Hi all....
I wasn't in the forum since my last post....
I will continue my posts, up and downs, hoping it will help others...
My may result isn't great, not because the markets or the profx system, no because of my very bad habit trying to recover losses with short scalps and high lot size.
Normally I traded 0.2 or 0.3 lots per trade, but in the short scalps I used up to 0.6.
Plus trading emotionally....very bad
After withdrawing some money as my 'salary' I had to reduce my lotsize again to 0.1.
To prevent my normal account from my scalping I opened another small account with $100. On this account I can play around with my scalping in M1, using the same profx rules as normal and trying to double, triple etc it with high risk lot sizes.
Todays profit: +28%.
On my normal account I began June with two great tp filled trades.
+ 125pips
I changed my rules slightly:
- only trading: EURUSD, EURJPY, GBPJPY
- using M15
- entering when all indikators are ok
- stoploss on the bullets of the profx01, trailing stoploss on these bullets
- most important: I let it run until stop or profittarget
- Targets: eurusd: 50pips, eurjpy and gbpjpy: 70pips
- When I got one target, I don't trade on the same pair again
- When I be stopped out, I take a second signal on the same pair and finish with it.
Good luck....