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I am running 4 pairs. EUR/AUD, EUR/USD, EUR/JPY, USD/JPY.
Weekly goal (%) = 100
Equity Protector (%) = 100
Starting Lot Size = 0.21
Range Between Levels = 6
Range Multiplier = 1.15
Position Size Multiplier = 1.25
Stop Trading for News = Yes (30 mins before and after)
Trading Monday to Friday
During Brexit late last month, drawdown went to 59% cos I had large open positions for EUR/AUD. I adjusted my multipliers and Since then, drawdown is averaging 5% while profit has kept at the same rate. My profit factor is currently 17.83. See the attached
That's not how it works. If the market makers decide to send the price in one direction and the Traide Ringer is opening positions in the different direction, it is just a matter of time until you get wiped out.
It has nothing to do with what you do or want. Your only control is whether you close the position, put some more $ in or wait. Cherry on top, if you are paying for this EA that's another 167$ per month.
The REAL money makers in this equation are the EA creator & the top affiliates.
What's happening this week with The Traide Technology News?
Cliff Notes: I will be personally running .01 per 3K on all my accounts
Accounts below 3K I will only run Two Pairs of the 3 main pairs I run
EURUSD, EURJPY, USDJPY are the main 3 pairs I’m running and on my accounts below 3K I will choose two of these pairs to run
Sunday February 23rd:
⁃ Japanese Bank Holiday
Monday February 24th:
⁃ iFO Business Climate(EUR)@1am PDT/4am EDT/8am UTC/ 4pm HK
Tuesday February 25th
⁃ Consumer Confidence (USD)@ 7am PDT/10am EDT/2pm UTC/10pm HK
Wednesday February 26th:
⁃ Private Capital Expenditure (AUD)@4:30pm PDT/7:30pm EDT/11:30pm UTC/ 7:30am HK
Conservative traders may take into account the bank holiday this week regarding the Yen. Yen pairs can potentially be volatile this week so traders should take that into account with approach this week.
What's happening this week with The Traide Technology News?
Cliff Notes: I will be personally running .01 per 3K on all my accounts
Accounts below 3K I will only run Two Pairs of the 3 main pairs I run
EURUSD, EURJPY, USDJPY are the main 3 pairs I’m running and on my accounts below 3K I will choose two of these pairs to run
Sunday February 23rd:
⁃ Japanese Bank Holiday
Monday February 24th:
⁃ iFO Business Climate(EUR)@1am PDT/4am EDT/8am UTC/ 4pm HK
Tuesday February 25th
⁃ Consumer Confidence (USD)@ 7am PDT/10am EDT/2pm UTC/10pm HK
Wednesday February 26th:
⁃ Private Capital Expenditure (AUD)@4:30pm PDT/7:30pm EDT/11:30pm UTC/ 7:30am HK
Conservative traders may take into account the bank holiday this week regarding the Yen. Yen pairs can potentially be volatile this week so traders should take that into account with approach this week.
That's not how it works. If the market makers decide to send the price in one direction and the Traide Ringer is opening positions in the different direction, it is just a matter of time until you get wiped out.
It has nothing to do with what you do or want. Your only control is whether you close the position, put some more $ in or wait. Cherry on top, if you are paying for this EA that's another 167$ per month.
The REAL money makers in this equation are the EA creator & the top affiliates.
That's not how it works. If the market makers decide to send the price in one direction and the Traide Ringer is opening positions in the different direction, it is just a matter of time until you get wiped out.
It has nothing to do with what you do or want. Your only control is whether you close the position, put some more $ in or wait. Cherry on top, if you are paying for this EA that's another 167$ per month.
The REAL money makers in this equation are the EA creator & the top affiliates.
best post I have ever read here. It is my same experience. when the market turns the other side, and you dont have an HUGE account, the DD will blow you away. this is why it is stupid to pay for such an bad mechanic or EA. the only profit makers, are the developers. nobody else.
I would take it for free. and then just run very conservative, and care a bit when big events are.
best post I have ever read here. It is my same experience. when the market turns the other side, and you dont have an HUGE account, the DD will blow you away. this is why it is stupid to pay for such an bad mechanic or EA. the only profit makers, are the developers. nobody else.
I would take it for free. and then just run very conservative, and care a bit when big events are.
How much would be considered a huge account? It seems like conservative is the best bet and I think that’s what trade ringer suggests as their settings anyway although it’s cool to see people try different settings and have success. It’d be nice to know roughly how much they’re trading with tho. I think anything less than $300 and the account won’t last long?
Does anyone have a place to go to find out when the big events are? Like an app or website?
Thanks!
i am new in the market and this things of indicator's and robot are confusing, but me joining here i have a believe that my fellow trader's will guide and help with this tools.
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