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pt49 replied Jul 21, 2013I'm with you there... I'll do it with a sub account at Axi I think.
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pt49 replied Jul 21, 2013The broker is Exness, Russian owned I believe. I think once an account reaches $500 the leverage reduces to 1000:1 then as it gets higher the leverage reduces further. The only advantage I see is the ability to start trading with 1 cent micro trades ...
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pt49 replied Jul 21, 2013Incidently... for anyone wanting to save money to open a live account, if you are a drinker, learn to make your own booze and bank the money you save. I save about $50 a week by making my own poison.
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pt49 replied Jul 21, 2013Well, if I had a job (a safety net) I'd take a lot more risk, but I'm a retired old fart living off the old-age pension, and paying rent... there's not much week left at the end of my money. This is something to pass the time instead of watching TV ...
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pt49 replied Jul 21, 2013I have it set to open a max of 12 trades, and if all 12 trades were to stop out before the next win, then the potential loss is about 25% of the account (25% drawdown potential). It would certainly have to be a very extraordinary event at that.
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pt49 replied Jul 21, 2013Wow... obviously a back test or maybe a forward test demo. If its this good in demo, you'd be a nutcase not to risk a couple hundred dollar live account.
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pt49 replied Jul 21, 2013Problem with a $100 start is that you must have high leverage, which excludes your American readers who have a 50:1 ball n chain. I'm not a big risk taker these days, so the minimum account size I would start with is $1,000 and risk just .01 lot per ...
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pt49 replied Jul 20, 2013The account started as a live $2,000 account when I started the thread end of May 2012. I have added funds several times, and the account is still negative about 15% from when it started, including the fund additions. It has been 100% manually ...
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pt49 replied Jul 20, 2013Backtesting is notoriously flawed. Even a forward test on a demo account has flaws... (are commissions, swaps etc included?), and there is usually no slippage on demo trades. The only test that can be trusted is a forward test on a live (real money) ...
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pt49 replied Jul 20, 2013I think having targets is a mistake also because when we fall behind we feel obliged to try and catch up, and that leads to overleveraging and/or overtrading. I have no target on a daily, weekly or monthly basis... sure the name of my Journal thread ...
All Indicators Trading system
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pt49 replied Jul 20, 2013It was a test of discipline, whether he can do as he says, follow his rules to a T, and he passed with flying colours. Well done Tafa.
You can change your rules in the future so as to trade out the whole week if you wish, just don't do it ...All Indicators Trading system
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pt49 replied Jul 20, 2013Any fool who is an impatient fool is probably an idiot.
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pt49 replied Jul 20, 2013Idiot said... "Since this board has been up for about 24 hours and there have been no other EAs posted, I have to assume that there is no interest in this topic or no one else that cares to post raw EA results for discussion." OK... ummmmmmmmmmmm ...
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pt49 replied Jul 20, 2013There is NO easy way to win in Trading, whether Forex, Stocks or whatever. What you need to do is get control of your emotions... and thats not at all easy, it will probably take you years.
Could this be an easy way to win in forex?
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pt49 replied Jul 20, 2013As for whether it can continue... I have NO idea.
$2,000 to $2,000,000... no time limit
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pt49 replied Jul 20, 2013I've never seen so many self interested fuckwits in my trading life. If the aud (or any currency) goes up or down, is totally irrelivent. The key for you is whether you can make money off what happens next!!! In my opinion... SOMETHING WILL HAPPEN.
Aussie Trading Room and Cartoons Gallery
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pt49 replied Jul 20, 2013Thanks Tafa... those figures were my final results after 4 weeks as it turns out. 32.8% increase in 4 weeks with max drawdown 1.8% ... 23% increase this month so far.
$2,000 to $2,000,000... no time limit