{quote} Standard settings. However i I didn't intend on wrecking the original post, I was only trying to show a similar EA. I'll stop posting now and let the OP carry on sorry!
Ignored
standard settings do not have stop loss so basically this will crash once a trade gets stopped out
Those movements are great it allows you to put your trade on a better spot to have quicker profit next time it moves.
Option 1:
Let's say: You have already a sell. And market goes up really fast (sometimes it likes that). Then you place another sell at that top. You notice what goes up comes down. Now half way down you are already break even between the 2 sells.
Option 2:
Let's say: You have already a Buy. And market goes up really fast (sometimes it likes that). Then you place another Buy at that top. You notice what goes up comes down. Now half way down you are already break even between the 2 Buys.
I think this is similar to zone recovery, and in the end it's just a sort of martingale strategy. My advice: forget the holy grail. Learn how to develop a trading system, learn some statistics so that you can identify when you have a system with an edge, and forget about any system that requires you to keep throwing more money into losing trades! They always fail in the long term. They do not change the system's profitability. They increase risk and reward by the same amount, which means that nothing changes. I don't mean to be rude or to discourage...
Ignored
not completly true
main reason for my journey into forex is a barber that became a millionaire through averaging down.
he has not lost a penny in forex.
but ofcourse he wont share his exact system.
its not for everbody. you need to be pychologically sound.
and you have to know your starting position size in regards to your balance.
ofcourse its not a fullfledged averaging down, he starts hedging untill he is in profit.
so like i said you have to know your initial po.
trust me it works but its not for me.
pychologically i need to have alot of money to begin trading this way. if i had the patience i would trade it with small amounts which does not satisfy my hunger.
You end up with a sell on the top of the market and a buy on the bottom. Larger profits then losers
Ignored
sorry Beerbelly, I dont see that in your report in post 13.
I see sells on the bottom: sells 2 + 3 - price around 1.1155
I see buys on the top: buys 1 + 4, price around 1.1175
{quote} sorry Beerbelly, I dont see that in your report in post 13. I see sells on the bottom: sells 2 + 3 - price around 1.1155 I see buys on the top: buys 1 + 4, price around 1.1175 could you explain?
Ignored
Yes I can.
Market went in zig zag mode and the EA entered a trade each time it believed it had to trade a certain direction. Then it finally broke out the zig zag and placed it's last trade which made it profitable.
After those tests I added in a Middle line which is an average from high and top, so I never buy above the middle line.
Both works but without a middle line its more risky as you need a larger account. Tested with 1000 without middle line.
with middle line i only needed 200 dollar at the beginning.
alright, I understand you changed your trending system after the report in post 13.
if you buy/sell WITH the trend, you will always have a sell at the bottom and a buy at the top.
now you changed to a ranging system with buys in the bottom half and sells in the top half.
we`re basicly in a ranging environment for the last year, so this system will do well.
however when the trends return, this ranging system will be subject to large drawdowns imo.
alright, I understand you changed your trending system after the report in post 13. if you buy/sell WITH the trend, you will always have a sell at the bottom and a buy at the top. .
Ignored
back to this story... in case that does happen it will get closed as well what you see in post 13.
Buy at top
SELL Based on trend change
Sell Based on trend
Sell Break even to close buy.
And again... this only is to solve those trades that are wrong. Your entry strategy can not be random, it has to have at least a 51 percent or more success rate.
Or option 2, average your buy down as I said before.
There is always a way to solve those trades you only have to see which one applies based on the market.
Hibra68 Thanks for your input. The system I have explained is exactly like that, averaging till you have profit. Everyone can do this math: - You buy at the very top of the market. - You buy at the very bottom of the market. - Your profit will lay just above the middle. Now if you add another buy to on the 1/4 of the bottom your profit will lay around the middle. And no, you don't need that much money. mine works now with a start of 200 dollar.
Ignored
i know u dont need that much money
concept is same u just use smaller position size
but its not enough fore pychologically
