doubling your account in 1 trade

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    almotaz
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    Normally doubling your account in 1 trade is quite an achievement. That is the purpose of the Double in a Day EA. The 3 trades below were successful DIAD EA trades where 5% of the account was risked to generate 200% return in 1 trade each time. $25 were turned into $1000 in 1 trade using 3 top ups during the transactions.

    For those who own the DIAD EA the following strategy was used. Just change Buy to sell if required. The DIAD EA allows for the use of pending orders which is particularly handy for catching channel spikes when they occur.

    Support and resistance concepts related to Channel trading were used in most cases as Channel trading is one of the few trading techniques that allows traders to capture 100% of a particular move. The first trade used time of day and resistance bounce retest techniques to find a good entry. Lagging indicators result in a loss of 30 percent of the trend due to confirmations required.

    This is a good example of a lucky spike entry when using pending orders

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