Monday, January 18, 2016

Myfxbook account

Just putting it out there. Feel free to follow my trading results! 

Trading rules:
Timeframe: Daily
Pairs: USD Majors
Method: Technical Discretion
Position size: 1%-3%
Drawdown killswitch: 50%

I intend to keep my positions between 1% and 3% of my equity, which is pretty aggressive. If I hit 50% drawdown, then I'm killing the account and halting trading. Last year's drawdown was 10.55% after 112 trades. Hitting 50% drawdown is unlikely, especially since I tend to use 1:1 R:R ratios. 

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