EUR/JPY Daily 討論

I just wanted to give an update to anybody that may see my results. From the first of March to the end of June I was mainly entering trades on a 4hr chart using everything that i've learned during my time trading forex. Starting the first of July I have switched my entries to the 15minute time frame only, targeting the daily move and not staying in longer than one day at a time. I find that this has reduced stress on my part and helped me to become a little more profitable. To each his own i guess, we all have to find our own way in this maze.😄

Court

My excessive drawdown on June 28th is due to an order entry mistake on my part. I entered 0.90 lots when I meant to enter 0.09 lots on a straddle trade. I often trade the inside and breakout of small ranges with a stop and reverse, and since I entered the market with 0.90 I was forced to counter it with an equal or greater position for the reverse, otherwise I would have been stuck with a permanent loss instead of a short bounce of drawdown.

Court

intelexence posted:
    My excessive drawdown on June 28th is due to an order entry mistake on my part. I entered 0.90 lots when I meant to enter 0.09 lots on a straddle trade. I often trade the inside and breakout of small ranges with a stop and reverse, and since I entered the market with 0.90 I was forced to counter it with an equal or greater position for the reverse, otherwise I would have been stuck with a permanent loss instead of a short bounce of drawdown.

Court

Hi,

EA always able to avoid human error.

Thanks,
SIM

Thanks for the reply Sim, and yes you are correct, an EA would have avoided this mistake. That is why I am going to automate my entries with scripts from now on. It's through mistakes that I become a better trader.

Thanks,

Court

@intelexence: are you a MM?