i've started this thread in response to the "system vendor performance" thread.
i'll make some live calls here and you can see for yourself how easy it is to make money.
first trade:
order to be placed:
long usd/cad @ 1.0311
stop @ 0.9710
can i ask please - because im intrigued...??
the pivot on that pair is at 1.022, and its stuck against a resistance area around 1.0224, the 40 day MA is pointing DOWN -
and your BUYING at 1.03 with a 600 point stop ...???
how come...???
Its been on an uptrend since the 19/3 and that came to an end on the 24/3 - 375 pips (ish)
Intrigued by this. Will you be posting only the actual trades you make or each signal given? Obviously in reality account size will limit the number of trades you can have at a given time, but in theory with a big enough account you could take them all.
Can we not have pips won - but percentage of original account won as the benchmark.
E.g. dante might be trading to win on average 30pips per trade, and tencorp 300. If dante's trade size is > 10x that of tencorp then he'll actually make more money but tencorp will claim victory via pips.
You should also take account of overnight interest charges if holding long term positions.
for ease i suggest we have a theoretical account balance of £10,000 and rather than calculating lot sizes for each of the different contracts which would be time consuming, why not do this from a spreadbetting perspective (x amount per tick) which is actually the vehicle that the majority of my clients use to access the markets. that way we can position size more efficiently.
Tencorp,
Classic breakout play for size.Stop exactly where it should be for the inital trigger.Unfortunately ,won't make much sense for daytraders and small accounts who are focussing on every little twitch in the market...