Share Posts by engtraderfx
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Account closed. Open grid trades closed.
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GBPJPY is similar to the others..small trading window & adjusted rsi & mov avg periods.
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Woeful performance on this account. I wonder what ODL are doing with their feed as it is definitely performing differently to other brokers. I think this one will be closed soon.
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Deposit added.
FXDD is doing well really. It has less pairs than other brokers due to spreads (eg EURGBP is not traded on this account) and less trades but less variation than the variable spread brokers.
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Bernard,
the system growth curve looks great & had considering buying your system, but you now have a floating loss of 400 pips from last week when most other mean reversion systems took the loss & moved on.
Is this a normal part of your system? A $6K open loss on a $20K account seems rather excessive.
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Cash withdrawal made so lot size now reduced.
New pair added..GBPJPY
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carlos...yes this is the metatrader plaform from fxcm not trading station.
Chrs, Dave
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I agree, I had a 5 % risk per system, but with so many systems it can add up. However I have had 10% drawdowns in the past & it all recovers, at least I wasn't doing the silly risk (10% +) that some people use for the likes of fapturbo!
I just reviewed the gbpusd system & it is still well within backtested performance so all I can do it keep the risk down & let it play out. Any changes I try to add more filters just made the system trade less often & less profitably in long run so the key is probably just keeping risk down & let probabilities & compounding do their work.
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Note to self - well that was unfortunate, hit stop loss on 2 correlated pairs! Will have to look into that, so far I just keep the individual risk down to <= 5% but 2 together made a 10 % drawdown. Maybe I should check for existing trades of correlated pairs or look at a hedge?
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Hi, really like the site, best out there.
Regarding monthly statistics it looks like return statistics are based on original deposited amounts. Due to compounding over time this gets skewed. I would like to see if possible both the actual $earned for period and the %return on start of period equity.
Other period options would be a nice to have (weekly / daily).
Regards, Dave
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