I think you can go around 3% - 5% maximum. Within this range, your account will be safe, according to max loss so far. No pain, No gain. If you want to earn more profits, you have to accept more risks in case a trade is a loss.
Why not? Given your account is large enough, you don't need to have just 1% I think.
all im saying is everyone is an individual and needs to find there own tolerance and acceptance for risk for themselves, depending on what their goals are, experience with risk managment and the money they are working with.
1. Just go for max risk per pair at 3% for Eurusd, 5% for NZDUSD and AUDUSD.
Forget about Gbpusd because if you look at past history / performance of live account of vendor, you will agree with me that this pair is not profitable, while rather risky.
2. You can go for maximum 7% for AUDUSD at the most.
DO NOT BECOME GREEDY when you see at certain times, the robot can win most of the times, because before winning a trade, it always has floating drawdown, which can blow out the account before the trade will become a winning trade.
BE DISCIPLINED ALL THE TIMES, and you will profit consistently from this ea.
TRADE WITH 3 PAIRS ONLY: AUDUSD at 5% - 7% max risk; NZDUSD at 5% max risk, and EURUSD at 3% max risk.
Hope you will report your testing results here for all of us to compare and discuss everything.
I just purchased this EA, had another friend purchase it as well and we've both opened accounts with the recommended broker for US (FX Choice) with $2-3k each. I set the settings as recommended in the text file to handle up to 3 trades per pair with 70%+ win ratio it seems safe to go at it with this approach. But according to the vendor (could be wrong as communication on Skype isn't exactly responsive) he didn't use the money management at all. With a win ratio of 70%+ the odds were still his your favor, it was a gamble, sure, but it ended up paying off big time... If it's safer than a coin toss, it's safe enough for me, afterall, low risk = low reward.
<- His last message on skype <- My current settings, once I find out if I should disable MM I'll make the appropriate changes. Will share my results soon.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Since this EA seems to do exceptionally well with AUD|USD and NZD|USD, I guess it could be used for those two pairs only and then use a different EA or a solid signal for GBP|USD and EUR|USD. I think that's what I'll end up doing.
Is anyone getting exact or VERY SIMILAR results as trading on SynergyFX? If so, which broker are you using? I am using ICMARKETS TRUE ECN account and results are off generally by 15 - 20 pips. I am generally 1 - 20 pips less.
justforexreviews posted: Since this EA seems to do exceptionally well with AUD|USD and NZD|USD, I guess it could be used for those two pairs only and then use a different EA or a solid signal for GBP|USD and EUR|USD. I think that's what I'll end up doing.
I am with pepperstone and my results in terms of entries and exits are pretty much the exact same give or take the few pips due to floating spread
What is the best broker to get similar results same as vendor. I tried ICM and Sensus both results are identical but different then vendor account synergy Fx. Let's figure out which broker has similar trades as vendor with minimum spread.
Either sign up with Synergy Fx or FX choice, the only two recommended. Save yourselves the bother of finding a similar broker. I'm with Synergy and they seem fine, only thing is its in Australia and it takes a few days to send my deposit (banks for you, not broker fault). Way too early to draw conclusions on how my entries and exits differ tho. Will say so in a month. If your curios my last to exits were one minute before Doug's.
ps I wish the USD would take a breather, we are many hours from making the next batch of trades I feel, looking at the hour chart
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
Todos los datos y la información se proporcionan "tal cual" con fines informativos únicamente y no están destinados a fines comerciales o de recomendación.
Los resultados pasados no son indicativos de los resultados futuros.