SharePosts by Siitari
| Previous 1 .. 4 5 6 7 8 9 Next |
|
I am aware of these statistics. That is the reason why I am testing and researching.
I believe that far too many of those who have lost money in forex have just plunged into it without proper research or guidance -> this I call stupidity.
Some have done their homework and still lost money -> this I call streak of bad luck.
Some have had success, even with smaller capital -> these people I haven't met [lol]
|
|
Heh, I suppose everything worthwhile in life is hard :)
|
|
I'm still searching for a good grid or more accurately just about to start intensive testing so can't give you anything on that yet.
I'll first backtest to filter out really bad ones and to see promising settings and I'll then do forward tests to see how those will actually work. Then I will have to combine them all into one system and forward test that. I will update how it goes :)
|
|
Long story short:
for a few months now I've been looking into forex. It started probably in the same way as with most people -> how to get a little more money.
I stumbled across articles about forex and so on. I started to learn about forex, brokers, indicators systems and all that. I learnt about MT4, EAs, 'holy grails' and vendors. I found and devoured review sites(about brokers and EAs).
I must say that last few months have been very interesting. I've learnt a lot and found out that I still know very little. But most importantly I found out what I want out of forex(I suppose that ......
|
|
Have you thought about or tried using a system where u have 6-10 charts open and 1 of those is on high risk settings and others are on a very low risk settings to bank the profits of the risky pair? I read about this idea on Forex-TSD.
eg.
9 pairs with low volatility and 1 high volatility pair. The moving pair(could use micro grid?) is to make profits and the stable ones are there to 'bank' the profits in.
If the moving pair hits EP you'll lose at most 10% of account(if EP is at 100%). If it makes profit -> other 9 pairs baskets get bigger too(since all use account balance to calculate b......
|
|
Ah, now i see your point [smiley]
|
|
I'm asking this since you have been testing around with this so I thought you might have some information on this [smiley]
It just seems unlikely for it to work as intended with a smaller basket.
|
|
Yes, I understand that one can have several more baskets if the size of basket is smaller. But doesn't that increase the risk quite dramatically? Of course profits can be higher too but risk is getting intolerable I think since the smallest lot is still 0.01(on micro).
I have not backtested B3 at all so I can't really say how these settings effect so I'll just refer to manual.
Because the way B3 trades the recommended(from manual) basket size for micro account is $500($239 is the actual value but to be safe it's rounded up and doubled) and by using LAF(multiplier, 0.5 default) the smallest l......
|
|
Thanks, I'll have to focus studying those settings.
It reads in manual that you should use about $500 per open chart on micro account for B3 to trade "safely". So on a $2000 micro account you should trade only on 4 charts(each on 25% portion which gives us $500 per currency pair). Have you played around with this / noticed anything that confirms this?
|
|
Hi Gil
I was wondering that which settings do you play around with to achieve low DD? So many settings there that can have affect on DD...
|
