[Forex] Turning ~$100 into $1,000+ a month!

[patriotnews]

And they always profit. Hedging is a strategy that's mixed with martingale the success rate is high. The only big thing that can happen is if the market crashes one day ( possible with up coming French elections, considering one of the pairs I'm trading is EURUSD) but my money will be diversified in different pairs. A 2,000 cent account can handle up to 1,000 points drop in a day. Which happens but not that often.

Martingale? Really?

 

[rkwebs]

love to learn share the details if possible

 

[koleinz]

how big is your spread ?
i pm you for the script

 

[tagthatduck]

Martingale? Really?

It doesn't essentially double up though. It only increases the lot size by 1.1x

 

[tagthatduck]

how big is your spread ?
i pm you for the script

For my cent broker it's high :/ 3.5 on eurousd and 4 pip on others

 

[McPreneur]

Hedging is a strategy that's mixed with martingale the success rate is high.

Did you know that long term martingale has negative expected value? And since you said you did this before I wonder how many trades did you actually do in total with this method (hundreds, thousands, tens of thousands)?

I wait until all accounts are $20 profit

I'm curious how long does it take you on average to fill the next account with $20 profits. I imagine the trading account could get stuck somewhere between $0-$20 for quite a while.

 

[tagthatduck]

Did you know that long term martingale has negative expected value? And since you said you did this before I wonder how many trades did you actually do in total with this method (hundreds, thousands, tens of thousands)?



I'm curious how long does it take you on average to fill the next account with $20 profits. I imagine the trading account could get stuck somewhere between $0-$20 for quite a while.

I'm actually already beginning on filling the second account. The more equity you have the less likely anything will happen and like I did say martingale at a 1.1x multiplyer instead of 2x. It's quick profits of .40 a time but when you factor in hundreds of trades a day it grows exponentially quickly

 

[tagthatduck]

Keep in mind if you're only increasing by 1.1x your initial. If you have equity you can support a lot

 

[McPreneur]

Keep in mind if you're only increasing by 1.1x your initial. If you have equity you can support a lot

Lowering 2x to 1.1x doesn't change the expected value. It's still negative. What I'm saying is that if you only did this strategy for a few months in the past, even at 300 trades per week, it's still not enough trades to prove profitability over a longer period, because after hundreds of thousands of trades, the overall result will still be a loss, even if you had a 1k+ month in the past.

You don't even have to do hundreds of thousands of trades to check the expected value, just make a little script to simulate the strategy over 1 million trades, and you'll see it yourself.

 

[umerjutt00]

Trading using EA is always the best way to burn accounts.

Let's see how it goes in your case..

 

[Hellasida]

What kind of program is this? Its a script? Or an actual program

 

[tagthatduck]

This thread causing tons of controversy on if my method will orvwill not work but I'll just keep you all updated

 

[McPreneur]

This thread causing tons of controversy on if my method will orvwill not work but I'll just keep you all updated

I have experience with trading systems, a good amount of my income comes from that. And everybody who has decent trading experience can tell by a mile that this looks like a typical losing strategy.

You said it yourself that you lost the money the first time. Changing the money management part is not enough, you'll just bleed slower.

EDIT: I wish you luck, though.

 

[tagthatduck]

TODAYS UPDATE
-Old broker sent me $22 commissions so I've decided to kick start account 2 with 1,000 cents aka $10. I have begun auto trading on account 2 and take a little risk with lower equity.
- Account 1 Currently sitting at 2,593
Pictures below of accounts 1 and 2

 

[tagthatduck]

Here's today's update, we're closing in on 4,000 balance to evenly split between accounts. As we're coming closer to the French elections either today or tomorrow morning I may suspend trading till May 7th.
After the elections we will open and begin filling account 3 till 2,000 balance stay tuned

 

[Lee Vang]

@tagthatduck - hey can you provide me with that script? I'm interested in it. Thanks in advance.

 

[AKQJ10]

Sounds interesting though I don't know nothing abt forex. I'm following.

 

[tagthatduck]

@tagthatduck - hey can you provide me with that script? I'm interested in it. Thanks in advance.

Later this week I'll link a drop box

 

[T2tkid]

Best of luck with your journey. Forex is something that I have not looked into deeply. The people I know offline all burnt their monies trading it. But I can invest $100 into 5 account and watch it auto-trade It will be fun to see what happens.

 

[tagthatduck]

Best of luck with your journey. Forex is something that I have not looked into deeply. The people I know offline all burnt their monies trading it. But I can invest $100 into 5 account and watch it auto-trade It will be fun to see what happens.

Forex is addicting lol, I've made my fair share of thousands trading on my own and aswell as losing thousands. It's nice to see a small investment turn into much more