I think the statement should be "Pick an indicator, and prove it right." The only indicator that looks interesting to me is RSI because it can keep you out of overbought/oversold situations. BB are nice for this too. Let's cut through the chase: ...

Indicators: Good AND Bad

Trade 7's chart

tdion's Almost Live Trades

Trade #8 04.17.2007 16:00 buy 0.5 lots EURUSD @ 1.3583 SL 1.3543 TP 1.3783

tdion's Almost Live Trades

Trade #7 04.16.2007 00:00 sell 0.9 lots EURUSD @ 1.3555 SL 1.3575 TP 1.3365 SL: -22 New Balance: $9281 Pip count: -140

tdion's Almost Live Trades

Good old Burger.... always sticking that jab in there. "We don't remember when it occured, do we?" If it is a matter of credibility, I will be happy to look it up on my chart when I get home and post it. Oh.... and one other thing..... you claim you ...

Martingale EA. Almost can't lose!

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