is it possible to turn $100 to $1000 in 4 weeks ? (real account)
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 26, 2014 at 20:45
togr posted:Cholipop posted:That's non sense, martingale is risky as hellahuruglica posted:Cholipop posted:
Thank you so much. Yet, the profit of anyone who would of followed me LAST week % wise would of been what was important.
What about those who would followed you on 10-15 august?
Would of been what the graph showed. Yet, the ability to put enough good trades together, instead of having the profits spotted all over the graph, as many equity curves may display. It simply reveals if one sticks to a certain rule, and not allow himself to be over come by what the public thinks, then can you pull off % changes as this.
Although the account was under 100 usd, had any account been attached to it, with the same % management. The accounts would of all profited the same amount of funds. I believe that martingale works, and with complex money management using martingale can a person earn even 3% a day, without risking much funds to begin with.
So is trading with no Stop loss.
So is counter - trading
So is driving a car with/without a seat belt.
Expected risk, compared to your actual risk are two different things. Two things which are in no sense of the word NEARLY the same. With the hopes of sticking to the rules, and money management 4 losses in a row should never occur, before a net profit of 3% a day is earned.
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 26, 2014 at 20:46
ahuruglica posted:
I think this GIF describes best martingales 😁
https://www.myfxbook.com/files/ahuruglica/photo.GIF
Very cute.
forex_trader_136673
Biedrs kopš
852 ieraksti
Aug 26, 2014 at 20:54
What excactly do you call money magement on martingales? I would like to know. Does martingales have no stop loss?
Biedrs kopš
795 ieraksti
Aug 27, 2014 at 02:16
Some martingales do, some like mine are grids with martingale. A simple martingale has a stop loss in order to trigger the next doubled order.
Garry
aka
P53
Garry
aka
P53
Click on my Name to see My Live Charts and Bio.
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 06:37
ahuruglica posted:
What excactly do you call money magement on martingales? I would like to know. Does martingales have no stop loss?
Martingale itself if a form of money management.
The different factors which can cause you to have altered money management between martingaled accounts would be.
1) After a win... Do you increase the initial lot size?
2) At what point do you withdraw any amount of funds from the account which has grown successfully.
3) Do you manage the martingale form of money management within 1 account, or separate accounts.
4) If you have different accounts used to martingale what would be the difference in account value between those accounts.
5) Do you allow the losing accounts to run until margin call, or do you hedge the orders or close them out after the next phase of the martingale wagering is activated.
Those and other questions have to do with martingale and are things which I pretty sure people who JUDGE martingale systems never take into account. They simply say martingale doesnt work because eventually the person margin calls the account, but until understand why the person margin called, will it then not be fare to called it a failed martingale system.
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 06:46
Now as part of money management. What would you do if your account went up over 800%... Wouldn't you withdraw a major portion of it?
forex_trader_136673
Biedrs kopš
852 ieraksti
Aug 27, 2014 at 11:22
(labots Aug 27, 2014 at 11:36)
Chilopo, one more question. Do you call withdrawing fund money management?
forex_trader_136673
Biedrs kopš
852 ieraksti
Aug 27, 2014 at 11:36
Gary, closing one possition to open a new one with double order is not martingale. Also, has nothing to do woth money management too.
According to martingales, doubling the bet without closing the open possition, decreases the average entry and it is needed only a few pips for the price to retrace for the profit. That does not apply to your martingale style.
Also closing the possition to open a new one is not money management. Secont trade is double the risk, third trade is quadriple, and so one... No one is sure than the next trade is a win, there can be consecutive losses. Money management means for every trade same risk is taken in % terms.
Just my opinion, off course.
Regards.
According to martingales, doubling the bet without closing the open possition, decreases the average entry and it is needed only a few pips for the price to retrace for the profit. That does not apply to your martingale style.
Also closing the possition to open a new one is not money management. Secont trade is double the risk, third trade is quadriple, and so one... No one is sure than the next trade is a win, there can be consecutive losses. Money management means for every trade same risk is taken in % terms.
