(Lot sizes as we discussed earlier are far too large. AS you mentioned your like to take large risks but Excalibur V3 is not made for this type of trades.)
Yes we did discuss this. And here is what you said in reply to my email:
hello and thank you. I have attached the EAs to my demo account. I attached the eurodaily to the daily chart, the euro 30 to the 30 min and the gbp daily to the daily chart. and the chf daily to the daily chart. I left the default input settings but set the risk to 25% per trade and put the starting min. lots at 2.5 and the max to 10, with money managment off. The account balance is $10,000. Hopefully I did it correct, and it can handle larger lot sizes like that? I know it's more risky, but when I trade I am aiming for atleast 1,000% returns in 30 days or less. And the fact that those are the demo results you had is what attracted me to your EA. See
Statement: 269591 - steve Deyoungg
where I turned a $40,000 account into over 2 million in 2 days. And currently I am also testing a modified scalping EA with promising results. Back tested from December 1st 08 - Dec 18th 08 it turned $400 into 1.5 million and on (a demo account) it turned $10,000 into $120,000 in 2 days which fits my style of trading. I'm just worried about finding an honest broker for scalping which uses the mt4 platform and has 400:1or 500:1 leverage. Happen to know of any? It might be 50/50, but any person which has made any real money trading forex will tell you it does not matter if you have more losses then wins, as long as a win is atleast 10 times greater then a loss.
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Excalibur V3 will handle any size trade.
If you turned off the money Management then the settings of a max lot of 10 will not take effect. It is used by the MM to deteremine the maximum trade size Excalibur will use deoending on the risk value set.
If you liek big trades then turn on the MM set the risk from 1 to 20, or 30 or 50 and set the lot size in the MM to 2.5 and let Excalibur do the rest.
Clearly in this reply you said Excalibur will handle any lot size, and confirmed (AFTER I TOLD YOU WHAT MY BALANCE WAS AND THE LOT SIZES I WAS TRADING) You said - I can set the risk up to 50 and keep the 2.5 lot but turn mm on which is exactly what I did.
If a loss like this can occur, then even if I was trading 2/4ths of the lot sizes, then 3 stoplosses in a row would still wipe me out.
When you understand how the universe operates and how things attract to each other you understand 1 loss likely follows more losses. I know with my aggressive strategies when to turn the EA's off the second they start having a loss. It's like when you get into a fight, you wan't to get in and out as quickly as possible. Put 100% into it, because the longer you stay in the more likely your going to lose. The market is changing and becoming more wild everyday and every system I have seen which focusing on longterm slow returns always leaves you with losses in the end. I have concluded there is no winning consistently, which is why I believe in taking max risk winning big and getting the hell out while your 10-100 times ahead of the game.
