Forex Envy Ultra (50% Risk) (Od Michigander)
Používateľ odstránil tento systém.
Forex Envy Ultra (50% Risk) Diskusia
Členom od May 08, 2012
321 príspevkov
Jan 17, 2013 at 21:02
Deathlord;
I really struggle with the thought process and consequences of choosing which pairs to run. The issue always is that I don't know what I don't know. The yen was the problem today, last month it was the pound. As the global currency wars ramp up, every time there's an announcement on who's doing what to their currency, its going to be a problem.
Having said that, please keep me posted on what you decide to trade next time and how it works out for you. I am going to run them all at the reduced risk rate off .5.
Good luck to you!
I really struggle with the thought process and consequences of choosing which pairs to run. The issue always is that I don't know what I don't know. The yen was the problem today, last month it was the pound. As the global currency wars ramp up, every time there's an announcement on who's doing what to their currency, its going to be a problem.
Having said that, please keep me posted on what you decide to trade next time and how it works out for you. I am going to run them all at the reduced risk rate off .5.
Good luck to you!
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Členom od Jul 29, 2011
25 príspevkov
Jan 17, 2013 at 21:08
I'll keep watching you. :D
But I know your problem. I was already at +78% after running it for the second day, and I was really hoping that the jpy wouldn't screw me this time, but ... again it did.
But I know your problem. I was already at +78% after running it for the second day, and I was really hoping that the jpy wouldn't screw me this time, but ... again it did.
Členom od May 08, 2012
321 príspevkov
Jan 24, 2013 at 14:39
I posted this to the Envy usergroups on their web site this morning.
I think I bumped into what I think may be a problem.
I am trading ULTRA on a couple accounts. I started one of them last night and I always like to come back and review settings just to make sure I haven't made a mistake. Before I opened the settings, both the EURUSD and the GBPUSD pairs were on freeze due to the US unemployment numbers tomorrow. If I would have cancelled out of the settings, everything would have been fine, but I hit OK instead. That usually should not be a problem but it is a huge problem when a freeze is on for a news event. When you recycle your settings, the system only looks forward to see what the next news event will be and it does not know that there is a current freeze in place. As soon as I hit OK and closed out the settings on these two pair, they started trading, even though there should have been an unemployment freeze in place. I ultimately had to chicken out to close those trades and to keep them from taking any new positions.
So it looks like if you are on a news freeze on any pair, the settings should not be opened. Is there a way to make the system look back to see if there is a current and active freeze in place when the settings are opened?
I think I bumped into what I think may be a problem.
I am trading ULTRA on a couple accounts. I started one of them last night and I always like to come back and review settings just to make sure I haven't made a mistake. Before I opened the settings, both the EURUSD and the GBPUSD pairs were on freeze due to the US unemployment numbers tomorrow. If I would have cancelled out of the settings, everything would have been fine, but I hit OK instead. That usually should not be a problem but it is a huge problem when a freeze is on for a news event. When you recycle your settings, the system only looks forward to see what the next news event will be and it does not know that there is a current freeze in place. As soon as I hit OK and closed out the settings on these two pair, they started trading, even though there should have been an unemployment freeze in place. I ultimately had to chicken out to close those trades and to keep them from taking any new positions.
So it looks like if you are on a news freeze on any pair, the settings should not be opened. Is there a way to make the system look back to see if there is a current and active freeze in place when the settings are opened?
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Členom od May 08, 2012
321 príspevkov
Jan 24, 2013 at 23:41
Wow, didn't even take 1 day to blow out the account. The USDJPY did it again. Gonna have to pull that from the mix.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Členom od Oct 03, 2010
155 príspevkov
Jan 24, 2013 at 23:46
Hope this is not a live account.
Členom od May 08, 2012
321 príspevkov
Jan 24, 2013 at 23:51
It was a live account. Fortunately, I was working with the profits from the last one that blew so it not as bad as it could have been.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
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