💁 I was just browsing through youtube normally when i came across Parolli betting system. Of course this one applies to Casino, but it could be applied to forex trading just the same. As expected, the video made comparison with Martingle. Actually it is the opposite of it. The thing is Marti increase the lot on losses just to win 1 unit. As we all know without us realising it can spell disaster we know it.
So Parolli is the opposite. What I did not want to realise is that if the trades are good and wins after wins it would increase the money in no time. As always the secret is not to be too greedy and 2nd thing is to have a good winning strategy, at least 4 times win in a row. Let me explain.
Before that lets look at this table
Seq Lot W/L $ $acc
1 1 10 10 10
2 2 10 20 30
3 3 10 30 60
4 6 10 60 120
5 12 10 120 240
6 24 10 240 480
7 48 10 480 960
8 96 10 960 1920
9 192 10 1920 3840
10 384 10 3840 7680
Sorry the allignment may not be that accurate but lets continue anyway.
👺 The Philosophy is this
Increase your trade to the next suggested lot if you win. If you do loose (without considering commission for this calculation) you loose Break Even.
From the table if you win 10 times in row you gain 768X of what you initially put in.
Yeah seem far fetch but if you can do this why not. All there is to gain and nothing to loose - thats the moto.
Now here is a size down version of Parolli taking into mind not to be too greedy or over confident that the trade can win on and on.
Just make increment in 4 consequently winning trades i.e 1,2,3 and 6. If you win by the 4th time you got 12X what you put in and your trade go back to 1.
If you loose you keep on trading with 1. Meaning that if you have loss 12 times in sequence 1 sequential winning like this will break even your losses. Kindda cool isnt it ?
