SharePosts by rgmann
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Hi socalengineer,
I sent you a private message answering your questions at Donna Forex...
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From what I remember, all of the recommended brokers were non-US offshore brokers that don't accept US clients. Plus, I don't want to use an offshore brokerage anyway. I have too much money in my account to trust with an offshore brokerage. So I'd rather stick with a US regulated broker. That's why I was hoping to hear from someone else who's already trading Thor2 at ILQ, so I can get an idea of how it does there before I decide to repurchase it or not. But so far I haven't had any luck... [sad]
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I tried Thor II in the past and ended up getting a refund, as it wasn't performing very well on the broker I had at the time (the spread was probably too high...usually about 2 pips). However, I currently switched to a new broker, ILQ, and the feed I'm getting has a spread that's usually about .6 to 1 pip. So I'm thinking about repurchasing Thor, as it should work better on ILQ. Has anyone else used Thor on ILQ? How did it perform for you? Thanks. [cool]
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The last Mt4 update I have is 419... I thought Mt4 was supposed to automatically update? Anyway, is there any problem using FxPapa with build 419? Thank you.
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Once again FxPapa pulls through for us! [lol]
+8.7 pip gain for me on those two trades (- 26.1 on the first trade and +34.8 on the second trade). FxPapa definitely has a sound trading strategy. It will hit the full equity SL on odd occasions, but as long as you're not trading with too high of a risk level there's nothing to worry about. I like the fact that FxPapa limits 50:1 leverage accounts to 7.5% risk, as it forces me not to get greedy and put my account at too much risk! [eek] Keep up the good work FxPapa! [cool]
Cheers,
Roger
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Hi Darren,
To the best of my knowledge, "Error 721" normally happens from time to time, but fixes itself fairly quickly. I don't believe there's anything we can do to avoid it. Just leave it alone and the EA will fix itself and remove the error usually within a relatively brief amount of time.
Cheers,
Roger
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[quote]
divebubble posted:
You told us that the maximum dd is at 200 pips.
Why is the dd of your basket 226?
[/quote]
I'm pretty sure he was giving an "approximate" total pip loss. No two accounts will exit the trades at the exact same point with an "equity" stop loss feature. My account closed at -202 pips. I'm sure a few other accounts closed with a few more or less pips than that. But the total loss was still about -200 pips...
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Well, as with any big loss, that was hard to swallow. But FxPapa performed exactly like it was supposed to on my account. I'm using risk=10 on a 50:1 leverage account, which equals 7.5% total risk for the basket of trades (3 trades total). We were also told that the total pip loss would be around -200 pips if all 3 trades ended in a loss. And that's just what I got on my account:
3 trades
3 losses
-7.49% equity loss
-202 pips
FxPapa adjusted my lot size according to my total equity, so that the above figures came out as they should. As long as this only happens every few months or so,......
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Hi FxPapa,
Thank you for the clarification. I'm glad to know that I haven't been using too high of a risk setting all of this time. By the way, keep up the good work! The trades have been great lately... [smiley]
Cheers,
Roger
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[quote]
FxPapa posted:
[quote]
BigSteve posted:
Hello,
Can I ask the max acceptable risk for US account leverage 50:1?
I would like to set my risk to about half of it.
Thanks!
[/quote]
Hi
The max acceptable risk for 1:50 leverage is 7.5% .
Regards
[/quote]
Shouldn't that information be provided in the FxPapa User's Manual? Especially since the default risk setting is 10%. I've been using 10% risk on my 50:1 leverage account for a couple of months now, and had no idea that 7.5% is the max acceptable risk setting...
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