So finely I manage to open a new account whit Pepperstone.
The account started whit 3000k $ USD. Also I am going to connect explorer and myfxbook to weekly analyse the trade.
Goal 1: 10k before 2015
Big Hairy Goal: 50k before 17 May ( The Norwegian National Day)
Key notes:
> Scaling
> EA- Risk Management
> Refine strategic to individual pairs.
Scaling is one of the key strategic to relay make this snowball BIG.
The optimal would bin to make a scaling formula that I used every x% gained and so on, but to make it simply and less stress for myself, I am going to scale every 500$ inn the start, then later I will scale it every 1000$ gain.
EA - RM here I am going to use a parabolic SAR as an SL(Stop Loss) together whit normal SL and Trailing SL. Also have a dedicated PC that are running my EA, so my brain can sleep well at night. Later i might upgrade to an VPS when I can relies on my strategy and the EA making money.
Refine strategic to individual pairs , every pair has its own whey to act. And my goal is to try to catch the medium/short trends inn this pairs as an individuals. And at the same time avoid the correlations between the pairs movement as the market inn the whole. Later i might start to hedge when I have bigger capital to lock inn some profit I normal wouldn't do.
Rules:
Always 3 positions
1. Break Even
2. Profit Target
3. Trailing Stop Loss - No Profit Target
The account started whit 3000k $ USD. Also I am going to connect explorer and myfxbook to weekly analyse the trade.
Goal 1: 10k before 2015
Big Hairy Goal: 50k before 17 May ( The Norwegian National Day)
Key notes:
> Scaling
> EA- Risk Management
> Refine strategic to individual pairs.
Scaling is one of the key strategic to relay make this snowball BIG.
The optimal would bin to make a scaling formula that I used every x% gained and so on, but to make it simply and less stress for myself, I am going to scale every 500$ inn the start, then later I will scale it every 1000$ gain.
EA - RM here I am going to use a parabolic SAR as an SL(Stop Loss) together whit normal SL and Trailing SL. Also have a dedicated PC that are running my EA, so my brain can sleep well at night. Later i might upgrade to an VPS when I can relies on my strategy and the EA making money.
Refine strategic to individual pairs , every pair has its own whey to act. And my goal is to try to catch the medium/short trends inn this pairs as an individuals. And at the same time avoid the correlations between the pairs movement as the market inn the whole. Later i might start to hedge when I have bigger capital to lock inn some profit I normal wouldn't do.
Rules:
Always 3 positions
1. Break Even
2. Profit Target
3. Trailing Stop Loss - No Profit Target