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- ASCap replied Jun 2, 2018
So if I understand correctly basically the accounts max leverage will be higher than 1:30? Or am I getting it wrong?
- ASCap replied Jun 2, 2018
I still dont get one thing. The rules say that leverage will be limited to 1:30 on major pairs. Does that mean that this limit will only apply to each of the major pairs but not to the whole account? For example max used leverage on EU is 1:30 but ...
- ASCap replied May 7, 2018
The stop loss value should always depend on the set up. There is no one number anyone can throw out and say thats their stop. I have seen some people saying 30 pips max... That makes no sense. Would you rather miss a good set up if the stop in your ...
- ASCap replied May 5, 2018
You cant set a target as a newby because you dont have any historical data of your trading. But if you are an experienced trader, you can set your target easily. My target is 4-5% per month on average and max DD around the same on my main account. I ...
- ASCap replied Apr 23, 2018
There is nothing wrong with having a monthly target but a trader should not try to reach it at any cost. Besides, targets should be set for a longer time period and not each month. Performance varies month to month, the sample is just to small. ...
- ASCap replied Apr 23, 2018
If you talk about monthly target in a vacuum, especially if the target is low, it doesnt have a lot to do with your trading ability. 2 traders can be making 4% monthly on average each but one could be doing it with 10% max DD and the other with 30% ...
- ASCap replied Apr 17, 2018
Of course they will lose. Some people just dont have the money so they invest 5k and trade at high leverage. Now they will invest 5k and will have to trade at 1:30 max. I think a lot of people will just go ASIC or offshore brokers where higher ...
- ASCap replied Apr 16, 2018
Free EAs are even worse, it means they were so bad that developer didnt even think to sell them In any case, if you want to code an EA you first need a working manual strategy with exact rules. Once you have that you can start coding. Its ...
- ASCap replied Apr 16, 2018
There is actually over 12 months of performance on the main account, its just not connected here. Its not connected because the risk settings have been changing over time, there have been regular withdrawals... In any case both accounts have the ...
- ASCap replied Apr 16, 2018
The pair is in an uptrend, looking to buy on all dips on 1h time frame. Closed one trade too early today, missed out on extra profits...
- ASCap replied Apr 16, 2018
2 trades on UsdCad short. Same reasoning as for the first trade except one trade was on 1h TF and the other on 30min. Could have gotten out more but its still a good overall result.
- ASCap replied Apr 16, 2018
Theoretically it is possible. I once made 350% in a month on a 2k account but it is not realistic to expect that every month. But there is always a possibility of the DD getting higher and blowing the account. You have to realise that trading is not ...
- ASCap replied Apr 16, 2018
First trade of the week GbpUsd long. All rules were followed and managed to squeeze out about 18 pips. Gbp was bought on a pullback of an underlying uptrend on a 1h time frame. Always goo to start the week on a positive note...
- ASCap replied Apr 15, 2018
Maybe you should stick with that forum then... If you are calling my statement bullshit, then provide the proof of what you are saying otherwise you have no credibility. Simple as that.
- ASCap replied Apr 15, 2018
If you want to make 60% monthly (or even 30% for that matter), its just a matter of time before you blow your account
- ASCap replied Apr 15, 2018
If the cap is 1:30, that will be fine. Traders that know what they are doing will still be able to make decent profits and it will make trading safer for the "crazy" ones. I suppose brokers all will be against the cap, they will be the ones who ...
- ASCap replied Apr 14, 2018
Thats why I said do not rely on commercial EAs, you need to code it yourself. Thats the only way you can fully trust the EA. I would never trust anything that didnt know inside and out.
- ASCap replied Apr 14, 2018
The only way to be fully emotionless is to use an EA and let it do the work. But like Ric said, do not use EAs that you dont know. Certainly dont buy any commercial EAs, the are all crap.
- ASCap replied Apr 14, 2018
My target is 3-4% monthly, 50% yearly with low DD (so far about 3.5% max). Even 10% monthly on average is possible but one has to expect larger DD.
- ASCap replied Apr 12, 2018
Well, I would like to see performances of traders who dont use SL. I am guessing there would be some huge drawdowns...