Wednesday, 31 October 2007
Safe Settings
Q. Can you please specify what settings you would use on a 4 hour chart trading GBP/JPY, GBP/CHF, AUD/JPY, USD/JPY. I need to know safe settings with reasonable returns.
A. I run it on my live account with default settings, but if you want to lower risk there are several things you can do.
1) Use a larger gridmesh (i.e. 100)
2) Use the smallest lot size you can on your account
3) Lower the maxpositions property
4) Pick your pairs carefully
5) Work out the largest possible drawdown you want to be able to deal with and make a plan
I will add a video on safe settings in the blog here as well in the next day or so, with more detail.
A. I run it on my live account with default settings, but if you want to lower risk there are several things you can do.
1) Use a larger gridmesh (i.e. 100)
2) Use the smallest lot size you can on your account
3) Lower the maxpositions property
4) Pick your pairs carefully
5) Work out the largest possible drawdown you want to be able to deal with and make a plan
I will add a video on safe settings in the blog here as well in the next day or so, with more detail.
Labels: carry trade, CarryGrid EA, forex, Safe Settings
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