With a $250 account .01 lots at Interbankfx would work fine. Any more than that would be suicidal and result in a margin call.

Trading aud/nzd successfully

Which account setting is doing good and which one is losing?

Trading aud/nzd successfully

You got that right about trading successfully. Man it is like I have to change every couple of weeks. However, the more I have shared the more profitable I have become. As people share their experiences I get to learn faster and adjust.[/quote] Your ...

Trading aud/nzd successfully

Get out of the thinking that you can trade and be static. Wont work, as the market changes we change with it.[/quote] I need to imprint this in my brain. With the economy going crazy I think it is very hard to trade successfully right now. Let's ...

Trading aud/nzd successfully

Very simple, I started the the system right before the market opened at 6 pm est. You started the system an hour later than me so it must have moved a great deal between 6 and 7 pm est. Here is a graph of the current account. This was a fresh $2,000 ...

Trading aud/nzd successfully

It was a big ouch for me but at least it was not real money and I learned something. Edit: I should add to this post that I treat demo accounts as real money. That is why I said it hurts even know I did not lose any money. I am going to pretend this ...

Trading aud/nzd successfully

Change the pips to 25, increase the multiply to 1.8, and change the stop loss to 210. That is it.

Trading aud/nzd successfully

Just curious, were you staying out of the USA session?

Trading aud/nzd successfully

Thanks Jeff for the information. I was only running a demo account this time. I actually did run it from Sunday open last week on my live account so I guess I was just lucky this did not happen then.

Trading aud/nzd successfully

I started a fresh demo account with the new 35X25 ea with default settings except I changed the stop loss to 210 as recommended. I started it 5 hours ago and it just got stopped out with a $150 loss.

Trading aud/nzd successfully

I would definitely drop the EUR/GBP as it has been making crazy moves lately. I know Bob already dropped it as he hit a stop loss with it. Anyway, I wish you luck.

Trading aud/nzd successfully

Ok, one other thing. I just loaded up the 35/25 ea and noticed the stop loss is still set at 200. Are we supposed to change that to 210 or some other figure?

Trading aud/nzd successfully

Thanks again Bob. It is becoming very clear to me that although it is possible to make money in forex, it is not an easy task. I have the 35x25 ready to go, I will report back how it went at the end of next week.

Trading aud/nzd successfully

Bob, do you think this new 35x25 ea will be able to run 24/5?

Trading aud/nzd successfully

What lot size are you using? I am using .05 lots on a $2,000 live account. I too have not been getting good results since going live. My account sits at $2055 so I am still ahead. I stay out of the USA session. What I do not understand is I tested ...

Trading aud/nzd successfully

I was referring to the thread earlier that was posted with my quote which you had said that it is crazy how much broker bashing is going on. I thought you were referring to me since my quote was posted. I was not upset but just wanted to clarify is ...

Trading aud/nzd successfully

I am glad to see you are doing well. Hope that turns into $10,000 soon

Trading aud/nzd successfully

Nanningbob, I think you misinterpreted what I was saying. I was not bashing IBFX or any other broker. I am with IBFX myself. I was just stating the fact that they make more money on aud/nzd than the majors because it's spread is much higher. That is ...

Trading aud/nzd successfully

The brokers want people to trade this pair. They make a fortune since the spread on Aud/Nzd is ridiculously high. Another thing I should add is broker do not care if you make money since they also make money whether you win or lose.

Trading aud/nzd successfully

$250 at Interbank fx, $400 at efxgroup.

How is the capital needed to start forex?