hello all…
i found out iforex protected account from another babypips thread and came up this strategy.
here it goes
I open up 2 protected account start with 100 dollars in both accounts�. I can have max 10000 open position.
Account #1: long GBP/JPY at 8-10k
Account #2: short GBP/JPY at 8-10K
Profit Limit on both accounts is 500pip
Stop limit is not needed�
I �bet�, or for lack of a better word, during the 2 weeks 10 day trading
period, gdp/jpy is capable of moving 500 pips to either direction. Therefore,
one account is going to hit 500 pip profits so the other one will lose 500 pips
If one pip is around $8.946usd at 100k, 10k will be at 0.8946 USD
Winning account: +500pips x 0.8946 = +447 dollars
Losing account: -500pips = -100 dollars
The end I�m going home with $347� I started with 200
73% return
Worst scenario is whipsaws, I could lose max 200 if two pairs ended up at where I started after 2 weeks� but that�s highly unlikely because gbp/jpy is most unstable pair, it can move up/down 300pips a day not to mention during the 2 weeks period.
i could lower the risk of whipsaw by pull back the profit limit is 500pip move is too much.
450 pips = 50% return
400 pips = 29% return
350 pip = 6.5% return
i need your advices on this… thank you and have a good new year eve