rv73

Joined Nov 15, 2010

Posts: 13

Connections: 0

Experience: 3-5 years

Location: Australia

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Recent Posts

FxPapa Expert Advisor

Thanks, one more Q please.- If I want to run super duper safe risk settings, say 1% does that somehow give the trades less 'breathing room' compared to say 10% risk ? Or is the risk setting merely decide what starting lot size it begins with ?

45673

Feb 06, 2012 at 11:22

FxPapa Expert Advisor

FxPapa, I notice the instructions are to place the EA on a single H1 EURUSD chart.I also just noticed it took a GBPUSD trade, so it is in fact a trade copier. Correct ?Can you tell us what pairs it trades ? Any more than just EURUSD and GBPUSD ?

45673

Feb 06, 2012 at 11:15

FxPapa Expert Advisor

FxPapa, can you explain the lot sizes that get opened in regards to the Risk % setting and equity ?eg. I have $10K. Risk is set to 1%.Is the first lot 0.1 ? Because you only have 3 positions at a time is the start lot less ?And when all 3 positions move against you and you are negative $100 (1% ...

45673

Feb 06, 2012 at 00:27

Tom'sEa WPFX LIVE

Hi Guys,I am still evaluating this EA, but keep in mind this is a mere 600 pip movement taking place.I urge you all to zoom out to the Daily chart on EURUSD, and see that a 600 pip movement in one direction is normal and takes place fairly often.True safety is looking back to 2008 and in between ...

78082

Feb 01, 2012 at 22:56

Tom'sEa WPFX LIVE

Unfortunately not. 50K at 0.05 is still 1% risk. The RISK setting even on lowest at 1% forces the lot size to suit your equity.What I want is to go lower than 1% risk, which I cannot do at the moment If I pay $100 big ones a month, I want to be able to set 0.5% risk, 0.1% even. If I want to sta...

78082

Jan 28, 2012 at 01:25

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.15933	GBPUSD	1.35001
USDJPY	158.707	USDCAD	1.38894