Quote:
Originally Posted by pipdetector  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...  |
It is indeed a time of trial. I am paying for over-leveraging Robominer. Even though I have closed the charts with Robominer on them, the open trade DD is still there. I am planning to re-calculate the TP on all the trades but it's going to be tedious. I wish there was an EA which could take all the open trades by magic number and re-set the TP of each one.
As I write this AUDNZD is at 1.2890 (with today's high at 1.2912
) and the all time high that I get from my Alpari UK demo account is 1.2966 on Jul 24 2008 but the history starts on Mar 28 2006 so there might be a previous high. I don't have Robo running at all so I cannot tell you the current range number but it must be in the sixties (range max is 66 I believe).
Rick