Recent content by sunny12

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...

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...

out BE+5

-45 pips today .... should have only risked 1% as mentioned before here, inplace of 3%..... :mad:

Thanks Guys For Different Settings. It seems 10 pips is working out a lot.

It seems to me that everybody is using some different settings. For example many today are +10 or +30. Anybody with standard setting of 35/40/20BE trading today?

Out at BE. This must the be month with maximum number of BE. Trading with standard setting.

Out at BE.

Mike, Can you please share the other system which you have been running for over 4 years and profitable. Is it a commercial system or your own ?

Yes trading off the charts is not possible in MT4 and you have to open up the order window to adjust the SL and TP. This is one of the main reasons the real scalpers don't use them. The only way to get around are the EA's. But again they are good if you have fixed SL, TP and trailing stops...

It did not reach 30 pips today. Again within 2 to 3 pips. Out at BE +3 pips. I think it is about time to go for 28 TP and 35 SL for April.

Yes you are right.......

Thanks for the feedback.

Podberry, How safe are SLM . Any issues with withdrawal.

Most likely EA will fail if there is no functionality built to support this issue. As far as I know all the normal EA's dont have this feature.