2009-02-12, 04:00 PM
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#9 (permalink)
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| New user
Trader for 0 - 1 year
Location: U.S.
Posts: 6
| facebook group Quote:
Originally Posted by vogelezang Jey,
The results where pretty amazing. I have blown at least 2 dozen demo-accounts. But all on purpose. If you never try you will never know what the risks are. If you go with the reccomended settings I think nothing will happen, or, if something goes wrong in a test, it will take months and months to surface.
I can stand a loss of $300,- once a month if I want to, so I'm testing with 300,- demo accounts. If you'd take a $300,- mini-demo the minimum lotsize is 0,01. 0,01 is what the creator of gt-shadow advises for an accountsize of $2000,- I think (check the manual if you want to be sure). This is for trading just the AUDNZD. for trading a second currency a balance of 3500,- is advised.
So far I have not seen a $300 demo trading 0,01 lots blow up. From what I have seen the balance grows fast enough to keep track of the dd.
The worst I have seen so far is a $300 demo which blew up after 4 days because I had the lot size intentionally to 0.02. It made nice profits for 3 days and then it blew up.
If you put it (accidently, that's how I found out and why I warned pipcop) on a standard account it will trade 0.1 lots. I have seen accounts tripple in 2 days. Some of them are even still running and turned 10 times the original size in 3 weeks. I have also seen gt-shadows blowing up accounts in a day because of the same error (on my behalf).
I have no way to predict if an account will survive if you set gt-shadow to overtrade redicoulisly. From what I have seen and what I've learned from a facebook group about robominer (very similar to gt-shadow) both gt-shadow and robominer will work excellent in trending markets. If a market is somewhere in the middle of its historic low or high these 2 ea's can blow an account it seems. I am pretty sure that if you let gt-shadow run at the reccomended settings or even a little safer you will make more out of your money then any bank or other investment will do. Something like doubling your money every year. But I have nothing to prove this and I am not an experienced forex trader. I do reccomend trying everything on demo-accounts and to take your own decisions. I'm only telling you what I have seen. Not how to act. | vogelzang,
can you send me a link for the facebook group? I tried searching for it on facebook and I could not find it. |
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