Quote:
Originally Posted by xxDavidxSxx
you can set equity target to 0. Its not crucial.
200:1 leverage.
.01 starting lot size per 1k in account. (.05 risk) recommended on initial deposit
.02 starting lot size per 1k in account (1% risk) forward tested well, but not recommended on initial deposit. Wait till trading off of winnings.
pips=no less than 30
5 max trades
18-23 target
Those are crucial
No more than 3 pairs. If your worried and a nervous type, then run it on less pairs.
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Dave, do you seggest to use 0.5% risk because of the rest available margin when positions are open, or just to withstand drawdowns wich occcur when MaxTrades hit? Don't you think it is risky to start 0.2 lot, instead, isn't it better when you have let's say 2k account, to split it into two separate accounts of 1k and continue trading with 0.5 risk? BTW, FiboLotSizeProgression can also be used...