HOW ACCOUNTS ARE DOUBLED OR EVEN TRIPLED
A Double/Triple in a day trade is one where a trade is identified with the potential of a strong move (+150 pips), and as the trade becomes successful, it is topped up with more trades to increase the lot size of the combined trades so that the total gain of all the trades triples the account.
The diagram below shows an example of the process involving four trades.
1. Enter a trade with a fixed Stop loss and Target.
2. Once the price reaches 35% of the way to the target, add another trade and move the stop for both trades to a level where the results of both trades hitting the common stop will result in a breakeven result. The target for all trades will be the same.
3. Once the price reaches 50% of the way to the target, add another trade and move the stop for all three trades to a level where the results of all three trades hitting the common stop will result in a breakeven result. The target for all trades will be the same.4. Once the price reaches 65% of the way to the target, add another trade and move the stop for all four trades to a level where the results of all four trades hitting the common stop will result in a breakeven result. The target for all trades will be the same.
5. All four trades will reach the target at the same time, and the account will either double or triple.
Note that the process becomes risk-free at the time the 1st top-up is activated. All trades will be closed at breakeven after that.
Although the Double in a Day Robot is automated, it is not a trading robot that finds entries for this technique. It is a trading tool that will manage the top-up process by:
Opening top-up trades per the strategy determined before the time
Calculating and moving the breakeven stops to the levels they should be.
Before a trade is entered into the Double in a Day Robot has a strategy generator. Below is an example of a strategy generated by the Double in a Day Strategy Generator. These strategies are created by trial and error until the margin of Safety (Stops) are a reasonable size and more or less the same. Most Strategies do not work and you have to change your account size and trend size continually until you find one that works.
Below is an example of a Triple your Account strategy created before a trade is entered into
Below is an example of a Double your Account strategy created before a trade is entered into
1. Shows the currency used
2. The direction of trade
3. The method of entry is a market order
4. If the trade fails, it will re-enter
5. The trend size anticipated is 96 pips
6. The size of the account to be used
7. The risk (Stoploss) size is 5% or $50
8. The targeted gain is 102% or $1020
9. The return on risk will be 20.4 times
10. The levels at which the top-ups will occur
11. The Robot calculated the lot sizing that show a gain of $102o for all 4 trades
12. The margin of safety shows the initial and breakeven stop sizes. Balancing these is very important
13. The loss that will happen if the initial trade is stopped out
14. The result if the 2 trade breakeven stopout happens
15. The level from the start of the 1st breakeven stops
16. The level from the start of the 2nd breakeven stops
17. The result of the 2nd breakeven stopout happens
18. The level from the start of the 3rd breakeven stops
19. The result of the 3rd breakeven stopout happens
SO WHAT HAVE WE LEARNT SO FAR:
1. The trader is responsible for finding suitable entries (The EA does NOT do this). So, to use this EA, traders must have experience anticipating high volatility trends.
2. The trader needs to develop several strategies using the Strategy Generator and save them for various trend sizes so that they can be easily accessed and utilised. These are found by trial and error.
3. The Robot will do the difficult part of calculating strategies and implementing them, thus taking emotion and stress out of the process.
● Entering the trade at the price level specified by the trader.
● Placing the initial stop
● Moving the initial stop to breakeven to create a risk free trade
● Adding additional trades using 1, 2 or 3 topup opportunities on a risk free basis
● Moving the stops to a level that guarantees a risk free basis continuously
● Closing all trades when the target for all open trades is reached.
4. This Expert Advisor will allow you to specify:
● How many top up levels you want to use.
● Where you want these levels to be.
● How much of your account you want to risk
● What size initial stop you want to use
● The minimum stop size you want to use
● When the initial break-even stop should activate
● What % gain you want to target (100% to double but you can go for any other % such as 20%)
● Where you want to enter the market and in which direction
● Whether you want to trade continuously or one trade at a time
SO HOW DOES ONE FIND ENTRIES FOR THE DOUBLE IN A DAY ROBOT
As stated, this requires considerable manual trading skill and experience, so Expert4x can not assist in developing this level of competence. Ideas can be gleaned from examining the numerous past successful trades.
In general, trades are found mostly from:
✓ Support & Resistance bounces
✓ Breakout retests
✓ Continuation breakouts
✓ Double tops and double bottoms
✓ Trendline bounces or breakouts
PRO TIP: The Double in a Day Trading Tool is best traded using leverage of 200:1 or 500:1 to create strategies. Do not use leverage lower than that. Additionally, do not create strategies with a margin of safety smaller than 10 pips.
RECENT EXAMPLES OF DOUBLE IN A DAY TRADES
Account doubled: Watch Video below
Account Tripled: Watch Video
DOUBLE IN A DAY COURSE
The Double in a day Expert Advisor comes with a detailed 8 module course on how to use this Forex technique to your best advantage. The modules also contain links to two additional downloadable eBooks on finding high-probability entries.
5 modules cover trading the Double in a Day strategy and technique and the low risk high return long term approach.
3 modules and the 2 eBooks cover ways to enter high probability trades for Double in a Day trading. It will also show you the best times to activate the EA for high probability trades.
Module 3 of the course also has a quick start process and checklist
In the end, it is still the traders responsibility to identify which trading technique to use and to identify trading opportunities. The EA will do the rest from then on.
In addition as an owner of the Double in a Day EA, you will receive this $66 Udemy course for free. Please contact us for the Double in a Day Udemy Course only once you have purchased the Double in a Day EA. For more information about this course please use this link: Udemy Double in a Day Course
SUPPORT
The Double in a Day EA is professionally supported. EAFactory supplies the EA and it has an automated download and update process. They also supply a detailed user guide and email support. A personalised Username and password (1) is used to control the download and upgrade the EA. The EA is download process uses your PayPal email to communicate with you.
The Double in a Day Course and technique is supported by Expert4x using email support. The web based training pages are password (2) controlled – the passwords are supplied in the Expert4x DIAD welcoming email.
WE HAVE AUTOMATED THE TOP-UP PROCESS INTO A TRADING ROBOT
The Double-a-Day EA is a trading tool that is often too complicated for the average trader, so we developed an automated, Set and Forget Robot that uses the Double-in-a-Day concepts using the RSI and Channels
Please watch this video for more details
We have a special offer where you can purchase a bundle of our EAs including the Double in a Day Robot for 80% Discount
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