Forex buy stop strategy sarah

This information might at the backup bank online with. Help Learn to ACL for that software image to. Close Flag as. And I'm probably 30 to your left to right.

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On the level where you expect the price will continue to move up you open the buy stop order and wait for the price to come. When the price reach that level it will automatically activate and you will have open order. There is no need to sit in front of your computer or smartphone and wait for the price to activate the buy stop order.

Everything will be done automatically. If you shut down your PC or smartphone your buy stop order will still be activated. The reason is that your order is sent to the broker server and your buy stop order details, like entry level , stop loss and take profit level are saved on the server. Those data are not saved on your PC or smartphone so there is no worry they will be cancelled once you turn off your PC or smartphone. Stop loss is very important because you do not want to have buy stop order activated without stop loss.

If the trade becomes a losing trade you want to cut your loss and have the buy stop order closed. If you do not set a stop loss in case when the price is moving against you, you can expect that the price will continue moving in the same direction and you can lose your money. Without stop loss the only level that can close your order is margin call. Margin call will be activated when your account balance loses the majority of the money. That is not something you want to happen to you.

Buy Stop Order Profit Level Profit level is also good to set because if you are not following the market when your buy stop is activated you can expect that the order will close when the price reach target level. Without a profit level set, it can happen that the market continues moving in the right direction and reaches your target level, but it does not close because you did not set take profit level. Then the market can change the direction and reach your stop loss level.

Alex, without some kind of further data, we have little other than your reputation to assure us that Sarah is not simply showing us the winning side of her hedge, and not showing us the equivalent amount of losing trades that she also incurred. All the same, it amounts to at some point making a call that price is going up or down, or that some random strategy seems more successful than another for some reason. In that sense then, it is no different from any other trending or lot sizing strategy that relies on making some sort of subjective judgement call about future trends or price movements replicating recent ones.

If Sarah did manage to pull a profit out of all this, then like all trading methods she must have been relying on some sort of predictive mechanism. Ultimately, no amount of fancy money management will turn a losing strategy in to a winning one. Is there anything you can contribute to help get the ball rolling again? Only the one account that ends up with all the wins. One trading approach to get a single account with 6 straight winners from 64 trades is… Round 1 — 64 trades, 32 each way, 32 win, 32 lose Round 2 — 32 trades previous winners , 16 each way, half win, half lose Round 3 — 16 trades… Round 4 — 8 trades … Round 5 — 4 trades… Round 6 — 2 trades, one wins.

The trick remains of how do you make the winners larger than the losers. Otherwise you still end up with a net break-even minus all the brokerage and spread costs. Maybe the opposite trades, or some other trades eg. DIAD are in profit and used to add leverage. If these trades were the top-up trades which were already covered by the profit of the intial DIAD trades they could be more highly leveraged.

Sounds way too complicated but seems to be the direction this series of articles is heading. Not all are reveled yet Alex want us to think and debate about how it can be done. He have more articles about this that he will present in short time. This is very confusing. Sarah didnt top up anything. Just 40 pips straight targets and stops.

Only variable is number of lots and trades. Getting 6 winnings while hedging is easy, but how did she make money if the losers are the same amount of winnings! Did anybody get it? I m starting to think we r wasting our time in here. The bonuses cannot be withdrawn, they work as extra leverage. In my point of view the only way of succeding os if your TP is larger than your SL on every trade. So I suppose we could have an account setup with pending orders for each possible outcome. So if we wanted to guarantee 2 winning trades, we would need 4 accounts.

One of the 4 accounts should win the 2 trades in a row. If we wanted to guarantee 6 trades in a row, I suppose we would need 1 account for each possible outcome, and that is 64 possible outcomes…. But if you subtract the bonus money you end up with a profit. Maybe if we keep talking about this, brainstorming, Alex may show some mercy and teach us the method?

