Quoting coolhandDislikedbill, here is the copy that I found. I think it's the only one out there.Ignored
Thanks, coolhand.
Bill
- #1,142
- Oct 3, 2006 1:49pm Oct 3, 2006 1:49pm
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #1,144
- Oct 3, 2006 2:16pm Oct 3, 2006 2:16pm
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #1,146
- Oct 3, 2006 8:15pm Oct 3, 2006 8:15pm
8 week update with my real account. I am now on 192 winning trades with one loss [a few weeks ago]. The account balance has grown to $7,280 from $5,000 with the Open Trades about $430. This is one a variety of 63's, mainly 63G and for the past 2 weeks, 63H03. Upon using the latter, I now use 15Min MA on the 5 Min Chart. The Take Profit as been set to 25pips and NO other interferance is given. The pairs are; Eur/$, $/Can, $/Oz, Eur/CH. This is on Interbank, who seem to very good.
That is more than I can say about FXDD. I have a few accounts open [being a trader for 8 years], but I thought another one for FB wouldn't do any harm.... mmmh..
I filled in the forms and indicated that I would open a MINI account with $4,500. FXDD say that you HAVE to have a minimum of $5,000 to open a Regular Account.
I started trading it on Monday last week, it made two trades [with 63H] both of them wins. Then nothing, no trades at all on Tuesday and Wednesday until I sent FXDD at email on Wednesday [the Interbank accounts and FXDD Demo were getting trades in this time]. All of a sudden, it started trading by having 4 trades in seconds at 8.30 [news time]. BUT, when I checked they were on a BIG Account, not a mini. I suddenly realised that I was -$770 in the red [negative/losing] and this was one an account that only had $4,500 in it.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o>
So I turned off the Auto 63H and manually traded the 4 trades. I worked out [on a 30m chart] where the Fibonacci retracement were and ‘sat it out’ To cut an even longer story short, I made money, closed them all in profit and walked away with nearly $480 for the nights work.<o></o>
But it has left a ‘nasty taste’ in my mouth about FXDD. If I hadn’t seen the trades and it had opened the full 6 pairs, I could have been wiped out in no time. If I had a normal Stop Loss [instead of 300 pips] I would have been stopped out in minutes.
BTW, FXDD didn't reply to the two emails I sent on Wednesday until the Friday, after I had logded a withdrawal form for all my money!! I did this for the way I had been treated AND also when reading this page; http://www.forexbastards.com/Fxdd.shtml<o></o>
That is more than I can say about FXDD. I have a few accounts open [being a trader for 8 years], but I thought another one for FB wouldn't do any harm.... mmmh..
I filled in the forms and indicated that I would open a MINI account with $4,500. FXDD say that you HAVE to have a minimum of $5,000 to open a Regular Account.
I started trading it on Monday last week, it made two trades [with 63H] both of them wins. Then nothing, no trades at all on Tuesday and Wednesday until I sent FXDD at email on Wednesday [the Interbank accounts and FXDD Demo were getting trades in this time]. All of a sudden, it started trading by having 4 trades in seconds at 8.30 [news time]. BUT, when I checked they were on a BIG Account, not a mini. I suddenly realised that I was -$770 in the red [negative/losing] and this was one an account that only had $4,500 in it.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o>So I turned off the Auto 63H and manually traded the 4 trades. I worked out [on a 30m chart] where the Fibonacci retracement were and ‘sat it out’ To cut an even longer story short, I made money, closed them all in profit and walked away with nearly $480 for the nights work.<o
></o>But it has left a ‘nasty taste’ in my mouth about FXDD. If I hadn’t seen the trades and it had opened the full 6 pairs, I could have been wiped out in no time. If I had a normal Stop Loss [instead of 300 pips] I would have been stopped out in minutes.
BTW, FXDD didn't reply to the two emails I sent on Wednesday until the Friday, after I had logded a withdrawal form for all my money!! I did this for the way I had been treated AND also when reading this page; http://www.forexbastards.com/Fxdd.shtml<o
></o>traderone<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
I am plan to go live with fb-a 25-300-<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:metricconverter w:st="on" ProductID="25 in">25 in</st1:metricconverter> 5m chart because I like that and I think it will be profitable .
<o
></o>First of all , could you pleas share us your EA and your statement which use fb-a 25-300-<st1:metricconverter w:st="on" ProductID="25 in">25 in</st1:metricconverter> 5m chart .
