Using a piece of note book paper, a calculator, logic thinking, and a ton of math, I have upgraded my trade style. Gains should be more consistent, losing trades should have less of an impact, and margin consumption should be much lower over the duration the position is held. This upgrade takes more advantage of channel trading since the pairs channel more than they trend. My son trading only $2,000 was the first motivation for the upgrade. My daughter will be going live soon as well.
Hobbit is putting the final touches on the last few demo tests. He is trying to margin call it. He is using different account balances, currency pairs, and market conditions. Of course to be real accurate he would have to test the whole year and for many years. The style just before this one was not so prone to mistakes. This upgrade will be even better. I guess that’s why it is called an upgrade.
The demo parameters remain the same. Account balance is $1,000, leverage is 400:1, and one lot will control $1,000. My son is trading a live account using this style as well. He will be trading a little conservative considering the demo testing is not yet complete.
I will have this fully put together tomorrow. I will place the firs trades near 5:00 pm EST. My favorite time to close positions and enter new ones. The last $1,000 dollar question had a 70 something percent ROI. This one should be better or I guess I will not be able to call it an upgrade.
Until tomorrow!