QUOTE Originally Posted by el cid
CLARIFICATION
Take a position long or short ..................if you are long then 10 pips below double your position and go short ....this time take 3 positions 1 to cancel existing position and 2 to double up on the breakout
If position goes against you ...............at 10 pips higher go long 6 positions
continue doubling your breakouts everytime the trade reverses and loses moneY
El Cid
THIS IS A CLARIFICATION
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This is not a martingale,my friends...
..it is an interesting idea..
Systems by el cid,or others ie:ACD system,Asian high low breakout,etc,,related to volatility break out,opening break out have worked very well in the past(in the very long term,short term and actual term
past,and for many liquid assets,so,IMHO,they deserve a close inspection )..what he is just proposing is to "go with the break out/volatility"..ie:in the direction of expected trend,and if it doesn`t profit at first signal,just wait for an opposite signal,close and double position,etc,etc..the concept has value,and if somebody can make a simple EA/template we can test for performance and best settings,specially initial position size..
Correct me el cid if I am mistaken...what I think el cid is implying is that you take a fairtly high % w system(volatility break out) and use the "doubling in direction of NEW trend" to check if we can improve on global profitability..an EA/template for testing his assumption and its limits,will be the right answer for everybody...so,it is not really a martingale..buy 1,buy 2,buy 4..it is more like buy 1,sell 3(net sell 2),buy 6(net buy 4)..etc..IN THE DIRECTION OF expected trend according to volatility..until we hit the jackpot...I think that his idea is very good and worth of testing
My 2 cents..
I remember that Frantacech did a template EA for one of el cid systems,and ,when testing it,and slightly adjusting its parameters,it was very profitable...so,this kind of variation could be even more so..
Linear Mode
