Portfolio (By Baliguy)
Gain : | -98.15% |
Drawdown | 100.00% |
Pips: | -3947.9 |
Trades | 240 |
Won: |
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Lost: |
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Type: | Demo |
Leverage: | 1:200 |
Trading: | Manual |
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Portfolio Discussion
Feb 09, 2012 at 19:35
Member Since Jan 13, 2012
12 posts
This is one of my experiments. Ignore the big 1.0 and 2.0 lots that mostly margined from an early version. Start from Feb. 6, 2012 at amount $5169.43. Today I have $7119.27 in balance and $7033.79 in equity. Only $100 or so in negitive profit on open trades. The dollar amount on open trade ranges a lot every second, but never seems to be over $200.
What the heck! Beginners luck I'm sure. It's not even one week yet. I haven't put any stop losses yet. I do put take profits of $100 per 0.1 lots and $50 per 0.05 lots. I could improve that greatly, I'm sure. Opening trades as well could be improved. I just open trades at the appointed time: 9 am EST..
The system is: open charts for the 12 best currencies. Use a Fibonacci just to show where the current price is in relation to the previous 365 days. I put a label on each chart that is simply Buy or Sell. If the price is near the low, label is BUY. If the price is near the high, label is Sell. One or two currencies I skip because they are wandering in the middle. Then everyday I check that the labels are still correct and then quickly buy or set what ever lot size I am currently working with. I was working with 1.0 and 2.0, but that lost almost $5000 quickly. I was at 0.10, but I eased down to 0.05. A smaller account would use less. I put TPs for the biggest gainers, as much as I have time for. They all should get TPs.
I'm sure this will fall apart.
What the heck! Beginners luck I'm sure. It's not even one week yet. I haven't put any stop losses yet. I do put take profits of $100 per 0.1 lots and $50 per 0.05 lots. I could improve that greatly, I'm sure. Opening trades as well could be improved. I just open trades at the appointed time: 9 am EST..
The system is: open charts for the 12 best currencies. Use a Fibonacci just to show where the current price is in relation to the previous 365 days. I put a label on each chart that is simply Buy or Sell. If the price is near the low, label is BUY. If the price is near the high, label is Sell. One or two currencies I skip because they are wandering in the middle. Then everyday I check that the labels are still correct and then quickly buy or set what ever lot size I am currently working with. I was working with 1.0 and 2.0, but that lost almost $5000 quickly. I was at 0.10, but I eased down to 0.05. A smaller account would use less. I put TPs for the biggest gainers, as much as I have time for. They all should get TPs.
I'm sure this will fall apart.
Feb 15, 2012 at 02:32
Member Since Jan 13, 2012
12 posts
Even if I close all trades, the account is still up 40% at this moment. (from $5169.43) I open trades at 0.01 for every $1000 equity. With $7300 equity I open trades for 0.07. I could increase that, but I am going to have a lot of trades open. I put TPs at $10 per 0.01 lot. I adjust that up or down after looking at pivot points. I skip currencies if there are too many bunched up orders on a chart.
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