SharePosts by Splexin
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Ah well at least you learn from mistakes right? You've never made it this far before.
Yeah impatience is a killer, especially when you watch the charts all the time. I pulled the trigger about 10 minutes too soon on the trade before last and missed out on a good 20 pips.
Last week I blew 25% of my account by a pure stupid mistake in sizing, BUT I am happy to report I have recovered all but 7% of that loss and right now am in a positive position.
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Wow......$25 to $800 already.....what's the farthest you've made it before? Have you ever considered taking $25 out, say when you reach $XXX so you could use it again if you fail? Then you would almost have infinite tries and wouldn't be losing your own $25 every time.
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[quote]psymon posted:
hi splexin, i dont know how to verify the track record or trading privlages? they were both ticked last week?
4 down 6 to go...
[/quote]
They changed the way to verify, see http://blog.myfxbook.com/
Excellent trade #4....wow up to $400!
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Hey great so far! Even $25 to $200 that quick is good in my book.
Any reason Track Record etc is not verified??
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Don't plan on staying in this discussion, just pointing some things out--
[quote]ForexScam posted:
I don't believe Oanda is linked to MyFxBook any longer. Am I wrong Oanda User?
[/quote]
Yes, that's incorrect. Oanda is still linked to MyFxBook. In fact, one of the reasons for the recent update was that Oanda replaces the comment field in all orders, so verifying trading privileges here was previously impossible. I am thankful for the update [smiley]
[quote]ForexScam posted:
But when users use a credit card withdraw or deposit - there is a fee with most transactions.
[/quote]
Oanda now a......
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[quote]bwizard posted:
oanda
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I've used Oanda since I started trading. Great spreads for the most part. I made a buku on their price options, which is only on the FXTrade platform. But no hedging allowed and leverage is restricted to 50:1 [slim]
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[quote]speki posted:
I swear to God I've recently read about a "former bank trader" who shared his manual system here. Too lazy to start sievin thru the posts. You could've saved us all some time Sean if you tell the whole story. Why did that other chap call you Sean anyway? I don't see "Sean" anywhere in your profile or here in the thread.
[/quote]
I actually hesitated in saying "former bank trader" because all the systems seem to come from "former bank traders," when we ALL know that's a bunch of baloney. I got the system by word of mouth offline......
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[quote]speki posted:
Aight, peepingtom. I can't help you with the code, but lemme ask - how did you get that supposed monthly 10-15% profit figure? Where's the system from anyways?
[/quote]
I got the figure from someone who has actually traded the system live. The system came from a former bank trader, and as far as I know you can't find it online anywhere (?).
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[quote]speki posted:
Aren't we talking about this EA?
http://forum.mql4.com/40327/page2
Sorry I'm off to have an excellent Friday night now, don't have time to read all 3 pages there, but it seems it's exactly your system and they sorted it out.
laters
[/quote]
Yes, that's right. I already said it had been coded and tested unprofitable. [lol]
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[quote]speki posted:
Anyway, what position sizing do you recommend?
[/quote]
[lol]
Well, the position sizing should be set according to your own money management rules. But a good risk/reward rule for this system is to only trade ten times your account balance (balance, not equity).
So if you have a $10,000 account then you would trade 1 lot on every trade, $20,000 then 2 lots, etc. For experimentation and testing purposes it's good to start out with 0.10 position sizes just to get an idea of how it works.
It is designed to be used on the EUR/USD, GBP/USD, USD/JPY, and AUD/USD, in that ord......
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