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Posts Tagged ‘risk’

The Flames Ahead!

October 8th, 2009 Sam J No comments

Well in light of the current market volatility, I’ve decided to halve my lotsize back to 0.05 just in case another wave of bad trades comes through.

I was lucky enough to have my MT4 disabled last night, so i didn’t cop any of it.

But tonight I’m not leaving it off, I’m going to try my luck with half-sized lots so that I can see what happens without risking too much.

Good luck everyone,

Cheers,

Sam J

Categories: Forex Tags: , , , , ,

New Pairs Added to Elite MegaDroidPro LineUp

August 28th, 2009 Sam J No comments

Well I was sick of not seeing any trades.

Sure I was getting a 100% win rate, but what’s the fun in that if you only get 1 trade per week?

Soooo, I went ahead and checked out what pairs have been performing well with which logics, and after alot of studying of other’s forward-testing and my own backtesting, I’ve come to the conclusion to go from 3 pairs (EURUSD, EURCHF, USDJPY) to 6 pairs (EURUSD, EURCHF, USDJPY, GBPCHF, GBPUSD, USDCAD).

I’ve found that the pairs that I have added actually performed better then my previous ’safe’ three pairs over the past couple of months, and even before then.

My risk was already tooo high trading 0.1 lots, so I have halved the risk to 0.05 lots, although I’m trading double the amount of pairs I was before.

Even so, it’s very rare that MD will open trades on multiple pairs at the same time, so I feel I have effectively halved my risk.

I’m excited o see how things pan out from now on.

I’m going to have to get used to the idea of losing trades being a normal part of the day with alot of these fluctuant pairs, but I’m confident I’ll get back in the game.

Happy Trading,

Sam J

MegaDroid Pro EUR/USD

July 24th, 2009 Sam J No comments

Logic = 1

Not Aggressive or in Recovery Mode

Modelling quality 90.00%

Profit Factor 5.40

EURUSD 1

VS

Logic = 1

Not Aggressive or in Recovery Mode

Modelling quality 90.00%

Profit Factor 3.18

EURUSD 2

SUMMARY

When comparing the EUR/USD pair, a simple change of the aggressive setting can result in a large difference to both your own mindset with it trading, and also to your pocket.

In saying this, the much lower maximal drawdown of the non-aggressive setting far outweighs the extra NET profit of the aggressive setting.

CONCLUSION

So in conclusion, I’ll be using EUR/USD without recovery mode on, nor with aggressive mode on.

I’ll keep testing pairs and hopefully find the most powerful set and put them into action ASAP.

Happy Trading,

Sam J