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- ForexScotty replied 23 hr ago
Due to the random nature of the forex market, I think it is less about managing draw down and more about having a strategy that is successful in not having drawdown in the first place. The more iterations of a martingale or recovery strategy it ...
- ForexScotty replied 37 hr ago
Accounts did not hit today's target. They will be in recovery mode Monday. Have a great weekend! image image
- ForexScotty replied May 17, 2024
The metrics I am currently using are these. These are for initial session only as when in recovery would be more dynamic can can very as the the degree of the bad day. Good day target 1-2% Account load 5% or less First Bad Day Draw Down optimal 5% ...
- ForexScotty replied May 17, 2024
One of my own design. Using multiple pairs to reach a specific daily target. Over multiple years of testing, found that good days are reached more often than bad days. During that time, I've not had more then 3 consecutive losing days. Guesstimate ...
- ForexScotty replied May 17, 2024
EA uses multiple trades, trending pairs offsetting ranging pairs resulting in a daily account target. When reached, EA shuts down and awaits next day. If not reached, recovery algorithm calculates amount needed to reach target and adjusts lotsize ...
- ForexScotty replied May 16, 2024
I think I am pretty settled on set files. New reports will show Yellow Text for Demo accounts and Green for Live account on my new PlexyTrade account. PlexyTrade will be offering PAMM accounts in the future where, as long as everything stays solid, ...
- ForexScotty replied May 15, 2024
We like it when target gets hit early in the session. And with only 2 trades! Dropping Cedarfx and adding my live PlexyTrade account to the daily reports. image
- ForexScotty replied May 15, 2024
I'm happy to report that my request to have PlexyTrade added to the Trade Explorer broker list was approved by FF. I'll be the lab rat and post my live account results running my dashboard here on the dashboard forum as well as on my profile.
- ForexScotty replied May 15, 2024
All accounts recovered! Found a bug in my calculation affecting the spreadsheet showing potential max account load. Corrected moving forward. It was showing more than actual. Which is a good thing. News days help more often than not when in draw ...
- ForexScotty replied May 15, 2024
Blackbull Accounts recovered nicely. CedarFX still working on it. image image
- ForexScotty replied May 14, 2024
Icky day today. Recovery algo activated in all accounts. image image I'm still tweaking the set files for the PlexyTrade account. Will post those results once I settle on something. I'm thinking about using the settings for Blackbull median or ...
- ForexScotty replied May 13, 2024
The trick to trading a high leverage account is to not OVER-LEVERAGE the account. Even though I have 2000:1 at PlexyTrade micro account, They have limited max lots at 5 lots per order. That being said, I cant let initial lotsize be more than .25 to ...
- ForexScotty replied May 13, 2024
Demo and Live Accounts opened with PlexyTrade. image image With the higher leverage, much less account balance is used which leaves more room for recovery in a drawdown. Improving the odds of success.
- ForexScotty replied May 13, 2024
After Traders Way cut their US customers off. I had to look for a new broker. Here is what I found... www.plexytrade.com Yes, it is new to me. Just signed up in the last week. They recently acquired LQDFX. That is how I found out about them. This ...
- ForexScotty replied May 13, 2024
All accounts on first session hit targets. Accounts in recovery mode...recovered. The new broker did well too. As the new broker has better spreads and higher leverage than CedarFX, I will drop CedarFX and focus testing on the new broker for US ...
- ForexScotty replied May 12, 2024
Starting the week with a mixed bag. 2 Accounts starting new session, 3 in recovery and 1 new high leverage broker to test. image image
- ForexScotty replied May 10, 2024
Checking out a new high leverage broker that accepts US business to test my EA on. Demo next week and if results are comparable to BlackBull, funding soon after. More info to come, but I won't recommend until I have tested myself. If it pans out, ...
- ForexScotty replied May 10, 2024
Acct #1 and Acct #2 Hit targets. Accounts with higher target and CedarFX with higher spreads still working on it. They will be in recovery Monday. Have a great weekend! image image
- ForexScotty replied May 10, 2024
Acct #1 and Acct #2 Hit targets. Accounts with higher target and CedarFX with higher spreads still working on it. We will see how the day ends. image
- ForexScotty replied May 9, 2024
All accounts hit today's target image