To make money at BlackJack, two things need to happen. The second thing is that one needs to double down or bet more when the odds are stacked in your favor that you will win the hand, such as when you have an ace, king, queen, jack, or 10, and the dealer is showing a 5. So you enter a buy and sell, one is a loss, one is a win. You then go to the next lot level size on your winning account and hopefully, repeat that 6 times.

Hi , I am now thinking that maybe we have all been thinking that we need to trade a buy and sell at the same time…so we will always have 1 win and 1 lose…. But if we use the example of 64 accounts ….. Then of the 32 …the chances are that 16 of them will be winners …….. I agree. Her account does not show that she was topping up. She just increased lot sizes on the the winning trades. We only see her winning account — not the 63 losers.

Everybody keeps talking about her topping up her trades to get this system to work but if you look at the trading statement, nothing was topped up in this case. Just individual trades with a 40 pip TP. Trades would be placed in a grid system at intervals with varying lot sizes. There would be enough margin. Can virtually start anywhere. Most important thing is how far away to top up, how many lots to add to winning position.

As in Q2 below. You place 2 buy trades an 2 sell trades in 4 accounts with 40 pip stop and 40 pip take profit. I thought the EA was designed not to let you blow account on first trade? I was under the impression the ea took into consideration how much you have in your account to figure the risk and how many times you could try the strategy??? How could I get password and read this? I can not see any topups in her statement, unless it has been edited, but somehow she could have managed lot sizes of all accounts in each stage of the process depending on the price level so that one account ended up with all six winners in a row finally.

If I am not mistaken, the other 63 accounts were wiped out completely each. So there must be a well defined method which is repeatable. That she just got lucky is actually hard to believe given all the calculations involved at each stage.

I have never used MT4 MultiTerminal software before, but, for simplicity reasons, let us consider two accounts and both start with the same lot size trade long and short approach :. What if the lot sizes depend on each other? Theoretically, in the end the winning trade should have two times of its original lot size and the losing trade a lot size of zero. Very Good observation — Yes that software is ideal — deal with multiple trading accounts like a Money Mmanager.

She probably used a broker offering MT4 MultiTerminal trading software. Does this bring us closer to goal? Had the first trade gone much past half way to her SL she would have been margin called. As such, she must have a simultaneous trade in the other direction.

Her TP and SL are always 40 pips, so the only thing that can vary is lot sizing. On this winning account, all profit seems to be reinvested in to the next trade. If she is not fully hedged, then the other accounts with losers in them must be reducing lot sizes on each trade relative to this account. It now makes perfect sense! Calculate the ODDS of 6 successful trades in a row….

Also note that these results were achieved in a relative flat market ranging under pips in the 2 weeks of trading. Please watch the future articles — the answer is infact in the 1st article — Las Vegas gamblers will see it in an instant. No need to put effort into that. It has also been interesting to see how few traders have basic skills of lots size and breakeven stop calculation and have creative forex account usage knowledge.

The bonus however does finance the margin in some cases — that is it biggest use. Yes i think they must top up at some level after 20 pips and then again after 30 pips in winning direction and also move stop to break even. And maybe she try to cut her loose also by moving stop to break even if it moves in her favor some there.

I think it is something like cutting looses and let the winners run and reproduce. Thanks Natalie, yes it is still a very risky trade. How could she top up? Maybe the secret was in scaling lots but dont know how. Thanks for yr time anyway.

It is possible to have 6 guaranteed winning trades in a row. But the hard part and scary part is that if your 1 winning account will offset the losses of 63 losing accounts. Maybe Sarah just got lucky that her 6 winning trades were big winners….. I am not sure how you can guarantee that. So as far as I can see…it is still a very risky trade. Thanks for going over the math Peter. If you open two trades buy and sell say without a stop loss, and wait for the market to move.

When the market moves enough in one direction such that one of the trades have enough gain, close the loosing side and open a new trade on the winning side with enough lots to guarantee that it will be a winning side of trades AND cover the loosing side.

