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Grid Correlation Trading- From $5,000 to $100,000

  • #61
  • Mar 14, 2016 1:07pm Mar 14, 2016 1:07pm
Quoting dragonexpert
{quote} for better execution I recommend you use ECN account. I already have another account ECN, the execution and spread was great. {quote} its based on distance pips. Reached my 2nd milestone, 100% in 12 days. Next 200%.
Pls check ur pm.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #62
  • Mar 14, 2016 3:24pm Mar 14, 2016 3:24pm
Quoting dragonexpert
{quote} for better execution I recommend you use ECN account. I already have another account ECN, the execution and spread was great. {quote} its based on distance pips. Reached my 2nd milestone, 100% in 12 days. Next 200%.
Congrats! on your new EA! The result are quite fascinating!
I hope you can share the EA with me too?
  • #63
  • Mar 14, 2016 3:37pm Mar 14, 2016 3:37pm
EA results today.

A hug to everyone

Note: what to do to get the EA?
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  • #64
  • Mar 14, 2016 9:49pm Mar 14, 2016 9:49pm
Amazing results with great control of the floating in four days [attach]1880186
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  • #65
  • Mar 15, 2016 5:47am Mar 15, 2016 5:47am
So todays drawdown is taking away all the credibility the EA has.​
I was under the impression that your EA uses a fixed stop loss to prevent this kind of drawdown??
Martingale is your worst enemy. Even if you recover from this it is not a viable option for live trading. NEVER.
Never Ever Give Up!
  • #66
  • Mar 15, 2016 7:04am Mar 15, 2016 7:04am
Quoting Cobra
So todays drawdown is taking away all the credibility the EA has.​ I was under the impression that your EA uses a fixed stop loss to prevent this kind of drawdown?? Martingale is your worst enemy. Even if you recover from this it is not a viable option for live trading. NEVER.
That depends. This is about the fourth time he has a 50%+ DD so it can be considered a huge gamble in order to hit the 100k mark yes. Personally i would have set a limit of loss to the starting amount; 5000$ deposited money. "Gambling" on profits is not a good thing, but neither a bad thing, as long as you have a slight edge and thats where his correlation method kicks in..
  • #67
  • Mar 15, 2016 7:09am Mar 15, 2016 7:09am
Quoting Cobra
So todays drawdown is taking away all the credibility the EA has.​ I was under the impression that your EA uses a fixed stop loss to prevent this kind of drawdown?? Martingale is your worst enemy. Even if you recover from this it is not a viable option for live trading. NEVER.
Did he trade pure martingale? As in, double the last loss?
Price-Action Extremist
  • #68
  • Mar 15, 2016 7:15am Mar 15, 2016 7:15am
sorry mate but these type of strategies will not work in a long run, good luck anyway
  • #69
  • Mar 15, 2016 7:16am Mar 15, 2016 7:16am
Quoting Robertk
{quote} That depends. This is about the fourth time he has a 50%+ DD so it can be considered a huge gamble in order to hit the 100k mark yes. Personally i would have set a limit of loss to the starting amount; 5000$ deposited money. "Gambling" on profits is not a good thing, but neither a bad thing, as long as you have a slight edge and thats where his correlation method kicks in..
Unfortunately a drawdown of 70% plus does not give you an edge.
Martingale bullshits the mind. You feel you cannot lose anymore and that you WILL always win untill this happens...
Even if he recovers from this the method is flawed.
The gbpjpy has another 20 pips to its nearest lows and the gbpusd about 20 pips. ( If he is trading these two pairs) And there is no guarantee that the run will stop there. Can his acc survive untill the next bounce??
Martingale is NEVER an option. Hope some people including dragon are learning from this.
I wish him luck because ONLY luck can safe him...
Never Ever Give Up!
  • #70
  • Mar 15, 2016 7:18am Mar 15, 2016 7:18am
Quoting bagman
{quote} Did he trade pure martingale? As in, double the last loss?
I think he uses golden ratio (1.618) as a multiplier.
  • #71
  • Mar 15, 2016 7:50am Mar 15, 2016 7:50am


Great strategy.... Title is misleading. Should be $5000 to -$9000!
  • #72
  • Mar 15, 2016 7:51am Mar 15, 2016 7:51am
Quoting magicpips
sorry mate but these type of strategies will not work in a long run, good luck anyway
Exactly. Down -40% now.

BURNED!!!
  • #73
  • Mar 15, 2016 7:55am Mar 15, 2016 7:55am
so sorry for him, really want everyone to succeed in this business but it is tough especially with this kind of trading style.Good luck mate again
  • #74
  • Mar 15, 2016 7:59am Mar 15, 2016 7:59am
also ,members please do not make nasty comments be supportive ,see and learn !!!!
  • #75
  • Mar 15, 2016 8:15am Mar 15, 2016 8:15am
This is unfortunate. Having tested it for a few days, i really do think it has potential. Currency pairs like EURJPY, GBPJPY, GBPAUD are too risky for this imo.

Looking forward to the fightback!
  • #76
  • Mar 15, 2016 8:24am Mar 15, 2016 8:24am
Quoting mrhigurashi
Great strategy.... Title is misleading. Should be $5000 to -$9000!
Quoting magicpips
also ,members please do not make nasty comments be supportive ,see and learn !!!!
While it might sound mean at first, it really is not. His losses feed someone else's win. Ecosystem and all that. If he had made +64% he would be cheering and soemoene else would be on the wrong end of it.
Price-Action Extremist
  • #77
  • Mar 15, 2016 8:29am Mar 15, 2016 8:29am
Quoting bagman
{quote} {quote} While it might sound mean at first, it really is not. His losses feed someone else's win. Ecosystem and all that. If he had made +64% he would be cheering and soemoene else would be on the wrong end of it.
Must have been why i made fantastic profits the last two days then Thank you Dragon Expert!
  • #78
  • Mar 15, 2016 8:31am Mar 15, 2016 8:31am
Quoting mrhigurashi
{quote} Must have been why i made fantastic profits the last two days then Thank you Dragon Expert!
I was on the other end of some of his trades too. Lucky me I guess.
Price-Action Extremist
  • #79
  • Mar 15, 2016 8:32am Mar 15, 2016 8:32am
margin still can open another trade but the broker close it. dont use that broker. my broker cancel all my profit because accuse me using illegal trade. I withdraw all balance left.
Risk comes from not knowing what you're doing.
  • #80
  • Mar 15, 2016 8:32am Mar 15, 2016 8:32am
Quoting bagman
{quote} I was on the other end of some of his trades too. Lucky me I guess.


Green pips to you!
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