Just my opinion, off course.
Regards.
Biedrs kopš
4862 ieraksti
Aug 27, 2014 at 11:36
(labots Aug 27, 2014 at 11:37)
Cholipop posted:@Cholipop
My goal would be to never lose more then 4 trades in a row. If that could be maintained throughout every trading session it will result in continues growth within the account.
You have nice profits and low DD. Now why do I think it is a scam? It is quite simple you do not send your stats to MFB each 5 minutes by default. You just wait till positions are closed so it never shows huge DD that appears meanwhile and that will for sure kill the whole account. I consider this a cheating. My accounts are updated as often as possible so each 5 minutes. That's how I provide real and solid information so everyone can choose to follow or not. Your accounts are not updated for several hours or even days to hide the real DD.
Biedrs kopš
138 ieraksti
Aug 27, 2014 at 13:59
I sure would. No reason to let all that ride imho.
Biedrs kopš
4862 ieraksti
Aug 27, 2014 at 13:59
ahuruglica posted:@ahuruglica
Gary, closing one possition to open a new one with double order is not martingale. Also, has nothing to do woth money management too.
According to martingales, doubling the bet without closing the open possition, decreases the average entry and it is needed only a few pips for the price to retrace for the profit. That does not apply to your martingale style.
Also closing the possition to open a new one is not money management. Secont trade is double the risk, third trade is quadriple, and so one... No one is sure than the next trade is a win, there can be consecutive losses. Money management means for every trade same risk is taken in % terms.
Just my opinion, off course.
Regards.
back to school. Gary, closing one possition to open a new one with double order is not martingale - This is exactly martingale. You close trade with a loss and open trade twice as big in hope to recover the loss.
Study
Originally, martingale referred to a class of betting strategies that was popular in 18th-century France.[1][2] The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 14:00
ahuruglica posted:
Chilopo, one more question. Do you call withdrawing fund money management?
In fact I do. Excellent question! The reality is protecting your principle, taking money off the table, Reinvesting your earnings in currency in something else. That can all be done via withdrawing, and goes directly into how you manage your next trade. Your exposure, etc
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 14:02
togr posted:Cholipop posted:@Cholipop
My goal would be to never lose more then 4 trades in a row. If that could be maintained throughout every trading session it will result in continues growth within the account.
You have nice profits and low DD. Now why do I think it is a scam? It is quite simple you do not send your stats to MFB each 5 minutes by default. You just wait till positions are closed so it never shows huge DD that appears meanwhile and that will for sure kill the whole account. I consider this a cheating. My accounts are updated as often as possible so each 5 minutes. That's how I provide real and solid information so everyone can choose to follow or not. Your accounts are not updated for several hours or even days to hide the real DD.
I have read that you can actually do it. Yet, if my account updates every 5 mins or not, SHOULD I margin call, it will reveal so once the account updates again. If stats are not shown, you simply have to calculate my % + - per pip, and multiply by Pip - Draw down. Kindly look at every trade and it will reveal how much percent I have given to the market per wager.
Biedrs kopš
4862 ieraksti
Aug 27, 2014 at 14:04
that's BS
It is not easy to go back and calculate DD on your account
That's why MFB statistics update is a good way to measure it
It is not easy to go back and calculate DD on your account
That's why MFB statistics update is a good way to measure it
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 14:05
togr posted:ahuruglica posted:@ahuruglica
Gary, closing one possition to open a new one with double order is not martingale. Also, has nothing to do woth money management too.
According to martingales, doubling the bet without closing the open possition, decreases the average entry and it is needed only a few pips for the price to retrace for the profit. That does not apply to your martingale style.
Also closing the possition to open a new one is not money management. Secont trade is double the risk, third trade is quadriple, and so one... No one is sure than the next trade is a win, there can be consecutive losses. Money management means for every trade same risk is taken in % terms.
Just my opinion, off course.
Regards.
back to school. Gary, closing one possition to open a new one with double order is not martingale - This is exactly martingale. You close trade with a loss and open trade twice as big in hope to recover the loss.