If this can be done it would guarantee a total winning series buys and sells — either a small gain or all the way to the full target. To do this you would probably have to scale down the initial lots, but it would be worth it to continually repeat this process. Hi Natalie, thanks for post. Isnt it too dangerous? I dont get it. I am a newbie but the way I understand it is that your losing trade will be closed when the stop loss is hit. Then you manage the winning trade until you get an exit signal fib level, hammmer-morning star, ma cross etc.

This system only helps you at the initial stages of the trade and gives you the psychological support as there is no prospect of losing big. And yes it is sometimes possible for whipsaws to produce two losing trades concurrently. Yes, I agree, I was doing the same consideration. The average profit per trade of 0.

The moving average trailing stops produced a reasonable return-to-risk score in the day range. For example, a close under the day MA resulted in an average profit per trade of 1. This measured as annualised return divided by maximum drawdown. The key difference is that unlike the usual trailing stops, PSAR continues to move higher even as the stock stays where it is or declines. But with a PSAR stop, the stop loss will move higher even as the stock falls.

Essentially, the stock is penalized for not continuing the trend upwards. If the stock does not keep trending higher, the parabolic SAR will exit the trade. The PSAR indicator is made up of two parameters, acceleration factor and max acceleration. These are usually set up as 0. However, I found these default parameters to be too fast resulting in many whipsaw trades. I decided to test several varations to see which works best.

The following table shows the performance of the PSAR trailing stop with different settings of acceleration factor and max acceleration:. You can see from the table that the Parabolic SAR indicator produced some pretty good return-to-risk scores. This is particularly true for the very small parameters such as 0. This is interesting because the parameters are much smaller than most guidebooks recommend.

The lowest setting acceleration factor: 0. The results shown above provide some answers as to which trailing stop works best when trading stocks. The trailing stop is a very useful exit. It simplifies the process of letting winners run but keeping losses small. This is why they are very popular among traders and in guidebooks.

However, there are some cautions to be aware of as well. The first comes from poor behaviour of the stop order itself. When you use any type of stop with a broker keep an eye on it to make sure it is doing as you expect. Another issue comes from execution. A very tight trailing stop can enter too many trades and rack up high transaction costs. This is particularly true in less liquid stocks where bid:ask spreads are wide and volatility is higher.

You need to make sure to use a trailing stop in the right situation. A small, less liquid stock is not usually a good candidate. These stocks can drop quickly and stop you out on minimal news before moving right back. One of the issues when trading stocks is that exchanges are not open 24 hours. This means any stop orders that you place in the market will not be relevant overnight.

This is another reason why trailing stops need to be considered carefully and are not always good for volatile companies. The past cannot predict the future completely so trailing stops that worked well in the past may not necessarily work as well going forward.

In this article we looked at various types of trailing stops and tested them on 11, US stocks back to July Meanwhile, the Chandelier stop and moving average line produced disappointing results and do not provide much reason to use these methods. These findings support my previous experience and it was no surprise to me that the percentage stop losses performed strongly.

If there is a surprise in these results, it is the decent scores for the Parabolic SAR indicator. The PSAR indicator looks like it has some merit and I intend to test it with my existing trading strategies to see if it improves performance. Article updated: 10 April The data used for this analysis comes from Norgate Data and includes historical constituents and delisted stocks so as to minimize survivorship-bias.

Data also includes dividends, is adjusted for splits and corporate actions and includes transaction costs of 0. Risk-to-return is defined as the annualised return divided by maximum drawdown. Stock charts created in Amibroker. Joe Marwood is an independent trader and the founder of Decoding Markets. He worked as a professional futures trader and has a passion for investing and building mechanical trading strategies. If you are interested in more quantitative trading strategies, investing ideas and tutorials make sure to check out our program Marwood Research.

This post expresses the opinions of the writer and is for information or entertainment purposes only. It is not a recommendation or personalised investment advice. Joe Marwood is not a registered financial advisor or certified analyst. The reader agrees to assume all risk resulting from the application of any of the information provided.

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