[cogs]

peteronmaui, vogelezang,

Thanks for your replies.

I am using RM as per instructions by the creators of the system

I too are using it just as the designers created it. If it doesn't make $200/week trading 24hrs 5 1/2 days I don't want to use it, but that is what it makes for me and I will close any trades I feel are not looking to be profitable. I trade CFDs full time and have done for many years now so I am cumfortable with leverage. I will be slowing its productivity soon but starting out I wanted to test it and had virtually nothing to loose ($250).

I started with $ 1,050 on December 15 on a micro account trading 0.03 lots of both pairs. My Equity is up about $ 300, but my drawdown with positions open as far as December 18 is about $ 420

That is very poor mate, and I am not sure why you have stuck to using it. So your net profit is -$120 after 2 months? You cant be serious?

You were lucky, because the audnzd is kind of stuck in a trading range rright now.

No luck mate, I can make that trading manually sometimes in minutes with CFDs, but i wanted an automated process so I can concentrate on spot gold and oil, and do my day job.

If you are trading this in a relatively safe way as intended by the creators, you might double your money in 8 to 10 months, not in one week.

Peter once again, you cannot be serious! $250 in 8-10 months, why would you even bother using it?

because the audnzd is kind of stuck in a trading range rright now

Yes and for the in experienced you can loose quite a bit of money when the market goes sideways unless you are very close to the trading floor. I enjoy swing trading, trend trading, spike reversals, trend trading and many other technical techniques. I want to master trading in turbulant and sideways markets as this is the most difficult when the market trends again the pressure will come off. As the saying goes "everyone is an expert in a trending market" it is just so easy compared to current.

vogelsang,

Risk of a crash within 3 weeks is about 33% in my experiance.

Well if it happens I have learnt how not to use the system. At the moment i can see how it MAY crash as it does have trouble predicting the turn around point in the market so a particular stop will need to be put in place. Generally I don't placed automated stops as they can be targeted, I place manual stops which with RM should only for one market direction change at a time just like manual trading.

Sorry guys if I sound a little smart about this, but it needs to produce and so far it has. All I have done with the AUDNZD is install it, there are very few settings you can change when compared to GT-Shadow, faptrader etc, and those are the results I have to date.

I also use GT-Shadow on AUDUSD and USDJPY and they will be rewarding also but it appears that shadow trading is the way to go.

I also use FAPTrader version 36 and are now looking into version 44. The reason for this is diversification, not having all my eggs on one basket.

If you constantly made profit over a series of months you would learn very little, if you make mistakes you will learn and hopefully make changes to prevent this in the future. Too many make the mistake of throwing a heap of money at these things thinking it will secure their future, all they have done is oxpose more of their hard earnt readys to a risky venture. The idea of trading is to produce return, hence your account should grow. If you have to keep feeding money to it, or make large deposits to make it work forget about it. The intention is to produce higher return than your superannuation.

I will keep you posted on if I crash but I doubt it will crash any time soon my account is so diversified now with different robots and currencies, as long as the base line grows that is my intention along with learning (like life) along the way.

There is a saying: "If you can provide profitable return 51% of the time continuiously you are successful" It is harder than it sounds. The phsycology of traders is to talk about the winnings not the losses. If you added up profits and losses over 10, 20, 30+ years and the sum return was >51% you be amongst the big names of trading.