In the second trade of the live “Double-in-a-Day” forex technique process shared with the free  “Double-in-a-day” Club Expert4x achieved its goal of doubling its trading account in 1 day.

The first transaction was stopped out positively earlier this month.

The Double-in-a-day forex course is free from: Double in a Day . You will note that we used a number of Forex techniques, lots sizing and money management techniques during this trade. We strongly advise that you focus your trading approach on knowing a number of trading systems  and don’t try to use one Forex technique only.

A $5 040 trading account was taken to $ 10 040 in one day. As you can see the initial Sell limit order did not activate which would have decreased the risk.

Details of the transaction:

The initial potential entry was identified using a Financial Turning Point Divergence setup as shown in the chart below. The Expert4x Simple-N-Easy ways of finding turning points in the Forex market also helps with this:

Chart 1

The entry was refined on the 1 minute chart using the support and resistance principles of the Long Candle forex trading course  as shown below. Unfortunately our bounce entry did not activate but the breakout one did (at exactly 10:00 GMT) Please see 7 Simple-N-Easy times to trade the Forex market for reasons why this time is so important. You will also note that we use the multi time frame approach as discussed in the With All the Odds course

 Chart 2

The transaction then followed the process below which is explained further in the Free Double-in-a-Day Course. The details below were sent to the free Double in a Day club. You will note that the lots sizing and adding to the position is predetermined and can be done automatically. This cuts down on emotional decision making while the transaction is active. Because of the fact that stops, targets, following stops etc are preprogrammed our trader went to sleep after the stop was moved to +20 on the initial transaction and woke up to a pleasant result.

Wednesday 8 Feb: European session (sent when the transaction was +10 pips)

•  Lots: 4.0 lots on a $5 040 account
•  Entry      1.5910
•  Stop        1.5940 (30 pips)
•  Target     1.5810 (100 pips)
•  Following stop of 40 pips
•  Move stop to    +1 pip when +10 pips up
•  Move stop to    +20 when +50 pips
•  Risk is 30 pips x 4.0 lots = $ 1 200

Next Pending order Entry

•  Lots:      2.0 lots
•  Entry    1.5860 (50 pips from first entry)
•  Target   1.5810 (50 pips)
•  Stop:      1.5890 (30 pips)
•  No Risk as 4 lots x +20 pips = +$800 and 2 lots x -30 pips = -$600 – Total $ +200

Potential Positive result:

2.0 lots x 50 pips = $ 1 000

4 lots x 100 pips  = $ 4 000

Total                        = $ 5 000

For information on every Expert4x forex technique which could increase your trading account please click on the underlined links in this blog posting.

Results of the first Expert4x Double in a Day Forex trade

On Thursday the 2nd of February the 1st Double in a day trad was entered into.

This was as result all be major currencies giving channel bounce signals at the same time.

Although the transaction worked quite well going +35 pips soon after the entry the price retraced and hit our stop. Part of the transaction management was to move the stop to +1 pip after the transaction reaches +20 pips.

Generally the market volatility has reduced dramatically in the last few weeks resulting in fewer Double in a day trades.

The charts below show some details of the trade:

Actual transaction

Confirming signals from other currencies

Download your Double in a day technique here> Double in a Day

 Expert4x Forex trading challenge produces a Good Vibrations winner

As you may know Expert4x has a weekly Forex trading challenge. During this week the Good Vibrations Forex trading technique was traded in the US Market. The target for the session was 47 pips and this target was reached inspite of an unusually quite Forex Market.

The Good Vibrations strategy rate was revised forthis quite market. Only one currency triggered its entry but the one transaction was enough to make sure that the target was achieved after the target was revised at the end of the 3 hour trading session. One of the advantages of this technique is that targets, following stops, stops and entries can be predetermined making this a very relaxing and easy trading technique. Once the deal has activated there is not much more to do.  That was the case with the successful transaction which was left to mature with a target and  following stop in place.

This brings the success rate to 92.3%. 12 out of 13 live Forex trading challenge sessions have been positive.

Our next Expert4x  trading live weekly Forex trading challenge webinars will be in March 2012. See this link for more details       Forex trading challenge

The table below shows the status when the target for the day was exceeded. The EURGBP transaction later went positive resulting in 4 winning trades and a 56 pip gain.

For more information of the next live Forex trading session please use this link >  Live Forex

For information about the Good Vibrations Forex trading system use this link > GOOD VIBRATION FOREX

For information about Expert4x products, live forex and services click here > EXPERT FOREX

Expert4x presented an open live trading webinar in which a version of the Good Vibrations was traded.

There were 2 winners and one breakeven trade in this slow trading session. The gain was 22 pips.

use was made of clouds and pillow to show how the price bounces off Good Vibrations levels

For more information on the Good Vibrations forex technique please click here> Good Vibrations

For more information on the Expert4x Weekly Forex trading Challenge please click here> Forex Weekly Challenge

Building on previous Double in a day success our trader went for the big kill. Although only 10% of his trading capital was risked using an established method of adding to positions on a NO risk basis a return of 115% was generated for the day. The account balance was doubled from $36 473 to $ 78 538.

For the previous trading day’s results please click here > http://forextradeoftheday.com/expert4x-trader-does-another-double-in-a-day-forex-trade/

This doubling of account balances at this level it can be problematic if noticed by brokers. Many traders therefore use multiple accounts at multiple brokers. This is a good risk spreading and capital management process any way.

