Settings used for the weekly summary of Double in a Day trades:
(View “Diad Trades” on the main menu for the weekly trades).
Please note that when the Double in a Day technique is used you do not have to go for 100% gains all the time. So the strategies below show smaller targets.
Also bear in mind that you go not have use all of your account when placing these trades. You can for instance risk 5% of 50% of your account.
Currencies used
The AUDUSD, AUDJPY, GBPUSD, GBPJPY, EURUSD, EURJPY are traded
SETTING 1
Account size $ 4 000
Targeted Gain 105%
Risk 5%
Trend anticipated 130 pips
Initial Stop 20 Pips
Top-up Levels 30% / 50% / 65%
Return on risk 21 times
SETTING 2
Account size $ 4 000
Targeted Gain 105%
Risk 5%
Trend anticipated 110 pips
Initial Stop 17 Pips
Top-up Levels 30% / 50% / 65%
Return on risk 21 times
SETTING 3
Account size $ 3 000
Targeted Gain 72%
Risk 5%
Trend anticipated 85 pips
Initial Stop 14 Pips
Top-up Levels 35% / 65%
Return on risk 14 times
SETTING 4
Account size $ 5 000
Targeted Gain 54%
Risk 5%
Trend anticipated 60 pips
Initial Stop 12 Pips
Top-up Levels 35% / 65%
Return on risk 14 times
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Hi Chris
Thanks for that feedback. You are right you should always use a number and positioning of top-ups that will give you the biggest overall stops. That said moving your initial break-even too close to the level one top up could reduce the overall chances of success of the transaction – watch that.
Hi Alex
On the 85 pip trend, why did you only use 2 top-ups.
If 3 are used, you can drop the risk to 4% with 14-14.5 pip break-evens and top-ups at 35%, 49% and 76% giving return on risk of 18.
Just seeking advice really. Starting to have success following your series of articles and renewed enthusiasm.
I am also putting initial breakeven just below top-up one level to give best chance of a re-entry at a better price if stop hit on first trade (as is usual for me).
Keep up the good work. This EA WILL do what it says on the tin.
HI,
Is it possible to get all of the settings please, as i am still getting errors?
thanks in advance
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