Settings used for the weekly summary of Double in a Day trades

Settings used for the weekly summary of Double in a Day trades

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

 

 

5 thoughts on “Settings used for the weekly summary of Double in a Day trades

  1. Pingback: Double in a Day Forex Trades for the week ended 12 September 2014Double in a Day Forex | Double in a Day Forex

  2. info@expert4x.com

    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.

  3. Chris

    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.

  4. mark

    HI,

    Is it possible to get all of the settings please, as i am still getting errors?

    thanks in advance

  5. Pingback: Double in a Day Trades for the week ended 16 August 2014 | Double in a Day Forex

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