All good. Thanks Smart
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No, the algorithm dynamically chooses the TP levels for each position of the grid to the same final price, in order to average them to BE when the price goes negative far away the first entry.
If you see it in the charts, almost every time, the TP of every position is in the middle between the first entry and the last one.
Originally posted by Henri View PostHi Vijay,
Did YOU close the last basket EURCAD manually or was closed by the EA? Just curious to know...
Henri
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hey guys,
after a long time we saw DD around 20%. But we exited at almost BE. i am very glad that it worked. I might reduce the risk a bit, may be by 20%. i will inform you guys once i do this, so that you guys don't need to be in tension we still have got more than 31% this month, a great month
CheersLast edited by SmartTrader; 03-31-2014, 02:10 PM.Trade the market, not the trader
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Originally posted by SmartTrader View Posthey guys,
after a long time we saw DD around 20%. But we exited at almost BE. i am very glad that it worked. I might reduce the risk a bit, may be by 20%. i will inform you guys once i do this, so that you guys don't need to be in tension we still have got more than 31% this month, a great month
Cheers
Sent from my Nexus 5 using Tapatalk
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Originally posted by pearcey2 View PostHow much will you reduce the risk? I'm running at 0.4x and was comfortable with the recent dd. What should I turn my risk to to keep the same settings?
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i see the figure of 20% being a possibility is this the figure you will run with?
many thanks
//Ben
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Hi Guys,
i just reduced the risk size by 20%, i am hopeful we dont hit the same DD again for sometime. so till now i was opening 0.01 lot size for every 150$, now i made it to every 180$, so my master opens 0.03 lot size instead of 0.04 till the account grows to 720$.
For those who wants the same risk as earlier, you can modify the following way
multiply your current risk with 1.2, and put the result value as your risk, you will get the same lot sizes as earlier
e.g. if your current risk is 0.5
1.2*0.5 = 0.6, so your new risk setting should be 0.6
if your current risk setting is 0.4, then 1.2*0.4=0.48
simple, sorry for the change of risks and unnecessary work for you guys, but its for good.
if you keep up the same work as this month, with the reduced risk we should be able to achieve 25%, thats a lot, isnt it?Last edited by SmartTrader; 04-01-2014, 04:16 AM.Trade the market, not the trader
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