03A - G (by NextLevelForex) Quick Stats
Gain: +74.71%
Drawdown: 19.43%
Pips: 2631.3
Trades: 2080
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Automated

Full Report

User's Page

Message

Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
03A - G Discussion
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) May 19 2011 at 18:48
This account is part of a live, real-money portfolio, traded for the reasons,
and following the guidelines described in <a href='http://NextLevelForex.com'><i><u>NextLevelForex.com</u></i></a> newsletters.

Balance, lot sizes, trading history and other details are available to subscribers.

To get in touch, please <a href='http://NextLevelForex.com'><u>sign up</u></a> and find the contact info in the welcome letter...

Happy trading!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Jazz1964

Member Since Dec 09, 2009  5 posts Jazz1964 Sep 04 2011 at 23:09
Hi Remus,

please let me know via which email address I can reach you best.
Can you tell me more about the EA you are running and give me your aff.link please. Not sure yet if I will buy it yet..
Welcome back to the real world after your holiday :-)

Regards,
Tjalling

it's mainly about managing risk
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Nov 28 2011 at 00:42
I just reduced the trading lot size, in preparation for the vacation I'm going to take soon. The plan is to keep trading through the holidays, to collect data (Pip Expectancy does not depend on lot sizes), and resume trading with regular lots on Jan 15, 2012.

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Nov 29 2011 at 20:11
When I started the NextLevelForex project, I had a very strong reason for picking (semi-)automated trading: I wanted a business that I can put on hold whenever I want, for as long as I want. Now the time came to put that feature to the test, since I’m soon going to take a longer vacation… To my surprise, I had a good amount of hesitation. “Why should I stop trading? that will just mess up my stats”, “there is a high chance the next two weeks are going to be quite profitable, so let’s trade for just a few more days”, and other similar rationalizations were going through my head. Luckily, I was able to recognize them, and today (2011.11.29) at 9:40 PST I pulled the plug!

Here is the status and the plans moving forward, for the systems on my public profile:
  01A - S: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
  02A - A: continue to run with minimum lot size = a lot smaller (10x - 30x) than regular; plan to resume trading on Jan 15
  03A - G: continue to run with minimum lot size = a lot smaller (5x - 20x) than regular; plan to resume trading on Jan 15
  04A - T: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
  16M - M06: not traded, since the trader and I agreed on something that did not happen yet; keep on hold until Jan 15

Happy Holidays!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
fxnewswatch

Member Since May 04, 2011  14 posts fxnewswatch Nov 30 2011 at 10:05
Hi Remus,

I have subscribed to your newsletter, thanks. I am interested in automated trading but am very new to it. I have manually traded FX for five years and wanted more information on 03A-G. Is it your script/EA? You mention mastermind groups etc and I wanted to know more about getting access to your EA plus a group of traders that have knowledge of automated trading. Can you let me know your thoughts?

Thanks

Mark

ForexScam

Member Since Mar 28, 2011  1008 posts ForexScam Jan 24 2012 at 11:47
Whats your plan for 2012?

One Pip At A Time: Pipinvestment
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 25 2012 at 02:46

   ForexScam posted:
   Whats your plan for 2012?


There is nothing to announce publicly yet. I expanded a lot in 2011, in many directions, so the first part of 2012 will probably be a period of contraction, like consolidating accounts, getting rid of some EAs, getting rid of one RE property, and so forth.

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) May 26 2013 at 18:46
Even though I would very much like to keep this account in place, since it has the longest history among all my MT4 accounts, I decided to stop trading it and liquidate the balance. Primary reason: the performance at MB Trading is very much lagging, when comparing it with the results obtained using the same system(s) at other brokers! Plus I just discovered execution issues (see the group of trades opened on a NZDUSD spike, March 21st, at 13:54; there should be only 1 trade opened per pair, at any given time, but there were 6 on that occasion; while that could be attributed to the inability of the EA to handle certain errors, I have to say it’s not the only EA that had this behavior, and that I only encountered it at MB Trading).

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) May 30 2013 at 06:40
Account closed today.

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Please login to comment.
Muharram (5h 58min)
Earnings Outlook: What to expect from Co...(10 min ago)
EURUSD 1.26705 GBPUSD 1.60834
USDJPY 108.043 USDCAD 1.12331
FxPro
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Widgets About FAQ
Forex Market Systems Expert Advisors Features Blog Help
Forex Volatility Most Popular Systems Signal Providers API Twitter Contact Us
Forex Correlation Strategies VPS Services Mobile Facebook Report A Bug!
Forex Broker Spreads Contests EA Programming Translations    
Forex Broker Quotes Forex Charts PAMM Brokers RSS    
Forex Broker Swaps Community Outlook Rebate Programs      
Streaming Forex News   Trading Platforms      
Forex Broker Volume          
COT Data          
Liquidity          
Forex Calculators New          

Download Myfxbook Android App
Site Map  |   Terms & Conditions  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.