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my throttle variable determines how heavy i bet
on my trades. truth is that a 100% throttle would
result in a lot of margin calls, and i dont want
that. the most recent position, the one that just
closed ended up playing something like $35.00 of
margin. i get tempted to up this throttle, but
every couple of weeks or so it will dig in and
put just a shtload of money onto the table. so
i have to restrain myself and keep it pulled
back so that i will be able to ride out those
current balance: $1,032.27
i just checked and my cherry is still intact.
thank god for that.
beginning balance: 1008.00
current balance: 1032.27
profit: $24.27 (2.40%)
another position has been started.
current margin in use: $7.00
current drawdown: $-2.16
i feel very comfortable at the 10% level.
just fyi for those that might be interested...
the platform that i am trading does react
differently in live mode compared to trading
demo money. demo trading resulted in almost
no requotes. but when i fired it up on the
live account, jesus, it just started requoting
almost every trade request. but, i had my
ordersend function set to accept NO slippage
and i figured why not just try telling it to
accept 10 pips of slippage. guess what? it
started accepting the trades and it really didnt
give me any unacceptable amounts of slippage.
it only slips me a couple of pips here and there.
i just looked and my most recent trades, out of
three of them two slipped none at all and one
of them got slipped six pips. no real biggie.
i took slippage issues into consideration when
i designed this system. truth is, i am slipping
them before they slip me so in most cases the
worst case scenario is gonna be that i get
slipped little to none and on a good day i slip
quote:no, it is not. i have traded one other account
Is this you first time trading with real money?
live. i traded it manually, not using any
automation. oh my god did i ever lose. it was
horrible. me trading manually is like watching
some kind of wild beast go into convulsions.
it was a nightmare. oh my god, the price is going
against me? what should i do? oh sht. better
close it out. quick. hit the button. go to cash.
now. now. now. then the darned thing would turn
around and hit my target. wtf? almost every time
that was how it went. do you know why i traded
that account manually? because i wanted to know
and understand every last detail regarding this
game of trading. i didnt want to understand
losing by reading about it. i didnt want to
understand it from playing game. i played a
little $800.00 account and it was every last
penny that i had to my name. believe me when i
tell you that i felt the pain. it hurt, but i
play that little sucker until i took it down to
absolutely nothing. but i will never for any
thing trade manually again. thats for those
probabilities guys. thats for those folks that
want to play crapshoot. i dont like that game.
quote:let me clear that up for you.
Not sure I'm following what we're looking at or
what you're trying to show us...
there is nothing of interest for you here.