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Member's StrategiesDISCLAIMER: the below strategies have been submitted to us by members of PowerTradeLive.com. These strategies should not be taken as trading advice, nor are they the opinion or recommendation of PowerTradeLive.com its affiliates or parent company. It is the responsibility of the user to thoroughly test any strategies before using live funds and to only use risk capital in any trading account.
Some notes about the below strategy:
- For each $10,000 being traded, use .2 lots (2 mini lots / 10K lot size) and $50 cash-grabs.
- If you are starting with $1,000 then you would use .02 lots (2 micro lots / 1k lot size) and $5 cash grabs.
- Open an additional account with the broker and move the profits from your primary trading account into this second "holding" account daily or at least weekly.
- Choose the highest leverage option that the broker will allow. We prefer 400:1 This is currently available from www.GallantFX.com
- Things to be aware of are economic announcements that could create excessive movement. We have also noticed that a large move in the Dow while NY is trading may cause a ripple effect in the Euro when London opens. It is best not to trade during these times. Some of the members stop trading on Fridays just after a Cash Grab in order to avoid the large gaps that are common with the open of the market on Sundays.
- The screen shot of the trading station on this page was started with $10,000 on Sunday the 25 of January 2009 and by Friday of the same week had made $4,281.21
for a Balance and Equity of $14,281.21
. The draw down was less than 3% during this time.
- Power Trader is loaded on the top row of charts and Trend Trader is loaded on the bottom row. Each pair is traded according to a specific percentage of its Average Daily Range or ADR. The ADR indicator can be found in the Navigator window of your trading station. It is located in the Custom Indicators folder.
- If you change the amount of lots per trade then remember to change your "Cash to Grab" in an equal and balanced percentage.
- Click Here to see a detailed report for this account.
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6-Pair Strategy
| Power Trader | EUR/CAD | 13.2% of ADR
| 19% of ADR
| NA
| .2 |
| Power Trader | EUR/AUD | 6% of ADR | 9% of ADR | NA | .2 |
| Power Trader | AUD/CAD | 20% of ADR | 30% of ADR | NA | .2 | | | | | | | | | Trend Trader | EUR/CAD | 26% of ADR | 16.6% of ADR | 40% of ADR
| .2 | | Trend Trader | EUR/AUD | 13% of ADR | 8% of ADR | 28% of ADR
| .2 | | Trend Trader | AUD/CAD | 40% of ADR | 25% of ADR | 60% of ADR
| .2 |
Cash Grabber: $50 per .2 lots traded, per pair on no less than 10K account.
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Click this screen shot for an example of what this strategy looks like after being set up: |
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