Hello David,

I will also be using a modified Anti-Martingale Methodology found on Robert Borowski's article called "Forex Freedom" (http://www.geocities.com/neng_dyah/Forex_Freedom.pdf)

The good thing with this methodology is that after I passed the first step (turning $300 to $400 by trading 1 mini lot per trade), I can "accelerate" my trade by going to Step 2 (trading 2 mini lots as long as your equity if $400 - $599). If I failed during the period where I have to trade 2 mini lots I have to go back to Step 1 (trading 1 mini lot as long as your equity is $300 - $399).

Here is an example:

1.) I started with $300 trading capital. Because I fall in the $300 - $399 equity range
I have to trade 1 mini lot until I reach $400.
2.) A week later my equity turned into $420. Because I fall in the $400 - $599 equity
range I have to trade 2 mini lots until I reach $600.
3.) A week later my equity turned to $380. Because of this I have to go back to Step
1 again until I reach $400.
4.) And so on and so forth....

Another good thing with this is that even though I experience a loss and went to $380 this is actually a profit compared to my starting capital of $300.

My FOREX teacher told me that in real-life an average investor who only relies on Channel Trading can turn the $300 capital to $14,000 in 2-3 years if he just stick to the plan and have great discipline.


I was overwhelmed by the complexity of MetaTrader 4. Is it possible to chart trade on MetaTrader 4 using historical data in a 1-hour period? If so, how?

I still like the user-friendliness of FXCM because you can trade on the chart itself.


Regards,
Jeff