I want to commend Burger for his pursuit of this idea. I DO NOT retract my statement about running multiple hedges side by side as a way to generate more profit with the same risk. Also..... I have found a day in the GBP/USD where a 20 pip gap could ...

Martingale EA. Almost can't lose!

Up 30% after spreads were removed? Here is my best fake "Grill," if that means anything....

Show us your best fake Grail...

With all due respect, doubling and tripling is effectively old-school Martingale. High risk, low return. My lot sizing keeps the drawdowns lower.... Also, I want to clear up some confusion. In my previous example, I talked about setting up two traps ...

Martingale EA. Almost can't lose!

No! No! No! Trending market is just dandy.... one trap wins, the other opens a reverse hedge at the same time..... now the reverse hedge only needs 20 more pips. I call it a grid but this really isn't a traditional "grid".... I only call it a grid ...

Martingale EA. Almost can't lose!

Merlin moved the thread here because he assumes Martingale is a foolish newbie thing to do... As for the grid.... the idea is to have two traps working simultaneously.... Example) Assume TP is 20 and the trap is 10 wide.... once the price moves for ...

Martingale EA. Almost can't lose!

Would be better to have this automated within the EA.... than manually keeping tracking would be a nightmare. Coding would have to be rock solid (no glitches) or you could find yourself in trouble quick.

Martingale EA. Almost can't lose!

Mult-dimensional grid — Test placing two hedges side by side, as posted (in image).... as the first loses, the second triggers a buy and wins. This occurs as the first continues into drawing down in its trap. The idea is to always win one trap ...

Martingale EA. Almost can't lose!

Trade #6 2007.4.12 05:00 buy 0.5 lots EURUSD @ 1.3460 SL 1.3420 TP 1.3660

tdion's Almost Live Trades

Trade #5 04.09.2007 22:00 Buy 0.5 lots EURUSD @ 1.3361 SL 1.3326 TP 1.3431 TP: +68 New Balance: $9479 Pip Count: -118

tdion's Almost Live Trades

Thanks Scott.... Just to clarify my technique, I do not keep my risk at 0.5% until I recover to 100%. Once my balance is back up to 80% of my highest capital achieved, I increase my risk back to 1.5%.... Once up to 90%, I go back to 2% risk. I will ...

Dynamic risk allocation

Hello mctdavs! You can backtest by hand (using printed charts or your monitor) but beware. Moving indicators such as RSI, MACD, etc. need to be assessed on closed bars! In other words, if your system rule says "RSI crosses 50" you better darned sure ...

Backtesting...

xPip you will find that if you are wrong, the interest collected will not make up for the negative pips. Depending on leverage and magnitude of the move, you can have a margin call. In one such system, HawkFX attempted to ride out bad trades and ...

Dynamic risk allocation

Interesting replies. For me, the dynamic allocation is attractive for several reasons. 1.5% of 90% is 1.35%.... so you begin reducing your risk substantially at 90%.... opposed to 2% of 90% which is 1.8%.... The reason I thought this was worth ...

Dynamic risk allocation

Nip you are living the dream, man. I just worry you will crash and burn with the huge risks you take. I read in an earlier post that you scalped with high risk to make up for losses. Is that a habit you see yourself getting into? Good luck on ...

NipThePips Journal. Small steps to Freedom.

Fear here..... After drawing down during a long string of losers.... You think "I could lose this many more times again without a win." 10% aren't human? lol I would hardly say that people who clicked "no emotion" are the successful ones....

What's your negative emotion that you're most prone to when trading?

Fear here..... After drawing down during a long string of losers.... You think "I could lose this many more times again without a win."

What's your negative emotion that you're most prone to when trading?

Wallstreet with Charlie Sheen/Micheal Douglas and directed by Oliver Stone.... only happens to be one of my favorites of all time.

Forex movies

David I like how you have extended several levels into this. Merlin said Forex is a "cash market." My impression was that it was a futures market, where leverage is given to you based on unit size of the contract. If I am correct, many banks use ...

Poll: Is successful trading more dependent on skill than luck?

This is the real meat and potatoes of forex.... "What is your edge?" I am a huge fan of backtesting (when done correctly, WILL show exactly would would have happened...) So, I have methods that were profitable in 6 years of backtests based on price ...

Poll: Is successful trading more dependent on skill than luck?

In a perfect world, if your money were actually being traded with the banks, it wouldn't matter. But what if we all traded a method on the same broker? If they are a market maker and hedge most trades in house (thus taking the risk on outstanding ...

Sharing hurt your method?