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Old 2010-02-24, 10:06 AM   #357 (permalink)
pipdetector
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Trader for 1 - 2 years
Location: Poland
Posts: 466
My Trading Journal


Trading Live with:
Pipstrider and Megadroid
Default Time of trial

Hi Rick,

It's tough time for GT/RM users. My GT-Shadow expert on FXCM is set to 0,07 lot now (I increased the position size as the price is approaching the upper bound). As I did it fairly recently, the drawdown is acceptable. On the other hand I started to play Forex Prospector strategy (this is another EA that was produced by GT/RM authors) on my FXDD account, which assumes gradual incrasing the position sizes when the price goes away from the range center. At this moment, I have "lost" a couple of pretty large trades as the price relentlessly goes north. The beauty of the Prospector strategy is that as soon as the price starts going south the losses should be reclaimed.

As to your current situation, if you survive the AUD/NZD high, I suggest that you manually reposition the TPs so that you "reap" the drawdown.

The only thing that we need however is that the southern range holds...
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