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Posts by forex_trader_20011
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Gregs Success Signals EXTREME
in
Trading Systems
May 08, 2012 at 14:43
Cool - Thank you Marsie! I will check it out
Gregs Success Signals EXTREME
in
Trading Systems
May 08, 2012 at 13:28
SO it appears that myfxbook bases its growth solely on pips. As we had an overall gain the other day, the only thing that was negative was the pip count. MyfxBook may not be the best place to represent Gregs Signals. Anyone have other ideas as to a place to post result that is more accurate?
Gregs Success Signals EXTREME
in
Trading Systems
May 05, 2012 at 16:36
I don't know why - but MYFXBOOK is showing a -16% gain for this month so far. That makes no sense as I have not had a losing day since I started. Look at the PROFIT -BALANCE - DRAWDOWN tabs on the main chart. They seem to be right. Why would the GROWTH chart drop?
Gregs Success Signals EXTREME
in
Trading Systems
May 05, 2012 at 16:26
I recommend a little math work and check your current leverage and make sure your account can afford to be in order sizes of this nature with a potential 50% drawdown.
Gregs Success Signals EXTREME
in
Trading Systems
May 05, 2012 at 16:09
I have been reading many blogs and MyFxBook accounts where the account have been blown up by this strategy. It is VERY important that the account have the proper balance and dividerate settings for this strategy. Based on emails back and forth with the GSSE team and Greg, here is a chart I have come up with. This shows what the dividerate setting should be for a given account size. All based on my results thus far.It also will show you size of the order this strategy will open IF the first trade goes against you. It is not quite a martingale, but it will open increasingly larger size orders an...
Gregs Success Signals EXTREME
in
Trading Systems
May 04, 2012 at 17:48
Welcome Alpo - Best wishes
Gregs Success Signals EXTREME
in
Trading Systems
May 04, 2012 at 16:53
Thank you Garry,I think that as a pair oscillates, drawdown like that will have to be a consideration as well as a common occurance. And I believe the primary reason why Greg recommends such a high balance before increasing the DivideRate variable.
Gregs Success Signals EXTREME
in
Trading Systems
May 04, 2012 at 15:35
GBP trades finally cleared. Dont really care for how MyFxBook calculates growth. But check the Balance tab to see that we are still going strong. Daily Income Continues!
Gregs Success Signals EXTREME
in
Trading Systems
May 03, 2012 at 00:40
Drawdown back to 18%
Gregs Success Signals EXTREME
in
Trading Systems
Apr 30, 2012 at 11:36
Marsie-I agree with you. There could have been more information offered to allow traders to plan better.
Gregs Success Signals EXTREME
in
Trading Systems
Apr 29, 2012 at 20:50
There is a user setting within the EA that dictates what lotsize you will be trading at. It is called DivideRate and yes there is a graduated lotsize increase involved. Here are Greg's recommendations.for account below $2000, DivideRate should be 0.5for account below $2000-4000 DivideRate should be 1.0for account below $4000-$6000 DivideRate should be 2.0for account below $6000-$10000 DivideRate should be 3.0Hope this helps. With the mass draw-down that I am currently in, I am still only at 41% DD, High...yes. But acceptable in a grid strategy.
Gregs Success Signals EXTREME
in
Trading Systems
Apr 29, 2012 at 18:25
Thank you Marsie for the link. All information has value.I will agree that Greg could have been a little more forthcoming with his money management strategy. However, after requesting more information from him, he was very specific in what account balance and leverage should be.I am using a higher leverage broker so I have a bit more room to maneuver than a smaller leverage account would have. Should the current drawdown recover, all will be well.If not, it is no different than other strategies that have been tried and failed over time since forex began.Thanks again!
Gregs Success Signals EXTREME
in
Trading Systems
Apr 28, 2012 at 23:54
If the current drawdown is handled by the strategy...it is a safe bet for excellent future income.Thank you Garry for the link.😄
Gregs Success Signals EXTREME
in
Trading Systems
Apr 28, 2012 at 17:36
Thanks Garry.One thing I like about this strategy. It offers repeatable, budget-able results. Its still early. Growth is great but income is better. IMHO
Gregs Success Signals EXTREME
in
Trading Systems
Apr 28, 2012 at 17:18
Yes...yes it does.
Gregs Success Signals EXTREME
in
Trading Systems
Apr 27, 2012 at 13:53
37% Actual Drawdown hit today. Glad the account keeps growing to cover. C'mon GBP...DROP! LOL😇
Gregs Success Signals EXTREME
in
Trading Systems
Apr 25, 2012 at 02:37
If you purchase from the link above, let me know so I can thank you and let you know what I have found out so far while trading Gregs Success Signals EXTREME
Gregs Success Signals EXTREME
in
Trading Systems
Apr 20, 2012 at 20:05
Note: The EXTREME in the title refers to the optional Add-on to trade multiple pairs. It is recommended and used by this chart.
Gregs Success Signals EXTREME
in
Trading Systems
Apr 20, 2012 at 19:45
There ya go! The drawdown sure is unnerving - but the balance/leverage should be more than enough to cover.
Gregs Success Signals EXTREME
in
Trading Systems
Apr 18, 2012 at 14:29
Current recommended brokerhttp://www.hotforex.com/?refid=10003Hot Forex offers good leverage and great spreads. Works well with this service.
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