Forum: System: Seleukos Intraday Currency System
In response to post by Franklin Jonasz of 6/26/06 (14:44)
It seems extraordinary that you double your equity in one month. What is the leverage chosen for 100 000$ net worth?
Leverage.... No options anymore as they literally blew 2 accounts up(or lost all my profit) despite being correct on index movement.
Options are too risky and therefore I do not implement them anymore.
Only 10 future contracts on each mini instrument. 4 total or 40 contracts total at one time depending on the strength of signal generated.
10 rut contracts overnight carry cost 35k
10 YM contracts cost 24k
10 ES contracts around 34k
10 NQ contracts roughly 32k
so you can see I am leveraged rather high but never ever full margin used. There is no compounding...so..if account was at $200,000 cash...I would only use original formula and be leveraged around 120-130k...
its important to stay constant. to build equity ,reduce leverage and have no more then 15% drawdowns ....
It is not unusual for this system to double its value in one month..especially its first month as clearly can be seen from previous systems. Its 5-6 months later that remains the problem and I am continually backtesting and configuring system to not let this happen again. (not using options help)
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