Ok, after I trashed the myfxbook link to my real account, I finally got it sorted out. This should be the last time I have to change it… Just a reminder, that this is a Real account with IBFX.
You know you could also post a widget and when readers click on it it brings them to your account.
[B]S1L1KON’s Account[/B]
edit For some reason in the title bar of the widget it says hotforex currenex which is from my page. I copied the widget code from my page and added S1L1KON’s page info but for some reason the widget is still titled with my info??? I should stick to electrical
That’s more like it! Too bad the balance is pointing the wrong way, but it’s been a dead on all the scalping pairs except for the USD/JPY all week for me. Today, the news filter is showing RED for the Belgium NBB Business Climate, and RED means no trade as I understand it.
If you’re going to make a purchase, buy both of them. The customer support is fantastic and they developers/owners monitor these sites and give regular feedback.
I agree, buy them both. My recommendation is to set yourself up realistic goals. Mine is 5%/month growth. At just below 12% right now I’m on target. Would sure like a litte more cushion though. The starting months can be hard so give them time. Also, IMO a minimum starting balance of $2k is important. More is better. Others might disagree but that is my opinion. Let the EA’s do what they need to do. There is talk of closing trades on friday. Since I’m on track with my goals I won’t touch them. Maybe later if I get desperate :eek:
Buy the combo pack and set it up with all default (out of the box) settings. 2K minimum beginning balance (Currency of your country). Subscribe to this thread. Set up a MyFxBook account and link your active account to it. Any questions or concerns just list them here or contact support.
Thanks guys, i haven’t purchased an EA since megadroid and i got that refunded due to poor performance but this one gives me faith from everything said here and the way Robert has acted on babypips, very professional!
I get a good feeling form this EA and Johnny has made a good point that i can’t shake ! “Diversify”
I can accept 5% profit, apart from December and January which we know are never good trading months how has the return been for the other months?
I should have explained a little better. I don’t expect 5% every month. That would be average through the course of the year. January (when I started) instantly dropped almost 6.5% before recovering and February made up for both months. So time will tell.
Aug-Sept 2011 total gain 54.99%
Sept-Oct 2011 total gain 50.90%
Oct-Nov 2011 total gain 112.56%
Nov-Dec 2011 total gain 55.26%
Dec-Jan 2012 total gain 22.74%
Jan-Feb 2012 total loss -15.68%
Feb-present total gain 10.31%
Something I’ve been looking at is risk settings…I’m keeping the relative settings between the eas but since I now have it running on a 300:1 leveraged account I reduced the lot percent to 50% of default.
Strange thing is that it seems to use smaller lots than when I had it on 100% default with a 100:1 account.
Still Recovering from the recent Drawdown. Hope the recovery picks up soon.
Happy Trading!
BTW - To the moderator, I missed the memo about using BB Codes to embed these widgets in the forum post. I am use to HTML codes. Could have saved me some time. Oh Well.
Hello Hamno,
When you change the leverage on the account, like in your case from 100:1 to 300:1, the trading will be different only in those cases where extra leverage is necessary, like when many pairs are open at the same time, usually more than 4 pairs using our default settings.
The fact that you are using extra leverage allows these last orders to be of the same large size as the first ones, whereas if you had 100:1 they would be progressively reduced in size, to avoid overtrading and the chance of a Margin Call.
By reducing the lotpercent to 50% you have in fact reduced the trading lot sizes to half. Given the fact that you are using 300:1, you are making it safer in the case of multiple pairs trading simultaneously. This makes a margin call virtually impossible since you insuring that you will not overtrade the account. Because you have the account at 300:1 it is a reasonable precaution, since the leverage is too high.
We recommend staying with 100:1 so that the Money Manager will protect you in any event by shrinking the size of the progressive simultaneous orders, while the first few orders trade at full strength.
On default settings at 100:1 you can trade comfortably and you will not encounter margin calls ever, unless your account balance is just too small for the minimum lot size your account trades.
Wow, looks like an ugly morning, 4% gone. That EUR/USD finally closed, the wrong way. This week’s been sketchy, I’m guessing because the Europeans are still wondering when the other shoe is going to drop. Still up 11% for the month…
Robert, I appreciate the detailed answer. I had the original 100:1 account setup purely for MS/BH but in the end added a couple of other EA to try and balance out the DD period which has worked out relatively well account balance wise, but now I understand why I was watching my margin quite carefully.
Actually running at 50% doesnt sound so bad to me at the moment until Europe finally has a plan for Greece.
Wow, over 10% lost in two days, I’m still up for the month, but it’s much nicer to watch the graph go up than down. The markets are out to get me, I know it
i take 10 pip profit rather than trying for a 50 pips anyday !!
