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It's been a long story... There always have two sides on the market during transaction. Assuming that they both have the same TA tools there should not be any transactions, because why should anyone sell if the TA "says" that the price will go up? But when you start adding different time frames and position sizes this gets more and more complicated. The number of possible factors that influences the price (especially in short term) grows exponentially...
My current stance is -- price movements are random short term, if you have a system you need to take care of proper position sizi......
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Well, you can look at it another way: how lucky you were that you withdrew the bulk of your money earlier...
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I do not think so, the guess the key reasons were breach of multiyear lows USD/JPY, heavy orders inbalance and extremely thin trading. The other pairs simply were ripples on this pair.
I was glued to the screen yesterday too, this was a real show. The last time I saw something similar was May 2010...
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Yes, if you use EAs this is hardly acceptable. If you however scalp manually or just do manual trading this could be OK.
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It seems that not much has changed since Nov 2010. Though they started Strategy Trader which they advertise as more reliable than MT4 + BT solution.
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What is the difference between the EA's settings in the first and the second test?
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I am not at home not, so I cannot tell for sure, but definitely I have noticed that some trades are without the comment. I also have noticed some more erratic behavior. One of the most "strange" was when I manually assigned the amounts for each of the martingale level and PFR used to open the first of the trades (PROFX_0) at 2.5x the original value that I assigned. Some other strange things: sometimes PFR opened two trades at the same time one with a comment and the other without. This is acceptable with the low martingale level, but if this happened at PROFX_6 then the account could......
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Indeed, it seems that starting it with anything then 10000$ seems quite risky. Unless the System takes into account the equity size and opens new positions at much lower rates.
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Definitely spreads are not their strongest point
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I am concerned about trading all four pairs as they are all USD linked. So there is a remote posibility if all 4 pairs were very volatile that you may get 4x bigger drawdown.
I use the conservative settings and although I had a couple setbacks on USDCHF recently, but I do not complain.
Here is the PFR only account
http://www.myfxbook.com/members/pipdetector/pfr-fxpro/37632
The other used mix of EAs (Megadroid and Probability 7.0 for a while, now it is PFR only -- MD was OK with PFR, but Probability could not coexist with PFR at all).
http://www.myfxbook.com/members/pipdetector/pfrprobabili......
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