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DislikedAfter a 40% DD on my account, I have come to the painful conclusion that these methods are not for me. I cannot be a no S/L person anymore. The psychology just doesn't fit me. I can't stomach a large drop just to make a few percent at a time. I know that I pushed for a 5-star rating on this thread, and it still may be. There have to be new ways to limit DD, which I haven't learned yet. I'm taking my loss, learning more about myself and my trading style, and moving on.
Good luck to Dreamliner and everyone else here.
GlenIgnored
Dislikedsold: thank you for your demonstration; keep it up
now if I were to trade this strategy I would go for:
1. the broker with the highest leverage 400:1
2. the broker with the highest interest payout
then I would look at highest fall in the past in this pair and calculate the number of open orders for that time and the margin involved.
next I would look at the highest pip loss concerning those open orders.
accumulated interest during that time at todays discounted interest
total outlay (margin + losses - interest) x 2
x2 = to be still in the game if the drop is 2x worst scenario in the past.
this last figure is not more than 50-75% of leveraged account.
starting capital $ 10,000 - leveraged account is 400 x $ 10,000 = $ 4,000,000.
after all these figures I will know how high my order size is going to be.
if there`s nothing wrong with my story, I will dive deeper into this.
any threads which go deeper into this money management thing with very high leverage?
thank you for any helpIgnored
DislikedYes higher leverage will mean higher interest payments. But with this strategy it is also the road to self distruction as you will go through your margin a lot quicker. I am doing this strategy on a 1:50 leverage and experienced 36% drawdown. On a 1:400 my test account would have been toast.Ignored