www.FjodorForex.de

[FjodorForex]

Hello Community,

you would like to use my investment and generate additional income? If you do not already have it, please open a brokerage account, preferably via the following partner link. Due to the partnership between JFD Brokers and me, there are no additional costs or disadvantages for you. The more investors use my partner link to open a brokerage account, the lower will be the costs for my investment in future.

www.FjodorForex.de/JFD

Best Regards
FjodorForex

[withnail]

Thanks very much.

Hello withnail,

the further steps are: 0.19 > 0.21 > 0.23 > 0.25 > 0.27 > 0.30 > 0.33 > 0.36 > 0.40 > 0.44 > 0.48 > 0.52 > 0.57 > 0.62 > 0.68 > 0.74

At this point we has 32 open trades and the course has go up 20 cents / 2000 pips (for example from the current 1.3295 to 1.5295) without interruption.

So I hope that this isn't an to big escalation for you?

When your question isn't answered good enough, please write again. You have more questions? Please write, I will answer all your questions as soon as possible.

Best Regards
FjodorForex

Sent from my iPhone using Tapatalk

[FjodorForex]

Hello withnail,

the further steps are: 0.19 > 0.21 > 0.23 > 0.25 > 0.27 > 0.30 > 0.33 > 0.36 > 0.40 > 0.44 > 0.48 > 0.52 > 0.57 > 0.62 > 0.68 > 0.74

At this point we has 32 open trades and the course has go up 20 cents / 2000 pips (for example from the current 1.3295 to 1.5295) without interruption.

So I hope that this isn't an to big escalation for you?

When your question isn't answered good enough, please write again. You have more questions? Please write, I will answer all your questions as soon as possible.

Best Regards
FjodorForex

[withnail]

Many thanks for the clarification.

Out of interest, how do the lot sizes progress after 0.17? I realise this has never happened in 12 years, but I'm curious to know how quickly things might escalate at that point.

Hello withnail,

thank you for your interest and question and sorry for the late answer. I have changed my forum settings and subscribe to this topic, so in future I get a e-mail when I get a message or there is a new post here. Then I answer within 24 hour.

This isn't a typo and the position with 0.16 lot isn't missing. As you write, you can see this also in my strategy backtests:

                www.FjodorForex.de/Backtest

                www.FjodorForex.de/MyFxBook

So you ask why the EA do this step: This is a part of the findings, results, settings and tests that I have done before I go live.

When your question isn't answered good enough, please write again. You have more questions? Please write, I will answer all your questions as soon as possible. Some questions are also answered in the following forum. You can ask questions there too:

                www.FjodorForex.de/BunkerForexForum

Best Regards
FjodorForex

[FjodorForex]

Hello withnail,

thank you for your interest and question and sorry for the late answer. I have changed my forum settings and subscribe to this topic, so in future I get a e-mail when I get a message or there is a new post here. Then I answer within 24 hour.

This isn't a typo and the position with 0.16 lot isn't missing. As you write, you can see this also in my strategy backtests:

                www.FjodorForex.de/Backtest

                www.FjodorForex.de/MyFxBook

So you ask why the EA do this step: This is a part of the findings, results, settings and tests that I have done before I go live.

When your question isn't answered good enough, please write again. You have more questions? Please write, I will answer all your questions as soon as possible. Some questions are also answered in the following forum. You can ask questions there too:

                www.FjodorForex.de/BunkerForexForum

Best Regards
FjodorForex

[withnail]

Just reading back through the thread and noticed this. Is this a typo? Up until 0.15 lots, all sizes are 0.01 lots larger than the previous position. Then it jumps from 0.15 to 0.17 (and 0.30 to 0.34 with a 10,000 Euro balance). Is this correct, or is the 0.16/0.32 position accidentally missing?

EDIT - looking at the backtests, the lot size does indeed jump from 0.15 to 0.17. Please can you explain why?

Hello hardyli,

thank you for your post.

I think it can last forever. Please look to the strategy backtests of the past 12 years:

[COLOR=#000000]www.FjodorForex.de/Backtest

A big drawdown will be handled like i said in my last post. The grid system open the positions in the following steps:
0.01 > 0.02 > 0.03 > 0.04 > 0.05 > 0.06 > 0.07 > 0.08 > 0.09 > 0.10 > 0.11 > 0.12 > 0.13 > 0.14 > 0.15 > 0.17[/COLOR]

Yes, i will always initially open 0.01 lot, because in my account i only have a equity of 5.000 Euro / USD. With 10.000 Euro / USD the positions steps are doubled:
0.02 > 0.04 > 0.06 > 0.08 > 0.10 > 0.12 > 0.14 > 0.16 > 0.18 > 0.20 > 0.22 > 0.24 > 0.26 > 0.28 > 0.30 > 0.34you have more questions please write again. I will answer all questions as soon as possible.

Best Regards
FjodorForex

[FjodorForex]

Hello demoigen,

thank you for your interest and post.

1.) I haven't tripled my account balance. As I already mentioned here in the thread, my basic / normal / start account balance is always 5.000 Euro. If the drawdown is higher than 2.500 Euro, I double my account balance to 10.000 Euro. This should not happen very often in the next years, but when it happen, I do this step and double my balance from 5.000 Euro to 10.000 Euro.

@hardyli
Thank you for this good question.

