Second live account traded for past month. Opening FMEA live account.

1. Accounts started in September and October will both share DCA and Hard SL entries. Within this, Hard SL trades are not restricted from add-in positions of less than, greater than, or equal size depending on the context. The third account will be strictly FMEA with each position treated as a DCA provided availible margin. A strong emphasis is to provide capital and risk structure to profit from as many likely outcomes as possible. No one trade or account is limited in how this will be acomplished and the above framework merely stands to distribute risk across each account as evenly as possible to total availible capital.

2. Full Market Exposure Approach (FMEA) is terminology for a third market approach, allowing for open positions on all major and minor forex pairs simultaneously. Intent is to maximize exposure to volatility anddiversifying risk in choosing specific pairs within trends (GU vs. NU opposed to all XU pairs). In order to survive market movements, risk per entry pair pair is 1%. DCA is contextually used to better develop inidividual positions. No PT or SL will be used to allow trades to fluctuate with the market.
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3. Mental approach is extremely straight forward. If a pair is more likely to move up or down, enter with 1% risk in that direction. Should sentiment change, close the open position and enter a reverse position. Pairs that are relatively unclear are hedged to allow for scaling in and out of each direction. To effectively diversify each position and pairs against each other, maintain positions on all pairs at all times.

4. FMEA has been tested for the past 1-2 months and will phase into a live account this month. Testing account did not evenly weight positions across pairs which skewed profit / loss as well as timing of account flips. So far,the account is likely to flip or blow wtihin 1-month. Accurate position sizing of 1% will help evenly distribute risk. However, with increased risk and shortened time frames, the initial account will be loaded with less than the current $4,000 account balances. To be decided.

3. To evenly distribute risk across currency pairs, lot sizes are standardized relative to a current high benchmark. FOREX.COM compiles a table of all major and minor pairs regarding historical volatility over the past month. NZD/JPY is highest at 16.2% setting the benchmark. NZD/CHF is listed at 4.20% suggesting a position size of 0.04 on NZD/CHF will expereince similar volatility as 0.01 lots on NZD/JPY. DCA positions use standardized sizing. Lot sizing updated in "mad.log.v4.live" linked as "View Results Spreadsheet" at the top of this page.

Quote of the Month: “In tennis, perfection is impossible. In the 1,526 singles matches I played in my career, I won almost 80% of those matches. Now, I have a question for all of you. What percentage of the points do you think I won in those matches? Only 54%." - Roger Federer