Everybody has their own risk tolerance levels, I believe in my trades and I can tolerate a bit more on the drawdown sometimes.
At 100X the account size getting the same $ result, I believe the % return would be 100X smaller which would give us about 9% absolute gain per two months+, so about 4% monthly or 24% yearly. Many would still consider that good result.
I've traded a larger account then $40K, but that was before my current style developed. All I can say is that I indeed will decrease the aggressiveness as the account grows but not drastically at $40K its not that much.
It's not a criticism but I'm curious to know how u manage your risk, in other words, how you calculate the lot size of each trade? I find from your trade history that your lots are quite big considering a mini under 500 account, and to me it's quite random, one trade 1 lot, the other 0.5 and for a nzdjpy trade u placed 10 lots. I'd like to know if these particular lot sizes r calculated? or based on your instict or experience of the currency moving range? I'm particularly interested in lot/risk management 'coz i'm also running a mini under 1000 account and it's growing slowly despite a comparitively high success rate. That's why i'm thinking of trading more lots and your account growth rate proves that it's achievable! I hope if possible you can share some insights on entry exit, risk management, etc with me and that we can exchange ideas and opinions in forex trading here.
robw135 posted: Anyone
Please feel free to provide any constructive criticism on my way of trading. I'm always looking to improve.
There is a certain size I won't go over when entering initially. But basically if I have clean slate and I feel very strongly about a trade I'll put most of the available lots on it, if I'm not so sure about the trade I'll risk much less or if I see a quick opportunity I'll try it but also at smaller size. The account is growing so the lots will get larger, the initial balance does not matter anymore. I'm slowly moving up to a higher TF trading so I'll be starting more with small size and building up the position, although I'm sure there will be other trades I'll take besides the main position.
Larger lot sizes are key here to large return if you feel you have good aim I'd recommend using larger lot sizes at least on the trades you're really really sure about.
If I followed standard wisdom on MM the results would probably be also standard/average. Sometimes you have to break away from the herd.
e-mail me if you want to discuss anything further email@example.com
Please, please please if you're going to contact me about managed account don't ask me for any more history then what you see here. This is all you get, if you like it fine, if you don't like it its not my problem.
sorry......just got tired of answering the same question over and over
I’m very impressed about your systems. I testing many EA’s and I agree with you, it is very hard to make system that will be working well without any help. I trade toward a 32 EMA, and like you, I’m using RSI. I was starting couple months ago, and I’m still trying to find the best technique to make money. Is there any way to see your open traders and orders ? It will help me to understand your technique, of course if you don’t mind.
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