forexnightwalker (By swordfish)
The user has deleted this system.
forexnightwalker Discussion
May 24, 2011 at 12:27
837 Views
3 Replies
Aug 27, 2011 at 15:39
This was a great week for us. Still on track for a 30% month. Profitable and low drawdowns for 6 months now.
Make sure you check out www.forexnightwalker.com for more information.
Make sure you check out www.forexnightwalker.com for more information.
Do, or Do not. There is no Try - Yoda
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Sep 02, 2011 at 16:53
Quite aggressive Grid Martingale on GBPUSD. It's not a bad choice considering the range from one bad economy to another.
You mention low drawdown, but your accounts are at 75% equity. Is there a set limit on the Draw down before trades are closed out, or do you use hedging once DD is at a certain point?
Like you, I can see a continuation of this strategy working well for the long haul. I'm just looking for some advice regarding your approach towards risk while using a grid/martingale.
Also you have several systems labeled different names, but all in all its the same strategy with different grid setting and risk parameters am I correct?
And thanks for sharing the open positions on this account - https://www.myfxbook.com/members/swordfish/rhody-ii/147594
There's a large gap after the order with a 1.24 lot ( about 60 pip grid ) while 5 other positions are in a very tight grid (about 20 pips) is this by design from a drawdown factor? or manual invention?
Thanks. Looking forward to your response.
You mention low drawdown, but your accounts are at 75% equity. Is there a set limit on the Draw down before trades are closed out, or do you use hedging once DD is at a certain point?
Like you, I can see a continuation of this strategy working well for the long haul. I'm just looking for some advice regarding your approach towards risk while using a grid/martingale.
Also you have several systems labeled different names, but all in all its the same strategy with different grid setting and risk parameters am I correct?
And thanks for sharing the open positions on this account - https://www.myfxbook.com/members/swordfish/rhody-ii/147594
There's a large gap after the order with a 1.24 lot ( about 60 pip grid ) while 5 other positions are in a very tight grid (about 20 pips) is this by design from a drawdown factor? or manual invention?
Thanks. Looking forward to your response.
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Sep 05, 2011 at 07:39
ForexScam posted:
Is there a set limit on the Draw down before trades are closed out, or do you use hedging once DD is at a certain point?
https://www.myfxbook.com/members/swordfish/restless-knight/136720 : 37% equity. 😳
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