I trade Forex full time, using my own EAs to enter and then manually manage open trades once price clears the danger area.
The majority of my trading is done on the Daily charts, trading multiple pairs.
Try to keep drawdown minimal as I only use a fairly small position size and looking for the big moves on the Daily charts. Until a trend has developed, I may take a number of smaller losses in the meantime, but the big moves normally more than make up for these.
I also look at possible re-entry/s on trades if I am stopped out and the trade signal has not changed, and price goes back to my original entry point. Be aware though, that these re-entries will be with a bigger position size (which is limited) as I will be attempting to recover any losses as soon as possible.
I am currently trading two live accounts with the same pairs and trading systems. They are not always in sync though due to various reasons, but normally pretty close. I have allocated myself AU$100,000 to trade, but have decided to only put AU$20,000 into each account, holding the remaining AU$60,000 in reserve if required. After the recent CHF issues which caused some brokers to close down completely, I am not that comfortable placing too much money in these accounts. I will try and maintain that AU$20,000 balance in each account as will be withdrawing profits when they present themselves.
Hey guys, I've had access to a custom indicator called PIP-F ATR Stop for quite a few years now and use it a fair bit for my trading on MT4. The problem is, I don't have the source code for the MT4 version, and now I would like to use it on either
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