backtest over a few years to see how your approach fares. I can only see one months worth of trades in your screenshot and in my opinion you need to test martingale variations over a few years at least that provide ample market variations to find out how rigurous it is. :-)

Economic colander? We can use that to weed out the chaff? Sorry,, could not resist that..

Are you a 'Time Trader' ? few years before martingale worked well in Japan's Tokyo ranging time period but things changed after the world rescission ( 2009 ) gold and many shares / currency pairs automatically changed style of price action, how can you predict that changes in PA ? it was evolution of trading

can you predict some political news or Tsunami or terrorist attack in parliament ? remember what was happened in recent intervention in CHF currency ...

use SL in trading ... btw try anti martingale too., its more interesting than regular martingale