Today I did the worst thing a trader can do. I did the opposite of what my system told me to do and instead of closing the position immediately I waited to0 see if the market would turn around but it didn't and I got a margin call so now I have lost 25 % of my starting balance. If I did what my system told me to do I would have earned a lot of pips so the system is okay. You can see the rules of the system here http://forexfactory.com/showthread.p...86#post1896886
If slaughterhouses had glass walls, everyone would be a vegetarian!
what does your system tell you to do with a losing trade? you saved a 40 pip loser the other day but if all you do is hold the trade until margin call then it was always just a matter of time before you wipe out. with such small targets you really require the trade to move immediately into profit or it should be quickly cut for as small a loss as possible. Anyone can get a high win rate if they are trading with a bigger stop than their target but in the end a small losing streak wipes out weeks or months of work. Your system maybe able to be traded more safely with a defined stop/profit technique
