Went over my losses. $500 so far trading with 1000:1 leverage. The problem being I can't have smaller position sizes to scale in like with the Oanda account. I think that makes a big difference. With Oanda, I can have the same size account balance of $100 like Tradersway, but I trade really small fractions of a lot, 10 times smaller than with Tradersway, even though it is 20 times less leverage. It is good for testing strategies. I have been testing chaos theory strategies lately so no surprise I have losses, not a proven system like my scale in snowball strategy in earlier posts, that had me consistently profitable. That was with a few thousand dollars though, and I had drawdown of up to $500 at one point pretty much the same as my losses with Tradersway. I broke even with FXGlory and pulled my principal out. Dubai, supposedly, without an address. Nice that I got my money back. Too many restrictions there.
I still am trying to master not only the tightest stops but set and forget. I think with fib spirals Bill Williams is correct that it is the holy grail of trading. I still don't know what he meant by 5 finger boogie though. I am really behind on math and have to start at the algebra level but will again get to calculus. Programming is going slow, hardly any progress. Part of the problem is there are so many bots already out there why bother. I am shopping and perhaps will try Optimus and deposit the $2.5k to get their MT5 bot.
Stopped out of silver. Re-entered. This account was originally $200 so scalping draw down is bad here. Deposited more into MT4 and am going to keep going. The change being I will try to hold on to positions as long as possible and not exit a position unless there is also a runner.
