i bet 40,000 eur/usd per trade, if it goes against me 5 pts i bet 80,000 more if that goes against me 10pts more i bet 160,000 more etc..... until i get my 5 pip reaction and get out even, try it, it works!
every time i start trading a new system it goes into drawdown. i think because most of the time after paper trading/simulation you start to trade live after a good period of trades, and then comes the bad period with real money on the line(murphys law i guess). but if your method is profitable...
a lot of systems have gone sour in this low-volatile, highly competitive environment, maybe there hasnt been enough volatility to make it worthwhile from 2004 onwards, just look at a 10yr graph of the ATR of any stock to see what i mean.
good analogy, this is excatly how i treat my discretionary trading;
im lying low in the grass like a tiger with bulging eyes watching the herds flow by, then when i see a weak prey within my grasp i POUNCE and grab that thing by the neck and dig my teeth in.
i think trading is just modern...
i see some of my trades are filled on the UBSFX desk and some on IDEALpro?????
last week for the majority of the time the EUR/USD was 1pip wide, now this week its 2pips wide?????
boy, if they reduced all of their major pairs to 1pip constantly through the euro session, i personally know...
if you are not 100% confident and pleased with your system you will not stick to it day in day out, the system must match your personality 100%. this means win/rate, profit factor, trade frequency, trade length, drawdown all must be within your mental and capital tolerance.
to keep busy you...
actually ib spread on eur/usd is normally 1 or 2 pips and cad/usd most of the time is around 10 pips. and 2 pips extra is quite a lot for me, most strats make around 2000pips per year on 250 trades so an extra 2pips is an extra 1000 pips per year or 50% more costs.
sorry if this has already been asked in another post/thread, but why is the spread on the USD/CAD so wide compared to other pairs and other brokers?
thanks.