SharePosts by Damon
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I have left this system where it lays, because in the end regardless of the problems this account had I blame it on myself and the system I employed, I should never have used a system that if it went wrong would lose that much of the account.
I have started a new account with a completely different system: http://www.myfxbook.com/members/Damon/100000000-challenge/96131
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Hi Raiden,
First of all that is a hideous picture.
But thank you for taking the time to build the table, I use a compound calculator: http://www.moneychimp.com/calculator/compound_interest_calculator.htm
I would be very happy to hit $1,000,000.00 in 3 years, that would be 25% per month :)
I cannot adjust the leverage after I have created the account, but please explain your concern, I don't think I understand.
I will ask my broker about Max lot sizes, thank you for bringing that to my attention.
Damon
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Here is a picture (attachment) showing nearly uninterrupted trading with the EA, Those ranges it created (blue and red) were created before it bounced around inside it. You will see I manually closed the last buy, there was 3 of them, you can see how much profit the EA leaves on the table in the moves (I have not figured a way to capture that last bit of profit at the top), but because it can stack the trades up it can actually make more more pips than the whole move was, for example in back test I had one position make 400 pips out of a 300 pip move of the market because it had multiple posi......
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fxuma. cool :)
duzyfx. I probably could, I don't know, it would be very confusing because I'm manual trading and running a few other EAs in my account, plus I learned a valuable lesson in the middle of this 2 weeks when I left the chart that had this EA on 1 minute (instead of 1 hour) and it started making little 1 minute ranges and trading them with one hour settings. I lost 20% of my account in 10 hours. I did not know the EA re-initialized when I changed the time frame. So I would have to explain these things and it would not really be any good as proof... that's why I am doing this accou......
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It does not do anything when in the range, it just hangs out, when range breaks it takes a trade.
It loves a trending market, and does nothing when bangin around inside the range, it's only way to exit the buy positions is when it sells and vice versa.
The trading system is very simple and based on Nikolas Darvas's book "How I made $2,000,000.00 in the stock market" It will pile up trades if ranges keep breaking in the same direction, you'll see. But that does not mean it is flawless, far from it. But it has made me 100% in 2 weeks live and has good although choppy back tests. The ......
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Hey Dmitry! Long time no speak ! How are things with you?
Damon
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The proprietary EA (robot) that runs this account is using a custom indicator, it takes awhile for it to start as it needs to find a range to to trade, once it starts making trades it will rarely be out of the market.
Please feel free to comment and question.
Damon Hunt
http://fundsforexmanaged.com
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Graph is updated with both losses, I stopped sending updates now as it is just funds coming out of the account as the account gets dismantled.
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I bought this EA a month ago and have not had any trades happen on it... I am sure there must have been a trade with the gap today.
Damon
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WOW !
I have gotten to the bottom of this problem.
The brokerage actually admitted something, I think that my be the first time in the history of brokerages:
[evil]
Dear Mr. Hunt,
Thank you for your waiting.
We've got the following answer from our backoffice specialists:
Since you are trading large volumes (1 million and more) on your PAMM account, your orders are executed by the dealers manually. In this regard, the execution of market-requests is increased to 5-15 seconds (in a quiet, liquid market) or more (in terms of high volatility or low liquidity market). Typically, such delays d......
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