last Friday, i had open 5 baskets together just for testing purpose, and DD gone total ~35,000, and received margin call by midnight sometime and finally broker cutoff my trades, but still i get ~ 4300 something.
Lesion.. Don’t trade more than one basket (whole basket) under one account.
Why? …reason is simple; you may don’t know which basket is ripe under profit, and which basket is not.
Most of time CHF basket and GBP, CAD basket moves against USD, JPY each other if you open more basket together you may find always almost zero profit (its nearly fully hedged no profit, no loss , you might not judge which pairs or basket close at first)
Breakout pairs.. Its good all the time.. And can trade under one account... but don't trade more than 5 pairs..reason is simple, trade those pairs which are highly potential and you can easily watch them.
Overall after analysis my all trades, I found I can put max stop loss at 50pips away from order price, ST 30pips also can do but due to uncertain market move may hit stop loss easily. And if you cannot keep track on your order you may roughly target take profit 50pips from order price, which you can easily get. (Rest you may do it and discover it)
Lesion.. Don’t trade more than one basket (whole basket) under one account.
Why? …reason is simple; you may don’t know which basket is ripe under profit, and which basket is not.
Most of time CHF basket and GBP, CAD basket moves against USD, JPY each other if you open more basket together you may find always almost zero profit (its nearly fully hedged no profit, no loss , you might not judge which pairs or basket close at first)
Breakout pairs.. Its good all the time.. And can trade under one account... but don't trade more than 5 pairs..reason is simple, trade those pairs which are highly potential and you can easily watch them.
Overall after analysis my all trades, I found I can put max stop loss at 50pips away from order price, ST 30pips also can do but due to uncertain market move may hit stop loss easily. And if you cannot keep track on your order you may roughly target take profit 50pips from order price, which you can easily get. (Rest you may do it and discover it)