fail to plan, you plan to fail... as long as we know the worst case scenario going in we can plan accordingly...

Trading aud/nzd successfully

id be retiring before im 23

Nanningbob 60x90 EA

that is true Bob, this system will work very well if you eliminate the greed factor. Atleast we are up losing profits then losing original capital

Nanningbob 60x90 EA

there are such thing as nano lots, when we say 0.01 we usually refer to a nano lot , cos most of us are on mini accounts... 0.1 = micro, 1.0 = mini....

Trading aud/nzd successfully

when is that to be brought in, cos the buy/sell original EA does that all the time

Trading aud/nzd successfully

heres some thoughts ive had regarding hedging in this EA... It is important to have a solid foundation in technical analysis regarding price action and support and resistance, you still have to be able to read a chart with some skill, this is a ...

Nanningbob 60x90 EA

yeh i dont even have a position open on eurusd yet...

Nanningbob 60x90 EA

might be time for you non-US citizens to jump ship to canada or somewhere if you can, its looking really bad for the US in general...

Trading aud/nzd successfully

could you explain this process to us that arent awatre of his thread... weve tried less than less than 2 multiplication before, multiplication comes second to ur TP's and re-entries... for example if TP was 30 and re-entry was 20 the multiplication ...

Nanningbob 60x90 EA

trying to stamp out grid systems it seems, luckily I have brokers outside US aswell

Trading aud/nzd successfully

ok say your working with a USD currency where 0.01= 1cent... multiply 3.5 20x50 250SL 4 levels 0.01 intial lot size that means when level 4 comes back to TP its getting a $1.10 TP (net) after the first 3 levels of losses)... so say we open the ...

Trading aud/nzd successfully

hedging idea seems too simple, how did we miss it? wouldnt this effectively mean no death trade ever? thus weve solved the problem? (or am i getting ahead of myself?) EDIT: cant seem to get numbers to work... lets see how i go tonite

Trading aud/nzd successfully

yeh its been slow past week, however i think it would be wrong to move the settings too much, i based my settings on past 4 months

Nanningbob 60x90 EA

thats a very good analogy, effectively call us the MIT blackjack team.

Nanningbob 60x90 EA

0.02 lots would be a tad sonservate me thinks... based on a 500SL 3 level original at 0.1 lots... 2 levels of recovery also initial lot is 0.1 (so level 4 is 0.8 - dw will still get you in profit) on the EURUSD on a $3000USD account... a SL hit ...

Nanningbob 60x90 EA

the only relevant testing ever is forward testing.... bit of a move on the GBP, jsut touched my first level... i feel very comfortable handling these moves now...

Nanningbob 60x90 EA

im gonna live trade it on both accounts... but ill be watching it move first then turning it back on when it looks to have stopped

Nanningbob 60x90 EA

depends how often you have to take a loss i guess on whether you use recovery... i like the use of it though, not that ive used it yet...

Nanningbob 60x90 EA

btw based upon my calculations ur recovery EA lot size does not have to be double your original lot size... if your orginal lot size is 0.1 or roughly 10cents a pip you could set the recovery EA to 0.09 (based upon going to level 5) and still make ...

Nanningbob 60x90 EA

Here are my current settings if anyones wondering...(ill be tinkering with them though if ever so slightly, im think maby go to 60MA and change TF's on a few, move out 10pips here or there etc) ok ive bumped it up to 17 currencies in the basket ...

Nanningbob 60x90 EA