After The Webinars
My first post in Crescendo’s blog is for all the people that partecipated to last two days webinars. Thanks for being so “patient” to listen to me for 2 hours each time.
And even more to those leaving comments and sending emails about them.
THANKs! THANKs! THANKs!
Even if I’m quite tired those days (you can’t imagine what does it mean to prepare a launch like that) reading all your questions and comments makes me feel incredibly “up”.
This blog will be one of the many ways I want to find to keep you and me in touch and help you in taking the best out of Crescendo and out of automatic trading in general.
Soon I’ll start a Twitter channel as well and (maybe) a Facebook account as well. Not sure about Facebook as sincerely I’m not a great fan of it.
So feel free to comment my posts, email me and I’ll try to do my best to reply to you personally.
With the new 50;1 leverage taking effect on Oct 18 how will that affect trading? – Your live account with Alpari UK had a 500:1 leverage. In the US that will be reduced to 50:1. So for example with a $10,000 account, trading .10 lots at the time, .10 lots will take $316 in margin with 50:1 leverage. If a maximum of 6 positions are opened on 2 currency pairs, that equals to $3,792 in margin (316X12). That’s almost 38% taken in margin. You mentioned on the call that your account went through a 20% drawdown on open positions. With almost 38% taken by the margin, will the account be able to sustain a severe DD of 20, 30 or 40%??
Surely the new leverage rules will ask for more margin. But the maximum temporary draw down is set to that the remaining margin will be more then enough even after the new Oct rules. Remember that we shouldn’t go below 30%
How do I know if the EA is placing trades in the right direction I downloaded the new version and it seem like now its opening trade in the wrong direction it lost 17.71 on the gpbjpy last nite short and is down 25.00curently as I write this post seems like it risking a lot of money for a couple of dollars profit.
Hi Joseph,
that’s how the strategy works. Most of the time it closes trades quite soon with a relative temporary draw down. Sometimes it may need more time and more draw down. But day by day, trade by trade it builds equity and you’ll risk less every time.
Also note that nobody knows where’s the “right” direction