If you start so low you'll never get funds. What the point to trade if your outcome is couple bucks per day only?

General idea about that indicator - Heiken Ashi smoothed.
It looks great on history but in real-time testing it is very slow, it can show you all trends but it will do it too late...

Do you realize that if you make only a "couple bucks per day" that you have moved from the 95% who lose in Forex trading to the 5% who win? Most forex traders know that if they can get a system that consistently makes them, on average, a couple bucks per day that they can then increase leverage and capital and soon be making millions.

What indicator would you suggest then?

Hi All, just thought i would drop in a comment here about my blog and the system used on it. http://grailtrading.blogspot.com/

I don't normally bother commenting but ive seen so many visitors come from here that you are obviously interested.

Firstly let me tell you a few facts.

1. i dont have a problem with a 50% drawdown- in fact im happy providing the system does not touch 65%.

2. the bigger the drawdown the better my system works - thats because of a very clever money management strategy which i cannot reveal.

3. at the moment, due to a legal reason, i cannot explain exactly why this last drawdown caused a problem - one thing is for sure it was not the depth of the drawdown - the 50% thing is quite acceptable.

Sometime in the near future i will be posting to the blog exactly why it was a problem and what lessons we learned and the actions taken.

Since Christmas eve the system had 12 winning days on the trot - the drawdown was 415 pips and the recovery 515 pips in 2 weeks.

The project to make 1 million from £10k is still a reality and is still alive - the timescale has changed slightly but then this is a long journey and one worth taking - when a pilot in London boards his plane to go to New York he is off course 90% of the time. Making corrections as he goes along and doing the same things over and over again eventually he reaches his destination.

what i would say to you is don't write this off yet. Many people are talking about the grail experiment and are saying it's over and done - nothing could be further from the truth.

Thanks for your interest forextsd

Using Martingale you can not increase leverage as the price for the 10th order will hit the sky.

I don't want to move to any group of Forex trading, I just want to get enough to leave my job. Couple bucks per day are not enough for that. Increasing leverage you increase risk, probably my level of risk in trading not so high as yours.

If I could know.............................................
Many indicators look great on history, it would be perfect paper backtest, but in real-time test you see as they are too slow or re-paint themself.
Look here - "stella"...i think you will like her
Fantastic indicator, millions on paper backtestand and nothing in real trade.

You even don't need EA to see that - just start any EA in MT in visual mode, put your iindicator and you'll see how it's going.

So I keep walking, looking, thinking...

LOL!
The greatest joke I've ever heard. That system with "clever money management" will show fantastic performance just after margin call.

I gave up my job years ago to trade you arsehole so if anyone is LOL it's me at you. I make more in a day that you do in a year so if you do want to learn how to survive in this game then show some respect for those who have managed it.

There are only a few people on here out of the hundreds that are members who could help you to attain your goal and a lack of respect for them will do you no favors at all.

You talk too much for real trader. Probably you leave the school and use your father's comp to make your funny web-pages. Your words are nothing. Can you prove them? Profitable strategy would be enough.

Hi, timbobo, can you help us to include the Martingale money management in your ea. It might help us to prove in backtesting weither it works or not in doubling the lots each day of any loosing trades.

Here it is updated version with Martingale. Your starting deposit should be 100K.

The second one is Martingale Power - just buying, no any indicators, nothing, just buy-buy-buy with SL=TP=100 and Martingale money management. With starting deposit 100K and lot 1 you could double your money for two last years on JPYUSD and lose everything on EURUSD.

Attached Files

	Heiken Ashi EA.mq4 (2.9 KB, 196 views)
	Martingale Power EA.mq4 (2.3 KB, 162 views)

Martingale Power . Anybody run it in real ac before?, no indicator, no nothing just keep trading ...anyway thnks for your help timbobo, looking at the GBPUSD Heiken indicator trend the 4h time frame was looking very good pattern. I am thinking of why dont we just buy during the blue colour start and stop during the red coming and open the sell order, once the blue coming then closed the sell order then again open the buy arder , if you dont mind can you help me to write such ea please.(with a trailing stop would be much better).

from the trend it shown sometimes it take about 4 days in GBPUSD in the same colour and the pips was more the 100, thats can cover for only some of the wrong order made.