<o
></o>Traderone , you know the management is the first So, I was think how can I mange my account by use this EA fb-a ? I mean , 2 week ago I opened a mini account with 1000$ in interbank fx So ,
<o
></o><o
></o><o
></o>how many pair and lots can I use with this EA without <o
></o>margin call ? 50% in interbank fx ?<o
></o><o
></o>__________<o
></o><o
></o>Can you add minMarginLevel and Maxopen variables to this EA to protect my account from margin call ?? I think there is one has MarginLevel variable but I put it last night without open any order !!? also , do you think if we add these variables is every think will be ok and our account will not call the margin ??<o
></o><o
></o>__________<o
></o><o
></o>I mean how can I use this EA without margin call in my<o
></o>mini account ( 1000$ ) and how can I change <o
></o>the variable in the future when it grow ??<o
></o><o
></o>
- #1,149
- Edited Oct 4, 2006 7:42pm Oct 3, 2006 11:02pm | Edited Oct 4, 2006 7:42pm
traderone<o
I am plan to go live with fb-a 25-300-<st1:metricconverter w:st="on" productid="25 in">25 in</st1:metricconverter> 5m chart because I like that and I think it will be profitable .
<o
First of all , could you pleas share us your EA and your statement which use fb-a 25-300-<st1:metricconverter w:st="on" productid="25 in">25 in</st1:metricconverter> 5m chart .
<o
Traderone , you know the management is the first So, I was think how can I mange my account by use this EA fb-a ? I mean , 2 week ago I opened a mini account with 1000$ in interbank fx So ,
<o
<o
<o
how many pair and lots can I use with this EA without <o
margin call ? 50% in interbank fx ?<o
<o
__________<o
<o
Can you add minMarginLevel and Maxopen variables to this EA to protect my account from margin call ?? I think there is one has MarginLevel variable but I put it last night without open any order !!? also , do you think if we add these variables is every think will be ok and our account will not call the margin ??<o
<o
__________<o
<o
I mean how can I use this EA without margin call in my<o
mini account ( 1000$ ) and how can I change <o
the variable in the future when it grow ??<o
<o
Use the FB v1.0a available in the first post of this thread.
On a thousand dollar mini lot I would trade four pairs at .25 mini lots. I am using the USDCHF, EURUSD, USDJPY, and USDCAD to good effect.
Use the M5 charts. I think 25-250-25 is good. Percent setting is 0.1.
When (we hope) your account grows to $2000 in equity simply change the lots traded to .5 minilots per pair. I use the old rule of 1 minilot per pair per $1000 in account equity. (That would be .1 lot on a standard account).
Be mentally prepared for a drawdown at first. Mine sure did! About 20%. But for the first full month of live trading I have now netted 1060 pips.
Obviously you will not be rich by next year on this method but your risk of margin calls should be minimal I would think.
Good luck.
Don
Life is expensive, but includes a free trip around the sun.
- #1,150
- Oct 3, 2006 11:50pm Oct 3, 2006 11:50pm
- | Joined Jul 2006 | Status: There Are Enough Pips For All Of Us | 179 Posts
8 week update with my real account. I am now on 192 winning trades with one loss [a few weeks ago]. The account balance has grown to $7,280 from $5,000 with the Open Trades about $430. This is one a variety of 63's, mainly 63G and for the past 2 weeks, 63H03. Upon using the latter, I now use 15Min MA on the 5 Min Chart. The Take Profit as been set to 25pips and NO other interferance is given. The pairs are; Eur/$, $/Can, $/Oz, Eur/CH. This is on Interbank, who seem to very good.
That is more than I can say about FXDD. I have a few accounts open [being a trader for 8 years], but I thought another one for FB wouldn't do any harm.... mmmh..
I filled in the forms and indicated that I would open a MINI account with $4,500. FXDD say that you HAVE to have a minimum of $5,000 to open a Regular Account.
I started trading it on Monday last week, it made two trades [with 63H] both of them wins. Then nothing, no trades at all on Tuesday and Wednesday until I sent FXDD at email on Wednesday [the Interbank accounts and FXDD Demo were getting trades in this time]. All of a sudden, it started trading by having 4 trades in seconds at 8.30 [news time]. BUT, when I checked they were on a BIG Account, not a mini. I suddenly realised that I was -$770 in the red [negative/losing] and this was one an account that only had $4,500 in it.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
So I turned off the Auto 63H and manually traded the 4 trades. I worked out [on a 30m chart] where the Fibonacci retracement were and ‘sat it out’ To cut an even longer story short, I made money, closed them all in profit and walked away with nearly $480 for the nights work.<o
But it has left a ‘nasty taste’ in my mouth about FXDD. If I hadn’t seen the trades and it had opened the full 6 pairs, I could have been wiped out in no time. If I had a normal Stop Loss [instead of 300 pips] I would have been stopped out in minutes.
BTW, FXDD didn't reply to the two emails I sent on Wednesday until the Friday, after I had logded a withdrawal form for all my money!! I did this for the way I had been treated AND also when reading this page; http://www.forexbastards.com/Fxdd.shtml<o
Great news on the live account.
Sorry about the FXDD fiasco....
Do you feel like the 63G or 63H03 is working best?
Did you say you don't do the Trailing Stop? TS
Are you keeping them going 24/7?
Are you still using risk of 5.0 and 0.8 lots?
I am anxious to hear your reply...
Thanks
- #1,153
- Oct 4, 2006 1:51am Oct 4, 2006 1:51am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #1,157
- Oct 4, 2006 6:14am Oct 4, 2006 6:14am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
