Wow still going lucky to recover from 69% drawdown

The audnzd characteristics definately changed due to the interest rate differentials and the RBNZ and RBA both trying to talk both currencies down. The banks have adjusted their algorithms to avoid being killed by the scalping audnzd algorithms which have been rendered useless now. The strategy is good it just needs to have larger steps to lower the drawdowns, maximize on profits and stay the distance over a 600 pip move

Might sound easy but it takes hundreds of hours of backtests to get the right setfile to do the job.

Irishmist posted:
The audnzd characteristics definately changed due to the interest rate differentials and the RBNZ and RBA both trying to talk both currencies down. The banks have adjusted their algorithms to avoid being killed by the scalping audnzd algorithms which have been rendered useless now. The strategy is good it just needs to have larger steps to lower the drawdowns, maximize on profits and stay the distance over a 600 pip move

Might sound easy but it takes hundreds of hours of backtests to get the right setfile to do the job.

Im afraid whether you like it or not any martingale is just a ticking timebomb. It may not happen today ,next month, next year, but you can guarantee there will be aimer at your head on day you will blow. And the longer you go, probably the more painful it is when it does. Best just to use sound money management get out when wrong and then re access. You wont ever be a full time trader with ANY type of martingale system, period. Never

whats a full time trader m8. You need to have a plan, strategy , system and most of all discipline. Don't preach to an old crow who has been trading 30 years. No system is fool proof and sooner or later you will get a blow out, You would hope that you have withdrawn twice your funds before that happens. This is retail forex for you

Once you get on the institutional level its totally a different ball game as you would be using neural networks and artificial intelligence which I don't think that you or anyone that is on myfxbook can afford.

Trading baskets or single positions with a TP and a stop loss with trailing stops blah blah blah

To each his own way to trade the markets. This algorithm is excellent martingale or whatever it still is working fine. If you cant stand the heat get out of the kitchen :)

The risks compared to the rewards and duration of the trades on the AUDNZD have become diabolically dangerous. It hardly makes any trading range during the trading days and keeps moving up or down in straight 100+ pip flags and consolidates until the next set of numbers. I suggest either finding another tradeable pair or using a breakout strategy to trade the AUDNZD as its characteristics have completely changed you cant scalp it nor you can trade it for a volatility retracement. If anything this would be the pair to blow any account. Its too dangerous to trade against its trend for a retracement. Lucky twice the 3rd it will drag until it blows

Фигня какая-то с мониторингом. Откуда взялась просадка в 69%???

what happened why did it stop updating?

yes its worrying it has stopped updating although the NZDCAD trade did close with a profit but AUDNZD seems running away with no end at sight???

i think their nzdcad trade didnt close yet. and audnzd didnt also.
my nzdcad didnt close yet due to high spread.