A Secret (By hitescape)
The user has deleted this system.
A Secret Discussion
Mar 24, 2010 at 00:27
544 Views
2 Replies
Apr 09, 2010 at 00:37
This is part of a subscription group and it definitely isn't worth paying for. Fortunately it was trading 0.01 lots on a live account but even at that level, it doesn't warrant the time to maintain it on my VPS. You can say good bye to it at the end of April.
Apr 14, 2010 at 22:53
In the book 'Trading in the Zone' which really is about the psychology of money management, Mark Douglas gives a test for any trading system. Use the exact system for 20 trades. Trade 2% of your account balance on each trade. At the conclusion of 20 trades, if you have not made a profit, you don't have a trading system. So 90 trades later, I'm down 1.4%(**) so it is time to pull the plug. Thankfully this has excellent money management and for that reason the account still has 98% of the balance. But, it isn't making money. So either the mathematics behind the book are flawed or this EA is not going to achieve its stated objectives of 10% or more per month.
(**) This system was started on March 1 after the account had lost 9% from previous trading.
(**) This system was started on March 1 after the account had lost 9% from previous trading.
*Commercial use and spam will not be tolerated, and may result in account termination.
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