quick reminder there to continue viewing expert forex free videos join our channel view our playlists click on the like buttons if you like the videos and share the video using the facilities provided by YouTube now onto today's video everybody Alex deployer from expert Forex and today I'm going to talk about using the grid trained multiplier to double your Forex account yesterday I made a video emphasizing the importance of equity and drawdown on your account now this is a follow-on video on that particular one so if you haven't watched it please go and have a look at it we have we have a channel on our YouTube account that you can view all the grid trend multiplier videos so please visit that channel we also have them listed under the video section on our website ok so let's move on to the subject of today's discussion doubling your account using the grid trend multiplier now yesterday we saw that our equity balance was 5,000 over 5,000 app after 5 weeks of trading there were 5 to 600 now we need to look at the other figures that appear on this particular schedule and one of the ones that we need to look at is the margin in use how much of our account is being used to fund open transactions and if you look over here you're looking at a to 250 roughly and we're looking at just over $2,000 do you use this margin to fund the open deal so if you had a trading account you would need at least two two and a half thousand just to fund the margin luckily we in profit so the profit is in fact funding that but if you had to start out you would must probably want to make provision to fund at least two and a half thousand dollars worth of margin so that's the one thing we need to fund the other thing that we need to fund as we saw yesterday the system does incur a drawdown early in the system and then as the multiplier effect kicks in the drawdown is basically canceled out by the steady growth of cashed in transaction so let's have a look at the charts of those and then if you can remember yes the blue line is your cashed in transaction step down is because I pruned a little bit last week and here's the blue line Chang the cash Dean transactions on the sell account just again to remind you when you were using the non directional grid trading system we open a buy account and a sell account and so the buyer can't just cashes in on every buy opportunity and the sell acknowledge cashes in on every sell opportunity and then a loss which we call the equity line is recorded which is the difference between or it is the open trades the result of open trades and the result of open threads which are the brown lancia and the result of cashed in trades that's the difference between them is essentially the equity so it's basically saying what balance on your account in spite of all of those cashing what is the actual balance on your account if you had to close your account straightaway and you can see early in this particular session it went down to minus 2000 but at the same time because we had a sales transaction cell the cell at that point was roughly 10,000 up so we had a drawdown of a thousand perps at that particular point which is quite normal for this kind of trading technique but as it goes on you'll see you see the the drawdown or the equity line actually rises it's pulled up by this closed line here so essentially we need to also fund the drawn the potential drawdown as that occurs so remember from the previous slide we – and I'll just go back to the priests I we had to fund margin of about two and a half thousand now if we look at this current slide we have to fund a potential drawdown of of 1,000 so effectively at that point there we would say that we would need at least three and a thousand in our account that's looking at the funding requirements on our account now if we then move on so looking at back at this particular strategy how much did we need to have in our count to generate these 5,000 puts so we are saying essentially we needed about two and a half thousand to fund open deals the margin required by open deals obviously if you can get better gearing you can have that in effect you could quarter that amount and you also need to fund your drawdown as that the deals occur now the daughter has we seen it seen it was about ten thousand dollars so we talking about three and a half thousand so based on the facts that I've shown you here let's look at a possible strategy that you could use this is the double your money grid trend multiplier strategy firstly what you would do is you would fund an account with enough capital to finance margin for between 24 and city open trades that's that's the one thing that you need to do and that's that margin that we just saw was funding about 22 open trades so good must probably increase said which I have was of that but that works out to about two and a half thousand dollars if you are using 100 to one and also if you're using one mini lot so two and a half thousand is the number they gonna allow for any drawdown that might occur and yes just a general allowance they say two and a half thousand or two thousand for a drawdown so in total we could have must probably got away with starting the straining activity with a at least $5,000 account two and a half two and then just at 500 for safety so we could have traded until our count was doubled which in fact was the case because we are five thousand and twenty so if we started with five thousand and we would now have doubled our account what you then do is you withdraw your money and you then just let the account run and continue every time it doubles you just draw your money out and you let it run if you get stopped out you just start again so that's the strategy for the the grid trend multiplier you trust the multiplying effect of this particular EA and the hedging effect of having buying a cell count going at the same time you use that to trade this particular technique now again you don't have to trade it on separate accounts we've basically used two accounts to show the different draw downs but you can in fact have this on one account all you need to do is make sure that when you're using the EA that you use different magic numbers for the buys and that different magic number for the sell you can actually trade it on one account so looking back at this particular example we could have started out with five thousand dollars in our account we would have plaintiff to have funded the margin that we needed we would have planned ahead at plenty to fund that roll down that we needed and we would have doubled our account right now because basically one purpose worth one dollar we could now then who are to our $5,000 and leave the balance just to run and the multiplier will just cash in and cash in and cashing all the time now you might say oh well maybe euro yen went through a lucky phase or something like that if you look at all the currencies at the moment euro the power and the euro yen they all trading in fairly reasonable ranges of 350 300 350 so so the ranges that the market is experiencing at the moment if you concerned about the range that your account can manage all you do is increase the grid size a little bit so I use 12 for for this particular exercise if you increase it to 15 or even 20 you will edge a margin or safety in other words you'll be able to cater for a range of maybe 500 bucks and your account will be able to sustain any ups and downs between a 500 foot range so I hope you found this interesting give it some thought it's it's a it's a different philosophy you know early in my career I met a trader who actually use margin calls as stops so he wasn't been he wasn't he would actually trade this kind of technique and he would have maybe five or six accounts and if the one he would trade this technique if it gets topped out not the end of the world he just restarts and real evaluates the situation and rather than putting his whole trading capital of let's say $100,000 in one account and trading at the what he used to do is he split you split them up into small accounts sometimes only $1,000 in one account or or 5,000 dollars and then he would trade this kind of technique so it's not although you you being stopped out of your control unit during a margin call you in terms of your total capital you're not risking everything on on one technique so it takes a bit of a philosophy a type of philosophy but this guy had it and I'm please are handing to him early in my career because it is a very healthy technique to use margin calls as your swaps and because we'll also remember that if you've got a lot of open trades which in this particular case you have the broker will actually refund you the margin that you use you don't lose the margin in a margin call so in in this case let's say we were stopped out we would get to an hour thousand dollars back because that's how much margin would have been used if we're at the point that we got stopped at because I so it's a great technique that's all I can say but you've got to give it a thought you have to change your training philosophy you need to be able to trade with more than one just open it not go and tried on a demo and see how you would have gone using the grid trend multiplier cards okay from me Alex deploy thank you and cheerio bye