Autofx pearls of wisdom!

[MickMason]

Originally posted by autofx

Hello to all you hard-working forex traders! (sic)

My wins average 84 pips my losses average 40 pips.

My limits are pretty close to 10 times as large as my stops.

... this gem....

Originally posted by autofx

"It is also vital that a stopout not represent more than 2% of your
account. So a 45-pip stop when you are trading with a lot size of 20
(leveraging $20K with $200 in a mini account) would require an account
of $9K to be prudent."

Is erroneous dear readers. (sic)

It should say

"It is also vital that a stopout not represent more than 2% of your
account. So a 45-pip stop when you are trading with a lot size of 20
(leveraging $20K with $200 in a mini account) would require an account
of $2250 to be prudent."


Now I might be wrong but I always thought basic mathematical skills were a prerequisite to profitable trading something this spammer does not seem to possess! he's trying to sell this stuff? Get serious!

Mick

[MickMason]

.... this piece of mathematical genius....

Originally posted by autofx

I trade with lot sizes that represent 2% of my account.
Stops represent less than 1% of the account. Leverage is 100:1.
Risk:reward potential on a single trade is roughly 1:10 due to stops of 48 pips limits of 450 pips. I don't rely on limits
to take my profits; I peel of a fifth of my position on each
partial close signal or I let trailing stops close the whole position.