Advice needed please. Starting up.

[tonycashflow]

I want to start an account with $500. I know it is not a lot but it is all I can start with.

I know that I should set lots to 0.0 and LotsRiskReductor to 1 or 2. But what about the rest of the settings. What settings should I start with? I saw the thread of eagle's settings which I intend to follow when he is back.

Also, I want to know when I could expect my account to grow to the amount of $1300 if I start with $500 at the beginning of January.

Thanks. :)

[mystikdragon7]

I want to start an account with $500. I know it is not a lot but it is all I can start with.

I know that I should set lots to 0.0 and LotsRiskReductor to 1 or 2. But what about the rest of the settings. What settings should I start with? I saw the thread of eagle's settings which I intend to follow when he is back.

Also, I want to know when I could expect my account to grow to the amount of $1300 if I start with $500 at the beginning of January.

Thanks. :)

These are my settings and I always have demoed with a starting balance of $500 or less to see what I can do with such a small balance and I have good solid results with them.

LS-0.0
LLR-5
MT-5
ML-50
ST-1 (or up to 15, I'm back testing with different settings right now)
AAA-20
BBB-8
TP-20
MA-34 (or 21 - 50 depending on the market)
and the rest is default settings. Try back testing these settings to see how they work for you.

As far as how fast your account can grow depends very much on how much of a risk taker you are (I.E. your settings) ande how the market is acting. It is possible to make it to $1300 in one day but that is putting a lot of risk on your account. If you play it safe you could possibly get it there in a week or two.