Purple (By Purple)
The user has deleted this system.
Purple Discussion
Nov 06, 2009 at 22:34
815 Views
4 Replies
Dec 26, 2009 at 22:58
(edited Dec 26, 2009 at 23:05)
I just wanted to clarify to everyone about why I have Custom Period in my System.
You would see in my trade history that I initially opened my account with just 250 USD. I took two 'Test Trades' with that amount and managed to lose that 250 in two straight days, thus bringing my DD to 99% level which it states if I don't use Custom Period..
But than I deposited the actual 5000 USD I intended to start this account with and have been effectively trading since than for almost a year now on this account. My DD Level has never reached 99% area. So when it shows my DD at 99% (without the use of Custom Period) for the first two trades with a total loss of just 240 USD its very misleading.
I moved ahead the trade starting date by just 5 days and it has removed that first two experimental trade and shows my true DD level now.
Thanks.
You would see in my trade history that I initially opened my account with just 250 USD. I took two 'Test Trades' with that amount and managed to lose that 250 in two straight days, thus bringing my DD to 99% level which it states if I don't use Custom Period..
But than I deposited the actual 5000 USD I intended to start this account with and have been effectively trading since than for almost a year now on this account. My DD Level has never reached 99% area. So when it shows my DD at 99% (without the use of Custom Period) for the first two trades with a total loss of just 240 USD its very misleading.
I moved ahead the trade starting date by just 5 days and it has removed that first two experimental trade and shows my true DD level now.
Thanks.
Feb 26, 2010 at 10:45
Hey Txeba,
Yeah I do scalp 20-30 pips here and there, but mostly I am Swing Trader. I try to usually have one position which is medium term and float it for 2-4 days trying to catch the weekly move and than another one which I take for couple of hours almost on daily basis and exit at 20-50 pips profit each.
I strongly recommend talking a classroom course on Technical Analysis rather than trying to teach it yourself using books or online websites. Just find one in your area and take it, its only a month or so long.
All the best,
Purple.
Yeah I do scalp 20-30 pips here and there, but mostly I am Swing Trader. I try to usually have one position which is medium term and float it for 2-4 days trying to catch the weekly move and than another one which I take for couple of hours almost on daily basis and exit at 20-50 pips profit each.
I strongly recommend talking a classroom course on Technical Analysis rather than trying to teach it yourself using books or online websites. Just find one in your area and take it, its only a month or so long.
All the best,
Purple.
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