Thank you very much for the transparency and the insight.. I agree with you about the risk tolerance and i wouldnt want it to be any higher as well. I hope you re right about the fact that a stop out happens very rarely to 2 pairs simultaneously, cause trading 10 pairs means also more exposure.. so im still a bit sceptical considering the facts. I also have high hopes for this EA and hope that we can all profit from it. Wish you good luck!
Lenny89 posted: Thank you very much for the transparency and the insight.. I agree with you about the risk tolerance and i wouldnt want it to be any higher as well. I hope you re right about the fact that a stop out happens very rarely to 2 pairs simultaneously, cause trading 10 pairs means also more exposure.. so im still a bit sceptical considering the facts. I also have high hopes for this EA and hope that we can all profit from it. Wish you good luck!
10 pairs means more exposure, but with those settings, the EA won't trade more than two pairs from each currency at a time (for example, only two USD pairs allowed at the same time. Of course mathematically that two is enough of course for that two pair stop). If you wanted to reduce exposure to correlating pairs your could set that setting to one, but you'd also be meddling with risk reward ratio and might change the system fundamentally - I haven't tried so I wouldn't know for sure).
I know that how it's trading with my account I'm pretty confident (I was going to say I'm sure but there's nothing sure in Forex is there) the system has a long-term edge even if it did stop out - however, I do see it as a medium to long-term move for myself to 'tweak' a version out of it that trades with 40% position size of it the current version and add it to the portfolio with the current version - and then as a long-term move to get a 13% version of it (these versions are only possible with a trade copier, the settings I think don't allow that natively). These versions also have much better recovery times even if a stop out in two pairs did happen. They are also 'better for your stomach', meaning they would let you sleep in the night even if they stopped out on two pairs. The truth is that there are plenty of systems that can make anyone rich (if that's the goal) long-term, but most of them are too much for the most people psychologically (too large drawdowns). Ironic, isn't it? :)
Lenny89 posted: A trade copier would definitely be a nice solution for what you re planning, but 13% of Flexes minimum risk would also mean way less profit right? But i guess, better be safe than sorry :D
Yes, so the whole thing is to create something for a bigger active portfolio, where you just don't want to risk 35-70% of your portfolio anymore, and you want something more stable. Because this is not a 'get rich fast' game but 'build a consistently profitable system' game, right? And the whole idea is to spread the risk of a portfolio between those three accounts. Getting a 19% monthly return on your whole portfolio in the long-term is just not realistic, is it? Even the best professional traders in the world are in reality doing something like max 30-50% ROI per year. I think essentially having those three versions and spreading the risk between them would mean around 7% ROI / month, which is still way more than most.
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