Guys quite new to this. Can you please explain following to me.
I played with demo today at 6.30am and went long (at 1.54732 with a SL of 1.54307) as the signal said on FMT and . The order got closed at 8.49 when SL triggered but my total loss in alpari shows -275 where as I am playing with standard lot so 1pip = 10$ , should not it be a loss of 430$ for 43 pips loss .
Help will be much appreciated.
Cheers
I would be interested to know more about this ADRF filter, do you know what it does and why and whether it can be configured where an EA is not in operation?
If any of you are still bravely stumbling thru real trades this month, you can be very thankful for one thing. Mark didn't design Forex Morning Trade as a Martingale system. Whew, what a wipe out that would have become! :*)
now 5 Losses in a row. If I remember 5 is the record for straight losses in a row, If I am wrong by all means please correct me.
It appears you have set up a GBP demo account where one pip=£6.5 approx
12-28-2010
FMT 4.1
Loss
-41 pips
From August 6 to 20, Mark had 9 negative drawdown days in a row.
His all time low was -162 pips on August 17, 2010.
There were no trades on August 9 and 10.
My reading of Mark's trading log which he publised for August doesn't show such a bad number of consecutive losses, as there was at least one win in the middle, and eventually he did have one more win than loss during the month of August to redeem him . . .
Yes you're right, Mark did have a positive month, and there were actually 4 Profits during this drawdown period.
But I did not say "consecutive losses, I said, "negative drawdown."
Right now I have 5 negative drawdown days at -141 pips, if I get a Profit of +35 pips,
I would still have a negative drawdown day at -106 pips.
I would need 5 Profits to get out of this negative drawdown to go positive again.
35 pips * 5 Profits = 175 pips