Rover North Forex System

[bguguen]

PS been in your shoes more than once, what I should do in this situation is to hedge over the position, step away for some time and switch to 4H chart from low time frame, identify point where it can turn, listen to Marc and Pierre and work out an emergency rescue plan. Important to switch to high time frame. If you will start working out hedges on M5 or anything up to 1h included - all you will get is to capture small profits and accumulate floating loss 2-3x faster than profits. Work out from the strongest SR areas, Fib points.

The thing is, i dont use SL but i make sure i run it on smallest lot size at 0.01 so i can literally let EURUSD go down to 0.5 and 4 before my account gets margin called which is almost impossible...

another thing... the reason why i dont hedge yet is because i have no reason to believe a trend change on EURUSD yet... EURUSD has still got to show some sort of support from dropping below the 1.4300 major rising support trend line... as long as the daily candle remains above 1.4300 i will still be bull biased and let my EURUSD long at 1.4512 to keep running... hope this makes sense...

[raa]

Hmm, what is a point of trading with 0.01 lot then if you are targeting 10 pips, i.e. one buck? If you take it as a training - it is a different story. It's your call indeed, but this kind of letting loss run because account cannot be margin called may lead to disastrous habit of doing so when you switch to a bigger lot and you account can be margin called pretty fast.

[starrlink]

Hmm, what is a point of trading with 0.01 lot then if you are targeting 10 pips, i.e. one buck? If you take it as a training - it is a different story. It's your call indeed, but this kind of letting loss run because account cannot be margin called may lead to disastrous habit of doing so when you switch to a bigger lot and you account can be margin called pretty fast.

Raa, you commented on Currensys, can you share your experience with any of there systems?

[raa]

Not sure about Currensys, I was commenting somewhere on Currensee.