Quote:
Originally Posted by ahamed
ok but wat do i do actually drawdown is really much may lead to a margin call,is there a way out?
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If you want to use Don's "strategy" there are only a couple of ways I can think of to avoid a margin call.
You could reduce risk by taking very small trades. The downside of course is reduced profits, to the point that the returns arent really worth bothering with.
Alternatively you could consider some sort of hedge strategy, but it seams to me, if you cant manage one trade correctly, adding in the additional complexity of an hedge probably isnt a good idea.
Electric Savant probably came closest to suggesting a sensible way of managing drawdown with this EA through diversification across a basket of currencies, his posts at TSD in the steintz thread are worth reading.
Unfortunately the simplest way out is not to get involved with poorly designed systems in the first place. A day's worth of watching these indicators on a 1 minute chart should tell anyone they need to know about the weaknesses in this "system". I hate to say it, but anyone who cant design something better than this after a couple of weeks demo trading really isnt cut out for this game.
regards
zu
