Frost, thanks for the reply. That's what I had, too. A loss of $953.20 if someone went .20. I use .15, so my max loss would be $715.00 if completely stopped out. My thinking is that if the stock 35X20 settings make an average of approximately $75.00 ...

Trading aud/nzd successfully

Frost, do you know the odds of getting stopped out if someone doesn't trade the US session? Also, if I understood bob correctly, he said going .2 lots on one $2,000.00 account was NOT the same as going .05 lots on 4 $500.00 accounts, as the increase ...

Trading aud/nzd successfully

Was going to ask you about this. Is your stop set to hit before the normal stop level of the EA? In other words, would your positions be closed out before the regular EA stop, or are you using such low lot sizes that 5% matches what the EA would ...

Trading aud/nzd successfully

If there were stopouts for an entire month, and the EA makes 30% to 50% a week, that would be a good risk to return ratio for me. The key is the probability of getting stopped out. Bob could anser that question better than me.

Trading aud/nzd successfully

"Trading .05 is not the same as trading .20 and everything is 4x. The multiplication is done exponentially so if you hit a loss using these numbers at .20 it would clean out a 2000 dollar account. If you want the 4x you need to use 4 accounts using ...

Trading aud/nzd successfully

Tommyd, as far as drawdown, most of the trades are made when I'm asleep, but I have seen very little drawdown so far. Last night, there was an hour candle that went 98 pips, and the sell went to level 7. That would mean I had 6 previous sells open. ...

Trading aud/nzd successfully

It's Thanksgiving day here in the US, and trading will be very slow, so I left my EA run again today for the US Session. Trading live account at stock settings, and at .15, and account increased by $84.00 since yesterday for a two day total of ...

Trading aud/nzd successfully

Rather than use a percentage that my account has increased by, I'll give the dollar figure because I'm currently going .15, and someone could go this amount on a $2,000.00 account, or a $10,000.00 account, and the percentage increase would be much ...

Trading aud/nzd successfully

I decided to go live on my $4,000.00 account with IBFX, using the stock settings and going .15 per trade. Will try to give regular reports of the progress, so that others can see what happens on a live account. Will close trades somehwere around the ...

Trading aud/nzd successfully

Urban, I agree with you. Four $500.00 accounts where you're trading .05 would be the same as one $2,000.00 account where you're trading .20. I was going to put a post up about that myself. I would trade only .05 per $500.00 in my account, and if I ...

Trading aud/nzd successfully

Here's another good wish for you. I read the posts, but don't post much myself. Thanks for the time it takes you to bring this system to others.

Nomoretoxic's breakout

I also plan on going live very soon. Using the original setting of .05 netted about $45.00 from the Tokoyo session to the US open, when I closed all trades. I would have to think that going .10 would double this amount. Knowing that If you're ...

Trading aud/nzd successfully

Thanks for your answer(s) Frost. Very impressed with this EA. Currently going .03 using 7 of the safer pairs. The account up almost $200.00 today with a $300.00 drawdown earlier. There was quite a bit of trending earlier, too, so the drawdown not ...

100 x 80 EA oh boy

Yes, I'm getting the same thing. I have stock settings of 100x80, but some trades are closed out at minus 50 pips, 57 pips, 35 pips. Glad you brought it up. Must be some sort of glitch in the EA.

100 x 80 EA oh boy

Nearly a breakeven day today for me. Turned off the EA a little after the US open. Probably should have also closed the open trades, but left them open.

Trading aud/nzd successfully

SomTam, exactly. You can estimate what the price would be if the pair hit the solid line, set a limit order, and set your TP and SL at one of the fib levels all at the same time, and go to bed, or go to the beach. That way, if it's hit, you're in at ...

My own developed benkyalate system

Tommyd and nanningbob, thanks a lot for your replies. I will start demoing this next week.

Trading aud/nzd successfully

The instructions are in Chinese. Where does the "fact finder" go? What is it for? All else I can figure out. Thanks.

Trading aud/nzd successfully

I'm not a big fan of that level 3 indicator. I sat and watched it one day repaint 17 times on the GBP/USD, meaning it moved that many times down, as the GBP moved steadily down. If you had taken the buy signals you would have lost your shirt. I do ...

My own developed benkyalate system

Drawdown is my number ONE consideration using this system. How big of a drawdown there might be, and how often. As everyone is using different pairs, different settings and different lot sizes, I don't see a way to get a handle on it other than ...

100 x 80 EA oh boy