Always in Profit - Forex Hedged Martingale Strategy - Part 3
In this video tutorial , we are talking about the different use cases of our forex trading strategy.
skype: b.hbigheart
email: bilal_haider032@yahoo.com
Good strategy.I am using it manually from before and giving good results.Exactly opposite on Martingale.Martingale is doomed to fail and blow your account but this one is doomed to win because your losses are very small but wins are big.But you have to calculate lot size properly because you can have 100 or 200 losses before 5,6 wins.At the end of the year you will be in profit for sure ,but some month can be on minus.So if you blow your account it is because your account is small as per your lot size ,not because strategy is bad. Also it is good if total profit is adjusted as per previous losses not as per number of trades.For example if you have loss from previous trades total 30 dollars it is not necessary to wait till 5 trades because you are minus.If you are in plus then you can risk and wait for full 5 trades.Very good strategy!!!
What happens if the market moves in one direction, then retracts just shy of the TP, then moves in the other direction just shy of the TP, and then retracts again and again always shy of hitting the TP? A sort of step wise ramp up (or down). Wouldn't theoretically the losses (assuming a 20 pip / 5 step plan), theoretically go on and on with looses of 10 pips with each reversal....... Shouldn't there be a max limit above the initial "buy" signal where you would automatically get out of the trade to limit the consecutive string of reversal losses. Just my thoughts.
Bilal, I've been trying to contact you. Have you created an EA for this strategy?
Its going very well, very little drawdown, waiting for the EA.It would be a good idea to place your first order manually after a thorough technical analysis and EA to continue the job automatically.Thanks for sharing.
That's sound good, but needs a broker with 0 margin :) I'll try to test it on a real chart to see what can be the possible result
my other question is, do we have to close the other side all the time? i mean do we close 0.01 and open it all the time it goes against us? why don't we let it run :) ----
basically asked what if it KEEPS reversing after reaching 0,08 or 0,16 --- let's say it reverses 4 times from both directions :) but i have the answer mate. it will be 40 loss... but if it finally goes 100pips it will cover.
I am waiting for the EA. will buy it. but please send the demo version to test first :)