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7000pips!!! You are strong....is it your biggest drawdown?
ummmm....of course I know I must be patient with a certain drawdown, but 7000pips...? ummmm......Ignored
Not on this system, but possible.
Remember, this is my test account, that is why it is a smaller amount using 10 cents with a deposit of 1300.00 US
I maxed it out to do 28 pairs on 1300.00 with 10 cents to see how bad it would get.
This isn't bad in my opinion because I will start closing out the L1's very soon, so those won't grow much. Etc...
If this were a hundred K account, I would be frazzled... haha..
I know I can make it back, and I also know that it will most likely retrace, so I will be patient. If not, then I will take my losses as they come. Life goes on and I will rebuild it quickly.
When I put NB 5.0 back on this account, I was down close to 200.00 from another method. I climbed back 220.00 in a little over a week. So, if I end up losing 500.00, I am ok. I will make it back within 6-8 weeks and will do fine. This move is unusual and I expect 2 of these a year, maybe 3 so even if I trade these and lose I will still be profitable. The key is to keep you head square.
Also, I don't do this amount of leverage in a large account. I am using Bob's, 1 cent per 100.00 and on my larger account, I am doing about .006 per 100.00 instead of .01 per 100.00
EDIT: Plus I made about 200.00 in mistakes (of the drawdown) playing with it and experimenting, so...
We are our own best indicator.