Posts by fughe
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Birt has also setup a live test account. He is using 1% for the money management, which I consider more realistic.
[quote]LiquiMolly posted: Hi everyone! Would anyone be so kind and explain how these two accounts traded GBPUSD so differently during the 10.30.2014? Is it all up to the settings or what? One is trading two currencies and the other four, but still the GBPUSD is completely different during this day 30th of October. Grateful for your input! BR[/quote] Very simple. The two accounts are not trading the same pairs. One of them is even trading a pair that i......
[quote]FXtrader2010 posted: Yes I see what you saying, thanks for making it clear. Maybe need to see this EA over two years instead of one. I will not be using the MM that is used with this fxbook but 1-3% fixed. AMAZING results today BTW, you could not have picked a better possible entry on AUDUSD. [/quote] I agree. My manual system had a sell signal to enter short exactly at the 0.8900 level on the AUDUSD.
[quote]FXtrader2010 posted: So maybe trading EURUSD not that good idea? However hard to say with the risk not consistent on this fxbook. Thnak you very much though, appreciate your input! [/quote] Why would you think that? When the deposit amount is adjusted to display an appropriate zoom level for the EURUSD, the performance appears good. It only looks bad when you don't make the appropriate adjustment to display the correct zoom. That is why I was saying what I did about making sure to adjust the deposit currency for each pair. If you don't do this, the extreme money management gives ......
The default results look amazing because it got on a lucky streak with extreme leverage. The results are good, but if you want to see a more realistic result, open the 'custom analysis' tab, select ONLY one of the currencies, input 10000 into the 'Custom Deposit', and then click the 'Analyze' button. This will give you a realistic graph for each of the currencies. I took a quick snapshot to show a quick demonstration of the effect. Notice that I switched off the equity and growth graphs, but left the EURUSD graph on, on the chart. EDIT: Additional note about the Custom Deposit. You wil......
[quote]frenchtrader7 posted: right... and what about if the next day it do the same or if the next 7 days trades closes only half of stop loss? this is named a bloodbath this EA can loose everything in some bad days because high SL... be carefull i hope i am wrong[/quote] We are talking about maximum, possible, safe lot size in 50:1 leverage for 12 concurrent open trades. This is not attempting to address possible future-losing-streak-generated margin call. That can happen at any lot size.
Here is the portfolio graph EDIT: The reason I decided to post this is because it demonstrates what can happen when there are concurrent losing streaks across several pairs, and the same for winning.
[quote]Batcheler posted: There's softwares that can combine mt4 reports, I'm sure you know. Good way to play around to see what's possible.[/quote] Yeah. I recommend
I did a quick calculation for estimated margin usage, based on 50:1 leverage. Using $300/0.1 lot as my safe reference, a person should be able to safely use 0.2 lot with a $10k account. Assuming all 12 allowed positions are open concurrently, the margin usage would be $7200. This leaves plenty of room for all trades to go to stoploss without coming close to a margin call.
[quote]Batcheler posted: But gbpusd by itself is smooth ok gain, 60% in a year with only 3% dd and plenty of action trades, instead of just 1 micro for 1,000 two micros yielding 6% dd and slightly more than doubling an acct is by itself quite good. A kind of "who needs these" other pairs thing [tongue][/quote] You are seeing why I believe it has potential. [wink]
NBS Manufacturing PMI (32 min)
UPDATE 1-Bodies not yet recovered from s...(1h 17min ago)
EURUSD 1.25251 GBPUSD 1.59969
USDJPY 112.315 USDCAD 1.12604
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