SharePosts by ravenlok
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Have you demo-ed sufficiently (i.e seen enough of the drawdowns for each) on such amount in different pairs?
If not, it's best to stick ttheir recommendations for now, while checking out yourself in a safe way. [smiley]
Moreover, that amount would give a decent monthly income while you're at it [cool]
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still here :)
I'm not using G/U, E/J (wild ones when their periods come) & A/NZ (wide spread).
Seems a right number at RL6 for me. :) All the best!
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For those thinking of using any strategy providers,
check out their stop-loss techniques.
No matter how good is their T-score,
if the trend move against the trade(s) and they manage risk by having *wide* SL,
most of the profits would be given back *faster* than the profits accumulated.
How fast depends on how wide.
it gets worst if they pyramid
and it's in mini lots, not micro.
If you guys still want to go live, make sure you could handle the strain of their drawdowns (when they come).
The more strategies you add, the more you need to handle.
Are the providers dealing with real/demo......
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fyi, my application for connection with rebatemypips to my thinkforex account is not approved.
Those intending to use their vps, check this out 1st >>> http://www.tfxvps.com/claim-free-forex-vps/
Average time taken for customer support is ~5-7days; maybe they're overloaded *shrugged*
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Yes, I too believe RL 1
is the way to go to almost remove stress [smiley]
then we could spend more time on living a happy life [cool]
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"alert" seen...[wink]
intervention time soon, people (for those who get this).
have a restful weekend [cool]
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[quote]
tradingshed posted:
...The choice is to hope everything will be fine or abandon hope and try to formulate a 'damage limitation' plan for a worst case scenario which probably will involve losses but manageable losses.
...... In the end for me is survival first, profits afterwards
Had I kept all positions open, and should cable break through recent high......ouch.
So, I am an advocate of manual intervention if and when needed, but, more importantly I believe that responsibility should lie with the user, not the developer. The final decision is inevitably with the user.
A while a......
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Here's what i got from my note-pad from Dustin when he posted here recently:
"I have a variety of accounts that i trade and they range in risk.
I have two accounts in particular that have about
***8k in each of them and I trade both of them at a RL of 2 and that gets me about 5% a month***
and I have never experienced a draw down that concerned me.
Keep in mind that since the minimum lot size is .01 that under 10k the drawdown per RL
will be the same dollar amount no matter what your account size.
So if you are at RL 1 and have 10k and see a 600 dolla......
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PocketGuy 4 Hours ago
I mentioned earlier that the EA was producing double trades and that I'm awaiting Support to respond on this. In the interim, have checked my account history and spotted these in the closed trades. Same trades doubled up, but different close times, even 'though the TP appears to have been set at the same level. Any ideas folks?
^^^ they did speculate that maybe due to failure to receive order confirmation so EA send again. Wonder how it'll work on the market-maker broker- if there's a re-quote...Maybe what you got there IS due to a re-quote...
==========
*** read caref......
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As a fellow TEA user to:
> Chris,
it's best to stick to 1pair@ RL 1 - based on their recommendation of $1000 - $4499 = RL1.
get a less volatile pair to be safe, if you want to continue... *** NFP tomorrow ***
>Pockeyguy,
Dustin did mentioned on the use of retracement/fibs...in webinar.
EA would only adjust to TP in profit for basket trades almost all the time, until SL hit- I believe i'm right on this.
*BUT* no one's perfect, not even the market to hit the sweet spots u mentioned (or someone's missing what the biggies saw......
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