FxPapa Expert Advisor (de FxPapa)
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Discussion FxPapa Expert Advisor
May 15, 2012 at 21:36
Membre depuis Jul 30, 2011
posts 72
According to myfxbook Drawdown on Feb. 12 fxpapa hit -124 pips, while the current DD is at -143 (as I write). This is not to be feared if you've planned your risk setting to be XX% of your account at a maximum drawdown of up to -200 pips the way the EA manages up to 3 trades.
May 16, 2012 at 02:45
Membre depuis Nov 23, 2010
posts 99
The third trade is most likely to scale down loss from the first trade in the event the first trade does not fully retrace to break even.
If enough retrace comes of the second trade then all will close with account in profit.
This is probably why the third trade was placed close to the 200 pip level to minimize further possible loss.
I believe this to be the strategy and it is professional trading at its best
If enough retrace comes of the second trade then all will close with account in profit.
This is probably why the third trade was placed close to the 200 pip level to minimize further possible loss.
I believe this to be the strategy and it is professional trading at its best
May 16, 2012 at 02:52
Membre depuis Nov 23, 2010
posts 99
It's right on the front page. Click on the "General" tab to the right of the stats. The broker is IBFX
gwrigh posted:
I've monitored feeds and spreads for several different brokers and noticed a real difference in the number of ticks as well as the stability of the spreads. What broker is fxpapa using?
May 16, 2012 at 04:09
Membre depuis Jan 18, 2012
posts 69
this bloody trade will eat more than one month profit.
but in fxpapa ibfx account, fxpapa opened trade with lot size 0.12 not above 0.6 means fxpapa reduced lot size and he can recover it only in one week.
too cunning man.
u guys dont think that its cheating.
for 10 pip profit it took risk of 20% of account and traded opposite the trend.
thats great.😇
but in fxpapa ibfx account, fxpapa opened trade with lot size 0.12 not above 0.6 means fxpapa reduced lot size and he can recover it only in one week.
too cunning man.
u guys dont think that its cheating.
for 10 pip profit it took risk of 20% of account and traded opposite the trend.
thats great.😇

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