Implosion — To each and every poster who comes on this forum to say that any type of maritngale is suicide, you need to read way back in the discussion about the need to manage your account at a minimum of twice per day. You need to manually ...

Is This My Holy Grail EA :D

Thanks Spud — Thanks for coming back with this new thread, Spud.... You approach to teaching is much appreciated... Trading is not about a magic formula... rather, long term success is obtained after long and careful study. Your observations ...

Spudfyre's Stochastic 5 Minute Trade

Death Trade or Patience? — One man's death trade is another's retracement...at 1 cent per $1,000 using the 1.5 X 100/40, my demo acct has been holding its own against all of the recent volatility... I am actually hoping to blow up this ...

Is This My Holy Grail EA :D

Nailed it... — That pretty much nailed it... however it really is all about time frames and perspective.... How are you defining long term trend... the 4hr, the daily, weekly or monthly? When the bot is running, our mindset is really on the 5 ...

Is This My Holy Grail EA :D

I have been proceeding with 1 Cent traded for every $1,000 of starting account balance, using the 100/40 1.5 X EA at 100:1 leverage. It seems to be a robust amount that has yet to kill my account...

Is This My Holy Grail EA :D

So true Gerigirl... When I started the EA this morning, the drawdown in the profit column was 33% of the account balance... if that was real money, I might have wimped out... the EA did bring everything back into good shape by this afternoon...

Is This My Holy Grail EA :D

True, but don't be afraid — These are amazing times.... The movement is amazing in the forex markets too.. but as a trader, you can take advantage of it too... The 1.5 EA has been rock steady for me... ( I have also been doubling my demo ...

Is This My Holy Grail EA :D

Be Happy. — This was an amazing day... My account handled it beautifully... Around 3:30 pm, I noticed things were starting to go haywire in the main moves for the day so I closed everything down as a precaution, locking in another 10% account ...

Is This My Holy Grail EA :D

1 Week Update — My results for the past 5 trading days were pretty good... The account is up 11% trading 5 cent lots on a $5,000 mini account on IBFX (+$553)... Max negative balance during the period was -$200 but the account balance was never ...

Is This My Holy Grail EA :D

All the Best — Great Bob... We're counting on you!

Is This My Holy Grail EA :D

Data Error — Looks like a huge data error from IBFX... if real money was on the line would they make good???? Here is a chart from ODL during the same period... NZD/JPY on a 1 hr chart...

Is This My Holy Grail EA :D

Just to clarify Bob, when you say .05 lots, you are talking about five cents not $.50 correct? I must say I'm amazed how robust this EA is!

Is This My Holy Grail EA :D

Hi Dawveed, I'd personally just trade pennies with a 3-5k balance... Using the ratio I am using (which has survived all of the market turmoil over the last two weeks pretty nicely, with a 5k account I would use an IBFX micro account where .01 lot = ...

Is This My Holy Grail EA :D

Account Size is Key — Dawveed, The optimal lot size depends upon your account size.. this is very important. Read back into the previous posts to see what lot sizes correspond to what account sizes... This is one of the important questions we ...

Is This My Holy Grail EA :D

Hi Someone.... You didn't mention which EA you are using on this account... One other thing.. If 1 normal lot=$10 and .1 lot=$1 then wouldn't .01 lot = 10 cents? Thanks and nice results your first day out!

Is This My Holy Grail EA :D

Good luck... Will be interested in the details.

Is This My Holy Grail EA :D

Some Observations — "The guy who wiped out the 100,000 account was stupid in his trading plan. That is not the EAs fault, that is poor financial planning. He didnt do the math before he started. " Umm, I think you might be referring to me Bob. ...

Is This My Holy Grail EA :D

Wow! Thanks for posting that profile... I have been using Metatrader for a couple of years and have never used or saved a profile... Here's what my 1 minute scan revealed... a good ASH Long signal for the Cable... I have not taken more time with the ...

AshFX Daily

250 - 350 — Thanks Bob... I will definitely intervene in the future at that point... I'm wondering if there could be some kind of circuit breaker built into the EA that could close a potential death trade automatically for you? Off to secure ...

Is This My Holy Grail EA :D

Dave, That would seem to be a good thing to work on now... Is there a predetermined amount of pain to take before the bot could intervene on our behalf? Could that parameter be set in the EA? Does it need some further programming? How do we finesse ...

Is This My Holy Grail EA :D