Spike,
Go easy on me now :) My reply wasn't wrt to the strategy or how trading should be done overall. It was wrt CT Nie's earlier email posting that he had doubled the account within a single day. Upon scrutinizing the trade statement, i saw that the opening initial order itself was 1 lot for a 5k account, which sure is going to blow the account sooner than never. Therefore, i was just giving my 2 cents to him that the account should be able to hold in the long run with calculated risks and not a wild shot in the dark which gives a 100% return in a day.
I absolutely agree with everything you say, just that it was meant for me though.
Cheers,
Seeni
From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of wackena@bogie-enterprises.com
Sent: Sunday, March 15, 2009 10:15 PM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: Re: [MT_E and I] Stoch Cascade Martingale Scalper Spike2 RESULTS!!
Spike,
Touché
Wackena
On Mar 15, 2009, at 9:43 AM, kevin h wrote:
Seeni
Yes a (martingale strategy), Is a Blackjack betting strategy.
But isn't Forex gambling?
Also as in a casino, Aren't the odds always in the houses favor?
So how is it some people can make a living at this.
I'll tell you how.
1st, You don't bet wildly,
And only when you can minimize, Or keep the odds in your favor.
You place bids, When your indicator warns a reverse is coming.
2nd, Keep your initial bid low enough to be able to ride the storm.
3rd, Place your following bids to be able to cover your previous bids.
4th, Have an exit strategy, Before you ever place the first bid.
5th, And probable the most important.
Never gamble with any money, You can't afford to walk away without.
Spike
--- On Sun, 3/15/09, Seeni J G <seenijg@gmail.com> wrote:
From: Seeni J G <seenijg@gmail.com>
Subject: Re: Re: [MT_E and I] Stoch Cascade Martingale Scalper Spike2 RESULTS!!
To: MetaTrader_Experts_and_Indicators@ yahoogroups. com
Date: Sunday, March 15, 2009, 2:48 AM
Sorry to dampen your spirits but this looks like a run at the casino. Trading first order with 1 lot open size on a 5k account with up to max 8 open orders with a multiplier of 1.5 will easily blow your account, over and over again. I know we are taking calculated risks here to multiply the account but having a go like this without any calculations is a sure recipe for disaster.
IMHO,
Seeni
On Sun, Mar 15, 2009 at 7:14 AM, Ct Nie <ctnie2143@yahoo.com > wrote:
The EA default Stoch_TF = 1
From: CG <tcgs2@yahoo.com > Sent: Sunday, March 15, 2009 12:23:26 AM
Subject: Re: Re: [MT_E and I] Stoch Cascade Martingale Scalper Spike2 RESULTS!!
Looks great! What time frame did you use?
--- On Fri, 3/13/09, Ct Nie <ctnie2143@yahoo. com> wrote:
From: Ct Nie <ctnie2143@yahoo. com>
Subject: Re: Re: [MT_E and I] Stoch Cascade Martingale Scalper Spike2 RESULTS!!
To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
Received: Friday, March 13, 2009, 6:24 PM
Spike & All,My result for today after reboot/reload, the account has double overnight !. Impressive.Cheers
From: Ct Nie <ctnie2143@yahoo. com>
To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
Sent: Friday, March 13, 2009 11:32:12 PM
Subject: Re: Re: [MT_E and I] Stoch Cascade Martingale Scalper Spike2 RESULTS!!
Spike,Minor clarification on timeframe.The EA default is 1 min right (i.e.. Stoch_TF = 1) ?. I viewed the chart with M15 or H1 and assumed there is no effect on EA by doing this coz the EA is not multi TF. Am I correct ?.Best regards
From: nubchai <sbose@ais.net>
To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
Sent: Friday, March 13, 2009 10:51:40 PM
Subject: Fw: Re: [MT_E and I] Stoch Cascade Martingale Scalper Spike2 RESULTS!!
Spike,
Here's another question for you. You're trading the Lonond and US sessions with this ea (5a -5p est)
Why do you skip the Asian session. It's slower but I've noticed the same trending from 20 to 80 on the stoch. Just wondering if there's another reason you don't trade after NY closes.
Thanks!
Sandy
PS My demo went from $5k to $6924 this week. It was actually over $7k but I manually closed some trades this a.m. Cascade is a real winner!
--- In MetaTrader_Experts_ and_Indicators@ yahoogroups. com, anthonycostanzo@ ... wrote:
>
> Spike,
>
> The latest EA you attached is using:
> PIPS 7
> Trades 4
> Multiplier 2.0
>
> However, in your post on 3/12 @ 7:56am you mention the settings should be:
> PIPS 7
> Trades 8
> Multiplier 1.5
>
> The .set files you previously attached also use the 7,8,1.5 settings, so I assume those are the latest.
>
> Can you please clarify the latest settings you are using.
>
> Thanks,
> Anthony
>
>
> ----- Original Message -----
> From: kevin h
> Date: Friday, March 13, 2009 5:36 am
> Subject: Re: Fw: Re: [MT_E and I] Stoch Cascade Martingale Scalper Spike2 RESULTS!!
> To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
>
> > Alex
> >
> > Her you go
> >
> > Spike
> >
> > --- On Thu, 3/12/09, Young Alex wrote:
> > From: Young Alex
> > Subject: Fw: Re: [MT_E and I] Stoch Cascade Martingale Scalper
> > Spike2 RESULTS!!
> > To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
> > Date: Thursday, March 12, 2009, 10:11 PM
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > I sent this earlier but not sure why it was not posted. Lost in
> > cyberspace? LOL!
> >
> > --- On Thu, 3/12/09, Young Alex wrote:
> >
> >
> > From: Young Alex
> > Subject: Re: [MT_E and I] Stoch Cascade Martingale Scalper
> > Spike2 RESULTS!!
> > To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
> > Date: Thursday, March 12, 2009, 8:37 PM
> >
> >
> >
> >
> >
> >
> >
> > Hi Spike,
> >
> > Can you please tell me where I can find these Files?
> >
> > THnks in advance...
> > Al
> >
> > --- On Thu, 3/12/09, kevin h wrote:
> >
> >
> > From: kevin h
> > Subject: [MT_E and I] Stoch Cascade Martingale Scalper Spike2
> > RESULTS!!To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
> > Date: Thursday, March 12, 2009, 7:31 PM
> >
> >
> >
> >
> >
> >
> >
> >
> > I've enclosed my weeks results.
> > And 2 week results.
> > Even after taking a 50% stop Using AccountSentry.
> > I built it back up to almost 13K.
> > This was with no interference, Running from Sunday start
> > to Thursday evening.
> >
> > All in all, This means it has more than quadrupled the account
> > in 2 weeks.
> > And a 50% setting on AccountSentry, Can give you more than
> > enough to get
> > your account back up. Thanks again David.
> >
> > Spike
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
>
--
Take Care & God Bless,
Seeni J G
__._,_.___