DislikedNanningBob, take a look at this. Something interesting happens with the below settings, your reward is greater than the risk (4:3)
Max Draw Down is in absolute value to make things easier.Ignored
Need explanation on Good boy EA 0 replies
Lazy Boy Day Chart Strategy 35 replies
blue boy system 35 replies
new boy 10 replies
DislikedNanningBob, take a look at this. Something interesting happens with the below settings, your reward is greater than the risk (4:3)
Max Draw Down is in absolute value to make things easier.Ignored
Dislikedwhitegoodman,
first thing you need is to go buy a emergency power back up.
I did a couple of weeks ago.
I had just placed a trade and 60 seconds later bingo a power black out....Ignored
Dislikedhmmm thats a little dissapointing cos id want to turn it on when i wake up in the morning, then monitor it at work with my laptop, problem is to and from work it wont be on..... unless i can leave my home computer on all day (no problem) and monitor it at work with my laptop???
how do you get 3 ibfx platforms?Ignored
DislikedNanningbob, I asked some questions earlier that I think you missed. I know you're busy. I'llk condense the question. If I were to go .01 on 8 or 10 pairs, what is the most I could potentially lose if things went bad? Would it be something like $500.00 or ?
If I went live with a $3,000.00 account at .01, I'd like to know the probable biggest hit I could take. That way, I can plan on that, and even set the EA to close out at a loss of a little more than that. This way, I know what I'd be risking for the probable gain on a weekly basis that going .01...Ignored
Dislikedwhitegoodman,
I went that day and bought a $45 APC Ups ES 550 good on my system for about 38 minutes. (useful software come with it as well)
.Ignored
DislikedOk getting extra platforms is easy!
just go and download like you did the first time once you get to the area where it asks what name you want it under (normally says IBFX MetaTrader 4) you...Ignored
Dislikedthat may prove a cheaper option then getting a company to host it on there server, btw verto how much would that set you back?
yeh i need to get a new mobile that can have mt4 for emergencies i think.... xmas is around the corner
will be interesting to see what you come up with Bob, ive been trying to play around with it but dont really understand it as of yet....Ignored
DislikedBob,
In your reply to paradoxical you mentioned "Starting in a good spot" talking about turning on the EA.
What in general are you looking for to open the EA?
I know you want to open around the Asian open but what "Other" considerations are you looking for as well?Ignored
DislikedI am sorry if I missed your post. I try to answer everyones questions if I can. So please accept my apologies.
It will differ from currency to currency but it will be in the 800 dollar range if you use 9 levels. 400 dollars if you use 8 levels. You then subtract profits already made for the difference. You really want to use currencies that wont take it that deep.
The probabilities: in 7 years of information there are only 14 currencies that have ever gone over 700 pips in one day. If you check my 7 year currency fact sheet you will see which...Ignored
DislikedBob,
Thanks for that detailed reply. That's what I needed to know. I'll use 8 pairs and pick the safest ones from your list. I realize that the more pairs I add, the more of a potential loss I could suffer. $800.00 for 9 versus $400.00 for 8, and I imagine if I used 10 pairs, it might be an exposure of about $1,600.00 or more, and all this trading at just .01
Now, all I need do is test 8 pairs and see what the return per week in dollars is. That will give me the risk to reward I'm looking for. For instance, if going .01 using 8 pairs returns an...Ignored
Dislikedlacking retrace atm, fair bit of drawdown on all 3 demo strategies... still 4 hours till i close shop for the night...we shall seeIgnored
DislikedI am running dime lots just to see what happens and it is very interesting. As the market moves in one direction the profits are just a couple of hundred dollars from the deficit. I am running just over 700 dollars in the hole but my take proft is at 500. So my running deficit is at 200 +, If the market ever reverses I will make a killing, if it doesnt my losses wont be so bad for playing .10 lots. I am running the 20 pairs. I will keep you informed but it is looking more and more that the best way to run this is to run many pairs not just a few....Ignored