Ok, I may be using terms from my days in the equity trading industry. But I have a question that probably entails calculating %'s of pips against me, & was wondering if anyone had done this before. I met a guy whose premise was that, if you had a large enough account, and went in with a small enough position, using maybe 3% of your 400:1 buying power, then you could ride out most scenarios. Now, before you tell me it ain't so, I know a few things to be fact... 1. Most programs don't work over the long haul, they will eventually run into a market condition that they hadn't experienced prior. 2. Most traders do not make money, or if they do, the 7 or 8 good trades are eventually blown up by the 1 losing trade, & you're back to square one, broke, or negative. But, 3. I worked with this guy for nearly a year. Watched him trade the USD/NZD exclusively. He would go in small. Play it for a couple of pips, with no stop, (actually put it 200 pips away as part of his OCO order). If it ever got within 50 pips of hitting his stop, he would simply move it another 100 or so pips. After every major swing against him, he would average pretty hard, pretty aggresively, would lower his limit order to 2 or 3 pips profit from his new average. Guess what, it worked. Not most of the time, but all of the time. Now, what he had was a $30,000 account that from summer of 2005 to winter 2005, had become $400,000. Saw him take out $200,000. Brought account to over 1 mill. Took out $400,000 profit. Then, ONE time, he was sweatin, as he got caught in a EUR trade. Went to bank, had $ wired in, held position til, you guessed it, he came out with a 1 or 2 pip profit. (By this time, the averaging was so hard, 1 pip was more than enough $.) So...I've been demoing the USD/AUD in similar fashion. The only difference, starting w/ $1500, looking to start w/ base 10 account, buying less than 1 contract each time out. I would ride out a profit of more than 3 pips when I could, putting a stop in place once I'm positive, & trying to average when it went against me, but only when it goes REALLY against me. I am certain I want to try this method out w/ a live account. So.... ...how can I calculate, (without asking my forex broker & telling them how to trade against me), at how much of a loss would I be sold out of a position. Again, starting by simply buying 1 contract, or 1/10 of a contract in a base ten acct. Then watching it, putting a stop 200 away, ready to average another 2 or 3 when 100 against me, feeling that if I can ride out the position...I could have enought profits before the USD/AUD makes a 600 pip move against me without any pullbacks. By the time that trade does come, I would like to think I've pulled out more than the initial $1500 or so. Thanks for help, & if there's anyone who would like to work out how to make this a reality for more than the guy I trained w/ any advice would be appreciated.