This thread is doing a great dis-service to the community. Do not trade this. I am continuing to illustrate the blow-up to come. All this trade had to do was to go the other way and it would be over very, very soon...There is not any way for this system to know which way the price will go...it should always be in a position that it does not care. The problem now is that the capital has almost doubled and it can survive a little bit longer...but again that monthly chart is proof that there will not be a problem to blow up this system...There is not any way the NAV can keep up with the drawdown to come on a martingale system such as this (on any martingale system). Start Capital: $4,000.00 # of Calendar Days Traded: 39 (Start = 01/15/12) Profit: $3,174.18 Float: $-7.51 NAV: $3,166.67, 79.17% Projected APR: 740.92
Well it maxed out its leverage and could not place anymore trades...so thats all the power it had.... Now that there is more money the next time this happens it has additional trades it can make...but it has occupied so little of the monthly range that it is not enough money if there is a trending move. ES
Is it possible to trade this with two accounts? I know nothing about forex and rules in the US concerning forex margin accounts.
you know...I do not have all the answers...I simply do not know if you could trade this "long only" in one account and "short only" in another account...It is possible to set that in MT4...But if the EA reads anything for the unbalance control...well I do not know... Naturally you would need a quick way to transfer money in and out of the accounts and between the two accounts. If you were really in love with gambling you could trade this manually on Oanda (not MT4 Oanda) and use single unit lotsizes. But you would eventually need to sleep (there is the Oanda API to consider). You simply would run this EA in demo mode and mirror the trades in Oanda. If you were a little off because you were sleeping that could help you or hurt you... But here is the million-dollar question: Why would you want to trade this? ES
ok...Now that I thought about this... If I could trade this in two accounts and do it with the Oanda API on FXTrade...to enable single unit lotsize...yes single unit...that is a lot less than a penny a pip by the way... Well anyways....Yes I would trade this...but I do not know what the investment would be or the yield so I would gradually step into it with 1K and then increase lotsize if needed to get the 30% APR. But how to increase when the trends are so huge in cable?...You need to keep the lotsize small to endure the martingale. Nah...I would not trade this...no way. Sorry for the confusion on my part.. Why don't we watch this blow-up here in this thread ok? and quit tempting me ☺ ES
An update for your viewing pleasure. Adults only. Start Capital: $4,000.00 # of Calendar Days Traded: 45 (Start = 01/15/12) Profit: $3,229.34 Float: $-105.86 NAV: $3,123.48, 78.09% Projected APR: 633.37
See update below...Can this system survive? Will it squeeze the boundary lines so close together it will be invincable?...stay tuned. The dashed line is the profit lock (trailing exit). Start Capital: $4,000.00 # of Calendar Days Traded: 57 (Start = 01/15/12) Profit: $3,501.46 Float: $-48.85 NAV: $3,452.61, 86.31% Projected APR: 552.70
HeHe..You could trade long only in one account and leave the other side turned off...untill you hit a certain loss level...I do not know if that would work...It really would be reinventing the wheel and not the way this martingale is supposed to trade. Any way you cut it...it is a loser, regardless of what this thread is showing thus far. anyway I do not give a ratsa$% as I cannot trade it here in the USA . ES
I want to capture this screenshot below illustrating a price pattern that allows a positive float even when trading between the boundarys. The sells are heavier than the buys in this illustration and the price is on the lower half of the boundary width and at a considerable distance away from an exit. Start Capital: $4,000.00 # of Calendar Days Traded: 58 (Start = 01/15/12) Profit: $3,533.52 Float: $4.91 NAV: $3,538.43, 88.46% Projected APR: 556.69