This is one of two live accounts I have. Currently trades are taken off the Daily charts on multiple pairs. I use one of my own EAs to enter the trade and then manually manage the trades once price has cleared the danger area. There is always a stop placed at time of entry. Position size is deliberately kept small as there can be a large number of trades open at the same time. I also have my own monthly targets, so i will be withdrawing funds when I reach certain levels, where I plan to keep the trading account size at approximately $20,000.
From the 30th March 2015, I have reduced my entry size down to 0.05 lots as I have slightly modified the EA to reduce the initial stop loss as soon as the signal candle closes the following day. As this EA does look for re-entry/s if stopped out and the signal remains intact, I decided I wanted to reduce my risk due to the fact that these re-entry/s will be of a larger position size. The trading at my other account called JAGfx1, still uses the original EA settings and position size.
As of the 7th April 2015, I am also adding trading off the 4hr and 1hr charts. Initially I will be using a smaller position size of 0.01 lot for initial entry. I am basically using the same EA, but just on the smaller time frame. I will also manually manage these trades at times, but they will have a built in trailing stop capability and a hard stop loss if I am not able to monitor at times. Depending on the results, will determine whether I increase position size or not. Thanks.
MFE and MAE Distribution Point Graphs
Maximum profit (MFE) and maximum loss (MAE) values are recorded for each open order during its lifetime. These parameters additionally characterize each closed order using the values of the maximum unrealized potential and maximum permitted risk. MFE/Profit and MAE/Profit distribution graphs display each order as a point with received profit/loss value plotted along the X-axis, while maximum displayed values of potential profit (MFE) and potential loss (MAE) are plotted along the Y-axis.
Place your cursor over parameters/graph captions to see the best and worst trading series. Find out more about MAE and MFE distributions in the article Mathematics in Trading: How to Estimate Trade Results.
The average slippage based on execution statistics on real accounts of various brokers is specified in points. It depends on the difference between the provider's quotes from "GoMarkets-Real 1" and the subscriber's quotes, as well as on order execution delays. Lower values mean better quality of copying.