Merau Real (By forex_trader_238125)
The user has deleted this system.
Merau Real Discussion
Aug 24, 2015 at 13:24
120 Views
6 Replies
forex_trader_238125
Member Since Mar 22, 2015
12 posts
Aug 25, 2015 at 01:15
My first account I survived with a gain, but learnt lots of valuable lessons. This trading account I will stick to strict trading rules:
1. Maximum 1 x Risk - This will be most of the time scaled in a third or quarter size position.
2. All trades will have a maximum stop loss of 100 pip
3. 5% maximum drawndown
1. Maximum 1 x Risk - This will be most of the time scaled in a third or quarter size position.
2. All trades will have a maximum stop loss of 100 pip
3. 5% maximum drawndown
Member Since Dec 20, 2009
2 posts
Aug 25, 2015 at 06:23
I like your performance from the first account, but you are right, that in some point of loss trade is better to have SL, I am just really not able to understand risk value, can you explain it, please? Let's say on 1000$ account. Thank you and I wish you good luck in markets. R
forex_trader_238125
Member Since Mar 22, 2015
12 posts
Aug 25, 2015 at 11:01
(edited Aug 25, 2015 at 11:19)
Hi Robert.
1 x Risk is that for $1000 you will only trade 1 Micro Lot. Since you can only trade minimum 1 micro lot then you can't scale into position with $1000 as every trade will be full sized 1x Risk.
I like to open initial position and open again another position lower if needed but now only up to maximum 1 x full trade. To do this with Micro lot you would need $3000.
My performance on first account was good up until I lost a lot due to too much leverage and not cut loss sooner. I am at least happy I closed my trade and maintain and overall gain on the account.
1 x Risk is that for $1000 you will only trade 1 Micro Lot. Since you can only trade minimum 1 micro lot then you can't scale into position with $1000 as every trade will be full sized 1x Risk.
I like to open initial position and open again another position lower if needed but now only up to maximum 1 x full trade. To do this with Micro lot you would need $3000.
My performance on first account was good up until I lost a lot due to too much leverage and not cut loss sooner. I am at least happy I closed my trade and maintain and overall gain on the account.
forex_trader_238125
Member Since Mar 22, 2015
12 posts
Aug 27, 2015 at 21:46
Going to remove 100 pip stop loss rule for now. I am going to adjust my streategy and be more patient for better entries and stick to max 1x Risk and 5% draw down and see how it goes.
forex_trader_238125
Member Since Mar 22, 2015
12 posts
Sep 17, 2015 at 11:33
Changing to maximum 2 x Risk and 10% DD
Member Since Dec 20, 2009
2 posts
Sep 22, 2015 at 08:57
great results! Keep it up.
forex_trader_238125
Member Since Mar 22, 2015
12 posts
Dec 17, 2015 at 13:19
withdrew a most of deposit so all rules are out the door :)
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
