Unfortunately, my trading is a bit haphazard and its not as systematic as I would like it to be. That is the reason I am trading 40 cents per pip and not higher. Simply put I am not in the same league as BOB, AL, Boldtrader, etc.Gertje » Tue Dec 02, 2014 3:28 pm wrote:That's not too much trades, makes sence when one is behind the computer and is able to follow signals.
To be honest when trading many pairs we have to observe the correlations. Obviously you have to be selective in the trades and not trade every single signal. Some traders specialize in certain pairs which in a way makes sense because they tend to learn all its nuances and peculiarities. However, Bob has always tended to trade all the pairs which the broker offers when the signals are in place.
I strongly urge traders who have just come across BOB`s thread to visit forexfactory and read his posts of few years ago (in particular system 4 and 5) when he was publishing his trades in advance and kept running totals. Sometimes there were open trades of 15 pairs or more. Not all of them were profitable. Some of them were deep in negative territory and were closed with losses of 100s of pips.
In a way this is how hedge funds trade! Not all of the trades make a profit, but by spreading the risk and NOT keeping all your eggs in one Basket You cover the losses. In other words Diversification.
Kind regards