Quote:
Originally Posted by dr_zeus
Boca -
Can you explain what happened on the XAG/USD trades? 5000 up then 5000 down? That doesn't seem right. Also, 18% return over how long? about 2 months, right?
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Dr,
The XAG/USD trades of 5000 pips are correct. If you notice the price of silver over the last couple of months it has moved a hell of a lot. But factored into this 5000 pips is the actual price of 1 pip which, would have to be tuned by using a lot size that wouldn't put the account at risk if the SL was triggered for a loss.
What I am doing on all trades is looking at the position of the SAR dot in relation to the price. The difference is the exposure or risk in the trade and I then choose a lot size that only risks 1 to 1.5% of the account balance if that SAR dot were to be hit.
The 18% or 4500 USD profit on a 25000 USD initial balance is over a two month period. Most of the profit was made during the first month and the month just gone has just about broken even.
Rgds
Boca