When you read about the Forex Market, the most two advice you get is to use a proper money-management, and to accept with a little profit and not greedy. Else the Market will take your money and you get out of the game.
And then the rest of the instruction you will get about the technical and fundamental analysis, and how you have to find your own strategy that have to be unique for your own trading style.
Well, someone like me that can't benefit from the amazing technical analysis, or the other tools, I have decided to hold on to the first two advices as a safe approach. So I want to hedge the market as follows:
Open the trading terminal with a 10000$ account. I go short and long with 0.1 so I have 10000 pips before I can be margin-called. My TP is 200 pips for each trade. I trade again same trade that have hit the TP every time I have a 200 pull back. That mean if I take the first TP I will wait with my drodown that was because of my first trade and not doing anything if the market keep going against it without any pullback of 200 pips. So if I have -600 pips and then the market go back to the -400, here I will trade same trade again. So if the market get back to the -600 pips, I will again take 200 pips as a TP and wait again. But if the market keep going back until breakeven for my first position, then I will close it, and wait again for a 200 pips pull back.
This hopefully will continue to do this twice or thrice in a month, so I can take some profit to add to my balance, and then withdraw whenever they become acceptable profits that can be withdrawn.
And of course I will hold on to my drodown, but because I have 10000 pips I will not be worried about a margincall. I have read about 16 years of historical data to several pairs, and found out that in many years the pair bearly will move 4000 or 6000 pips. So Don't you think with this I will manage to profit 30-50% every years so in the hope of 4 years trading I will get out with my capital plus 120-200%, and this is in itself accomplishment for me since I am not doing any kind of analysis. I am just investing my money.
I have wrote different topics about other ideas I have had a very little success with, but with this one, don't you think that the success is somehow garanteed due to the strict money-management I am using?
And don't you think this is a very simple idea that can be coded easier than all my previous ideas?
For example I posted this idea with very limited success.
https://www.forexfactory.com/thread/post/13885095
I hope you will tell me if any EA is exist to do this task, or if any here in the community that will help coding this for me I will really be thankful and appreciate the efforts he-she will put in coding this.
This idea is of course better done manually, but I need an EA just for the backtesting purposes to find out a proximit profits and drodown.
And then the rest of the instruction you will get about the technical and fundamental analysis, and how you have to find your own strategy that have to be unique for your own trading style.
Well, someone like me that can't benefit from the amazing technical analysis, or the other tools, I have decided to hold on to the first two advices as a safe approach. So I want to hedge the market as follows:
Open the trading terminal with a 10000$ account. I go short and long with 0.1 so I have 10000 pips before I can be margin-called. My TP is 200 pips for each trade. I trade again same trade that have hit the TP every time I have a 200 pull back. That mean if I take the first TP I will wait with my drodown that was because of my first trade and not doing anything if the market keep going against it without any pullback of 200 pips. So if I have -600 pips and then the market go back to the -400, here I will trade same trade again. So if the market get back to the -600 pips, I will again take 200 pips as a TP and wait again. But if the market keep going back until breakeven for my first position, then I will close it, and wait again for a 200 pips pull back.
This hopefully will continue to do this twice or thrice in a month, so I can take some profit to add to my balance, and then withdraw whenever they become acceptable profits that can be withdrawn.
And of course I will hold on to my drodown, but because I have 10000 pips I will not be worried about a margincall. I have read about 16 years of historical data to several pairs, and found out that in many years the pair bearly will move 4000 or 6000 pips. So Don't you think with this I will manage to profit 30-50% every years so in the hope of 4 years trading I will get out with my capital plus 120-200%, and this is in itself accomplishment for me since I am not doing any kind of analysis. I am just investing my money.
I have wrote different topics about other ideas I have had a very little success with, but with this one, don't you think that the success is somehow garanteed due to the strict money-management I am using?
And don't you think this is a very simple idea that can be coded easier than all my previous ideas?
For example I posted this idea with very limited success.
https://www.forexfactory.com/thread/post/13885095
I hope you will tell me if any EA is exist to do this task, or if any here in the community that will help coding this for me I will really be thankful and appreciate the efforts he-she will put in coding this.
This idea is of course better done manually, but I need an EA just for the backtesting purposes to find out a proximit profits and drodown.