Settings for a $1000 starting balance

[Big Toe]

I have read and backtested several of the suggested settings on this forum. Some have produced incredible results, however these settings have been optimized for the time period tested and not for multiple time periods. I have been working on settings that would be more practical for a $1000 starting balance.
The goal is to be able to make decent profits without getting your account blown out. I think you need to be more conservative. Therefore after doing numerous backtests, I have come to realize that when starting out with a $1000 account it is important to have a stop loss.
I am still refining my settings but the one I like so far is:

Lots=0
LRR=3
MO=1
ML=3
aaa=20
bbb=8
TP=400 (account I'm using has 5 places right of the decimal
SL=5500 if yours has 4 use 40 and 550)
TS=0
UseMA=1
Period MA=100
PriceMA6=0
TypeMA3=0
SpanGator=.5
Slip=3
OrderMagic=231313
Safety gap= .2

See if these settings work for you

[Earl]

I have read and backtested several of the suggested settings on this forum. Some have produced incredible results, however these settings have been optimized for the time period tested and not for multiple time periods. I have been working on settings that would be more practical for a $1000 starting balance.
The goal is to be able to make decent profits without getting your account blown out. I think you need to be more conservative. Therefore after doing numerous backtests, I have come to realize that when starting out with a $1000 account it is important to have a stop loss.
I am still refining my settings but the one I like so far is:

Lots=0
LRR=3
MO=1
ML=3
aaa=20
bbb=8
TP=400 (account I'm using has 5 places right of the decimal
SL=5500 if yours has 4 use 40 and 550)
TS=0
UseMA=1
Period MA=100
PriceMA6=0
TypeMA3=0
SpanGator=.5
Slip=3
OrderMagic=231313
Safety gap= .2

See if these settings work for youpost us what the back test showed for the whole year with the stop loss and then post what it showed without....

what did you change ??? I see a huge stop loss of 550...why put at stop loss you might not hit....isn't it just like running without one?>???

tp 40?? why?? is it better???

The rest of the settings are forum standard....

show me the magic!!!

[mystikdragon7]

Why is your TP as high as it is?

[alan]

lol...cause he's more greedy than thou :p

[mystikdragon7]

lol...cause he's more greedy than thou :p

LOL I guess so!!:D

[^eagle^]

adjust your moving average to 21 and your take profit to 10.

Back test that and see what you get!

[Big Toe]

Period MA=21
TP=10
Time period=2007-01-02 to 2008-11-07
result=blow out after 57 trades

same settings with time period=2006-01-02 to 2008-11-7
blow out after 129 trades

[Big Toe]

post us what the back test showed for the whole year with the stop loss and then post what it showed without....

what did you change ??? I see a huge stop loss of 550...why put at stop loss you might not hit....isn't it just like running without one?>???

tp 40?? why?? is it better???

The rest of the settings are forum standard....

show me the magic!!!

Time period=2006-01-02 to 2008-11-7
with my settings net profit = $5265
With no stop loss blow out after 9 trades

Time period=2007-01-02 to 2008-11-07
with my settings net profit = $6968
with no stop loss net profit = $7993

As far as the TP
for the time period=2007-01 to 2008-11-07
with take profit = 10
winning percentage is 96% on 546 trades

with TP=40
winning percentage is 93.25 on 237 trades with a much higher net profit

I suppose there is a tipping point when it comes to the right TP right now I like 40 but am open to other ideas