Diskusija

First trade for verification purposes, not part of system.

I am unable to open a ECN demo under 50k so I will be reducing the risk percent from 20% to 10% as at around 100k the account will cap out at 50 lots and I want to avoid that for a while because when the cap is hit it inherently reduces both profit % and risk %.

For the moment, the EA is not active. There are some serious spread issues due to market volatility, some pairs are trading at 3x their usual spread. This directly affects the profitability of the EA.

This is the last demo account to test this EA before I go LIVE.

The account is now officially verified.

25 lots traded on a 50K account?? How long are u in the business? Have u ever traded live in this way???😲

pc8multifx posted:
    25 lots traded on a 50K account?? How long are u in the business? Have u ever traded live in this way???😲

Its not the lot size that matters. In fact, the EA calculates the lot size based on my SL position and risk % desired. In this particular case, Im using 10% risk and the EA calculated that with the SL position, 25 lots was the size to maximize the trade.

Just double checked... that 25 lots was assuming a 20% risk, not 10% risk... I had reduced it from 20% to 10% after that trade opened realizing Ill hit my 50 lot cap to fast.

10 x hit of SL in a row and u are out of the game.... better to trade with max 2% risk

To each his own I suppose. I dont mind loosing 20% of my account or even 100% of it. I would rather go balls-to-the-wall than trade scared.

You didnt see the earlier accounts I posted here, the last one had a 400% profit in about 2.5 weeks. The system is designed to survive 3 losses in a row, the 4th recoups those losses and makes a profit usually (precluding friday close). On top of it, trading 4 pairs at the same time further reduces the overall risk.

Ive been a forex investor for a little over a year now. I am not here to retire when im 65 and can no longer enjoy having money. Im here to retire by the time I hit 35 which is just a little more than 1 year from now for me.

I recently went from 6k in September to 15k in October using some of the same strategy and starting next month I plan on using this new revised version.

Think of it like this 3 losses = 10 8 6.4 5.12 whereas 3 wins = 10 16 25.6 40.96... so even if I do have 3 losses in a row, a rarity, that 5.12 can turn into 8.19 13.11 20.97.

The funny thing is, thats with 55% win rate.. and ive recently found a way to increase the win rate to 85% which resulted in 490k in 6 weeks.

I understand that the typical investor needs to stick at 2 or 3% risk... but Im not married, I have no children, and I have nothing else to do with my money so why not.

With any luck, a couple months from now youll be silently calling me a lucky bastard :)

Good luck !

 Probably i will call u a hopeless case....😀

BTW, which broker do u intent to drive to bankruptcy?

I added GBPJPY yesterday and EURGBP today.

EURGBP has been experiencing some significant range drops over the last year and especially lately which has made it difficult to work with, so it wont open trades very often, maybe once a week, but should have 90-100% win rate.

On a side note, everything has changed over the last year. GBPJPY this time last year had daily ranges at 350 pips, now it barely makes 220 pips. EURJPY this tiem last year had daily ranges at 320 pips, now were at 180 pips. EURGBP this time last year had daily ranges in the 150 pip range, and now were at a pathetic 80 pips.

My research has show that scaling your TP and SL with ATR helps this system alot, so for now, I am doing weekly studies manually and adjusting SL/TP accordingly.

Heres a funny thing; in addition to this account, I also have the EA working on a small live account (same broker) and another demo account (different broker). Last night my live account opened a buy on GBPJPY, but neither this account or the other demo did. After researching it seems both of the accounts missed the buy trigger by 1 pip. I attribute that to the fact that my live account is ECN and the spread might have jerked just enough to trigger the buy.

Anyway, that buy order ended up being a loss and after reviewing the trade there was every indication that it was valid... wierd holiday trading ftw. - On another note, this account is up 46% (equity) as I write this which is also promising.

Booyah, 91% profit in one trade, lol, and two more profitable trades in the works. I dont think im going to be able to keep the EA from capping lots no matter what I do, the only reason these two trades arent over 20 lots is that they were opened before the first trade closed and the lot size is based off margin, not equity or balance.

As of 20:00 GMT+2 my broker reduced margin leverage to 1:33 from 1:200. At this time I am disabling the EA's until 1/3/2010.

thats a joke..isnt it?😲 U cant go live with such a broker

jriechers posted:
    To each his own I suppose. I dont mind loosing 20% of my account or even 100% of it. I would rather go balls-to-the-wall than trade scared.

You didnt see the earlier accounts I posted here, the last one had a 400% profit in about 2.5 weeks. The system is designed to survive 3 losses in a row, the 4th recoups those losses and makes a profit usually (precluding friday close). On top of it, trading 4 pairs at the same time further reduces the overall risk.

Ive been a forex investor for a little over a year now. I am not here to retire when im 65 and can no longer enjoy having money. Im here to retire by the time I hit 35 which is just a little more than 1 year from now for me.

I recently went from 6k in September to 15k in October using some of the same strategy and starting next month I plan on using this new revised version.

Think of it like this 3 losses = 10 8 6.4 5.12 whereas 3 wins = 10 16 25.6 40.96... so even if I do have 3 losses in a row, a rarity, that 5.12 can turn into 8.19 13.11 20.97.

The funny thing is, thats with 55% win rate.. and ive recently found a way to increase the win rate to 85% which resulted in 490k in 6 weeks.

I understand that the typical investor needs to stick at 2 or 3% risk... but Im not married, I have no children, and I have nothing else to do with my money so why not.

With any luck, a couple months from now youll be silently calling me a lucky bastard :)

My kind of a trader Go fot it! Hopefully you will be selling this system soon!

jriechers posted:
    As of 20:00 GMT+2 my broker reduced margin leverage to 1:33 from 1:200. At this time I am disabling the EA's until 1/3/2010.

Switch brokers!

They only did it for the holiday period which makes sense with all the bank holidays there will be serious liquidity issues. I didnt plan on trading during this period anyway, long before I got the notice (couple hours before) that they would be doing that.

Ive switched brokers before, from FXDD to FXOpen to avoid the FIFO rules for american brokers. It was a hassle and in the 10 months Ive been with FXOpen I havent had any other issues.

Demo trading means nothing... To recommend a broker by demo trading experience is a bad joke

Regards the reviews its an unregistered kiss my ass broker.. Fixed spread together with ECN STP??? LOL.... that tells me everything.

Traders beware!

I reported the post, hopefully its removed.

Thats odd, while Im not going to complain about the nice gain, fxbook is reporting 4 trades on gbpjpy opened at the same time and closed at the same time with 3 of the 4 being equal lots of 3. It was only one trade, something is wrong.