Originally Posted by steinitz

I am only going to address your second question. You can PM me on the first if you wish. By the way I have discussed this numerous times so here I go again for the umptenth time!

My robot has many many functions of which some will allow for losses and some will not. Please read this last sentence 100 times until it sinks in your brain!

If you choose to use a SL, trailing stop-loss, ATR SL, high or upper TF exit on color change YOU RISK THE CHANCE OF A BOOKED LOSS.

READ THAT AGAIN

Now if you don't use any type of stop loss and trade it like I do (this is not advice given and you need to trade at your own risk as my disclaimers point out) then you will not BOOK A LOSS. Look at my website on my performance page. I have 32 years over 4 currencies with 8 years each that have NO LOSSES.

I trade with 10-12 currencies (any currency you want, GBP/JPY should be traded with 1/2 lot size). I risk 1% per pair with 10% total being risked. Broker leverage has no bearing on this equation.

I am experimenting on my own account with 11 currencies and 2% risked on each. I am not advocating this. Its for my own edification.

Deposit size is irrelvelent since 10% risk remains constant.

Last July 2007 I personally encountered 65% DD with 24% risked including GBP/JPY. It recovered and even made profits. Look back at your daily charts and you will see how far the pairs drawdown and where they are today!

My contest results are not indicative of how I currently trade. I used a TP trigger (60-100 pip trigger) method with no 5 pip lock in and a 150 pip SL.

I currently use a 20 pip trigger with a 5 pip lock in and no stop loss.

If you back out the contest results with my current trading set-up I would be in a much better ranking with no booked losses or DD that would margin me out.

Don