The position sizing has been lowered, the number of cBots has increased to more than 40, additional currency pairs have been added. I need a more powerful CPU at VPS, but I cannot afford it right now. If the account equity reaches a new high, there will be some slight hope that the system may prove to be successful. But, honestly, it would take at least 1 or even 2 years to be certain. Continue reading books on trading and trading psychology and learning. Continue to modify the strategies and optimize. Forex is treacherous, and there are times when I feel desperate and the future looks bleak, but when I think of what will become possible in life if I become a successful trader makes me pull myself together.
Today my VPS hung up, which is partially my fault, I overloaded it. I had to restart it and install cBots again, etc. I had to close lots of trades, Even though I closed them with a profit, I am not happy. Really need a more powerful CPU, but it's beyond my means now. Well, I will try to reboot the VPS each weekend now and restart the cTrader platform and re-start cBots.
Each failure is like a lesson. It's better to go through them all when the account is still small :)
I recently increased the volumes traded and I thought that I am entitled to their advertised free VPS offer (https://www.forexvps.net/free/pepperstone) as I've been trading more than 10 lots per month (this is the criteria). This is what the offer says:
'Trade just 10 standard lots* per month and your VPS will be completely FREE! * Previously 15 lots per month. Lock-in just 10 lots required per month instead! Limited time offer.'
First, I was told that only MT4 platforms are entitled. I use cTrader. After negotiations, they said cTrader is ok. BUT...
UNFORTUNATELY (for me) 10 lots per month apply, allegedly, to Pepperstone Standard accounts only, not Pepperstone Razor accounts, which I happen to have. You see, Razor accounts require trading 30 lots per month, they said.
ForexVPX just makes new rules as they go to deny you the free offer.
But other than this unexpected stinginess, ForexVPX is ok - as long as your PC use is below 70-80%. ---
The recent period was hard and emotionally gruelling.
You can see yourself that the equity nearly touched the bottom in early June.
The equity curve 'flew over the cuckoo's nest'.
I persisted... I spent a lot of time thinking about the behavior of my strategies and their inner logic and tried to improve some aspects. Mostly, I simplified my strategies. I also read a bunch of trading books and web sites during this period and implemented some ideas I found there.
Really disappointed with Forexvps.net and how they did not honor their free offer proposal. A free VPS would help me greatly. My account is under-capitalized and paying monthly $32 means that I need to generate at least 1% profit each month just to cover my VPS expenses. It creates a barrier which I, as an amateur trader, find it quite difficult to overcome.
But, technically, Forexvps.net is (has been) ok, and I will stay with them.
One dilemma I cannot decide is whether I should close all open positions, as one basket, and exit into cash manually when I see the the account equity curve rose more than 4-5%. Or, should I exercise discipline and let the robots do what they do.
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