My Live auto trade setup

After lots of research, I'm currently trading live with following services since 15/05/2007 with very satisfactory results.. Although it's too early to make a judgement on profitability , can someone please adive me on the money management side of it.

ATR Channel GBP/USD 0.1
ATR Chanel USD/CHF 0.1
EspritFx Eur/Jpy 0.2
EspritFx GBP/USD 0.2
Quants - MP40 GBP/JPY 0.1
Ubertrading Eur/Jpy 0.1
Ubertrading Gbp/Jpy 0.1
Ubertrading Gbp/Usd 0.1

Strating Capital $10000 (15/05/2007)
Accu. profits as at 25/05/2007 ( 10days) = + $1543.90

 

Hi auslanco,

thanks for reporting .. .what's your portfolio leverage ?

 

100:1

 

That seems VERY high to me, unless you follow very tight stops.

 

Thanks for the reply guys,

In the last 40 days what I have noticed was maximum of 6 (happened only once) active signal providers (average 3) were open at any given time. I have given only MAXIMUM 5% of margin of my account balance to be traded per signal provider. In this scenario the maximum total margin I use is 30%.

According to my little knowledge in forex, due to different lot allocations, use of different trading methods , and different currency pair diversification etc etc , 30% maximum used margin is acceptable in forex trading.

Please let me know your idea!!! Thanks heaps.

 

100:1 is extremely high ... some will call it suicide ... suggest to bring it down to max 20:1 (you have to look at the frequency the different signals trade as well) ...

good luck.

 

20:1 with the same lot sizes??

 

portfolio leverage is dependent of lot sizes .. so decreasing lot sizes and removing signals will reduce the leverage ...

many people will find 20:1 still quite high - it all depends what levels of risk you are prepared to take ...

you did +15% in 10 days (with 100:1) ... expect the same (and much more) in the opposite direction (with the same leverage) ...

 

Thanks very much for your feedback fx245.

I will continue to trade my original portfolio and give an update every week on the performance on this thread. I'm also going to open another $10000 portfolio on 20:1 with less signals and do a test run for the next 3 months.

My personel Idea is if I cant get a return of atleast 10% per month, I dont see a point in trading forex. I might as well invest in much more conventional low risk investment streams such as stocks or managed funds.