Quote:
Originally Posted by berdj
I think your results are good except your risk is a little high I think David will agree that $1000 is too small it should be at least 5000 especially if you are doing the GBP if you read the thread you will see that this ea was tested and made for the euro/usd with .01 lots for $1000 even if you have had some luck. I hate to go on pure luck. Just a little advice.
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Thanks for speaking out the truth. I would say its not a little high on the risk. Its god damn freakin way too high!!! With a 1000 dollars account to trade with 10% initial risk on 2 different pair. Margin usage will be as below:
Leverage 1:200
0.10 = $50
0.20 = $100
0.40 = $200
0.80 = $400
Total usage = $750
Bear in mind! This is talking about 1 pair only. What happen if GBPUSD also kick in a trade at the same time?! ^_^ Now, I doubted if market slightly sway 10 pips against you, where will your account be? Show me where is the demo account you traded last week and the week before? Ofcourse, I have no rights to stop you. But I think Aleccoh would be happy if you decided to do that.
Regards
David
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
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