When I open up for trading Sunday night (Monday at Asia), I will most likely be running the EA on 6 different currencies using a smaller lot size. I will complete deciding which to use this weekend.
When I open up for trading Sunday night (Monday at Asia), I will most likely be running the EA on 6 different currencies using a smaller lot size. I will complete deciding which to use this weekend.
OK. I'll be starting with the currencies, all put to 0.05 lots on a mini account.
EURUSD
USDCHF
USDCAD
GBPUSD
EURUSD
EURGBP
I do not believe I'll be giving individual reports on each currency as it's much easier to simply show the results of them all combined. I'll continue to update the chart with the daily total so you can pick through them and determine which is currently working out best if you like. And yes, I am aware that running in .05 lots on 6 currencies nevertheless leaves me with the high risk I had with 0.1 about 3 currencies.
Component of this trading doctrine of the EA system is trading lots of unique currencies so that if one pair or currency is having a bad day others make up for it or assist offset the losses from being winners. You are very heavy into the USD so if it has a bad day you have to help cover.Originally Posted by ;
Also, you're trading .05 before you have settled into a platform, you must exchange .01 till you do.That manner if things dont go well you dont need to recapitalize to test again. In my testing I've not done as well with fewer pairs but have done better overall using more.
I composed that slightly wrong, I place EURUSD. Here is how it should read:
EURUSD
EURCHF
EURGBP
USDCHF
USDCAD
NZDUSD
Additionally, I dropped the lot size to 0.03. I am different from the intent of a lot. My lot sizes are on the risky side and my choice of currency pairs is not quite as diverse as it probably should be. My reasoning for the lot size is that I am willing to get rid of every cent of that $2000 I started with for this experiment. For me, the risk would be worth the reward. It should be obvious, but do not follow my lead if you don't would like to eliminate all of your money (not that you can, but again keep in mind that I am willing to lose it all).
2000 at .02 or .03 gives you space. I tried comparable currencies on 300 dollars at .01 and couldnt make it function. There wasnt margin room. You've got plenty of margin space for what you are doing. Allow me to know how it goes. I would recommend that the chf/jpy, AUD/JPY or NZD/JPY over the NZD/USD or USD/CAD. They have a propensity give you a few diversifiion and to retrace more. The CHF/JPY moves in all three sessions whereas the USD/CAD is basically a 1 session currency. CAD or the NZD using the USD have pushed me nuts at times. The USD dominated them without retracing very 19, and they'll just run and run for days. Because it will run at least twice a day instead of the one big run of this USD/CAD, the NZD/USD I enjoy better than the USD/CAD. It has a chance of retracing outside of the USA session. The USD is a very dominating currency and they're very small currencies. Fantastic luck.Originally Posted by ;
I'll take that advice.
Now showing:
EURUSD
EURGBP
EURCHF
GBPUSD
USDCHF
CHFJPY
Still at .03 we shall see how it goes this forthcoming week. My egy would be to basically allow it to ride as little interference from myself as you can. After reading the EA times through, I have a lot of confidence from the idea.
This gives you 3 usd 3 eur 3 chf two pounds and 1 jpy. That should provide you diversifiion and keeps you in the majors. If things go adding another JPY probably would be useful. You'd trading every session well.Originally Posted by ;
Looks as if you are currently getting it going!
Keep posting those outcomes.
PD