Great day to you,
I've started this journal alongside a trade explorer to test a straight mechanical method for 2013. Based on Renko charting and will concentrate on EU just for the sake of this test. I do not actually understand where this can go. I've selected Renko charts, since it will permit me to follow very strict rules concerning entrance and exit.
I will deposit $800 in a really large leverage ( 888:1) and with all the additional 50% incentive will consequently start with $1200.00. The additional $400.00 from the account is free cash for the sake of trading - therefore that I will measure return on the real $800.00.
Annually is a really long time. . .but I am going to attempt to let this endure for 2013.
I've just made provision for 4 successive deficits. Should I strike 5 - the game is finished. I'd have liked to build in a provision for 5 successive losses - but the capital requirement will be too high with this test on a live account and I am not willing to risk this right now. I did not want to do demo, since it differs concerning spread, slippage and fills and won't give me exactly what I want.
I think this to be slightly different to some martingale type exercise. The risks are described. The benefits are defined.
The benefit? Don't understand - could be 10% - could be 20 percent - could be 30 percent - could possibly be zero.
Margin may be called.
You're welcome to pop in from time to time. Welcome to comment. Welcome to provide input. Welcome to take it/me apart.
Deposit will be made in the new year and that I will then begin.
All success
Regards