How can December be normal with the spread going unstable ? 30x30 is way too risky. 1 loss is a lot of money, but if u consider using 30x30 will never loss, u shouldn't have any problem

Trading aud/nzd successfully

it's too earlier to say becoz 1 loss = days of profit. Even if u break even or have a small profit, u only need a few hours to clear that. With the current spread, it's much more easier to get those bad day.

Trading aud/nzd successfully

Which broker ?

Trading aud/nzd successfully

So i guess it's true that there is always someone there trying to change any system that isn't broken. Or maybe trying to "improve" this system ? Or maybe a brand new system based on this system ?

Trading aud/nzd successfully

IMO, there is no such thing as safest pair to trade. It could be safe now but the next day it's not. The problem with safest pair is that u don't know when it will happen that it's not longer safe. The strategy here is to earn TP as much as possible ...

100 x 80 EA oh boy

GBPUSD looks good because of recent volatility. It's ranging very well if u look at the past months. If u compare EURUSD and GBPUSD which one is worst ? Aud/nzd and Aud/chf also range very well for the past months. IMO, EURGBP shouldn't be added ...

100 x 80 EA oh boy

When do u plan to go live on this ?

100 x 80 EA oh boy

i'll go live next week with the things u recommended here. Will practice with 0.02 lot before going for 0.05 lot. I'll stay with this system until AUDNZD goes back to 11 spread [go back to trade AUDNZD system] or i blow up my account.

100 x 80 EA oh boy

IBFX is GMT+0 22:00. I always close my trade an hour before triple swap rate when i was using AUDNZD system. But 100x80 is not possible to close within 1 h without losing more money. I think on Wed should start to look for chance to close on start ...

100 x 80 EA oh boy

yeah. DD of lvl 8 is $1000 more than lvl 7, paying $1000 for 1 level is expensive.

100 x 80 EA oh boy

nanningbob, in addition. I think a rule of thumb for this trading method could be to close all trade on Wed before GMT+0 22:00 and reopen after GMT+0 22:00 (maybe reopen on Thur GMT+0 0:00) to prevent getting charge triple swap rate. Having so many ...

100 x 80 EA oh boy

USDSGD ? I think it can be a good choice since Singapore government keep their currency in a trading band. That's their money policy lvl 8 cover 640 pips and it will hit SL very quickly since 650 include spread.max trade lvl 7 seem more reasonable ?

100 x 80 EA oh boy

if u think about this in longer term, SL 250 has a higher chance of hitting than 300. If 250 hit 2 times and 300 only once, 250 will cost u $1660 and having 300 stop once cost u $1140. U just need to have a reasonable stop loss in place. 250 SL was ...

Trading aud/nzd successfully

Yes, When u play more with the excel, u will understand this system a lot better and be able to make ur own profitable setting.

Trading aud/nzd successfully

Actually this EA can use for both range and trend. For trend setting, just make ur profit double ur SL. Just an example, x1.5 120X5 level 10 SL 100. If u believe that it will trend, hitting 120 isnt a problem without getting stop out. The SL cost ...

Trading aud/nzd successfully

The DD for level 7 is around $400 and level 8 is double $800 [for 0.02 lot]. Since there is no enough money to go level 10 which need around $3000, maybe we should change the setting of 100x80 to be max trade level 7 and set SL to 800 which will ...

100 x 80 EA oh boy

High multiply means smaller lot size means lesser profit most of the time. I'm in favor of multiply 1.4 - 1.6. i think we need at least 300 pip range

Trading aud/nzd successfully

So the account which up +1400 from 2000 is demo account ?

100 x 80 EA oh boy

0.05 lot is a bit of a big leverage for a $2000 account and there is potential of getting a margin call. But now ur account is up to $3000+, it shouldn't be a problem. I think it's better to trade 0.03 lot on $2000 and change to 0.05 lot when reach ...

100 x 80 EA oh boy

I bet it will. Looking forward for ur posting this weekend on how u trade 100x80. I am not trading AUDNZD until it go back to 11 spread. Going live next week on 100x80.

Trading aud/nzd successfully