Posts by James_Bond
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First place [smiley]
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Is this some kind of grid/martingle strategy?
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Are you trading without stoplosses?
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Great job, 1st so far! [smiley]
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[quote]
Nora81 posted:
Hi All,
I'm new to forex 6 month exp only, does any one recommend a signal providers or EA to work on it.
Thanks
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I would start here http://www.myfxbook.com/systems
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JK, you're correct - there is definitely a conflict of interest, as with such a model, a signal provider nor the signal service have any interest to have only profitable providers. As far as I'm aware, most of the signal services are in that list (zulutrade, rent a signal, collective) except Currensee (I didn't try them therefor cannot recommend them).
A revue model of such a service must be a high watermark success fee - not a fixed monthly fee and not a rebate fee.
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You would expect for strict regulations and rules for engaging in such activity, however the sad thing is that there is zero regulation nor requirements;
You can be a real trader looking to manage OPM, while on the other hand you can be a 16 year old kid trading a demo successfully for a month and advertising yourself as a manager on a signaling service such as zulutrade.
No wonder investors still keep losing their money even if subscribing to a "successful" signal provider as it is always a matter of time before a margin call happens - always do your due diligence before investing ......
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How would you know if it's in fact slippage or the user simply closed the trade before the sl/tp was triggered? If you don't know that, then it would be a very misleading metric.
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[quote]
walker36 posted:
BTW those grid levels are not fixed PIP level. those are calculated and selected fractals according to the strenght and condition. so levels can be 20 PIP or 100 PIP depending on the fractals.
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Hmmm..Interesting. Are the fractals limited in some way? If a fractal goes beyond a logical distance (ie 1000 pips), do you still accept it as a level? This sounds like a fancy way to get the same fat tail [smiley]
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[quote]
Chikot posted:
demo is up, getting ready for live trading. most probably next week. I am trying to adjust by trading Japan few hours and then 3 hours after Londfon open. have not traded London open yet as the room is occupied by guests...
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Looking forward to it! [smiley]
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