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Hey compulsive, Took a quick look at the link. Seems at first sight interesting stuff on the psychological side of trading. Will read it more carefully now...

I don't know if other brokers use the same lot sizes but at IBFX one lot in a mini account is $10.000,00. 0,01 lot means a $100,00 contract. On EURUSD, this would win/lose $0,01 (one cent) for each pip up/down. In the MT4 platform, you hit F9 and choose 0,01 lot.

I forgot to mention: 1% a week is not that bad. I think it compounds a very reasonable return. I have another account managed by a professional that till now is very far below this.

Thank you for your serious advise. But I am trying to prove statistically in a small account that a certain trade plan may consistently win in the long run. If I get it small, I will scale up gradually. You can get used to numbers of any size. I remember when I used to get sick before placing a...

Thank you for your input. I like to see anything from all points of view.

I will not go bigger than a McDonald's employee unless that 1% survives the test of time. Statistics on live results in the only thing that matters. The size of the account is not important. If your account is 100 time bigger your lots may be 100 times bigger. That's all.

No magic at all. But martingale profits nicely in choppy markets. I have seen that live. Their enemy is a strong trend. If you don't go against the big trends you are safe.

What you said applies perfectly to blind doubling. But you have the trend to look at. If you never goes heavy against it, volatility will be your friend too. Buy low, sell high, buy lower, sell higher... Bill gates would put the whole market in his pocket...:eek: :confused: :D

To pyramide in both directions at the same time would deliver big profit in sideways markets. But when the market breaks out and begins to trend your negative positions will turn into a nightmare if the pullbacks are not enough to allow you to close them. You may take the losses before they grow...

Suppose it were 75/25% with 2 events. The probability of 2 losses in a row would be 0.25 x 0.25 = 6.25%. Now suppose it were 1 million events. I don't know exactly how to calculate, but the probability of 2 losses in a row would be very close to 100%.

Completely agree. I do my best to not bother much about intraday moves (time frames from M1 to H4), trying to stick with D1 to MN trends. Don't go against a strong trend and I am always ready to change side if the trend clearly changes. 300 pips against me take me down USD 30,00. Perfectly...

Your math apllies perfectly to coin tosses and probably to constant step grid blind entries. No matter the grid settings. All you said is correct. But market opens a wide range of possibilities. When you keep a close eye in the main trend (don't care about short term volatility, stick to the...

If market keeps going against me I will take that as a market reversal and will not double up anymore. I will take the loss while it is small and if there is a new trend I will jump in it. There probably will be losses during market turns. I experienced one recently. But the numbers suggest that...

I don't know it at first hand. It is not very simple. Somebody probably knows.

Hey, this is not correct. If it were 7500 times, according to this formula the probability would be 187,50%. Nonsense. It is not so simple.

0.05 x 0.05 of losing twice 0.05 x 0.05 x 0.05 of losing three times etc. But you have to take into account how much you win and how much you lose each time.

What I most like in forex is the absolute control of the risk. It ranges from zero (demo accounts) to "infinite" (you may blow up your entire account in minutes). Besides, no matter if you trade USD 0,01 or 1M. The cost is the same. You are not fooled into trading big under transaction costs...

With bullet-proof I mean it will not blow up the account as blind bi-directional martingales do. The safety locks are: 1) Stick with the trend; 2) monitor the trend for reversals; 3) begin small. Losses will be kept small too. Profits are not so small at it may seem at first sight (0.5 to 2% a...

:p :p Be careful. Never martingale against a strong trending market.

You are with the trend, so there is no need to hurry out. I let a profit target at a point when I think the market would be too stretched and a short term reversal is expected. I monitor the trend all the time and if I feel the target seems unrealistic I change it (up or down). I don't try to...