Bolgar Strategy - for taking on both sid
Hi!
First of all sorry for my English. I came up with an idea, which I used with real accounts and got interesting results (although these accounts later failed due to lack of suitable MM).
So I'm thinking about price action and it has to be a way to make money with no or minimal effort. Then when I looked at the chart I saw something! (Go and see for yourselves) As we all know, prices can rise, fall, or go sideways.
We don’t know when a trend starts or how long it will last. We only know one thing. Prices will rise or fall. But have you ever counted candles? At some point, there will be more candles in one direction than in the other. The problem was that we didn't know which direction to go in... So I started trading in both directions on the m5 chart (I later destroyed the account, but I got crazy results!) I was trading in both directions every 5 minutes (I know what you are thinking)) one way up (profitable) and the other down (generating negative values). At this point, I closed all my trades in the direction of the trend (usually with profit), but I left the losing side... In the snapshot above, let's pretend that the long trades were all closed with profit, but my sell trades came out hugely negative, but (!) because I always opened a new trade every 5 minutes, eventually when the price started moving sideways, and then we went into the opposite trend, I was able to close all the profitable sell trades! Just because when it started moving sideways, in that range, there were so many trades open that when it started going in my favor, those trades left me with enough money to make a profit, even though there were a lot of negative trades open!
I hope all of you can understand what I'm trying to tell you. Scroll to any timeline, on any currency pair, and you will see that if you start in the wrong direction of the trend and open a new order every time you get a new candle, you can end up winning huge on every losing trade (because of the zigzag movement in price)! When I started this kind of trading, my account was 100 euros (micro account = 10 000 euro cents), which within a few months grew to 3500 euros, with an average monthly profit of 80% (the worst was 20%, the best was 130%)! The leverage is 1:100 and the minimum is 0,1 lots (I know, I was lucky in the beginning). When I go over 200eu I start 0, 2 etc. I do everything manually. It's hard. Because I can't look at the chart every 5 minutes. I didn't quit when I should have, and then my account blew up (because I had so little)... I then tried to understand what was going on and what position size would be best for this strategy. So I started another round using this method. Again it is 100 euros (micro account = 10 000 euro cents), again it is 1:100, again it is 0,1 lot. Now that I'm on the 1 hour chart, things are much better. I reached 300 euros in about 3 months and maintained a lot size of 0,1, but without checking the charts every hour I got stuck again...
Let's look at a real-life example of this strategy (1. Screenshot). After this, work on any time frame and any pairing!
How to participate:
I use the TDI indicator, but RSI can be used instead.
1. The entry point is when the green line in the TDI indicator falls below the 32.00 line and then crosses it. We start placing buy and sell orders simultaneously. We place a buy and sell order every hour (this is a 1 hour chart)!
2. The red line tells us where to start.
3. When the green line of the TDI indicator crosses the 60.00 blue line, we close all buy orders to make a profit.
4. The red line is where we close all buy orders.
Now let's say we don't have time to look at the chart, but the EA issues a new sell order every hour...
5. From this position we can close all sell orders and make a huge profit!
----------
Now assume we are able to check our account every hour. (2. The screenshot looks complicated, but it’s not! )
enter:
1. We have a signal. We both participate.
2. Let’s get to that level.
3. We close all purchases.
4. We close all buys at this level.
5. We receive a new signal and since we have already opened a sell order, we start a new round of buy orders.
6. From this level we also start placing buy orders again.
7. This is a signal that the sell order will be closed if it is profitable (if it is still not profitable, we will wait for another signal where we can check the closing situation)
8. This is the level at which sell orders are closed. (Draw a line there, every sell order above is a profit, and every sell order below the line is a loss)
9. We have a signal to close a long order.
10. This is the level at which we close all long trades. (See where we started long and where we ended)
Look for 2-4 entry and exit lines to buy; 2-8 sell lines; 6-10 buy lines
----------------
So if you do backtesting you will see that the strategy works 100%... Now the questions... 1. We need to put all this into EA.... 2. We need to make a suitable plan for MM. If you are thinking about stop loss then this strategy is wrong idea... I am thinking about something like taking out all the profits every month (because of the big win rate) and putting it aside (if the account gets wiped out again we still have cash to continue) or if anyone has a system for really big trends then it doesn't work for smaller trends or when price moves and combine these two strategies. Or maybe incorporate some scalping strategies (making a basket for when things start to get out of hand). Let’s work together to make this strategy work for us!
