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€1k to €1M (By Martin Leidel )

The user has deleted this system.

€1k to €1M Discussion

Russell
4xis2ez
May 29 2010 at 00:12
23 posts
Oh Xaron! You better use stops! 😲 Wipeout possible if you don't.
Martin Leidel (Xaron)
May 29 2010 at 08:30
20 posts
Wipeouts are always possible even with stops. Low leverage is the key to survive.
Russell
4xis2ez
May 29 2010 at 11:23
23 posts
Was this the strategy you used when you won that FXStreet.com contest?
Martin Leidel (Xaron)
May 31 2010 at 14:10
20 posts
The same one as I use now. Basically BWILC with some technical stuff (simple higher highs / higher lows for trend definition at the daily and weekly). I will describe that more in detail.
ShortyFX
Jun 03 2010 at 11:32
10 posts
Hi Martin, how much do you risk per trade, average and max.? Do you consider also in your risk analysis correlations, e.g. sometimes long in eurusd, gbpusd, audusd is the same -> usd short.
Btw., do you dislike shorts? I 'feel' market move faster down and pips come faster to 'dady'. 😀
Which timeframe do you use typically for trade dec. and entries?
Btw.2, when you perform furthermore so well - your million come ealier. 😁
thx and bye, ShortyFX
Stops are in - emotions are out! Stick to the system! Follow the rules! Disciplin, patience, consistency!
MarginCall
Jun 03 2010 at 17:29
45 posts
Martin Leidel (Xaron)
Jun 07 2010 at 10:18
20 posts
Hi Shorty,

that's difficult to say. I don't have that 'risk per trade'. One trade can have several entries but I try to cap the drawdown at 20-30%.
I don't dislike shorts. I sometimes go long Yen if I see the opportunity but I don't want to go short after the move. ;)
My primary timeframe is the daily.

MarginCall, thanks! :)
to_ul
Jun 08 2010 at 20:33
73 posts
good luck :)
trading is passion
ShortyFX
Jun 17 2010 at 05:48
10 posts
Hi Martin, gooood run, wtg! Which timezone is your timestamp, how is the delay to GMT or MEDT? When your run goes on further with this success you will be a millionare in a year. :-) Seems that you test sometimes your leverage limits, is it so?
thx & bye ShortyFX
Stops are in - emotions are out! Stick to the system! Follow the rules! Disciplin, patience, consistency!
Martin Leidel (Xaron)
Jun 17 2010 at 08:57
20 posts
Yes I sometime put in some huge trades but always with a stop loss of course.

Today I tripled my account within the first month. Amazing!

The timestamp from Oanda is EST so you have to add 5 hours to get GMT. I live in GMT+1 (MEZ) so I have to add 6 hours.
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