Independent of the open trades i have the current plan: When I reach a drawdown of 2.500 Euro I will double my account equity to 10.000 Euro. So with this step and the knowledge of the twelve years strategy backtests that the drawdown never was higher then 5.000 Euro I will get a maximum drawdown of 50 %. I will never close any trades manually. In this drawdown situation I see my strategy more like a stock investment. Sometimes it look bad for a longer time but after this there come better times. The difference here is that it only takes 10 or 20 days with my strategy and with a stock investment it can take longer until the drawdown is recovered.

Furthermore, should the GBP / USD go up several cents (3 to 10 cents) without interruption to generate a drawdown he only need 2 cents go down and the drawdown is forgotten. This ratio is a advantage for me. Finally these drawdowns are very rare in a year.

2.) It is absolutely sufficient if an investor deposit 5.000 Euro. The probability that directly after the deposit a drawdown for example up to 4.880 Euro comes is very low. After three or six months the balance is already at 5.500 Euro or more, and then the likelihood of a margin call is much lower. For example until the BREXIT (Proposed referendum on United Kingdom membership of the European Union) I has a profit over 1.000 Euro and would have survived loosely the BREXIT with 6.000 Euro balance. Doubling the balance would have been no longer necessary, but it was important in my case, so that a margin call is absolutely prevented because I also investors and followers that invest more and a margin call must be excluded. This I can make pretty sure with the doubling.

3.) My GKFX MAM works like my live account. There is no difference or differences between the two. Deposits can be made there as fast as any other broker. That we rise a drawdown of 2.500 to 5.000 Euro, that no further more deposit is possible is very unlikely. Even before and during the BREXIT this was easy possible but as already written actually not necessary, since the balance so directly increases to such an incident. My GKFX MAM is during the BREXIT not failed because the MAM will start on July 04, 2016 exactly on the same day when I activate even the EA on my Live account.

When your questions aren‘t answered good enough, please write again. You have more questions? Please write, I will answer all your questions as soon as possible.

Best Regards
FjodorForex

[withnail]

Thanks - as I said, my losses were solely caused as a result of my broker changing my leverage to 1:25 after the basket had opened. If it hadn't been for that I would have been fine. I could have topped up again, but the risk of a continued surge in Sterling with such low leverage left me with no option but to close my trades.

Hello withnail,

thank you for your honest post.

I'm really sorry that you had significant losses because of me. As I have mentioned hereinbefore, to trade during the time of the BREXIT (Proposed referendum on United Kingdom membership of the European Union) wasn't absolutely my aim and desire. Unfortunately it happened and the strategy has come to their limits, but not pushed beyond. If you look to the Strategy Backtests, you can see that such a high drawdown is possible and you should be prepared at all times. Because of this my recommendation is to invest at least 5.000 Euro or more. As written on my website, my strategy is should rather a complement to diversify to other investments.

I hope I haven't done wrong in my previous communications regarding my strategy. If I can do anything for you, please write me.

Best Regards
FjodorForex

[demoigen]

[FjodorForex]

Hello withnail,

thank you for your honest post.

I'm really sorry that you had significant losses because of me. As I have mentioned hereinbefore, to trade during the time of the BREXIT (Proposed referendum on United Kingdom membership of the European Union) wasn't absolutely my aim and desire. Unfortunately it happened and the strategy has come to their limits, but not pushed beyond. If you look to the Strategy Backtests, you can see that such a high drawdown is possible and you should be prepared at all times. Because of this my recommendation is to invest at least 5.000 Euro or more. As written on my website, my strategy is should rather a complement to diversify to other investments.

I hope I haven't done wrong in my previous communications regarding my strategy. If I can do anything for you, please write me.

Best Regards
FjodorForex

[withnail]

Unfortunately, I had to cut my trades with significant losses about 8 hours before the downtrend started. This was due to my broker cutting leverage on GBP to 1:25 after the basket had been opened, which made it impossible to continue given that a Remain vote would have caused Sterling's incredible surge to continue (I topped up my account once but couldn't risk another top up with the market being so volatile).

I realise that this is a once in a lifetime situation, and hopefully I will be able to recover the losses going forward .

It's pretty amazing that the strategy was able to absorb such a huge rise in GBPUSD and come out ok. Nevertheless, it would have been very interesting to see how the strategy would have coped with a remain vote.

[FjodorForex]

Hello fivepips,

thank you for your post and feedback.

On July 4, 2016 I will continue trading.

Best Regards
FjodorForex

[fivepips]

hi all,

I missed gains, but preserved my capital. I consider the capital increase of part of the forward testing. All the brexit negotiations will take 2 years and the weakened GBP will boost exports. This is real currency wars, race to the bottom. I get back next week to the game.

Have a good weekend!
cheers
fivepips

[fivepips]

hi all,

interesting to see how the current basked is going to be resolved. I went flat last week Thursday evening because of the margin restrictions. now the strategy is really getting tested. and now obvious that 1x risk is more than enough. for the long term yes, easing is needed in all eu countries and fed will raise rates. but short term with low liquidity everything is possible..

all the best
fivepips

[FjodorForex]

Hello fivepips,

thank you for your feedback and post.

As I have written here, tomorrow (Thursday) at 11:00 PM (Timezone: GMT +1:00) I will change the settings in my EA, that he only closes the open basket in profit and then don't open a new basket. If my EA doesn't succeed to close the basket within 24 hours, I'll be looking at the market on Friday before he closes and may close the basket manually.

Best Regards
FjodorForex