Hi, on alpari UK (demo) the SL (-40) is still OK and the trade is running... I don't know why i'm still in, and other on alpari are out = /
edit: entry at 1.6153 (SL -40 TP +35 / hidden SL -55 hidden TP +55)
Anyone else get that sinking feeling that we just got swindled? I wonder if the banks are onto FMT?
I'm still in, my entries:
- 1.61519 48SL
- 1.61516 49SL
+10 pips currently.
Let's see how it ends.
Anyone else get that sinking feeling that we just got swindled? I wonder if the banks are onto FMT?
Xbourse as i understand it your 'Hidden SL' is the actual one you trade with. If that is set at -55pips that would explain why you are still in. Chris
by the way how many consecutive losses were found in backtesting. I need to look at that data.... will help more for good MM.....
Originally Posted by sunny12
by the way how many consecutive losses were found in backtesting. I need to look at that data.... will help more for good MM.....
Based on my backtesting over 2009 & 2010, if you didn't trade the end of December and beginning of January then both years had a couple of instances up to three consecutive losses. However there was an instance of four consecutive losses in late December last year. I'm just wondering if the situation in Libya has got anything to do with our bad run ATM. However if it is limited to three consecutive losses then based on history we've been there done that and have survived with a long term profitable system. So keep your chins up fellow traders and we shall al get rich together.
This obsession with consecutive losses comes up so many times. Losses are losses and it makes no difference if they are consecutive or not in a series of trades. The only important thing is the win to loss ratio. If you have 4 losses out of 10 trades, the results are exactly the same whether the losses were consecutive or random.
The only thing that a losing run of 3 or 4 trades will affect is the physchoclogical well being of the trader. If it does, then you are not ready to trade live! Go back to a demo account until you are able to handle losing periods.
I have seen a lot of Grrrrr etc in the recent posts. Anybody who puts or Grrrr into their posts because of 2 losing trades after a brilliant successful run should be questioning themselves whether they really should be trading.
Does anyone here use Gekko Spreads? They have recently changed their order ticket, and while they were at it, they altered the closest stop distance. I used to be able to put a stop at 10 pips away, now I can only place it at 20 pips or more. I can place another (opposite) order to close, but I'm sure this means another loss of spreads.
Can anyone explain this?
Anyone else get that sinking feeling that we just got swindled? I wonder if the banks are onto FMT?