pintubesar1 replies to: Hybrid Grid-Automated

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{quote} Well that was one hell ride this week, and not in a good way.

I am trading countertrend martingale x 3 and under the new ESMA rules many accounts would have been wiped out.

0,01 lot under the new rules need about $40 to $80 margin so lets average to $50

0,01 $50 + 0,03 $150 + 0,09 $450 + 0,27 $1350 results in $2000 needed margin on one pair (balance ex. floating losses).

Why ?
Because like Stochs or Hybrid the distance between consecutive trades is set in time and PIPS !
But PIPS on a 1:33 leverage, a higher required margin per lot and a higher stop out do not allow the current EA’s to work on the same way they did.
They have to be re-designed and re-worked.

These rules will blow more accounts rather than protect retail traders.

I can calculate the movement of stars, but not the madness of men. Isaac N.

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