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Entourage Discussion
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Jul 28 2012 at 00:22
Well, its the end of the week and Entourage has hit the daily goal of 40.00USD and weekly goal of 200.00USD. I will give an update on the monthly goal if this account survives.
We are facing quite a few issues that make me question the survival of this account: 1. Funding should be at 10,000.00 per 0.01 micro lot 2. Leverage should be at 1 to 500 instead of 1 to 300 3. One Hour late opening on Sunday afternoon, creating price gaps that can affect the money management system stops and take profit levels This account faces many challenges, two can be addressed simply by adding more money to the account. ! believe that a starting balance of 30k can address the leverage and funding issues. 
RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Jul 30 2012 at 02:00
We are starting the week in 1,000.00 in drawdown. If the AUD/USD survives this recent run, I will be replacing it with another pair, reasons listed below.
1. It has underperformend the other pairs in the Entourage by almost half 2. It has sustained drawdown periods that scare the crap out of me and it appears that there is not enough price movement (ups and downs) Will give another update during the London session. RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Jul 30 2012 at 03:25
Keep in mind that this is my own money and a couple of investors, The pain will real if this account dies tonight. We know the risks going in and are willing to accept the outcome. I will post again around midnight. By the way, Where is that extra 1,000.00 that I wired to this account on Thursday?!
RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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Member Since May 15, 2012 247 posts
Dirk (Quick100)
Jul 30 2012 at 04:17
hi,
I love to trade Grid&Martiangale too, but man, when I look to your open trades, your system will fail because of pipstep 30, martiangale style and too much dangerous currencies. The Pain will come soon for your system, sorry... best wishes Dirk |
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Jul 30 2012 at 05:50
Quick100 posted: hi, I love to trade Grid&Martiangale too, but man, when I look to your open trades, your system will fail because of pipstep 30, martiangale style and too much dangerous currencies. The Pain will come soon for your system, sorry... best wishes Dirk Thanks for the comment Quick, I agree with you almost 100% RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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Member Since May 15, 2012 247 posts
Dirk (Quick100)
Jul 30 2012 at 06:01
Entourage,
a few hints for you perhaps makin your system mor stable... a) dont be greedy, use one pair only b) analyze the waves high/low from h4 then within smaller tf c) this will give you desired pipstep d) dont let martiangale double lotsize with 2nd trade, too dangerous hope this helps Dirk |
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Jul 30 2012 at 19:27
Quick100 posted: Entourage, a few hints for you perhaps makin your system mor stable... a) dont be greedy, use one pair only b) analyze the waves high/low from h4 then within smaller tf c) this will give you desired pipstep d) dont let martiangale double lotsize with 2nd trade, too dangerous hope this helps Dirk Thanks Quick, If the account survives this latest run, I am going to break it down to one pair only. If the does not survives, I am going to start over with one pair only. I like the Idea of changing the pipstep, too many open positions. Definitely will look at the Martingale increase, trouble comes fast the way it is set up now. RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Jul 31 2012 at 18:38
Entourage has hit the monthly goal. The Daily has also been hit. It appears that the AUD/USD has made it to the end of its first leg up. Entourage will be looking to close positions if the price retraces 45pips.
This is the first time Entourage had to open 11 positions against a trend. We are out of margin and close to being stopped out at a loss. If Entourage survives this, I will be making changes to the setup. It will be less profitable but also less dangerous. Note: this would be fine, if the account was funded at 30,000.00 RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Aug 01 2012 at 05:56
The account survived, but I had no choice but to eliminate the AUD/USD.
RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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Member Since Jul 20, 2012 49 posts
Entourage (Showdown)
Aug 01 2012 at 07:21
I will continue to run two pairs unless it also proves to be too dangerous. The goals will be reduced by a third also. Once the account hits 20,000.00 I will add another pair.
RELENTLESS: showing or promising no abatement of severity, intensity, strength, or pace : |
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