Meet Ms Martingale...

Firstly thank you all very much for writing or rather emailing to me personally to try and dig out information about this secret EA that I am currently testing.

But I am not going to tell…. In fact, I am going to give you guys a teaser.

How good is this EA? It is gawd dang good. However, it is not without work. I had to practically monitor it every hour… just to be sure that my drawdown level was healthy…

It was so gawd dang good that I was also caught with my pants down… Martingale is again a dangerous strategy and all efforts are or have to be put in place to ensure that I do not mess up…

Martingale is like a hot red sexy woman… They seduce you with wonderful offerings from heaven.

Once you taste the wonderful fruit from heaven, be sure to take good care of them… if not… You either get slapped, back stabbed, whatever it would take to kick you in the nuts… Never mess with a scornful red hot sexy gal…

Ok.. ok.. sorry I digress… (Looking at Megan Fox just……. ) Where was I again? Oh yeah… the teaser…

Well… here are two graphs which probably might give to you some insight to this EA.

IBFX graph for this week

IBFX, I have actually maintained the same settings that I have used last week and the curve looks really good with a drawdown of 1% …. but for Alpari, I must say I fumble a bit… ok… not a bit but a lot. I was… shall we say too ‘ambitious’

Alpari graph for this week

The two arrows above showed how I kinda got in a margin call. A few of my trades were deleted or closed out because I do not have enough margin…. That is what happened when one got a good thing over your head.

As you can see, I took a hit of close to 400.00… and I must say I was pretty surprise at how I made a quick bounce.

Usually a big hit like me would make me angry and lose hope with regards to this EA and go ‘Hey here I go again… ‘ but in fact I just cut my losses and manage my money again and then rework the EA again.

And what do you know… It is slowly climbing back up again… Yes, I was too ambitious  (or you can call it greedy… )

Now having said that, it could also be due GBP and USD news release of Manufacturing PMI news. This could probably be the reason I was caught with my pants down… Not only was it a volatile period, I do not have enough margin… I mean hey… IBFX account was ok without over exposing myself… So it was kind my mistake.

Well… that is what you would expect from red hot Ms Martingale. Treat her right and don’t go over exposing yourself and one will be rewarded with sweet profits… treat her wrong, and be prepared to get a good whipping!

Non Farm Payroll is going to be announce on Friday… 0030 GMT on Friday… So I guess I will leave Ms Martingale alone and allow her space for her once a month tantrum behavior.

Patience is a virtue

Before I close this post… Sorry for those whom I have not replied without telling… Will do so after this. The reason I want do not want to mention it is because I have a history of shooting myself on the foot.

Most of the time, when I write something good on my blog… the next few days I get fu(ked by the EA or the market. Don’t know if it’s a jinx or not… but the trend seems to be very apparent with me.

In due time… in due time