Disliked... The 4H is first the 1H is second. Hope this improves your trading decisions....Ignored
Thnx
Need explanation on Good boy EA 0 replies
Lazy Boy Day Chart Strategy 35 replies
blue boy system 35 replies
new boy 10 replies
DislikedThis leaves me somewhat baffled: isnt 100*80 hardwired to daily TF like 100*40 d1? Or it uses TF of the chart it is attached to?
ThnxIgnored
DislikedThis leaves me somewhat baffled: isnt 100*80 hardwired to daily TF like 100*40 d1? Or it uses TF of the chart it is attached to?
ThnxIgnored
DislikedHi Nanningbob,
I notice you mention the largest daily range for a currency being 800 pips(for example) over a 7 year period....Ignored
DislikedNanningBob, would like to know your assessment of increasing trade sizes with increasing account equity. I mean, with 100*40, I successfully took demo 5000 standard account to 10000, then increased to 0.02 and I am taking it to 20000 (rising steadily). Then I plan to put in 0.03 and take it to 40000.
-What is your assessment of this strategy?
-If I do this live, how do you think broker would react? You think its safer to keep below 25000 threshold (this is IBFX limit for mini accounts, as far as I know)?
-Would you rather manage more small <5000...Ignored
DislikedNanningBob, would like to know your assessment of increasing trade sizes with increasing account equity. I mean, with 100*40, I successfully took demo 5000 standard account to 10000, then increased to 0.02 and I am taking it to 20000 (rising steadily). Then I plan to put in 0.03 and take it to 40000.
-What is your assessment of this strategy?
-If I do this live, how do you think broker would react? You think its safer to keep below 25000 threshold (this is IBFX limit for mini accounts, as far as I know)?
-Would you rather manage more small <5000...Ignored
DislikedParadox, basically the answer is yes; just to be safe i explain:
On mini:
- demo mini account with 500$ starts with 0.01 start position (value 1 cent)
if i want same risk proportions on standard, I multiply base capital *10, start lot size stays 0.01, and because of standard account this it is automatically multiplied by 10 and so:
- demo standard account starts with 5000$ with 0.01 start position (value 10 cents)
If I do like that, risk and probabilities are the same, only money numbers are ten times greater.
My basic question basically revolved...Ignored
DislikedThat is how I originally set this EA up. (I am trading 18 pairs) You take every day or 2 days what the market gives you. This is how I trade this. Because we have had a slower week I have only closed all once this week. The currencies are ranging so there has been no need to do daily closes. I have not had one currency go over 4 levels deep. I will write more this weekend on how I am doing that.Ignored
DislikedLooking forward to learn how u would trade 100x80. I got burn several times on trading AUDNZD alone. I'll switch to 100x80 next week and hope i could make a recovery. What's ur profit trading 100x80 this week ?Ignored
Disliked0.05 lot is a bit of a big leverage for a $2000 account and there is potential of getting a margin call. But now ur account is up to $3000+, it shouldn't be a problem. I think it's better to trade 0.03 lot on $2000 and change to 0.05 lot when reach $3000.Ignored
DislikedI agree, when I go live I will start at .02 or .03 but I like using a bigger number when I demo to see if it will overwhelm the amount used. If it survives .05 at 2000 then I feel good about using .02 or .03 with 2000. I always test with my demo what I want to do live just to see if it feasible. I also try to trade it like it is live. I want the real feel before the real thing.Ignored
DislikedAt present I am only going 8 levels deep or 6-700 points. Going deeper is using numbers I would never trade with, meaning I would not use enough money to cover that kind of depth. When I demo trade I trade like I would live. However, to learn how an EA or system works I will use large money accounts to see how deep the negatives will go.Ignored
DislikedOk I think I have a successful way of trading the 100x80 for almost any market. Does not mean you will profit every single day but it will keep you out of disaster trades and keeps the losses under a manageable control. For those of you that have followed me I thank you. Some of you have written me personal notes and I hope to make not only my life a little better but yours also. I think this will work under any market conditions and with 1500-2000 minimum this will work. First let me show you the chart and then I will tell you how I did it.Ignored