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Attachments: The Slow Double Method to BIG gains
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The Slow Double Method to BIG gains

  • #41
  • Feb 13, 2015 9:29am Feb 13, 2015 9:29am
Is anybody there still hoping for this method

let me tell you why there is a fatal flaw in this thinking.

I exposed already the stats with random entries:

0.19% chance of winning with a difference of 9 trades before your account go to 1cent

28 trades average to go to winning
20520$ average gain for the winning cases
25600$ = 50$ * 512 theoretical gain

some typical equity curve:
Attached Image (click to enlarge)
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  • #42
  • Feb 13, 2015 9:34am Feb 13, 2015 9:34am
0.19%

you'd better be very very far from random to be successfull then

but there is more and I tell you now why this method is doomed to death


when you start putting a bet at a huge leverage the tiny commission tiny tiny you know becomes your death nail

example:
1 lot = 100000 -> commission 10$ for a initial amount of 50$
if you loose
your account is killed by 10$ more that what you think

death of your account is the only outcome for this method
  • #43
  • Feb 13, 2015 9:35am Feb 13, 2015 9:35am
so please dont ignore the stats

you think you'd better when you just want 4times instead of 9 but the commission will still kill you

and if you have negative slippage then die faster then
  • #44
  • Feb 13, 2015 9:38am Feb 13, 2015 9:38am
to be able to survive you must constantly add to the account when he goes below 50$
that way maybe if you are good at spotting trades you could multiply your account to expected target
  • #45
  • Feb 13, 2015 9:40am Feb 13, 2015 9:40am
understand well that in the original method when the account is negative 3 tries your method must generate 3 + 9 (or 3 + 4) to go to your target

its why you must constantly add and always play at minimum from 50$

now if you are better than random then you may win more than you invested
  • #46
  • Feb 13, 2015 9:46am Feb 13, 2015 9:46am
and for the case somebody think he can eat the commission by increasing the target a little more than 2x
I tell you there is no free lunch in statistics
your account will go all the same
  • #47
  • Feb 13, 2015 9:50am Feb 13, 2015 9:50am
Felixis, while I am sure your data makes sense you are missing something that does not apply to the rags to riches way.

FIRST I am not attempting 9 trades. I am attempting 4. many a good trader can hit a streak of 4 trades.

SECOND I am not trading spot for this, I am trading Binary options. MUCH different. It does have its own set of risks which I have already explained.

THIRD I have built in a tapered approach to the method to allow for losses while still increasing account. This is not for the consistant loser trader. This is for a trader who wins more than he loses. If at any point you know you can get 4 trades right then there is no reason not to try the method I have laid out.

Maybe your argument is valid for spot but I assure you an good trader can do this on binary options much much easier. The main hurdle being time itself.

Further, a good trader if successful on the first round should have a great ride with this method because they are not likely to bust out.

I post my wins and losses so it is clear this is no cake walk but watch and see how it all goes. Someone reading this and attempting it will in fact be very glad they followed it.
  • #48
  • Feb 13, 2015 9:53am Feb 13, 2015 9:53am
For what its worth I agree it may be quite difficult with spot to do this. Binary is a different story and I see it as highly possible this way. I have multplied several times. Starting from scracth again.
  • #49
  • Feb 13, 2015 9:54am Feb 13, 2015 9:54am
what is the commission practiced for your binary option way ?
i fear the worse
  • #50
  • Feb 13, 2015 9:56am Feb 13, 2015 9:56am
and please try to take a demo account,
trade in parrallel from what you do and if account goes under 50 try adding to keep the amount to 50
(well equivalent to having an account of 1000$ and always betting on a minimum of 50$)
  • #51
  • Feb 13, 2015 9:56am Feb 13, 2015 9:56am
Quoting felixis
what is the commission practiced for your binary option way ? i fear the worse
90 cents per contract with max $9 commision.
  • #52
  • Feb 13, 2015 10:01am Feb 13, 2015 10:01am
Recap for those who beleive this is viable.


