Quinto Trading Strategy
Quinto trading strategy was developed by Kenyan trader Quinto Mudigo.Quinto Mudigo was struggling to get funded account.Before developing the strategy,he had blown several no deposit bonus account as well as several small accounts.He develop the trading strategy whu trading on his demo account because he had become so much frustrated of loosing several accounts and he wanted to find a way in which he will be trading without loosing money.He wanted to make trading his way of life.He was waiting to get $70 from presearch when he develop his trading strategy.That $70 was the only hope that was going to help him establish his career.Before getting his $70,he decided to write down this trading strategy.Here is how the strategy works;
-In quinto strategy ,you are supposed to risk only 1000pips
-In quinto strategy,you are supposed to apply risk management while opening position
-In quinto strategy,you are supposed to be dealing with one position at a time
-In quinto strategy,you are supposed to deal with a maximum of three positions in the same direction of one pair currency
Here is how you are supposed to enter the market using the quinto strategy
-The first entry position should be 1% of your actual entry size in the market
-If you have entered the market with that 1% size and the market goes against you,then you should re-enter again the market with a 10% of your required size in the market provided that you discover that the market has gain support in the direction in which you had initially entered with a 1% of your required actual size in the market
-If the market goes against you with the 10% entry size of your required actual entry size,then you should re-enter the market again with the required actual size of 100%. in the same direction that the two positions are running provided that you discover again that the market has gain support for that direction
-For,the first entry with 1%,if the market would have gone against you by 50pips,then your lost would be 50pips
-For the second entry with a 10%,if the market goes against you by 50 pips,then the lost for the first entry would be 100pips while for the second entry would be 50 pips
-If for the third entry,the market favours you and you happen to make 10 pips,then you will have fully recovered.This can be done mathematically as followed;
--let say that you have a $100,000 account.With this $100,000,to risk 1000pip,then the maximum position you should enter the market with should be 10lots while the minimum should be 0.1lots.Let say that on your first entry with 0.1lot,the market goes against you by 50 pips making you to loose $50 while on your second entry of 1lot the market goes again against you by 50pips making your first entry loss to increase to 100pips thus it becomes $100 loss while for the second entry it becomes $500 making it a total loss of $600.With your 3rd entry of 10lots,the market decides to favour you thus you make 10pips.This will be $1000 thus when you subtract to the first and second entry,then it becomes a net profit of $400.You should close all positions and you restart your first entry as 1% in the direction of the market And the process continues
- In the event where the market goes against you in your third entry and it happens by 50pips again,then you should apply hedging strategy starting with the second entry followed to that of the third entry
-The hedging strategy should be applied with a pair that is inversely related to the pair that you will be trading.
-The first entry for the hedging should be in the same direction to the direction of the pair you are trading.i.e if you are trading eurusd pair,then you should hedge it with a usdyen pair or usdaud pair
-If the pair for eurusd was a buy position,the pair for usdyen or usdaud should also be a buy
-The first entry of the hedge should also be a 10% of the actual size that you enter.This will be 1lot
-Make sure to enter the hedge position with the best entry
-If the market goes against you with the first entry of the hedge,then you should re-enter the second hedge again with the actual size of 100% which will be 10lot
-Now you will have managed to hedge the second and the third entry
-Wait until you see a positive value
-If there is no positive value and you discover that the hedge has reduced the negative value and that the market is going in the direction in which the three positions which are beeing hedged are moving,that is the positions of eurusd then you can re-enter the market again with the actual size of 100% which will be 10lots.
-If this entry position result to a positive value then you can close all positions and you re-start again your first entry of 1% of your actual size
THIS STRATEGY WAS DEVELOPED BY QUINTO MUDIGO A TRADER FROM KENYA
-In quinto strategy ,you are supposed to risk only 1000pips
-In quinto strategy,you are supposed to apply risk management while opening position
-In quinto strategy,you are supposed to be dealing with one position at a time
-In quinto strategy,you are supposed to deal with a maximum of three positions in the same direction of one pair currency
Here is how you are supposed to enter the market using the quinto strategy
-The first entry position should be 1% of your actual entry size in the market
-If you have entered the market with that 1% size and the market goes against you,then you should re-enter again the market with a 10% of your required size in the market provided that you discover that the market has gain support in the direction in which you had initially entered with a 1% of your required actual size in the market
-If the market goes against you with the 10% entry size of your required actual entry size,then you should re-enter the market again with the required actual size of 100%. in the same direction that the two positions are running provided that you discover again that the market has gain support for that direction
-For,the first entry with 1%,if the market would have gone against you by 50pips,then your lost would be 50pips
-For the second entry with a 10%,if the market goes against you by 50 pips,then the lost for the first entry would be 100pips while for the second entry would be 50 pips
-If for the third entry,the market favours you and you happen to make 10 pips,then you will have fully recovered.This can be done mathematically as followed;
--let say that you have a $100,000 account.With this $100,000,to risk 1000pip,then the maximum position you should enter the market with should be 10lots while the minimum should be 0.1lots.Let say that on your first entry with 0.1lot,the market goes against you by 50 pips making you to loose $50 while on your second entry of 1lot the market goes again against you by 50pips making your first entry loss to increase to 100pips thus it becomes $100 loss while for the second entry it becomes $500 making it a total loss of $600.With your 3rd entry of 10lots,the market decides to favour you thus you make 10pips.This will be $1000 thus when you subtract to the first and second entry,then it becomes a net profit of $400.You should close all positions and you restart your first entry as 1% in the direction of the market And the process continues
- In the event where the market goes against you in your third entry and it happens by 50pips again,then you should apply hedging strategy starting with the second entry followed to that of the third entry
-The hedging strategy should be applied with a pair that is inversely related to the pair that you will be trading.
-The first entry for the hedging should be in the same direction to the direction of the pair you are trading.i.e if you are trading eurusd pair,then you should hedge it with a usdyen pair or usdaud pair
-If the pair for eurusd was a buy position,the pair for usdyen or usdaud should also be a buy
-The first entry of the hedge should also be a 10% of the actual size that you enter.This will be 1lot
-Make sure to enter the hedge position with the best entry
-If the market goes against you with the first entry of the hedge,then you should re-enter the second hedge again with the actual size of 100% which will be 10lot
-Now you will have managed to hedge the second and the third entry
-Wait until you see a positive value
-If there is no positive value and you discover that the hedge has reduced the negative value and that the market is going in the direction in which the three positions which are beeing hedged are moving,that is the positions of eurusd then you can re-enter the market again with the actual size of 100% which will be 10lots.
-If this entry position result to a positive value then you can close all positions and you re-start again your first entry of 1% of your actual size
THIS STRATEGY WAS DEVELOPED BY QUINTO MUDIGO A TRADER FROM KENYA
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