sigmatrader
»
Tue Feb 28, 2012 05:00 AM
CONSERVATIVE settings with a 100:1 leverage account 0.05 micro lot (50 cents a pip) per $500 in account Slow and steady wins the race. Allowing me 3 slots will obtain the same performance as shown in the graph, but I normally have 1-2 OPENED trades at once. Also, I typically don't use pending orders unless I am manually managing a big drawdown. Keep in mind, I mostly maintain a low drawdown (<300), but DO NOT get greedy and oversize your lots. Look at my max historical DD and size responsibly. My strategy will not be directly applying a SL unless I manually set it, so it will give those who do not set a SL the option to ride out the trades. Check my performance history to see how often, and to see how long it takes to recover. The important thing is to obey Zulutrade's margin call-o-meter as it is very accurate and helpful when having multiple SPs. Practice safe money management and we will be successful. I want people to be aware that no one can predict the market 100%, so you have to always practice safe money management to allow for any unpredicted storm that could rock the boat (unexpected large DD). This system has experienced a DD of 568 in the past, so it is not to say that it can't happen again. I believe I have improved in recognizing set ups that could potentially cause big DD, but one needs to always be prepared. Thank you.