Hi SmartGXL Nice work. I use the profit tracker to keep an eye on% DD. You can hedge with a larger lot .10 or .20 .30 etc and this can go into profit and build quicker. Then you can close the DD trade and the hedge trade at BE. Also if the hedge ...

Pitbull Trader with Position Building

Hi Yes around 7am London. Just opened new basket Also I do not consider spread when opening basket at 0.01 lot. Cheers. CW

Pitbull Trader with Position Building

Hi Love the name by the way... HughBriss... so funny. Anyway Years ago (about 10) I had a system similar to this, I can't remebber where I got it from but its so similar its uncanny. It worked really well for me for some time but I was new to FX and ...

Simple Fibonacci Trading

[quote=Fx_Pipin;5684071] Hi FX pipin The DD in the basket is not the real issue as with 0.01 lot it never amounts to much. The DD that is the challenge is the bottom pairs you trade at higher lot size. So DD would be the issue in the live account... ...

Pitbull Trader with Position Building

Hi Yes trade to bank profits and increase equity. Have a set DD maximum of account 10% -20% whatever your risk and capital dictates. Using the DD as overdraft like a business, this has been posted about someway near the start of the thread and is ...

Pitbull Trader with Position Building

Hi Practice and you will find what suits you best. For me I like to renew the basket everyday.... I close it out at end of day and with such small lot size .01 there is not much DD to absorb and sometimes a profit. I prefer to have a fresh basket ...

Pitbull Trader with Position Building

Alex Closed last 30 day demo +64%. Current 30 day +17.94%. So... so far good. The problem comes if you increase the lot size to much, it easy to slip into doing this to see the account grow faster. I have done this and have had trades hit large DD. ...

Pitbull Trader with Position Building

Hi Its not about trading the basket as a basket! Its using the basket as an indicator (with 01 lot) you trade the momentum pair. Hope that helps CW.

Pitbull Trader with Position Building

Yes great reply and clear. thanks Chips.

Pitbull Trader with Position Building

Thank Chips Do you ever hedge out of a trade at break even? I have found I am able to exit bad trades at just over breakeven (so no banking a loss) I have done this a number of times to practice when it looks like there is a direction change. Or do ...

Pitbull Trader with Position Building

Just found and read your post Nubcake and have to say BRAVO and WELL said..... we get all this sort of crap at pitbull (can't be done, is stupid, wont work, your dumb, personal insults and worse) and its all just a bunch of OPINIONS which are ...

What is your weekly return?

Chips Could you comment on this please One thing I now do also is I have 4 hours charts with daily MM lines to check for significant 8ths S/R lines. Reason: If I am building a position and want to add a trade I check I am not reaching a significant ...

Pitbull Trader with Position Building

Hi Chavro Chips has cleared that. As for me Also it depends on what you would determine as babysitting. I'm at my PC most days (working) so can look at the situation at any point I choose which I find advantageous. But I do work and am not concerned ...

Pitbull Trader with Position Building

Hi Chips Great to see a timely reminder of managing DD. You're spot on about the sameness. My recent closed demo was traded for 17 days out of 30 and I took an average 11 trades per day building positions and the account closed at +64% My new demo ...

Pitbull Trader with Position Building

Hi Been using their demo (UK) for a few months and its been very good. Considering a live micro test account with them based on the experience of the demo. Never ever had a requote. Sometimes execution takes 3 or more seconds but for me I can deal ...

VantageFX - Discussion

Nice lessons The 10% is a constantly moving number but its not a realized loss until and if you close the trade (there are heated debates on FF about realized vs unrealized profits/losses). Once you hit close, its over and realized. As with any ...

Pitbull Trader with Position Building

Numbers from recent demo Closed my Vantage 30 day demo account as follows. 17 days trading over the 30 day demo period. Opened 12/3/12 £5000. Close balance 12/4/12 £8230. Net profit £3230. New 30 day demo account opened today 12/4/12 Vantage Opening ...

Pitbull Trader with Position Building

I wasn't offended, truly. Just clarifying some things so its not read that I propose any method of trading is that "out there." I'm pretty conservative in my approach to all things trading related. There's enough BS out there. :-) The issue with ...

No SL No Leverage Strategy - working so far

Hi Chavro You sucked me back in to this thread. Your right to doubt, I doubt most things said in FX until I test it myself! Now slow down a bit please... wwwooo up there; I have never said anything remotely like your hypothesis in your post. I have ...

No SL No Leverage Strategy - working so far

That in not an accurate fact based statement and has been made up by lillelise. I agree with attila: what works for you works for you. Good luck Nacho but I have done my stint with the numbsculls and choose not to participate any of my energy here ...

No SL No Leverage Strategy - working so far