Today:

voice - "LOOK LOOK floge, you finished the week with 32 Dukascopy points!!"
- don't speak loudly, please, i'm so happy (did you see my monthly stats? they're pretty cool), but i'm dead, such a hard work :-O


Previously (at the beginning of the week):

voice - "you're doing this in the wrong way, look the bad results, you have no rules. You should not expect win trader contest, at least for now, you're a newbie! you must use this opportunity for learning how to trade forex properly".
- you're right, thats why i'm experiencing forex market in the contest platform (all positions must have TP and SL orders assigned, SL and TP orders can be modified only in the direction of the trade, etc) and not in a regular demo account. let's concentrate and try to do this correctly!

- "ok. if you follow the good rules, and stay in the green with average pips gain on positive positions >= 20 pips, you may win Dukascopy points. you should for now concentrate in win these points, it's a sign that you are doing well, with risk control. the rest will follow".
- true :-)

- "1th of all, don´t trade the noise, try to make trades with a minimum objective larger than 60 pip-points (the more - the better)".
- yea!

- "2th just choose setups that allow you to work with tight stop loss, use sl less than 40 pip-points (the less - the better)".
- this is very difficult given that i must trade larger timeframes to fulfill the previous condition. so, with tight SL more trades will close in the red. but, ok, i will try to choose the prices with the highest possible accuracy.

- "3th you should try to keep a win/loss racio >= 50%".
- are you kidding? with the above conditions this is almost impossible for me. ok, for now i'll try to keep it >= 40%

- "4th you must control your next potential DD, don't open new positions without seeing what happens to your equity if the price hit the SL and control the positions size and all factors that will influence this. try to keep a maximum % equity drawdown less than10%"
- ok, i'm just making a spread sheet for controlling that.

- "5th make all of this with condicional orders"
- oh boy..
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