The latter I observe in the LJ-trader get-together is a constant debunking of myths, pebbles in each other's garden, especially for intuitive traders. I decided to conduct a small test experiment on a forex kitchen account. All this cannot be called a trading system., I'll just outline the basic principles. Traded instruments – currency and about 40 contracts for American shares. Only about fifty tools for good diversification. Position size – the ability to simultaneously hold 10-15 open deals. Averaging allowed – single, one instrument at a time. Stop Losses – missing. Closing unprofitable positions – total loss exceeds 30% from the deposit, or reaching the point of no return for an individual instrument. Trade entry – extreme values RSI on sentries (even better than 4 o'clock) charts. We do not enter against strong impulses, the price should “settle down”. Profit taking – take corrective movement (from 30 to 150 points, depending on the volatility of the instrument), we do not incubate trends, set take-profits near local supports or resistances. In fact, counter-trend system, designed for “plucking” a lot of small pieces. In September, if the account survives, it will be possible to draw preliminary conclusions. I will publish the results on Fridays. So far everything looks like this:
