" maybe " they SL with their account balance?

their account were 10k

they put 1k in trading account

if big lose = 10% lose`

Same as stock investing - invest in 10stock , if 1 stock go 0 = 10% lose

When got profit they keep take out from the account to maintain the amount they risk to lose

Since when you bought GJ , seem no idea when consolidation end , do you have way to calculate when consolidation end

Ahh make sense, I kinda like this style but only if I have 10k to play with

Haha. Keluar sebatang candle panjang. Mereput sana.

Take your profit and let your losses run

Build up your position. Set how much TP you want let say 15pips, bank in the profits, don't set fixed SL and let your losses run

Here is that catch, how much drawdown you can tolerate? 20% or 30% or 50%. Take 30%. If your drawdown more than 30%, start cut losing positions. Let say u have 3 buy eurusd all floating loss, cut 1 position.

Keep on building your positions and keep on managing your drawdown. If losses become profit 15 pips, bank it

In order to do this, don't undercapitalised and overtrading
Some newbies want to turn $100 into $1000 in 1 month

Build up your positions, I suggest not more than 10 positions at once, take profit 15-20 pips. Let your loss run, some will turn to profit some will turn bad. Start cutting your losing positions after drawdown more than 30%

Did I mentioned any indicators? Coz u don't need one. This is purely money management. The indicator is your equity.

No idea when its gonna move.... just need to be ready.

By building up position u mean that u will keep adding more positions apart from the existing one to catch the chart
up or down movement while gradually eliminating the losing positions right?

That's sure sounds like an advance scalping technique there.

Eventho, it's very engaging & mentally straining for any newbs to attempt to
as it needs the nerve of steel, split second decision making & deep understanding of market flow

Anyway, congratulations for finding your own trading style that truly reflect yourself

not adding positions to a losing position
if ur signal show EU sell.. u sell, show GJ buy.. u buy, show AU buy..u buy.. and so on
keep maximum open position to 10. more than 10 you may have problem managing it
Take profit 10-15 pips per trade, no stop loss. If DD more than 30%, start cutting your loss.. but at the same time keep adding position when your indicator produce signal

You will see your profits start to piling up and meanwhile your DD at safe below 30%

scalping is taking 3-5 pips per trade. 15-20 pips is daytrading

i disagree with mentally straining. this kind of trading is very relax and stressful.
what stressful is when you set tight stop loss then it get hit, then market move into your direction..
but you are already loss because u set tight SL.. haha (MARKET laugh at you)

---warning & disclaimer---
* this posting is for general knowledge only
*im not responsible for anything
* this method is banned by almost all brokers
* THIS IS NOT AN ENCOURAGEMENT FOR ANY NEWBIES TO TRY ON LIVE ACCOUNT.
----------------------------------------------
History
----------------------------------------------
some groups of traders in indonesia begin this method back in 2008 when russian brokers started SPOILING THE REAL FX industry by giving Bonus that supported margin during trading drawdown. brought into malaysia by traders from eastcoast and slowly make its way all over malaysia.
it was kept secret until intelfx went under due to this "abusive" of bonus. EVEN NOW SOME TRADERS ARE STILL USING THIS METHOD. (im not responsible for anything, just sharing for general knowledge)

1. Assuming we pick NFP with average spike and movement of 50pips. it will take place next week.
2.Account A is 1000. account B is 1000. both getting bonus 50% and hence both has 1500 margin, and remember we have some small trades running which might take few dollars off the margin.
3.expected movement is 50 pips. we need to calculate what is the lot size that will make one of the account go bust in 50 pips for equity of 1500usd.
leverage of the account is 1:500
SO level is 10% of margin use.
means for every 1standard lot EURUSD, margin use is 200.
10% of 200 is 20usd.

10% margin call level and 20% stop-out level. Your balance is $1500 and you open a trading position with $400 margin = 2standard Lot. 10% of the margin is $40. If the loss on a position reaches $1460, your account equity becomes $1500 — $1460 = $40, which is 10% of your used margin, the stop-out level will be triggered and the broker will automatically close your losing position.

How many pips is 1450 for 2lots?
each pips worth $20 hence it will take 72.5pips to get to SO.... we need bigger lot.

for 3lot, margin use is 600 and 10% is 60usd.
max equity floating = 1500-60 = 1440.
each pip worth $30 hence it will take 48pip to StopOut.
now we need to calculate Take Profit.
Place the BUY and SELL at the same time.

take note of entry price.
Sell Price will take BID price and we need to include spread for TP.
Buy will take ASK price and we can use price appear on the chart (BID)

example Buy at 1.0500, add 48 pips become 1.0548. thats the TP.
Sell at 1.04980 (BID price no spread),deduct (48 pips + 2 pips spread) = 1.04480

(credit lukpayat)

This post has been edited by Johnhun: Apr 9 2017, 02:03 PM


Attached thumbnail(s)

looks good in theory but it doesnt work. it may work with luck
your account A and B can get both wiped out

this strategy they get from sports betting called "bonus bagging" its only works in sports betting
if you want to do arbitrage trading.. they are many business out there you can do arbitrage with success, but not between forex brokers
its either your both account wiped out or brokers found out pretty fast
trust me i want to apply "bonus bagging" in forex industry but i dumped it, too much risk and restrictions from brokers

Atleast please credit the owner of the picture and the post.

This post has been edited by demolationz: Apr 8 2017, 10:37 PM

how about gold trade next week? any view?

Very interesting....this method was not really told in the books or in forums.

btw, how do you enter position? by instant exec or limit order?

Actually, its from the experience. Sometimes, I'm lazy enough. Took 30 mins trade and achieve my daily target would be enough. Go outside and mamak

1258.02 // 1246.42 which one hit first.

As suggested, I used another email to register again.
However I have received an email from them to my old account as follow:

Your account has been temporarily disabled because NETELLER has detected a similar account profile within the system.

You will be unable to deposit, withdraw or spend while your account remains disabled.

The next time you sign in to your account, you will receive instructions on how to reactivate your account.

If you feel you have received this email in error please contact NETELLER support immediately.

NETELLER


What should I do? Just ignore it and start using my new account?

"EA" open instant order and set TP.. the floating DD i manage it myself. not a day it can reach 30% DD

I'm still very new to trading, I'm trading via FXPrimus. I made two withdrawals recently, one was sent through my CC without any hassle. However the other one was sent to my Debit card. Withdrawal was made on the 4th and I'm yet to see money in my bank account. By the way it's a CIMB debit card. Help?

This post has been edited by B747-4H6: Apr 10 2017, 03:05 PM

How long the WD still pending?

Do you guys always write down anything observed or have a trading journal?

i try to stick with a proper plan but sometimes when on the go it's hard to do that..lol. plus i only use my mobile for trading...easy to monitor.