Rules for Cash & Carry (Retail Traders):
1) Start out with any amount of capital.
2) After funding, ask for a Sub-account, name it cash, so now you have two
accounts.
3) Split your initial funds into those two accounts The idea is to have 6 times
the amount to trade with in a cash buffer type of account, AKA the
"Gambling Meter". For Example, if you have 7k to trade with, put 1k in
trading and the remainder in cash. To transfer between accounts
just use the transfer choice in the platform. Your cash earns between
2.3% - 2.8% APR, assuming you have a USD account. Set the Leverage at
50:1 and restart your puter'.
4) Open up three Charts, AUD/JPY, GBP/CHF and EUR/HUF
and save your settings. (tools/save current settings)
It's been easy so far, now lets continue:
5) Now, this part, might trouble you. You must "scale in" 1k units per
$100.00 in AUD/JPY in your trading account over a few days or longer
if you want to begin correctly. It will make your "carry" easier to manage over
the months to come. There is not a clear rule for this and it is discretionary.
You can also just get in fast to begin your interest earning account at max from
day one. Simply Enter in 1k units per $100.00 in AUD/JPY in your trading account at
a time and try to get one PIP improvment on each entry. Split up the opening
trades with your trading dollars in each pair. Use this spreadsheet
for your base proportions and scale in, beginning with AUD/JPY. Start
by entering in with 1k units of AUD/JPY and the spreadsheet
will tell you what to enter in with on the other pairs.
6) After step #5 is complete, transfer some cash over to your primary
trading account, to cover the possibility of the "Average Down" limit
orders that are going to be placed in the next step. Use the
"Suggested Transfer" column in the spreadsheet daily.
7) Use the spreadsheet here, and enter in a limit order with the next Average
Down entry at the increment indicated with the Base Proportion & Increment
Finder. You can exercise discretion here if you wish, and glance at your
charts and at will enter in your orders. Try not to space your orders too close together.
Almost done, just some finishing touches:
8) Look under the trade tab and sort the P/L in descending order, by clicking
the header, and if you notice a profitable group of trade(s) that can cancel a
loss at the bottom of the list â¦Trade it, but wait to be net profitable with
that exchange, preferably at a higher rate than the 25% APR. You can also take
profits only by using the Positions tab and with two clicks to close out a position
that is profitable.
9) If you do #8 above, then you must re-enter some trades immediately to get
back up to the 25% APR earnings capacity. Reference to the Base Proportion
and Increment Finder in this spreadsheet.
10) As your balances grow and your unrealized changes, transfer on a daily
basis the monies accumulating, to reach the 6:1 ratio discussed. As time
progesses you will find opportunities to compound the daily injections of
interest into your primary trading account after you FIRST meet your 6:1
requirement. Distribute those excess amounts into average down trades.
11) Lastly, you can draw horizontal lines on your three charts to give you
a visual where your average trade price is compared to the current price.
You can find your average trade price under the positions tab in the platform.
rev 07/11/05
1) Start out with any amount of capital.
2) After funding, ask for a Sub-account, name it cash, so now you have two
accounts.
3) Split your initial funds into those two accounts The idea is to have 6 times
the amount to trade with in a cash buffer type of account, AKA the
"Gambling Meter". For Example, if you have 7k to trade with, put 1k in
trading and the remainder in cash. To transfer between accounts
just use the transfer choice in the platform. Your cash earns between
2.3% - 2.8% APR, assuming you have a USD account. Set the Leverage at
50:1 and restart your puter'.
4) Open up three Charts, AUD/JPY, GBP/CHF and EUR/HUF
and save your settings. (tools/save current settings)
It's been easy so far, now lets continue:
5) Now, this part, might trouble you. You must "scale in" 1k units per
$100.00 in AUD/JPY in your trading account over a few days or longer
if you want to begin correctly. It will make your "carry" easier to manage over
the months to come. There is not a clear rule for this and it is discretionary.
You can also just get in fast to begin your interest earning account at max from
day one. Simply Enter in 1k units per $100.00 in AUD/JPY in your trading account at
a time and try to get one PIP improvment on each entry. Split up the opening
trades with your trading dollars in each pair. Use this spreadsheet
for your base proportions and scale in, beginning with AUD/JPY. Start
by entering in with 1k units of AUD/JPY and the spreadsheet
will tell you what to enter in with on the other pairs.
6) After step #5 is complete, transfer some cash over to your primary
trading account, to cover the possibility of the "Average Down" limit
orders that are going to be placed in the next step. Use the
"Suggested Transfer" column in the spreadsheet daily.
7) Use the spreadsheet here, and enter in a limit order with the next Average
Down entry at the increment indicated with the Base Proportion & Increment
Finder. You can exercise discretion here if you wish, and glance at your
charts and at will enter in your orders. Try not to space your orders too close together.
Almost done, just some finishing touches:
8) Look under the trade tab and sort the P/L in descending order, by clicking
the header, and if you notice a profitable group of trade(s) that can cancel a
loss at the bottom of the list â¦Trade it, but wait to be net profitable with
that exchange, preferably at a higher rate than the 25% APR. You can also take
profits only by using the Positions tab and with two clicks to close out a position
that is profitable.
9) If you do #8 above, then you must re-enter some trades immediately to get
back up to the 25% APR earnings capacity. Reference to the Base Proportion
and Increment Finder in this spreadsheet.
10) As your balances grow and your unrealized changes, transfer on a daily
basis the monies accumulating, to reach the 6:1 ratio discussed. As time
progesses you will find opportunities to compound the daily injections of
interest into your primary trading account after you FIRST meet your 6:1
requirement. Distribute those excess amounts into average down trades.
11) Lastly, you can draw horizontal lines on your three charts to give you
a visual where your average trade price is compared to the current price.
You can find your average trade price under the positions tab in the platform.
rev 07/11/05
it is primitive, because I do not sit down and learn HTML and Java (I learn it in pieces from