for those who are not sure what i have been playing around with trading strategy previously, these is the previous 2 thread
http://www.trade2win.com/boards/trading-journals/154412-easy-money-cointoss.html
http://www.trade2win.com/boards/trading-journals/154920-easy-money-2-labouchere.html
i admit it.. after a while when start seeing row of stoploss being hit over and over again (although not yet getting margin call) im running out of patient and no longer interested to trade the demo account and just leave it
now today, im here again propose another similar strategy.. and this time it is much easier to navigate the path, i promise, you all can make money!
INTRODUCTION :
- you need 2 demo account
- 1st account i call it.. demo account
- 2nd account i call it money maker account (suppose after a while you test 2nd account with fairly successful, just replace it with live account)
- you need a number generator program (refer attachment)
- Even or Odd Integers Calculator - http://www.tutorcircle.com/even-or-odd-integers-calculator-ca54Plc.html#
and a notepad to keep track the number lot size you have entered
THE STRATEGY
- open number generator program and press number 1, you should see 1 number generated
- enter the number in the even/odd integers calculator
- if it is
odd number = you buy
even number = you sell
rules : TP and SL level always 50 pips, eur/usd pair only due to widely traded market and not easy to manipulate
For eg:
so you got decision if it is buy,
then start enter 0.01 lot size, position buy on demo account
while in the money maker account you enter the OPPOSITE. which is sell
if the 0.01 lot size on demo account hit with stoploss, then your 2nd acc which is money maker acc should hit with takeprofit. if this is the case, you restart demo account from beginning again.. which is lot size 0.01 again
the money maker account also starts from 0.01 for next trade..
if demo account 0.01 lot size hit with TP, your 2nd demo account will hit with SL.. you have to remember thats ok..
THE GOAL
the point of doing such trade is you wanted a row of losses in 1st demo account
which is for eg, 0.01 SL hit, 0.02, sl hit, 0.04 sl hit, 0.08 sl hit, etc..
while you are doing the exact opposite for the 2nd money maker account.. this eventually your 0.01 stoploss.. all will be covered and come out as winner!
to tweak more aggresive strategy, in the money maker account you can use the following lotsize = 0.01, 0.04, 0.16, 0.64, 2.56, 10.24
http://www.trade2win.com/boards/trading-journals/154412-easy-money-cointoss.html
http://www.trade2win.com/boards/trading-journals/154920-easy-money-2-labouchere.html
i admit it.. after a while when start seeing row of stoploss being hit over and over again (although not yet getting margin call) im running out of patient and no longer interested to trade the demo account and just leave it
now today, im here again propose another similar strategy.. and this time it is much easier to navigate the path, i promise, you all can make money!
INTRODUCTION :
- you need 2 demo account
- 1st account i call it.. demo account
- 2nd account i call it money maker account (suppose after a while you test 2nd account with fairly successful, just replace it with live account)
- you need a number generator program (refer attachment)
- Even or Odd Integers Calculator - http://www.tutorcircle.com/even-or-odd-integers-calculator-ca54Plc.html#
and a notepad to keep track the number lot size you have entered
THE STRATEGY
- open number generator program and press number 1, you should see 1 number generated
- enter the number in the even/odd integers calculator
- if it is
odd number = you buy
even number = you sell
rules : TP and SL level always 50 pips, eur/usd pair only due to widely traded market and not easy to manipulate
For eg:
so you got decision if it is buy,
then start enter 0.01 lot size, position buy on demo account
while in the money maker account you enter the OPPOSITE. which is sell
if the 0.01 lot size on demo account hit with stoploss, then your 2nd acc which is money maker acc should hit with takeprofit. if this is the case, you restart demo account from beginning again.. which is lot size 0.01 again
the money maker account also starts from 0.01 for next trade..
if demo account 0.01 lot size hit with TP, your 2nd demo account will hit with SL.. you have to remember thats ok..
THE GOAL
the point of doing such trade is you wanted a row of losses in 1st demo account
which is for eg, 0.01 SL hit, 0.02, sl hit, 0.04 sl hit, 0.08 sl hit, etc..
while you are doing the exact opposite for the 2nd money maker account.. this eventually your 0.01 stoploss.. all will be covered and come out as winner!
to tweak more aggresive strategy, in the money maker account you can use the following lotsize = 0.01, 0.04, 0.16, 0.64, 2.56, 10.24
