Trade Like a Dealer: (And Avoid Death by a Thousand Stops)

[jmf0482]

Jasper
can you tell us more about this system you are using. can you share it with this forum? thank you.

[jasperforex]

The systems try to work out points were the trend has overshot and basically the entry points are at those times. I sent you a pm with an email where you can get more info as its not on ebay right now for some reason.

[bhale]

Is the system for sale? Is there a web site? Is it a signal service?

[guppy]

I would like to know more about the system as well?

guppy

[Mark66]

jasper;
From where did you buy that system?

[fxwiz]

Here is a simple spreadsheet the demonstrates the power and danger of scaling using 2 tyoes of approaches - increaasing unit size by 100 in one case and constantly doubling it in the other.

I chose to use 100 unit sizes with pip value of 1 penny. The trader starts buying EUR/USD at 1.2500 and continues to do so until 1.2000 with 1.1950 hard stop.

Note that under the scenarios the break even point difference is only 100 pips but the loss potential in the doubling scenario is 1300% greater.

I'll be at Traders Expo today at the FXCM booth if anyone wants to drop by.

[TheSundanceKid]

Originally Posted by Mark66

jasper;
From where did you buy that system?

Where else?...He got it from eBay! While you're shopping for the super duper magic forex system, why don't you check out this cool Mystery Box!

Good Trading,

Sundance

[ironwill]

Jasperfox, could you email me the info too please? You could reach me at scottiep_7@yahoo.com.

Thanks.