Also, I use 400.1 leverage which would obviously help to withstand any possible margin call as well.
I am using IBFX mini account. Which means that .01 lots is 1 cent, Or $0.01. To trade at this level you would need at least $500.
Now here's the trick to the major money management of this.. at $600 the compounding will increase to 0.02 or $0.02. My Plan is to remove 50% of all equtiy that is gained in the account every two weeks.
So if I made let's say $100 in two weeks, I would remove $50 from the account and just put in a Savings account. This way after a couple of weeks you will have the money you initially invested in this strategy and you will no longer need to be too worried about a margin call becuase you're trading with money you have taken from the market.
note: this is an extremely conservative money management strategy to an extremely aggressive trading strategy. The hedging is great and really pads the account, but the martingaleing like many have said before me will destroy your account. It's not an IF it's a when..
Here is my version of blessing EA. ENJOY !
removed due ask of author of thread
Oops, this is the wrong forum for this post. I think you wanted the other thread that was started specifically for the Blessing EA.
1. A fix to the above mentioned problem, that of closing previously opened buy orders.
2. A way for us to adjust risk ourselves, lot sizes, etc.
If anyone can do these things and post a new EA it would be appreciated.
Thank you in advance.
so what is this post for ?????
The V1andV2 EA only.
ok , no problem , I deleted mine I personally dont like editing other programmers EAs , every programmer has his own way of coding.
I always prefer to code from scratch , good luck
I cannot get either the V1 and V2 or the V1 and V2 mini to take any trades on backtest. What could be the problem?
I have the same problem.
You're not alone
I can get trades on strategybuilder but not on fxdd or alpari. I can't find the problem. Any ideas?