DislikedHello Nanningbob,
I found the fact sheet. Interesting, although times change rapidly, but it is a good start.
In fact I don't mind that a currency moves 600 pips a day as long as there is a retracement of 100 pips in between.
I am with a group on another forum working on a Martingale EA, therefor I thought I could trim the settings according to the retracement facts.
Anyways, thanks and all the best for 2010.
Happy TradingIgnored
Also study the EUR/CAD, USD/JPY, EUR/USD, moves of December 2009. They would be killers of martingale trades. The long drawn out trends that rarely happen but do are killers of martingale and multi-level trading systems. Understanding them and knowing how to get out of them is the most important thing you will learn trading these kind of systems. Also IAMTHAT has wriitten a great EA found in my 60x90 thread using pending orders in the EA instead of market orders which help keep you out of trouble. Good luck. With the 2.4.2 recovery system I feel my account can handle a trade that goes a 1000 pips against you and still survive.