Oh Hudi - I feel your struggle. You have pushed yourself into the corner. You can not admit your defeat here, I fully understand that. So go on with your naysaying. But for all the other members of this forum this is a very valuable lesson.
He describes a basic averaging technique. Ok .. so what? This technique alone does not make a system profiatble long term. But as he never reached that level, he cannot be blamed for that. So yeah, averaging is something that people may dislike, thats ok, but it is a valuable tool relying on higher leverages. I worked long and hard to build strategies that partly involves grid/averaging. And if you just ignore Hudis hate you would see that the system is risk free already, even if it would blow out now. Why? Because more money already went out than in!
Now you can go on with your rant to cover your own inabilities.
Surprisingly, a very popular driving video game shows exactly how to reach to the grids edge.
To sell the message of beeing profitable is more important to you than actually being profitable.
You really have to adjust your tin foil hat. I am truly entertained by your timeconsuming detective journey on your conspircary theory thread.
You are accusing me for giving my opinion somewhere on the internet on a strategy!? Who are you?!?!?
Whether this mentioned EA is sold or not, the FXCharger is not my code, unlike the systems shown some posts ago. There is not a single advertising or emphasizing from my side on a specific product on this forum. I did never and will never sell or advertise anything!
I am fed up by people like you who are unable to achieve success here and transfer this inability into selective "scientific" arguments for their failure.
You can keep claiming that I am only lucky or whatever .. I claim otherwise. Until now I am right! You have to accept that, whether you like it or not.
What you do not understand is: Everything you are saying is your OPINION.
What I am showing is a FACT.
No matter how long or hard you are repeating your opinion - it stays what it is. Simple as that.
ASIC's proposal to reduce leverage to 20:1 for fx retailers will likely be strengthened by recent leverage changes in Singapore
FX Leverage Cut to 20:1 in Singapore
I think what's most ridiculous about this is that it actually puts traders at much more risk because they will need much more money in their accounts (bucket shops) in order to meet trade size requirements.
That is money now exposed to the market and so if you're caught in a trade when the market crashes or flash crashes or fat finger flashes there goes your account
The best thing about high leverage is that you only need 10-20% of your equity actually deposited in your trading account to trade.
Limiting leverage will never stop fools being fools. It's just another government intervention that will actually make things worse. History is littered with them.
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