How come the max No of trades = 43.2 ??
Isn't it 3.6x2 = 7.2 ?
Isn't it 3.6x2 = 7.2 ?
1
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Disliked{quote} Consistency is calculated Weekly. So if you trade 10 lots average last week and then 50 lots average this week. You will not break the rule. It's calculated minimum of 3 days to get the average, then they divide by 2 to get your minimum lot/trades, and multiply by 2 to get your maximum lot/trades for that week. I created an Excel sheet to monitor my consistency and ensure I am not breaking it. So snapshot below says I am ok with consistency. If you make too many trades to count, go to FXBlue, you can get your total lot size for the day and...Ignored
Disliked{quote} Clear as mud Really I suppose it's just a matter of keeping lot size AND the number of trades consistent? Because I can be trading 1 lot but if I open 10 trades of 1 lot then really I'm trading 10 lots. So I suppose the formula is to stop people from doing that too. What about using a margin calculator? In actual fact, Fidelcrest's margin rule is probably easier to follow although if it wasn't so strict, i.e. if you exceed the margin rule by $1, they kick you out, then they would be an option but as they are...Ignored
Disliked{quote} Consistency is calculated Weekly. So if you trade 10 lots average last week and then 50 lots average this week. You will not break the rule. It's calculated minimum of 3 days to get the average, then they divide by 2 to get your minimum lot/trades, and multiply by 2 to get your maximum lot/trades for that week. I created an Excel sheet to monitor my consistency and ensure I am not breaking it. So snapshot below says I am ok with consistency. If you make too many trades to count, go to FXBlue, you can get your total lot size for the day and...Ignored
Disliked{quote} Clear as mud Really I suppose it's just a matter of keeping lot size AND the number of trades consistent? Because I can be trading 1 lot but if I open 10 trades of 1 lot then really I'm trading 10 lots. So I suppose the formula is to stop people from doing that too. What about using a margin calculator? In actual fact, Fidelcrest's margin rule is probably easier to follow although if it wasn't so strict, i.e. if you exceed the margin rule by $1, they kick you out, then they would be an option but as they are...Ignored
Disliked{quote} Yep. I'm afraid that it's just poor MM with me. Got a good system but my MM is shocking! That's a very good idea of yours. Lmax apread on Gold is actually not bad although it doesn't float like FPm or Tick mill which is a pity when one is looking for the perfect entry. Anyway as long as one trades it exactly as one would a "live" account should be a great ideaIgnored
Disliked{quote} i don't know if you eventually figured this MM thing out as i'm still reading through the thread but.... your previous posts talking about "anything less than the large accounts that allow for $5000 daily loss limit are a waste of time and more difficult to pass" already shows that you may not really understand how lot sizing and MM should work. When managing your risks, it shouldn't matter what the daily loss limit or the account size is. All that should matter is how much percentage of your account size you decide to risk per trade.. THINK...Ignored
Disliked{quote} Hey Bud, went back to the old superman thread of you know who. So, someone finally proved he is a scam? Feel sorry to the guy who let him trade his money. LOL Suckers are born everyday. And I guess the you know who. Left FF now? I think his account needs to get banned.Ignored
Disliked{quote} Thanks for that very extensive and concise post! I suppose a wrap over the knuckles is long overdue Yes you have a point. A lot has been written about good MM and it's vital. As well as having a set stop loss. My real problem though was my trading system/strategy which was built around adding to losing trades. Dangerous to say the least. Generally people tend to last longer with the larger drawdown allowance which is why I prefer the larger account but Maflip and few others have proven that one can succeed...Ignored
Disliked{quote} For M15 trading the Bill Williams system, I just look which pair in this top 5 at the daily, if there is any HH/LL on the daily bar (previous), I then switch to M15. That easy. If there is nothing like that the previous day I just day trade. How hard is that? Entry rule is similar to my post at #409. Off course that's not the entire system, but it might be a good start. {image}Ignored
Disliked{quote} Hi bro Saw all your likes - How many times did we not warn people on that thread about you-know-who!! Oh my goodness - and we were called all sorts of names. But the proof is the pudding as always!!Ignored
DislikedI also joined last week but now I find their consistency rule to be really bothersome. It forces me to take more trades in a busy day. Then there is the monthly subscription fee. Also take into account very low profit share during the first 3 months. {image}Ignored
DislikedI also joined last week but now I find their consistency rule to be really bothersome. It forces me to take more trades in a busy day. Then there is the monthly subscription fee. Also take into account very low profit share during the first 3 months. {image}Ignored