The Sky is the limit
By now you will have read:
Article 1:- http://www.doubleinadayforex.com/forex-broker-account-traded-to-over-1-million-in-a-few-days/
Article 2:- http://www.doubleinadayforex.com/how-you-can-guarantee-6-successful-forex-trades-in-a-row/
Below is article 3
OK. Let’s start getting into the process of making money from 4 to 6 100% guaranteed trades.
4 to 6 guaranteed trades in a row is a very valuable opportunity. The trick is to squeeze every single dollar out of these trades. Maximize your income while you have the opportunity. If you are going to trade 2 or 3 lots on every trade you are going to make some income but you will never do what Sarah did and take $ 3000 to $1 Mil during her precious 6 trades in a row.
It is critical that you squeeze every single dollar out of these trades!!!
By the way, the whole process is very simple. Implementing it however, is hard and difficult and has to be done with military precision, maximum efficiency and concentration. Otherwise you can lose it all. All the boxes need to be ticked 100% for this to work. It is not just a simple EA you plug into your account and come back 2 weeks later 1 Million richer. As you are going to see it takes a high level of perfection to implement this very simple process.
Understanding the principles is not going to work – you need to understand and implement the intricate and minute details. I fully expect that only a handful of traders will have the “AHA”moment at the end of this free series. Some will only get it much later and other maybe never. Most will end up fighting it – find 100’s of reason why they can’t do it. So be it.
So let’s start with the first bit of maths involved
The table below shows the growth in your account relative to the % gain that you can squeeze out of the trades. So the larger your gain on the first deal, the larger your final outcome. Very important.
Sarah’s account her results were:
Extracts from her account
So how do we ensure the highest possible % gain over every transaction?
There are basically 3 ways to ensure the highest % gain.
Broker account selection.
You want every single dollar in your account to be used to generate gains. So you want to select a broker that provides a bonus, low and fixed spreads and very high gearing. We will discuss this in more detail in future articles. You may want to setup direct communication with your broker too.
Topping up successful deals.
You want to squeeze the most out of every successful deal. To do this you could add to your lots on a risk free basis as the deal progresses, this is the process used by the double in a day technique. It is easy to add to the lots on a random basis, but to add to the deal at no risk is quite a trick. What this means is that should the deal be stopped out after your top up you will not lose money. The calculation is automatically done for users of the Double in a Day system. They use a free model which can be downloaded from http://www.doubleinadayforex.com/the-double-in-a-day-excel-model/ – the password is only available to DIAD EA owners
Starting with the maximum possible lots for every transaction
You can find this by trial and error. This means that you need to find the point where you broker gives you an error message that say “Not enough funds in your account for the transaction”. You then decrease the lots until you don’t get the error anymore.
Alternatively, the more professional way would be to calculate that point using the guidance given in the Maximum lot course – Maximum Lot Course
You need to get these aspects “perfectly and optimally” right to have a chance of participating in this 100% guaranteed 4 to 6 trades in a row Forex technique.
I hope you are starting to get a feel of where we are heading on with this technique because we are getting closer to putting it all together.
At this point you should be able to answer the following questions:
- If you have an account of $ 1 000 and you were considering a trade which had a 40 pip stop and each pip was worth $1 – What are the maximum number of lots you could use, ignoring the need to finance margin and spreads?
- If you have an account of $ 1 000 and you were considering a trade of 25 lots which has a 60 target and a 40 stop, what size following stop would you use to ensure you break even at worst, no matter what happens, given that you plan to add 10 lots when the transaction goes 40 pips positive (ignore spreads and margin)?
- Ignoring spreads and margins, assume you have an account of $ 1 000 and you had a successful trade which ran for 60 pips. You started with 25 lots and then added 10 more lots when 40 pips positive. How much is your gain in $ and as a %.
Knowing the answers to these questions are key to moving forward.
Watch you emails for the next article on creating 4 to 6 guaranteed successful transactions
Please leave any questions or comments in the facility provided below.