Disliked{quote} https://www.youtube.com/watch?v=fK_j...el=KingofForex Goodmorning to all. My friend look at this video and how he was not able to close positions because of the price running too fast.. try to repeat that it is not a live account...Ignored
I have encountered this on my live account when the price moves fast, as you try to close, it takes a bit longer to execute. I would think that if it was a demo account, it would close instantly because it is not real money.
On another note, I would have to totally agree with Chhico's previous post about using the full version of the EMA strategy. It contains the missing link to determine when to use counter-trending and trending phases of the market. Chhico appears to be a bit more advanced than I am in reading the volume and determining when to counter-trade and when to trade with the trend. I don't trade as often as you all here because I have a full-time job and three kids that take most of my time. I will try to post my trades when I do take them and try give my interpretation of the market.
@Josh1111, you are using the wrong lot size for your 20K account. You should be using .20 lot for a 20K and in this situation should have space out your orders a bit more. Yes you flipped your account in short time with 1 lot for a 10K account but you can also lose quite a bit of money with the incorrect lot size. I know you want to make big profits quick but your account should be able to sustain this deep drawdown. Instead of losing 18K, you would have lost $1,800. Only if you are very experienced with the strategy you can increase your lot size to .20 for a 10K account, but that is also not recommended.
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