After one round with initial $50 you should be at $800


Next round starts risking at $100

If you lose then your balance is now 700 and you start over again risking $50

you now have 14 times to complete the round again at this level.

if in 14 attempts someone is not able to get 4 consecutive trades then this is not for them, its that simple. Further there may be times where a person may wish to stop after doubling once or twice. Once you are through 3 stages the risk are Minimal compared to what has been earned and a good trader will sail away in the longrun to good returns.
  • #53
  • Feb 13, 2015 10:18am Feb 13, 2015 10:18am
ok so for people that dont know what binary option is

you bet if the price will be higher than you entry at a specific time

can you confirm that Trendzalore
  • #54
  • Feb 13, 2015 10:21am Feb 13, 2015 10:21am
Quoting felixis
ok so for people that dont know what binary option is you bet if the price will be higher than you entry at a specific time can you confirm that Trendzalore
http://en.wikipedia.org/wiki/Binary_option


Not all companies are the same and few are regulated. Stay away from cyprus. Make sure the company is regulated. I have already stated who I use.
  • #55
  • Feb 13, 2015 10:31am Feb 13, 2015 10:31am
this seems a very restrictive way of trading with no way to exit except at a specific time
the commission structure is completely hidden in the payout of the option

i just opened a demo on iq
very short time trading
scary
  • #56
  • Edited 11:37am Feb 13, 2015 10:55am | Edited 11:37am
ok to make it clear
on iq the trading is as following:

you will bet 50$ for the price to go up and
if you win you gain 45$
if you loose you loose 50$ (which is the amount bet)

so what is the commission ?
you gain 45$ for betting 50$
they eat 5$ expecting you are a random trader

5$ = commission = 10% of the money bet

oh my god

in forex commission for a 1.2 pip spread is
12$ for 100 000$ = 0.012%

to get an equivalent 10% in spot forex you would need to put your stop and target at 12pip from your entry
which is a moderate scalping condition
as for forex you can always increase the height of target and stop to lower the commission
in binary you cannot

i kindly remind you that the stats where base on 50 pip stop

it was already in killing frenzy with normal commission but with 10% in the nose

oh my my my god ^ 10

so I can only say one thing to you:

good luck
I truly wish you succeed
  • #57
  • Feb 13, 2015 12:54pm Feb 13, 2015 12:54pm
Quoting felixis
this seems a very restrictive way of trading with no way to exit except at a specific time the commission structure is completely hidden in the payout of the option i just opened a demo on iq very short time trading scary
I trade with nadex. You can get out at any time as long as there is a strike. If you see trade going against you you can get out, You are not locked in. That is why you must have a good company and I ONLY use nadex.
  • #58
  • Feb 13, 2015 12:58pm Feb 13, 2015 12:58pm
Quoting felixis
ok to make it clear on iq the trading is as following: you will bet 50$ for the price to go up and if you win you gain 45$ if you loose you loose 50$ (which is the amount bet) so what is the commission ? you gain 45$ for betting 50$ they eat 5$ expecting you are a random trader 5$ = commission = 10% of the money bet oh my god in forex commission for a 1.2 pip spread is 12$ for 100 000$ = 0.012% to get an equivalent 10% in spot forex you would need to put your stop and target at 12pip from your entry which is a moderate scalping condition as for...
No offense but you obviously dont know anything about binaries or nadex.

You can risk $10 and make $90. Or risk the $10 and get out at $30 if you choose. Maybe you rosk $50 to $make 50 but you see the trade is going against you so you get out with a loss of $20 instead of a total loss of 50 OR you risk 50 to make 50 and get out with a profit of 30 because you see thats likely where it will end. I dont need to go further into it because if you dont understand binaries you shouldnt be in this thread talking about binaries. Spot traders can try it but it will be hard once the balance gets too high.
  • #59
  • Feb 16, 2015 2:02pm Feb 16, 2015 2:02pm
Back to looking at my charts. Someone brought to my attention this method would work well with the indices. I tend to agree, though I am not nearly as used to watching their movements as I am currency.

Nonetheless I am looking at S&P 500 this week.

Bearish engulfing candle on 4 hour. I will look to sell around 2089 with SL 2093 and TP 2068. (Not live this is demo)

Market is closed for me right now. The trade pending I in demo but if it has not been triggered when my market opens (nadex) then I will be looknf for a nice live contract to trade.
  • #60
  • Feb 16, 2015 7:00pm Feb 16, 2015 7:00pm
Back to a new day. Put in $145 to start the week. Bad entry on my 1st trade but a decent on 2nd.

Trade 1 if usdjpy stays under 118.23 by 9mpm eastern I will get $90 risked $28

trade if usdjpy is under 118.19 by 9pm I will get 90 risked $36.

This will be my last attempt at the 2 hour binary if I miss. I will stick to the daily.

Current balance after trades $78
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