First of all sorry for my English. I came up with an idea, which I used with real accounts and got interesting results (although these accounts later failed due to lack of suitable MM).
So I'm thinking about price action and it has to be a way to make money with no or minimal effort. Then when I looked at the chart I saw something! (Go and see for yourselves) As we all know, prices can rise, fall, or go sideways.
We don’t know when a trend starts or how long it will last. We only know one thing. Prices will rise or fall. But have you ever counted candles? At some point, there will be more candles in one direction than in the other. The problem was that we didn't know which direction to go in... So I started trading in both directions on the m5 chart (I later destroyed the account, but I got crazy results!) I was trading in both directions every 5 minutes (I know what you are thinking)) one way up (profitable) and the other down (generating negative values). At this point, I closed all my trades in the direction of the trend (usually with profit), but I left the losing side... In the snapshot above, let's pretend that the long trades were all closed with profit, but my sell trades came out hugely negative, but (!) because I always opened a new trade every 5 minutes, eventually when the price started moving sideways, and then we went into the opposite trend, I was able to close all the profitable sell trades! Just because when it started moving sideways, in that range, there were so many trades open that when it started going in my favor, those trades left me with enough money to make a profit, even though there were a lot of negative trades open!
I hope all of you can understand what I'm trying to tell you. Scroll to any timeline, on any currency pair, and you will see that if you start in the wrong direction of the trend and open a new order every time you get a new candle, you can end up winning huge on every losing trade (because of the zigzag movement in price)! When I started this kind of trading, my account was 100 euros (micro account = 10 000 euro cents), which within a few months grew to 3500 euros, with an average monthly profit of 80% (the worst was 20%, the best was 130%)! The leverage is 1:100 and the minimum is 0,1 lots (I know, I was lucky in the beginning). When I go over 200eu I start 0, 2 etc. I do everything manually. It's hard. Because I can't look at the chart every 5 minutes. I didn't quit when I should have, and then my account blew up (because I had so little)... I then tried to understand what was going on and what position size would be best for this strategy. So I started another round using this method. Again it is 100 euros (micro account = 10 000 euro cents), again it is 1:100, again it is 0,1 lot. Now that I'm on the 1 hour chart, things are much better. I reached 300 euros in about 3 months and maintained a lot size of 0,1, but without checking the charts every hour I got stuck again...
Let's look at a real-life example of this strategy (1. Screenshot). After this, work on any time frame and any pairing!
How to participate:
I use the TDI indicator, but RSI can be used instead.
1. The entry point is when the green line in the TDI indicator falls below the 32.00 line and then crosses it. We start placing buy and sell orders simultaneously. We place a buy and sell order every hour (this is a 1 hour chart)!
2. The red line tells us where to start.
3. When the green line of the TDI indicator crosses the 60.00 blue line, we close all buy orders to make a profit.
4. The red line is where we close all buy orders.
Now let's say we don't have time to look at the chart, but the EA issues a new sell order every hour...
5. From this position we can close all sell orders and make a huge profit!
----------
Now assume we are able to check our account every hour. (2. The screenshot looks complicated, but it’s not! )
enter:
1. We have a signal. We both participate.
2. Let’s get to that level.
3. We close all purchases.
4. We close all buys at this level.
5. We receive a new signal and since we have already opened a sell order, we start a new round of buy orders.
6. From this level we also start placing buy orders again.
7. This is a signal that the sell order will be closed if it is profitable (if it is still not profitable, we will wait for another signal where we can check the closing situation)
8. This is the level at which sell orders are closed. (Draw a line there, every sell order above is a profit, and every sell order below the line is a loss)
9. We have a signal to close a long order.
10. This is the level at which we close all long trades. (See where we started long and where we ended)
Look for 2-4 entry and exit lines to buy; 2-8 sell lines; 6-10 buy lines
----------------
So if you do backtesting you will see that the strategy works 100%... Now the questions... 1. We need to put all this into EA.... 2. We need to make a suitable plan for MM. If you are thinking about stop loss then this strategy is wrong idea... I am thinking about something like taking out all the profits every month (because of the big win rate) and putting it aside (if the account gets wiped out again we still have cash to continue) or if anyone has a system for really big trends then it doesn't work for smaller trends or when price moves and combine these two strategies. Or maybe incorporate some scalping strategies (making a basket for when things start to get out of hand). Let’s work together to make this strategy work for us!
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