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- trevwest replied Nov 2, 2014
all I have to say is.... image
- trevwest replied Sep 7, 2014
Yep, thats why oanda is the only option... just using one account you couldnt cash out your newer trades thanks to horrible FIFO regs... use a subaccount for each trade with oanda, its treated as a different account. At least for now. but that only ...
- trevwest replied Sep 6, 2014
Pretty interesting stuff, Bob... kind of like paying cash for a house and living off the rent. I guess with Oanda you could still do something in that fashion using subaccounts for each trade... but I think they cap you at 20 accounts, so have to ...
- trevwest replied Sep 1, 2014
On top of that, if you did have $2500 and 10 trades on, if they all hit their 25 pip stop, you would lose $250.. 10% of your account gone. In my opinion at $2500, at $1 a pip, you shouldnt have more than 1 trade, risking 1%..
- trevwest replied Sep 1, 2014
And, by the way, for $1 a pip on a USD based trade, the margin requirement is around $300, so no, $1000 is not enough to have 10 trades on.
- trevwest replied Sep 1, 2014
You can adjust your lot size to anything you want to make your margin use comfortable. On Oanda, when you are entering a trade, when you enter how many units your lot size it, the trade calculator will instantly tell you how much margin is required. ...
- trevwest replied Aug 5, 2014
Been enjoying the euro/usd-usd/chf hedge the last couple months.. just let it hang around til its 1% in my favor... start again next day... usually pick up 1-3% a week.
- trevwest replied Aug 1, 2014
Oanda has been FIFO for several years I believe... its pretty easy to get around, either use subaccounts or slightly different lot sizes... FIFO only makes you close the oldest order if its the same lot size... so if you have a 1 lot eur/usd long ...
- trevwest replied Jul 30, 2014
Hi Dave, Looking into trying this out on about the same budget, haha... I have a question on your margin though.. Shouldnt your % margin used be based on total margin, and not available margin? Trev
- trevwest replied Feb 28, 2011
good basis — Well you are on your way. Forget the 15 ma, and just trade price moving out of the channel. add lots every time you are a few hundred pips in profit. The big drawdown occurs when price hovers around the channel and you get ...
- trevwest replied Feb 15, 2011
Well, sure. I don't just arbitrarily want it to be 1:1. But if the system is hitting tp2 anywhere near as often as tp1, why limit your gains? I will take a 70% 1:1 system over an 85% 2:1 because it will always make more $ over the long run.
- trevwest replied Feb 15, 2011
tp 2 — How often are you hitting the 2nd profit level? I really dont like the risk:reward of the first one. If the TP2 is being hit more than 60% of the time, why not just use that for every trade?
- trevwest replied Jan 4, 2011
eur/chf weekly chart — Price has been testing the 1.24 waters going on 3 weeks now, and so far has found it too cold... I would like it to take the plunge and get some more profit off my short at 1.32... IF my 1.27 stop gets taken out, will ...
- trevwest replied Jan 4, 2011
nice little setup — Closed long cable for +44... I dont usually trade less than D1, but I was bored...
- trevwest replied Mar 22, 2009
still here — Hm has it really been 12 days since I last posted?? Been busy with midterms and computer issues... loking at my last post I see I said I was going to stop using trailing stops... and then I forgot all about it, haha. I did use a ...
- trevwest replied Mar 9, 2009
trade #28 — Trade 27 hung around for a few days, but finally ended up losing 51 pips. I have been manually backtesting over the weekend, and it appears that a trailing stop is not the best option. So I am going to continue with 100% atr5, but ...
- trevwest replied Mar 5, 2009
update — 27 still going. still in profit, around 60 pips at the moment. price dropped under 1.2500 again, but rebounded. Looks like today will be a bearish inside bar unless price moves dramatically in the next few hours. Of course theres nfp ...
- trevwest replied Mar 5, 2009
update — well 27 still hanging in there... back in profit even. asian session pulled price down a bit. europe tends to reverse asian momentum, so could get taken out still...
- trevwest replied Mar 4, 2009
update — blah, 27 is still hanging in there... price has come within 3 pips of stopping it out... currently about 15 pips away. Not making good decisions lately.. would have been stopped for about 50 pips profit if i would have stuck with the ...
- trevwest replied Mar 4, 2009
update — Trade 27 still in action, currently up about 120 or so. 200 pip trailer wasnt needed. a 100 pip stop would have about 50 pips locked in, but with the 200 ts, could still lose around 50... not much going on with dow, lost a half ...