ok, someone spot out the problem (not sarcasm)
trades eur/usd
trades any time of the day
trades any time frame
whenever you want to trade, either open a buy or sell position, direction doesn't really matter
set the TP for 10, and the SL for 10
If your trade is successful, then congrats. go make another trade, however, if it is not successful and the SL is triggered, immediately open a position in the opposite direction of the first trade, with a TP of 10, and a SL for 10. Also, you must double the second trade.
So if the first unsuccessful trade was .1 lot, the second trade must be .2 and if the second trade is still unsuccessful, then you must make the third trade .4 lots. Obviously this system will require a decent amount of margin. So if you are lacking in margin, you could always start out with a .01 lot.
Here is a little math that is probably flawed, but open for suggestions.
1st trade, statistically speaking, you have a 50/50 chance of winning the first trade
so shouldnt the chance of winning the second trade be 75%?
and the third trade 87.5%?
Also, I know spreads havent been acknowledged, but with a 3 pip spread, you can just count that you make 7 pips per 10 real pips made.
For those of you who are thinking, "this is a martingale system, it is bound to blow his account", here is a possible explanation.
Say I use .1 lot to start out with
.1 lot --- level 1
.2 lot --- level 2
.4 lot --- level 3
.8 lot --- level 4
1.6 lot -- level 5
In my risk account, I have enough margin to buy a few lots, so I could go up to level 5 on this strategy. Now, get a coin, and start flipping. Act like each flip with consecutive faces are levels. If you get 3 heads in a row, that is level 3, 4 tails in a row, that is level 4.
In my coin flipping experiment, I did experience one level 5, which would make me worry if that were real money, so I could always down the lot size.
And as far as the money management strategy, there isn't a whole lot of it. I reccomend you withdraw your profits frequently, because you never know when this thing is going to go for 15 straight reversals.
I know this is risky, but would this really work in the real world?
trades eur/usd
trades any time of the day
trades any time frame
whenever you want to trade, either open a buy or sell position, direction doesn't really matter
set the TP for 10, and the SL for 10
If your trade is successful, then congrats. go make another trade, however, if it is not successful and the SL is triggered, immediately open a position in the opposite direction of the first trade, with a TP of 10, and a SL for 10. Also, you must double the second trade.
So if the first unsuccessful trade was .1 lot, the second trade must be .2 and if the second trade is still unsuccessful, then you must make the third trade .4 lots. Obviously this system will require a decent amount of margin. So if you are lacking in margin, you could always start out with a .01 lot.
Here is a little math that is probably flawed, but open for suggestions.
1st trade, statistically speaking, you have a 50/50 chance of winning the first trade
so shouldnt the chance of winning the second trade be 75%?
and the third trade 87.5%?
Also, I know spreads havent been acknowledged, but with a 3 pip spread, you can just count that you make 7 pips per 10 real pips made.
For those of you who are thinking, "this is a martingale system, it is bound to blow his account", here is a possible explanation.
Say I use .1 lot to start out with
.1 lot --- level 1
.2 lot --- level 2
.4 lot --- level 3
.8 lot --- level 4
1.6 lot -- level 5
In my risk account, I have enough margin to buy a few lots, so I could go up to level 5 on this strategy. Now, get a coin, and start flipping. Act like each flip with consecutive faces are levels. If you get 3 heads in a row, that is level 3, 4 tails in a row, that is level 4.
In my coin flipping experiment, I did experience one level 5, which would make me worry if that were real money, so I could always down the lot size.
And as far as the money management strategy, there isn't a whole lot of it. I reccomend you withdraw your profits frequently, because you never know when this thing is going to go for 15 straight reversals.
I know this is risky, but would this really work in the real world?