I'm currently opening a new account with Pepperstone. I hope to be trading live again next week with the low volatility breakout system that I described in the last few entries.
My overall aim is to become a mechanical trader by simultaneously trading multiple, low-correlated systems. My vision is :
- a smooth equity curve from using low risk money management (<1% per trade) in combination with multiple systems (the systems in drawdown should be more than compensated by systems in profit at any particular time due to low correlation).
- a rapidly rising equity curve from high frequency of trades (multiple systems will provide many trading opportunities every day. High frequency + the effect of compounding = steep equity curve).