uberpips
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I would have to tally 109 trades to do that since I have been manually compounding. All I can say is that I have been at a high of 88% gain and currently around 60% gain on the original account size. To estimate you can look at the FMT log from 9/14/10 when I started and omit 12/15-1-17/11 and get close to my pip count.
helpful post mate. Its soo much all about the psychology. FMT aside, I look forward to developing my own manual trading strategy with a similar risk to reward ratio.
Beerslayer
Newbie
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I'm down to 1 mini lot until this crap is over!
That's what I've been trading all along, fortunately. I could go down to 0.05 lot, but I think that if the results don't improve this week, I'm just going to shut it off until it starts to show consistent profits again. Once I start making money with it, I'll increase the lot size.
quote: until this crap is over.....
that's the tricky part.. when can one be certain that it's over... wish Marc Fric would take some initiative and make some comments on market conditions and most recent performance by FMT...
He hasn't been on these forums in ages..
that's the tricky part.. when can one be certain that it's over... wish Marc Fric would take some initiative and make some comments on market conditions and most recent performance by FMT...
He hasn't been on these forums in ages..
Hi Coral, Thanks for your analysis on the NY open times. Since the premise of FMT is to trade a thinly traded-pair GBPUSD in the Asian session, and rely on the volume surge during the London open - it might be useful to test a thinly traded-pair in the London session, and rely on the volume surge during the NY open. Pairs that I believe would surge during NY open may include USDCAD, CADJPY and USDJPY, simply because Canadian and American bankers probably like to trade their own currencies when they wake up in the North American morning. Cheers
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PipZombie,
Yes it does makes sense to stop trading as per your trading plan. I am in the same boat as you. I think we may be entering a new type of market phase which has not been seen in last 2 years but it is very common in terms of bigger market cycle.
Ultimately it comes down to having a solid blueprint / trading plan and sticking to it.
Thanks for your contribution to this forum.
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One of the few important things to take in to consideration when formulating a trading plan is to consider maximum drawdown before you stop trading any strategy and reevaluate. It all depends upon personal risk and tolerance level for example if you have 20% drawdown you will need to make 25% to recover, table below will show you how much you need to recover once in drawdown.
Drawdown - To Recover
5%- 5.30%
10%- 11.10%
15%- 17.60%
20% (Danger Level Yellow)- 25.00%
25% (Level Red -Stop Trading, regroup) - 33%
30% (You‟re now gambling!)- 43%
40%- 67%
50% (You Are kind of Done)- 100%
The next percentages are for those who just want to blow up their account!
60%- 150%
75%- 300%
90%- 900%
I hope this helps.
Drawdown - To Recover
5%- 5.30%
10%- 11.10%
15%- 17.60%
20% (Danger Level Yellow)- 25.00%
25% (Level Red -Stop Trading, regroup) - 33%
30% (You‟re now gambling!)- 43%
40%- 67%
50% (You Are kind of Done)- 100%
The next percentages are for those who just want to blow up their account!
60%- 150%
75%- 300%
90%- 900%
I hope this helps.
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andybissell
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Who's ready to lose some more money?!
Looks like a better signal today than we've had for a week or so!
Looks like a better signal today than we've had for a week or so!
Who's ready to lose some more money?!
Looks like a better signal today than we've had for a week or so!
Load up:clap:
I am on Fxdd live...no trade for me either.
