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I'm intrigued by the size of your account. I take it you don't make a living from this.
Well, you're right: I'm not making a living off of my
little $612 account! But, if everything is "scaled"
properly, with respect to risk/money management,
then the results will carry over to any account size.
I have a much bigger account on the back burner.
It's all set - just waiting for the check to clear at
IBFX. I will run it exactly like my smaller account,
with the exception of the bigger starting lots.
So u r planning to make for a living with bigger account?? I guess you have reached the pointed that you've been satisfied with the results. All I wanna say is good luck! I've also managed to reduce floating DDs, so I have increased my risks. Planning that I will be around 10k at the end of the year.
So u r planning to make for a living with bigger account?? I guess you have reached the pointed that you've been satisfied with the results. All I wanna say is good luck! I've also managed to reduce floating DDs, so I have increased my risks. Planning that I will be around 10k at the end of the year.
My larger account will generate good profits, but not
enough to live on. If all goes as planned, I am prepared
to set up another, even larger, account, which could
sustain me, if I live conservatively!
I'm kind of doing this in phases or steps. First, the $500
account, then $5K, and so on. My theory is to start small
and observe how it runs live, and then scale up to something bigger. One thing I've discovered is that
Blessing does not run exactly the same as in demo,
which is very important. The only way to really assess
performance is to run live. Demo is fun, but it's just
basically a tool.
Will you be trading just eurusd on 5k account or all four? And are you using Iron's new settings?
That's a good question. On my small account, I only
trade usdjpy, which I feel is the best pair for Blessing.
I haven't decided if I'm going to trade two, three, or
even four pairs, yet. I'm also not sure about the new
sets, but I will probably use them.
One thing I've discovered is that
Blessing does not run exactly the same as in demo,
which is very important. The only way to really assess
performance is to run live. Demo is fun, but it's just
basically a tool.
Rob
What is the basic difference you have seen with the demo vs live? Is the main difference the way open trades close?
What is the basic difference you have seen with the demo vs live? Is the main difference the way open trades close?
Yes, sometimes trades do not open and close exactly the same when trading live. It's not a big deal, but live *is* different. One thing that has really impressed me about IBFX is that their live feed has had only one disconnect in three months, and it was only for two minutes. I got a lot
of disconnects with my demos.
One thing that has really impressed me about IBFX is that their live feed has had only one disconnect in three months, and it was only for two minutes. I got a lot of disconnects with my demos.
I got the same observation on FXDD. Demo more and longer disconnection, live less.
I hit level 9, once, and my multiplier was incorrectly
set to 1.5. Came within $10 of a blow-out. Fortunately,
my starting balance was twice the recommended balance
and I got a big retrace to close out the basket.
Since my balance has grown, I recently reset EP to
60%, which will give Blessing more room to do its
thing.
Rob
Hi Rob,
The excitement is still here with one of my live accounts @ 10c a pip.
The AUD/USD opened this morning 20 pips against my trades, just above the level 8.
At $5.00 a pip, with a current DD of -$550 is becoming quite entertaining.
I increased the risk to 99% which makes the account to be the same as $5000 with EP 50%.
There is not enough time to wire some money across.
The level 9 is about 110 pips above the current price.
The Fibbo 38.2%, is persistently staring at me from the above laughing its heart out, and wants to play games with the price.
That is about 170 pips above the current price.
Other than that I am fine and having great fun.
Best Regards
George
I've also managed to reduce floating DDs, so I have increased my risks. Planning that I will be around 10k at the end of the year.
Linear Mode
