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Originally Posted by JanusTrading
Well Folks........lots of excitement about the facts:
1.10point3 and also the improved hybrids Terminator and Predator(credit all to Bluto) all blew accounts of people operating them with unacceptable leverage .
Janus
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I have found the best calcualtion to maximize profit and still be safe is to set the MaxTrades to 6. Then find the average daily range of a pair and multiply it by two. Then take that number and divide it by the MaxTrades number to get the pip size spacing between trades you should have to be safe.
So if GBPUSD is an average 150 pips...... then you mulitply that by 2 to get 300.... then divide that by 6 and you get a pip spacing of 50.
So when you get the 300 pip run..... you are only at .64 lots if you started at .01. Plenty to keep trading thorugh NFP.
For the standard 15 pip spacing..... you would be at 10,450 standard lots just on that 20th trade..... EEKS!!!!
Janus is right - must reign in the leverage......
be safe