Forex Funnel

[Killer-B]

Another excellent morning for FF -

11.11.2009 04:59 11.11.2009 13:01 USDJPY Sell 3.0 -20.0 -668.15
11.11.2009 05:51 11.11.2009 13:01 USDJPY Sell 6.0 0.0 0.00
11.11.2009 06:50 11.11.2009 13:01 USDJPY Sell 12.0 20.0 2672.61

http://www.myfxbook.com/members/Kill...killerbee/5253

[gross77777]

KB,

I just took a look at your stats on myfxbook and it looks like you started on june 3rd with $5,000 and 0.03 of the standard lot.Did I read it correctly ? I though that the maximum lot size should be 0.01 with this starting balance ?
Please clarify

Thank you

[Killer-B]

.03 - vs. - .10 .... 1/3rd the "norm" I played it VERY safe after toasting my other account the Friday before... Make sense?

[gross77777]

Not sure if I follow you.Are you saying that 0.03 is safe for $5,000 balance ?

[beatsme]

im not sure if i got it too...

for a standart account each 5000usd is a 0.01 lots isnt it? for the 5000:1 ratio you said.

[Killer-B]

Not all brokers offer this... You are used to like FXPro locking you in at .10 = 1.11 etc -

This is the way I do it...

LOT = 1.0
Contract size: 100000 USD
Point : 11.13 USD
Margin : 200 USD
Spread : 3 p. (33.39 USD)
Swap buy: -0.163 p. (-1.814 USD)
Swap sell: -0.222 p. (-2.47 USD)

LOT = 0.10
Contract size: 10000 USD
Point : 1.113 USD
Margin : 20 USD
Spread : 3 p. (3.339 USD)
Swap buy: -0.163 p. (-0.181 USD)
Swap sell: -0.222 p. (-0.247 USD)

LOT = 0.03
Contract size: 3000 USD
Point : 0.334 USD
Margin : 6 USD
Spread : 3 p. (1.002 USD)
Swap buy: -0.163 p. (-0.054 USD)
Swap sell: -0.222 p. (-0.074 USD)

[beatsme]

killer... the stat http://www.myfxbook.com/members/Kill...killerbee/5253

is not showing anymore : This system is private.

can you fix it?

thanks pal

[Gr41]

I have Used Forex funnel for about one yr. It has blown my live acccounts twice. Im now
resetting it to a smaller ($250 ) live account and trading 0.01

I added 4 pairs instead of just one. I will list those pairs after a little bit more time has passed. So far its up from $250 on Tuesday to $475 on friday night. I have learned the hard way to not trust big news days at any cost. I turn everything off and close all active trades ( easy to do when trading a smaller acount). The new non hedging version seems to be limting the number of trades per pair and seems to be preventing old and large draw downs.
So far, with 4 different pairs up, my max DD is $101. Most of the time the DD is about $30
I might set up multiple acounts with this small start value. I use forex.com with the UK side so I can hedge if needed for manual trades, but so far, Im happy with the EA on this new version. It closes all older trades at each profit. Leaving no old ones on the table. Has any one out there used more than one pair at a time with this EA? Which ones work best for you and lets share.

[beatsme]

It wanst supposed to run only at USD/JPY?

"The new non hedging version seems to be limting the number of trades per pair and seems to be preventing old and large draw downs."

But still uses martingale system right? So how with limited numbers he can keep winning? if the currency runs like 200pips?

And what news you avoid?

thanks!

[Gr41]

Well as of last week I was running 4 different pairs and grew a $250 account to $501 in 4 days and to continue I would have needed more money, but I didnt have it SOOO, the funnel bot only cleared out the largest negative balance instead of a full margin call . THis was amazing, I only lost about $37 each time I ran out of money to buy instead of all account closing. This account dropped down to 237 so I closed it. Restarted the same pairs with $750 instead of $250 and will moniter for progress or losses. All lots are started at 0.01 with forex.com. Using 5 pairs now. Pairs are us/jp,au/us,us/chf,us/cad, Eur/us. Any one else out there tesing mulitple pairs ?

Garryh at rocketmail dot com