How to choose the best risk? Check it on Forex Diamond EA's official website

August 14, 2014

Chosing a proper risk is very important for successfully trading Forex. The chosen risk determines your account's profit and loss. Many traders experience difficulties in choosing a risk. All these stuff is explained on the official website of Forex Diamond EA.

 

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Comments (2)

marcello lo sauro February 16 2015, 4:44 PM

I read again my post, and I saw that I made a mistake on writing, the min. stop loss on USDJPY is 120 and not 310, the remainder is ok.
Greetings Marcello

marcello lo sauro February 14 2015, 11:00 AM

Hi, I made some tests and now I am using in real account. What Did I do? I changed some settings from default:
EURUSD: max 6 open trades and max 2 for each system, Min. stop loss at 120, closeonlyonprofit true, moneymanagement true, recovery mode true, reverse profit 15, use trend filter true, trend period 105 and trend strenght 55.
GPBUSD: max 6 open trades and max 3 for each system, Min. stop loss at 310, closeonlyonprofit true, money management true, recovery mode true, use trend filter true, trend period 105 and trend strenght 0.
USDJPY: max 6 open trades and max 3 for each system, Min. stop loss at 310, closeonlyonprofit true, money management true, recovery mode true, use trend filter true, trend period 105 and trend strenght 55.
With these settings, I have less trades but I got best result and more gain.
I'll appreciate a your opinion.
Regards Marcello

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Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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