You control risk, you can do fixed lot or money management, I'm doing fixed lot. Money management works well based on risk % you use. I used high leverage and all it took were a few winning trades in the beginning to balance out the smaller account size. Yes slightly risky, but can easily use less lots and achieve excellent return as well.
From what I can see all Eurusd trades fixed lot 2, gbpusd fixed lot 3, audusd fixed lot 5 and nzdusd fixed lots 8. So you can set the amount of fixed lots per pair? Do you have a backrest for results for a fixed lot of 1? Or 5% risk per trade etc?
I just analyzed all trades to see what the profit figure would be in gross percentage terms if all trades were fixed at 1 lot, instead of 2,3,5 and 8. the profit would have been 718.36% instead of 3,730.81% still a very impressive result.
Looks like maximum hard stop losses are 150 for audusd, 120 for nzdusd, 90 for eurusd, 55 for gbpusd. Take profits range from 43-210.90 (for AUDUSD), 37-195 (for EURUSD), 32.8-267 for (GBPUSD), 36.2-188 for (NZDUSD). Anyone know what type of trading strategy?
One other questions, I notice that commissions have only recently started to be charged at $7 a lot, previously was it a market maker account (broker earning of spreads), and now an ECN STP? Wondering why commissions weren't accruing before?
revtraderpro posted: You control risk, you can do fixed lot or money management, I'm doing fixed lot. Money management works well based on risk % you use. I used high leverage and all it took were a few winning trades in the beginning to balance out the smaller account size. Yes slightly risky, but can easily use less lots and achieve excellent return as well.
Please tell us how you decided to start the 10th december ? how to choose the best date to start ? it is all about that, if you start at the bad moment with 4900 usd you got margi call...
you got fixed lots size and sometimes 20K usd losses in total in some days...
so you know that it was the good tilme to start please help us before we buy to start with 4900 usd like you with big risk
Just purchased EA and will be trying it on live account this week. Decided to go with a 2% risk noting that the EA can open a max of three trades per currency pair. I need to point out that the number of trades can be limited at ones discretion by changing this setting of the EA.
Gwindy if you decide to do a 99% backtest on 2% risk would love to see the results as I know a few of us are waiting to see backtest results before deciding to purchase. Unfortunately the vendor has chosen to not share backtest results.
if you use a standard 1 lot per trade the contribution of the 4 currencies to the 718% return, is 349% AUDUSD, 195% NZDUSD, 74% EURUSD, 100% GBPUSD. With a possibility of 3 open trades per pair with stop losses ranging from 55,90,120,150 total theoretical stop loss would be 1,245 (hard stop loss if lost internet connection, and EA had 3 open trades per pair). so 2% risk seems prudent, although going to see if can analyse if max trades was 2 per pair, what the resulting return would have been filtering out any trades that wouldn't have been made with the max 2 trades per pair restriction being active.
If max 2 trades per pair was active the return would have been reduced to 542% which is still very impressive so the ability to have 3 positions open (additional positions in same direction same pair function) added 176% if trading fixed lots (1) over the time frame live test been running versus a max of 2 trades per pair. very interesting EA.
aeronthomas posted: I just analyzed all trades to see what the profit figure would be in gross percentage terms if all trades were fixed at 1 lot, instead of 2,3,5 and 8. the profit would have been 718.36% instead of 3,730.81% still a very impressive result.
if uptrend, enter buy after the 3rd H4 Down Bar and if downtrend, enter a sell after the 3rd H4 Upbar.
the trending filter could be something from a longer term view.
WARNUNG VOR HOHEM RISIKO: Der Devisenhandel birgt ein hohes Risiko, das möglicherweise nicht für alle Anleger geeignet ist.
Der Einsatz von Leverage schafft zusätzliches Risiko und Verlustgefahr. Bevor Sie sich für den Devisenhandel entscheiden, sollten Sie Ihre Anlageziele, Ihr Erfahrungsniveau und Ihre Risikotoleranz sorgfältig prüfen.
Sie könnten Ihre ursprüngliche Investition teilweise oder ganz verlieren. Investieren Sie kein Geld, das Sie sich nicht leisten können, zu verlieren. Informieren Sie sich über die mit dem Devisenhandel verbundenen Risiken und lassen Sie sich von einem unabhängigen Finanz- oder Steuerberater beraten, wenn Sie Fragen haben.
Alle Daten und Informationen werden ausschließlich zu Informationszwecken bereitgestellt und sind nicht für Handelszwecke oder Beratung gedacht.
Die vergangene Performance ist kein Indikator für zukünftige Ergebnisse.