Hello guys, want to share this system with you.
I’m testing this system with a demo account, I’ve called it fedegmail Martingale strategy because it seems a Martingale system. I use 50:1 leverage because it is the best on OANDA, but I think it works better using higher leverage.
Pair: EUR/USD
Time-frame: 5M
Indicator: EMA200
Idea: when price exceeds the EMA200 line by 30 pips (downward or upward), I open a position in the opposite direction of the trend. This is an example:
1st position
stop loss: -90 pips
take profit: +20 pips
units: 1000
risk: 0,38%
If you reach your take profit, you get +0,087%
2nd position - you have to open a second position if the first one is losing 30 pips.
stop loss: -60 pips
take profit: +20 pips
units: 1500
risk: 0,38%
If you reach your take profit, you get +0,088% (+20 pips of the second position and -10 pips of the first position).
3rd position - you have to open a third position if the second one is losing 30 pips.
stop loss: -30 pips
take profit: +20 pips
units: 3900
risk: 0,491%
If you reach your take profit, you get +0,088% (+20 pips of the third position, -10 pips of the second position and -40 pips of the first position).
If you lose all the positions (3) you lose around 1,25% of your account.
I know you have to win around 14 positions to compensate a position that has gone bad… but I’m testing the system for a mounth (I know it requires at least a year) and it seems to reach adequate percentages to face a win/loss ratio of 14/1.
Adjustaments:
- you should not trade when important news are released
- you should close all your trades if price reach the EMA200 line again, even if you’re losing money.
I do not want to convince you that the system works, I just want to try it out and post the results here.
I hope it helps.
Good luck