SharePosts by stevetrade
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What if I wanted to trade with another broker?
What if I wanted to open an account myself at Exness, fund the account myself and send you the account number and password?
Would this be acceptable?
Best regards Steve
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Just ensure you don't turn it back on after you see a winning streak, as that's the fastest way to lose money ;)
Best regards Steve
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I've discontinued this test for the time being. There seems to be something wrong with the latest version of the EA that doesn't show up in backtesting but which is preventing trades from being executed correctly live. Maybe it's the broker. When I have time to revisit I will do.
Best regards Steve
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[quote]scalptastic posted:
May is -23% already; so am not sure we can recover from that[/quote]
Unlikely I'll admit, but it's possible and that doesn't make point 2 any less valid.
[quote]peti1963 posted:
: Steve Boardman - so it was not looking in the analysis[/quote]
Not sure what this means, please elaborate.
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1) We're on the 7th of May. Unless something changed and nobody told me, May has 31 days.
2) In backtests, FGB has three consecutive losing months on seven occasions.
1999 * 2
2000 * 2
2001 * 1
2002 * 1
2007 * 1
And on several occasions loses for 2 months in a row ( which is what it currently has done ).
If you want to save your money, three words. Research, research, research.
Best regards Steve
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Yes I believe there was a high level meeting this week between all the chief exec's of the major banks to discuss how to handle FGB. [twist]
It's just been a bad period of whipsawing markets, nothing to do with FGB at all in my opinion.
While it has violated it's equity curve now there's no reason to believe that a good series of trends isn't around the corner. Although it is once again ( as it has been before with FGB ) squeaky bum time. It just shows that a diversified trading portfolio makes good sense.
Best regards Steve
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Why do you need to make 40% return anyway? A 10% monthly return compounded will double your capital over about nine months. If you can afford to leave your capital in, starting with $5000 in five years you would have over a million in your account.
There is far too much short term thinking in forex, which is what generally leads to people taking unnecessary risks. I would focus on getting a winning strategy that looks good over several years and just keep on top of it.
My guess is that you are asking because you want to know if you can earn a living from your savings?
I would say not, in ......
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Here's a question and I'm sure there is a perfectly good explanation for it. Why does your chart show a massive downward spike around March 7th when it didn't previously?
Best regards Steve
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Why don't you ever trade real money?
Seriously, everyone knows that order fulfillment on demo accounts is not realistic. In this day and age the only serious way to market an EA is to trade real money, on a real account at a reputable broker.
Best regards Steve
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[quote]cgasucks posted:
[quote]stevetrade posted:
Yes, it's still within it's long term equity curve though.
Best regards Steve[/quote]
I would love to see this EAs long term equity curve.[/quote]
I would say 2 1/2 years is fairly long term in forex trading. So you can see it here and it is keeping to a fairly straight trajectory, one of the things that makes this EA so attractive.
Best regards Steve
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