First trade for verification purposes, not part of system.

I am unable to open a ECN demo under 50k so I will be reducing the risk percent from 20% to 10% as at around 100k the account will cap out at 50 lots and I want to avoid that for a while because when the cap is hit it inherently reduces both profit % and risk %.

For the moment, the EA is not active. There are some serious spread issues due to market volatility, some pairs are trading at 3x their usual spread. This directly affects the profitability of the EA.

This is the last demo account to test this EA before I go LIVE.

25 lots traded on a 50K account?? How long are u in the business? Have u ever traded live in this way???

Just double checked... that 25 lots was assuming a 20% risk, not 10% risk... I had reduced it from 20% to 10% after that trade opened realizing Ill hit my 50 lot cap to fast.

To each his own I suppose. I dont mind loosing 20% of my account or even 100% of it. I would rather go balls-to-the-wall than trade scared.

You didnt see the earlier accounts I posted here, the last one had a 400% profit in about 2.5 weeks. The system is designed to survive 3 losses in a row, the 4th recoups those losses and makes a profit usually (precluding friday close). On top of it, trading 4 pairs at the same time further reduces the overall risk.

Ive been a forex investor for a little over a year now. I am not here to retire when im 65 and can no longer enjoy having money. Im here to retire by the time I hit 35 which is just a little more than 1 year from now for me.

I recently went from 6k in September to 15k in October using some of the same strategy and starting next month I plan on using this new revised version.

Think of it like this 3 losses = 10 8 6.4 5.12 whereas 3 wins = 10 16 25.6 40.96... so even if I do have 3 losses in a row, a rarity, that 5.12 can turn into 8.19 13.11 20.97.

The funny thing is, thats with 55% win rate.. and ive recently found a way to increase the win rate to 85% which resulted in 490k in 6 weeks.

I understand that the typical investor needs to stick at 2 or 3% risk... but Im not married, I have no children, and I have nothing else to do with my money so why not.

With any luck, a couple months from now youll be silently calling me a lucky bastard :)

I added GBPJPY yesterday and EURGBP today.

EURGBP has been experiencing some significant range drops over the last year and especially lately which has made it difficult to work with, so it wont open trades very often, maybe once a week, but should have 90-100% win rate.

On a side note, everything has changed over the last year. GBPJPY this time last year had daily ranges at 350 pips, now it barely makes 220 pips. EURJPY this tiem last year had daily ranges at 320 pips, now were at 180 pips. EURGBP this time last year had daily ranges in the 150 pip range, and now were at a pathetic 80 pips.

My research has show that scaling your TP and SL with ATR helps this system alot, so for now, I am doing weekly studies manually and adjusting SL/TP accordingly.