Spotting Pivot points in the Forex market takes considerable skill and experience. With sound training in time of day Forex trading principles, by studying what causes turning points in the Forex market and using other methods traders can increase their accuracy considerably and increase Double in a Day confidence.

For more information on the Double in a Day forex strategy click here > Double in a Day 

For confidentiality and other reasons the above chart and account is a reconstruction of the traders forex trading account. Some of the links above are password protected – this will be removed in the next few weeks.

Please read our Forex disclaimer

The Double in a Day Forex trading strategy

The confidence of using dominant angles, pivot plus principles, fundamental analysis, forex information and time of day concepts has again helped our trader boost his Forex trading account using a Double in a Day strategy.

Click here for the previous post >  http://forextradeoftheday.com/pivot-plus-helps-traders-double-in-a-day-forex-trading-strategy/

As these transaction progress risk diminishes more and more and by the time more lots are added to the transaction it is a totally risk free. The trader has nothing to lose and everything to gain. A gamble where you can’t lose.

You need a very strong predetermined money management, risk management and trading strategy to pull these trades off. Experience and a “with the odds in your favour” gambling approach helps with this strategy. Probabilities and statistics strengthen a trader’s confidence. At all times the results of a loss are processed and dealt with before the trade so that the worst result will not come as a surprise or disappointment. It will merely be a cost of this high risk, high reward approach.

The principles used in this type of Double in a Day trading strategy will be available in a free forex trading course in early February. Please watch this blog and your emails for more information.

For more information on the Double in a Day free course please click here>  Double in a Day

For confidentiality and other reasons the above chart and account is a reconstruction of the traders forex trading account. Some of the links above are password protected – this will be removed in the next few weeks.

Please read our Forex disclaimer

Expert4x is one of the few Forex companies which trades its forex technique in live trading webinars. Yesterday was the first 2012 Expert4x Forex weekly challenge live trading webinar produced a winner. It was a very slow day and only one of our pending orders activated. The one transaction was enough for us to pass our challenge goal of 33 pips for this session. We traded the GOOD VIBRATION forex trading technique.

Why Not join us for the next Expert4x Forex weekly live webinar trading challenge

For more information about this weekly trading challenge please visit : Expert4x Forex weekly live webinar trading challenge

The Expert4x No Stop, Hedged, Grid Forex system is a mechanical system that works well in relatively sideways forex markets. It requires skill and experience to select a currency and to determine the grid size, but after that it is very easy.

1. You can start anywhere entering a buy and a sell at the same time
2. When the price reaches the next grid level you cashin the positive transaction and enter another Buy and Sell transaction
3. You cashin all your transactions when the price reaches a grid level and the overall result is positive or breaking even.
4. Repeat

Most traders using this system use no spread commission only brokers to avoid spread complications. Where brokers do not allow hedging traders use 2 seperate trading accounts entering all the sell transactions in one and the buy transactions in the other.

As it is is 100% mechcanical it is best traded using an Expert Advisor.

It is a high risk Forex trading system which can cause big loses if the market starts trending. Under the Expert4x system risk is controlled in that all transactions are closed when the price reaches the 4th grid level from the start to avoid a total disaster. One would only need 6 positive transactions to makeup for any such loss. Cashing in the grid transactions when positive makes it possible to trade this system in a softly trending market.

Below is an example of the GBPUSD being traded using a 140 pip grid size (+/- the Daily Average True Range) over a 15 week period making 1400 pips. This is an example of the Expert4x No Stop, Hedged, Grid Forex system being traded. The results need to be reduced for broker commisions or spreads and overnight holding costs or profits.

The Expert4x No Stop, Hedged, Grid Forex system : GBPUSD

September to November 2011

November to January 2012.

For more details about the grid system and the Expert Advisor follow this link: The Expert4x No Stop, Hedged, Grid Forex system

There are many videos featuring the The Expert4x No Stop, Hedged, Grid Forex system. Search on Forex Grid trading on YouTube.

Pivot Plus helps trader’s double in a day Forex trading strategy

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Doubling Forex Broker account is an exceptional feat. This is even more impressive when it happens in one day and in one transaction.  Please note that this does not happen every day and is not luck. It is as result of a trader combining a number of factors to achieve a favourable outcome. An adapted version of Pivot Plus combined with other Forex trading techniques helped this trader’s double in a day Forex trading strategy

Some of these factors are:

• Using recent fundamental and news information.
• Using time of day trading concepts – more info> TIME OF DAY
• Using risk management and lot sizing – more info> Risk/Money Management
• Using a risk free method of adding to your position
• Knowing when turning points are most likely to occur > Pivot Plus  or Turning Points

Other factors include

• Using the correct type of Forex Broker trading account. See Forex Broker accounts  (currently password protected)
• Using the most appropriate currency cross
• Knowing a lot about technical analysis including concepts such as dominant angles – more info> Long Candle Forex
• and a few more……

The above transaction was achieved risking less that 5% of available trading capital.

The Forex trading account was increased by 135%. One move was traded with 2 transactions. Although Pivot Plus helped this trader’s double in a day Forex trading strategy there is a lot more to achieving these restults

For confidentiality and other reasons the above chart and account is a reconstruction of the traders forex trading account. Some of the links above are password protected – this will be removed in the next few weeks.

Please read our Forex disclaimer

To view results of other trades made by this trader please click on the picture below>