DislikedHi Chips and Courtneywild and of course the Forexfactory’s team
I’m a new member of ForexFactory therefore I’d like to thanks all the peoples involve in the building of this great site.
[size=3][font=Calibri]I want to thank you for all the time and energy that you’ve spend in this thread to develop the Pitbull system after Brijon left and despite the sarcasm of some peoples. It’s amazing to see people like you helping other to improve their trading skill without expecting...Ignored
Practice and you will find what suits you best.
For me I like to renew the basket everyday.... I close it out at end of day and with such small lot size .01 there is not much DD to absorb and sometimes a profit.
I prefer to have a fresh basket everyday because news events can trigger big move which scew the the basket.
I see no reason for why you cannot run the basket on demo and trade the bottom pairs live. However as the basket is such small lots its debatable if its worth it... the margin use is tiny.
The challenge is if you let a pair go into large DD then you may have to wait a long time for it to retrace the cycle. So trade the profit pairs and deal with the DD.... Either lock it or hedge it with larger lot size... whilst building equity. Both of these methods are of course not guaranteed to quickly solve the challenge.
I have used a twice size lot and when the hedge trade = the DD pair close them both at just over BE on equity. So although you have a loss trade you have and = or slightly larger win to offset. remember that in this situation the loss trade and the hedge trade can both be at large loss while and if they cross over. All this take a ton of practice...
There you have it... and no doubt here it comes....