if below than $3k in mini what will be happen ?? bernand
I have tested it on smaller accounts. As long as you do not have 10 currencies running there should be no problem. It will run on a live account with as little as 250 dollars if we only trade a few currencies.
Been working away all day and night here.
I cannot thank everyone involved in this project, for the information, and PM's I have received here.
As each currency has it's own unique characteristics, it would be impossible, I would imagine, to have one EA, that could actually trade every currency, without some specified setting related to each one.
Using the information that has been currently supplied to me, I have programmed a separate
Excalibur V3 for each different currency. Not all yet, but several Major ones, and after back testing them, darn I hate doing that, but the difference is very exciting, as I have seen it.
I will upload the newest versions early next week.
Please continue to upload your results, even if there are disastrous. I need all the information I can get my hands on, to attempt to make
Excalibur V3 as reliable as possible.
Many members have requested the availability to change the lot size. As such I have opened the code a bit to allow this, and the money management settings as well. Be careful with these settings.
We are not trying to trade 5 full lots at a time here, and blow away accounts. A demo account should be traded as if it were actually our own money.
A trader needs to feel the emotion that comes with wins and losses, and master them. Emotion kills more accounts than the actual trade itself.
Trading consistently with smaller lots allows more room for error and as such more room for profit. Making 10 cents a pip compared to 10 dollars a pip might seem frustrating to the inexperienced trader, however making pips is what we are here for.
As an account grows, a trader then has the opportunity to increase the lot size, and of course the risk.
Personally, I do not care how long a trade is open especially if it is giving me positive return on the “swap” and once it recovers, they always do, I gain this interest as well.
No matter what there are always losses, we cannot expect wins all the time. As long as we can keep above the 70 % win ratio we come out ahead in the long run, and yes this business is for those that are in it for the long run.
Patience will pay out here so once again I thank all those that are participating in this project.
Keep up the great work and thanks to everyone here.
I have almost completed the e-mail alert option as well.
Bernard
