important note about HandsomeJack system: I`ve made some changes to the logic because my broker trades count limitation is 512, and Jack was operating large amounts of trades (it came to 129 earlier this week). now the trades count is a times less, so it will close much faster, therefore - it won`t loose profit while closing the current trades sequence, and, what is more substantial - won`t reach the trades count cap in this universe. these changes don`t touch the risk management, so generally trading process is the same as earlier, just less trades. happy trading!
try out my totally new Botichelli system (new bot works on the same account, instead of failed one). this is something I didn`t look at for a long time - an aggressive scalping. subscription link: http://www.signalstart.com/analysis/botichelli/2179 *but read the description carefully first*
Jan 15 2016 at 21:59
Hello Olaf, I am following you on SignalStart. My question now is: I am having an account with leverage 1:200. I see that you are using 1:500. That´s why I am trading with 0.4 risk factor, because I am afraid to get a margincall, if you are increasing your lotsizes dramaticly sometimes. Can I increase my risk factor or should I keep it 0.4? Brgds Detlef
here we go - my new bot named "Botichelli" is here: https://static.mfbcdn.net/members/olaf_olsen/botichelli/1411070 it will work in parallel to HandsomeJack. despite it made almost 100% in 1.5 weeks, while Jack did 100% after 1 year :D
I am testing Botichelli right now - maybe for 1-2 months, but you may dare to subscribe here: http://www.signalstart.com/analysis/botichelli/2179
Dear Olaf, I can see on your system HandsomeJack there's High Drawdown back in January, 2015 Euro-CHF crisis, with 80% drawdown, I am following you on signalstart.com, my question is as montly avrage how much drawdown expected as I am following another traders so I need to manage the risk?, thank you!
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.