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Old 11-02-2008, 01:17 PM
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Pheniox Pheniox is offline
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Join Date: Apr 2007
Location: Canada
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Quote:
Originally Posted by bbayles View Post
Here are the results of the first week. Pretty poor overall, but entirely my fault for closing some badly losing trades, sorry. If you discount the trades I closed, performance is pretty impressive. This is on an IBFX account with $5000, trading EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, NZD/USD, USD/CAD, and GBP/JPY. All charts are 1 hour. I will probably open another demo this weekend with the recommended $3000 and start over...this time with no help from me.

Bob
Bob

Again thank you for your continued support here.

Please try not to close out losing trades, especially if they have a positive swap rate. We will eventually have Excalibur V3 trade only on positive swap rate currencies, and attempt to gather more profit once the currency reverses it trend. They always do somewhere down the road.

What has to be remembered here is that many large traders open trades based on the swap rate and do not look at the position of the trade, win or loss , and are only concerned on the profit generated on the swap rate, if the trade is in a loos position for many months they are not concerned and when it returns to a positive position they then close out the trade and collect the swap rate rather that the pip rate on the trade.

Far too many traders are looking for the instant profit and as such generally end up on the losing end.

Please allow Excalibur V3 to do it's job. The profit may not appear large at the moment, as the account size is small and as such the trade size is small, Large traders with large accounts can afford to carry the trade for many months with large lots on the orders.

We are not large traders or corporations but small individuals looking to make something here to add to our retirement down the line I hope. We do not have hundred of thousands of dollars to risk and lucky if we can put up 10k into an account.

Looking at the smaller trades and 250 dollars, down the road in an account and if we are trading the proper currency with Excalibur V3 and we manage to make 50 dollars on that account over a six month period then I guess we have done beter than any bank can offer us as far as interest rate return on our deposit.

Excalibur V3 has money management built into it and as the account grows so does the trade size. Automatically.
Patience is what we need to have here as traders.

For those individuals, certainly not me , that have a 100k account then Excalibur V3 will certainly open larger trades and still manage to give back the same return on the investment.

I am looking to get Excalibur V3 to give us around 8% return on our deposit per month or better,

Again far better than any other investment that I am awar of.

I could be wrong.

Please all members try to remember that this is a project under construction not a finished project.
My commitment here is till the end and then perhaps, for sure another EA. Hopefully everyone here will stay with us.

Bernard

Bernard
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