How would you survive in XAUUSD like volatility? 28Feb2020

If you keep gold on hold using Martingle you will have unlimited risk

like WHAT HAPPENED WITH GOLD ON 28th FEB, YESTERDAY

IF YOU BUY GOLD with MARTINGEL starting with 0.1 lot
GOLD Low traded 1560

@ 1635 with 0.1 lot =
1635- 1560 = 75 x 10 = $750 Loss

@ 1630 with 0.2 lot =
1630 – 1560 = 70 x 20 = $1400 Loss

@ 1625 with 0.4 lot =
1625 – 1560 = 65 x 40 = $2600 Loss

@ 1620 with 0.8 lot =
1620 – 1560 = 60 x 80 = $4800 Loss

@ 1615 with 1.6 lot =
1615 – 1560 = 55 x 160 = $8800 Loss

@ 1610 with 3.2 lot =
1610 – 1560 = 50 x 320 = $16000 Loss

@ 1605 with 6.4 lot =
1605 – 1560 = 45 x 640 = $28800 Loss

@ 1600 with 12.8 lot
1600 – 1560 = 40 x 1280 = $51200 Loss

@ 1595 with 25.6 lot
1595 – 1560 = 35 x 2560 = $89600 Loss

@ 1590 with 51.2 lot
1590 – 1560 = 30 x 5120 = $153600 loss

@ 1585 with 102.4 lot
1585 – 1560 = 25 x 10240 = $256000 loss

@ 1580 with 204.8 lot
1580 – 1560 = 20 x 20480 = $409600 loss

@ 1575 with 409.6 lot
1575 – 1560 = 15 x 40960 = $614400 loss

(ONly few brokers allow 500 lots in GOLD, FBS is one of them. most brokers allow only 100 lots)

Total LOSS = $1.63 Million USD
Requires 2 Million USD Capital to Trade this

1635 Entry with 1 lot
SL HIT @ 1630 = 5 point SL = $500 LOSS

1620 Entry with 1 lot
SL HIT @ 1615 = 5 point SL = $500 LOSS

1605 Entry with 2 lots
SL HIT @ 1600 = 5 point SL = $1000 LOSS

1590 Entry with 2 lots
SL HIT @ 1585 = 5 point SL = $1000 LOSS

1575 Entry with 4 lots
SL HIT @ 1570 = 5 point SL = $2000 LOSS

1560 ENTRY with 4 lots = 1594 traded
34 Points in @ 4 lots $13600

Gross LOSS = $5000 USD
Gross PROFIT = $13600 USD

NET GAIN = $8600
Total Capital Required = $10000
Risk of Capital = 50% on worst condition
which happened 28th FEB 2020 Friday.

Watch This Video

https://youtu.be/vRdkKAaaXwc