Study
Originally, martingale referred to a class of betting strategies that was popular in 18th-century France.[1][2] The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss
Very good DD sir. +1
forex_trader_136673
Biedrs kopš
852 ieraksti
Aug 27, 2014 at 16:53
(labots Aug 27, 2014 at 17:04)
@togr
You are wrong, I don't mind going back to school if there is something to learn. As a matter of facts there is a lot of things I don't know and I long for knowledge. One thing is for sure, you cant teach me about math. If it makes your ego feel better, feel free to offend me again. But at least have something meaningful to say and stop being a kid.
This is the link about forex martingale strategy from forexop.com (I did not write that) and also the graph from same site. Clearly visible, LOTS ARE NOT CLOSED, they are closed when on profit (16 lots on total).
https://forexop.com/martingale-trading-system-overview/
You are wrong, I don't mind going back to school if there is something to learn. As a matter of facts there is a lot of things I don't know and I long for knowledge. One thing is for sure, you cant teach me about math. If it makes your ego feel better, feel free to offend me again. But at least have something meaningful to say and stop being a kid.
This is the link about forex martingale strategy from forexop.com (I did not write that) and also the graph from same site. Clearly visible, LOTS ARE NOT CLOSED, they are closed when on profit (16 lots on total).
https://forexop.com/martingale-trading-system-overview/
Biedrs kopš
4862 ieraksti
Aug 27, 2014 at 19:28
ahuruglica posted:
@togr
You are wrong, I don't mind going back to school if there is something to learn. As a matter of facts there is a lot of things I don't know and I long for knowledge. One thing is for sure, you cant teach me about math. If it makes your ego feel better, feel free to offend me again. But at least have something meaningful to say and stop being a kid.
This is the link about forex martingale strategy from forexop.com (I did not write that) and also the graph from same site. Clearly visible, LOTS ARE NOT CLOSED, they are closed when on profit (16 lots on total).
https://forexop.com/martingale-trading-system-overview/
This is martingale
Gary, closing one possition to open a new one with double order is not martingale
What you describe
LOTS ARE NOT CLOSED, they are closed when on profit
is martingale as well
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 20:41
togr posted:
that's BS
It is not easy to go back and calculate DD on your account
That's why MFB statistics update is a good way to measure it
Are you sure that it can not? Allow me to show you.
1) Open up my ACCOUNT HISTORY
2) Open a calculator
3) Look at my stat and notice the % change (Lets use Fefeen's account as an example, do you see the last trade. It had a profit of 6.56% on 2.7 pips. Well to find out how much each pip + or - is in % Simple do number 4.
4) Enter in your calculator 6.56 / 2.7 = That will give the result of 2.43 percent of my account is profited or lost with each pip movement.
5) To find out DD% that Myfxbook didn't obtain because account isn't updated every tick would be the next step.
6) The result of 4 2.43 time PIP-DRAWDOWN (Amount of pips you were in red per every single tick in the market, not by update time)
That is how DRAW DOWN% is accurately calculated. The amount of pips any given trade has multiplied by the % of account being risked per pip. :)
I hope you would take the time to study sir! That's a good way of knowing how to use the information provided. Which is why MYFXBOOK rocks!
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 20:42
Profit factor of 755 +
forex_trader_202879
Biedrs kopš
406 ieraksti
Aug 27, 2014 at 20:42
Hello everyone.
I have now updated all 3 accounts. You will see liquidation of one account (that account has had its account balance transferred to EUR and is now known as USD XFERED TO EUR account.
Fefeen account will serve as the first account to be used with martingale, then the other account will set as the martingale net to cover the losses.
Rule still stands that I margin call after 4 straight losses.
I have now updated all 3 accounts. You will see liquidation of one account (that account has had its account balance transferred to EUR and is now known as USD XFERED TO EUR account.
Fefeen account will serve as the first account to be used with martingale, then the other account will set as the martingale net to cover the losses.
Rule still stands that I margin call after 4 straight losses.
