Like BeachBum, I'm just playing around with these techniques because I too use other methods. But I continue to be amazed with the results. And the bottom line is that the name of this game is making money, not necessarily using your brain. In fact, that can get you in trouble sometimes! 
But you can give yourself some brain wave credit for being smart enough to check out this thread in the first place. So there's no need to feel guilty.
Now it's important to note that these results could be favorably skewed due to the continuing climb of the Pound and the Euro. Only additional forward testing will reveal what happens when they head south for an extended period. As weak as USD/JPY has been lately, this method could certainly get bogged down. But with Bhale's method, you do collect decent interest while waiting for a profitable upswing.
There is nothing magical about the formula I use. It is definitely NOT tweaked to produce optimum results. It just happens to work for me and I'm comfortable with it. Other ratios will certainly produce both better and worse results. And that's were your brain comes back into play.
I've been testing a $5,000 demo account, 200:1 leverage, lots sized at 0.30, and I take profit at 1.2%, or greater, of account balance (that's up from my original 1% T/P mark). I just check in 2 or 3 times a day.
Since 7/3/07, including about $65 in interest, the account is up $818 - the equivalent of about 300 pips.
Again, it's likely that this is just a great time to be testing this method. But those are actual results for those who are interested.
P.S. Keep in mind, there are 2 styles here; Bhale's and BeachBum's. I tested Bhale's. The thread is still short - so re-read it if you're confused.
But you can give yourself some brain wave credit for being smart enough to check out this thread in the first place. So there's no need to feel guilty.
Now it's important to note that these results could be favorably skewed due to the continuing climb of the Pound and the Euro. Only additional forward testing will reveal what happens when they head south for an extended period. As weak as USD/JPY has been lately, this method could certainly get bogged down. But with Bhale's method, you do collect decent interest while waiting for a profitable upswing.
There is nothing magical about the formula I use. It is definitely NOT tweaked to produce optimum results. It just happens to work for me and I'm comfortable with it. Other ratios will certainly produce both better and worse results. And that's were your brain comes back into play.
I've been testing a $5,000 demo account, 200:1 leverage, lots sized at 0.30, and I take profit at 1.2%, or greater, of account balance (that's up from my original 1% T/P mark). I just check in 2 or 3 times a day.
Since 7/3/07, including about $65 in interest, the account is up $818 - the equivalent of about 300 pips.
Again, it's likely that this is just a great time to be testing this method. But those are actual results for those who are interested.
P.S. Keep in mind, there are 2 styles here; Bhale's and BeachBum's. I tested Bhale's. The thread is still short - so re-read it if you're confused.
