ForexScotty Manual - Live (Od forex_trader_282486)
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ForexScotty Manual - Live Diskusia
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Nov 11, 2015 at 18:08
Členom od Oct 25, 2015
57 príspevkov
Effective November 10th, began trading manually. Prior to this was an MQL EA called Microbot. I do not recommend it.
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Nov 18, 2015 at 20:09
Členom od Oct 25, 2015
57 príspevkov
I don't like the way MyFxBook calculates drawn down. I was down $80 on a $600 account. That is not 58%
forex_trader_29148
Členom od Feb 11, 2011
1916 príspevkov
Nov 18, 2015 at 22:58
(upravené Nov 18, 2015 at 23:00)
Členom od Feb 11, 2011
1916 príspevkov
yes your real dd is 10% are you using some marti components?
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Nov 18, 2015 at 23:20
(upravené Nov 18, 2015 at 23:20)
Členom od Oct 25, 2015
57 príspevkov
Hi Rob,
I use a limited doubling in lot size to average down my trades if the trend is solid. Only to 5 grid levels. I do not use an individual trade stop loss, but an EA that will close all trades on the account if overall equity reaches a certain amount.
I just don't like the fact that myfxbook calculations are not accurate.
I use a limited doubling in lot size to average down my trades if the trend is solid. Only to 5 grid levels. I do not use an individual trade stop loss, but an EA that will close all trades on the account if overall equity reaches a certain amount.
I just don't like the fact that myfxbook calculations are not accurate.
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Nov 19, 2015 at 02:28
Členom od Oct 25, 2015
57 príspevkov
It works VERY well as long as I do not make a mistake on the entry like I did tonight on the AUDUSD. We will see if my averaging down program works to get me out of this one.
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Nov 19, 2015 at 13:37
Členom od Oct 25, 2015
57 príspevkov
Was able to close out the AUDUSD trade for a small loss. Better safe than sorry.
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Nov 19, 2015 at 18:14
Členom od Oct 25, 2015
57 príspevkov
Now I am thinking of dropping the averaging down strategy. It uses a light version of the martingale, and since my trade entries are accurate 80% of the time. Why place the extra risk?
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Nov 24, 2015 at 15:23
Členom od Oct 25, 2015
57 príspevkov
Found a bug in one of my EA's - one was affecting the other. Had to close some trades Manually for loss. Shame.
Členom od Nov 20, 2015
23 príspevkov
Nov 25, 2015 at 07:30
Členom od Nov 20, 2015
23 príspevkov
Since its looking good... Keep it going!
Work Hard and Play Harder!!
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Dec 01, 2015 at 14:01
Členom od Oct 25, 2015
57 príspevkov
Professor53h posted:
Since its looking good... Keep it going!
I've been reviewing my trades and it is great when the martingale style recovery works, but the risk to reward is just not there. Once again, I am in the 5th level of the grid hoping to recover. I don't like the idea of 'hoping' to recover. When I look at my history and see time and time again winning trades where the martingale was not necessary and the session's trading would have resulted in 100 pips in gains if I had only used a standard stop loss of say 30 pips where that level would have been the first level of the grid.
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Dec 01, 2015 at 14:12
Členom od Oct 25, 2015
57 príspevkov
Not to mention that without having to spare my equity for the eventual martingale, I can trade with higher lot sizes
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Dec 01, 2015 at 15:33
Členom od Oct 25, 2015
57 príspevkov
Sooner or later, martingales will bite you on the butt
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Dec 01, 2015 at 20:13
Členom od Oct 25, 2015
57 príspevkov
Adjusted custom analysis dates starting today. Manual trading WITHOUT the martingale
Členom od Nov 20, 2015
23 príspevkov
Dec 02, 2015 at 07:58
Členom od Nov 20, 2015
23 príspevkov
So whats your perferred stop loss changed going to be set at?
Work Hard and Play Harder!!
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Dec 02, 2015 at 11:29
Členom od Oct 25, 2015
57 príspevkov
Since the first level of the grid was set at 30 and was rarely used, I start there
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Dec 02, 2015 at 13:46
Členom od Oct 25, 2015
57 príspevkov
Don't get me wrong, I enjoy the martingale when it does well. I just think when it goes bad, it goes REALLY bad.
forex_trader_282486
Členom od Oct 25, 2015
57 príspevkov
Dec 02, 2015 at 15:00
(upravené Dec 02, 2015 at 15:02)
Členom od Oct 25, 2015
57 príspevkov
But, I will still play with it on this account. I changed the martingale calculation to 1.7 which allows me to keep 7 grid levels. But saying that, I think I will only keep it until I gain more confidence in my entries, then drop it. It is a nice security blanket to have...until it all goes bad. LOL
Členom od Nov 20, 2015
23 príspevkov
Členom od Nov 20, 2015
23 príspevkov
Dec 10, 2015 at 07:59
Členom od Nov 20, 2015
23 príspevkov
Scotty.... my latest chart and cleared out the others.. take a look.
Work Hard and Play Harder!!
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