by Joe T » Thu Jul 02, 2009 11:48 pm
Orders Closed this afternoon/evening:
0.2 usdmxn long @ 13.1484; tp @ 13.2500; +1261 pips / +$153.36 / $0.00 swap
0.2 nzdusd long @ 0.6350; stopped @ 0.6272 ; -78 pips / -$156.00 / +$0.39 swap
Current realized balance: $7,025.93
New Order:
SELL LIMIT 0.2 nzdusd @0.6500; tp = 0.6300; ts = 77
New trailing stops calculated. By convention, all orders automatically get these trailing stops when calculated. (Orders are originally set with a stop loss at the level of the trailing stop when originally placed, but the EA that trails the stops will be in place to trail at current levels)
audcad = 66
audjpy = 94
audnzd = 81
audusd = 86
cadjpy = 87
chfjpy = 72
euraud = 118
eurcad = 89
eurchf = 45
eurgbp = 55
eurjpy = 108
eurusd = 98
gbpchf = 121
gbpjpy = 149
gbpusd = 130
nzdusd = 77
usdcad = 94
usdchf = 81
usdjpy = 64
usdmxn = 1,266
xagusd = 35
xauusd = 939
As always, position sizes are adjusted to account for the level of trailing stop, along with the value of a pip in relation to the deposit currency (USD), based on a 3% of realized account value per trade at the time of calculation (usually done once a week or so). in the demo account above, size is truncated to tenth of a lot. On my live account, it's rounded to the hundredth of a lot. My live account started off at about $2000 when I started this. I am trading the same as I am showing here live, except positions are smaller and I take occasional profits to preserve equity while I grow my account balance. I limit these interventions, but do take them at times to bank profits. In two weeks, the account has grown to over $2800 so far with the same money management and trading scheme as above. After a prolonged demo test, I will study whether or not there seems to be an optimum take-profit value in relation to the trailing stop. But I will let it go as is for a few months before assessing.
Still a long way to go to prove the consistency of this.