Margin Call On Stork pro

[stoneageman]

I got a margin call on my live account of $2000 I was trading with a setting of 0.03 perlot size and ten pip take profit using the hedgiing strategy.



George

[Support]

I got a margin call on my live account of $2000 I was trading with a setting of 0.03 perlot size and ten pip take profit using the hedgiing strategy.



George

 
We are sorry to hear about the margin call, but it appears you were not running our recommended settings. It appears your lot size was appropriate but you added a Take Profit to each trade. According to the Manuel the only settings you should change are the lot size and the Equity Profit Target to accommodate your account size. By putting a Take Profit on each trade it makes it so the positions are not held open till the Sum profit of all open trades reaches profit. By having the TP your account was closing all profitable trades prematurely and holding open the losing trades. Also, were you using the recommended Equity Stop Loss? It is supposed to be between 12 to 30% of your account balance. That way even if you had all settings set up correctly and there was a bad market move against you, you would have only lost the 12 to 30% instead of getting a margin call. You can see from our performance page running the Stork Pro w Hedge settings that, the strategy has performed well if set up according to our instructions.
 
Sincerely
Steve

[stoneageman]

Dear Renegade FX,
Thanks for you help Steve, I started running the EA over a week now with the settings which you gave me and It works well now. Over the past week my new live account has grown. I like the settings at the moment and I think as my account grows I will increase the lot size but leave the take profit at the same settings. I can't wait for the next week to see what it brings. From what I have seen with the new settings given by Steve the EA even if it draws down recovers and does not have any losses. I would be extremely hesitant to manually close out a trade with the settings given as they work. I saw a draw down and the EA worked to bring that position back to zero, closed it out and entered another trade which then became profitable. It was an expensive lesson for me to learn but I don't regret purchasing the EA as it is making money even in a market which is not moving as quickly due to the recession. I would like to thank Steve and I look forward to recovering my losses from my broker.

Stoneageman