Hey! Been doing ok...fear got the best of me and I bailed out of my last trade with a loss even though it would have been a winner. So my account is slightly in the red because of my inability to manage my emotions. So right now I'm toying around with a new strategy in demo mode until July 15th, when I will probably go back to trading with real money, and hopefully making more than I was before - I'll keep you posted when I do so!
My broker is awesome! They're not a market maker so there's no games being played, execution is lightning fast, and because they're based and regulated in England I know my money's safe. My broker is LMAX.

any one please explain it to me how is it work this strategy???

A variation of the strategy using a double martingale

This strategy is a bit different but is quite interesting as you still profit when you hit a stop loss! Using the below picture as an example, you would purchase 1 lot (indicated with B1) with the idea that it will rise. But you will also sell 1 lot (at S1, which is the same price as your buy price) at the same time, in case the price goes down. Then follow the diagram. When a martingale stops, the other one takes over. This strategy can earn pips during periods where price is ranging. As your winning transactions only require an additional lot to be put into play, it doesn't really make much of a difference in relation to the other martingale. There is always a risk for the first martingale during ranging periods (flat consolidation periods), but this risk is mitigated by the pips you are earning from the second martingale!

johnedward wrote:

anuj20jain_India wrote:

Dear John, When will you disclose your third/new strategy....

Hey! Well, I'm still testing it, but things look good so far, it's basically the martingale strategy (version 2, in the other thread), except that after the 3rd position goes bad, I just quit in order to avoid getting caught in a range. The benefit of doing this is that you can start off with far larger position sizes. Today I traded two pairs, 1st one hit the TP right off the bat, the other position hit the TP on the 3rd position. In order to win, you need to have at least 7 winning pairs for each pair that loses. I'll post more about this in a few weeks after more testing ;-)

Haha, i`ve been trying something similar to that myself. I was getting tired of always worrying of getting trapped in a range. Although its not working as i thought it would because if you lose once, you`ll need quite a few winners to make up for that 1 lose.

Psyren wrote:

Hey John! it has been some time, how are you doing? are you still trading and if so, what strategy are you using?

Hey Psyren! Yes it has...been doing great (well, a bad cold today to be honest!).

Am still in demo limbo, testing a price action strategy, but despite all my efforts I'm unable to beat the market at this point. Maybe I should just take opposite trades: sell when my strategy says to buy and vice-versa. I'll keep you posted if I ever latch onto something conclusive!

Psyren wrote:

Hello John! Do you by any chance have an EA which closes all positions regardless of them being on - or + if one of them hits its Stop Loss? Because I am tired to see the price turn around right after it triggers only the SLs of my positions.

Hey Psyren! Download these scripts and throw the close all script into your MT4's scripts folder. Then, after you've relaunched MT4, on your left in the navigator window you will have close all as an option in the list of scripts that you have.