SharePosts by duzyfx
| Previous 1 2 3 4 5 .. 26 Next |
|
[quote]stevetrade posted:
I think the fact that the author has neither felt the need to update the results for this system, nor shown up to either modify or comment on it after it's recent poor performance is the last straw for me.
I'm out guys, I'm just lucky I have other things in my portfolio that have offset these recent losses.
Best of luck to the people that carry on with it. I'm sure in time it will recover but the recent drawdowns are now too horrific for me to contemplate using this EA on my account in the long term.
Best regards Steve[/quote]
do you mind sharing other EA's that ......
|
|
[quote]DiggerOfTruth posted:
@duzyfx: SEE ATTACHED Statement -
I couldn't get the whole statement without posting all the info, which I don't want to do. So, I took a shot of the bottom of the statement and put the graph in. As you can see, the change from 1:500 leverage to 1:100 stopped my using 40-50 lots at a time. And you will see the outstanding open foolish orders in the loss right now over 5000. Still, not a bad run for the First Time "All Night Trader" (as opposed to Day Trader, eh?)[/quote]
wow so you were going with a max leverage targetting a few pips at a time ?
inte......
|
|
[quote]DiggerOfTruth posted:
It didn't feel like gambling. [/quote]
believe me it never feels like gambling till you realize afterwards ...
but in order to double any account in a night you need to take alot of risk... I think you were not thinking about the risk ? What would have happend if the indicator told you to buy/sell at such high leverage but the market would go instead the other way fast ? Would you cling to the order till your account gave the last equity breath ?
I've looked at the indicator on M15 on EURUSD and I don't see how you could do the wins last night...
Maybe I'm wrong......
|
|
@DiggerOfTruth:
not to sound too pesimistic but if you won't stop overtrading with overleverage the forex market will teach you a lesson in a not so long future; so stop, enjoy the gambling winnings and do not give it back ...
|
|
wow you had a good day; are you going to try to keep this insane risk for future trades ?
|
|
how does the experienced trader handle long periods of loosing streaks ... eg: if you get say 3 months of losses ? are you prepared for this ? what will you do if that happens ?
|
|
another one - what is the best reward to risk that you can work with ?
can scalpers be profitable if they go for 10 pips with risk of 60-100 pips ?
|
|
also what is your's secret - how do you overcome bad trades ?
a) do you count on having a good accuracy, eg: r/r 1:1 50+% of good trades
b) do you double (or increase) the lots sometimes ?
c) do you increase the TP to regain some of the lost trades $$$ ?
|
|
I would like traders to admit how many switched to trading full time and then lost an account and had to find a job again ?
|
|
so you have assume you can make 100% every month consistently for 2 years ...
well I guess you haven't seen the post where people are looking for 4% a month consistently ... and that's hard to get!!!!
if you can get 100% a year consistently (5-6% a month) then you'll make your millions in 5-10 years with other's people money
|
