SharePosts by TrendySystem
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Here is one idea for you concerning the strategy. Set it up to open two positions in the direction of your signal and close the first position for a scalp, say 10 or 15 pips. Upon the close of the first position move your SL for your second open position to break even. This way you get the benefit of having a good signal each time by rewarding yourself with 10 or 15 pips. This also leaves the second position open for a longer take profit or at the worst case it goes against you and you get stopped out at break even.
Cheers!
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No worries. I will catch up with you down the road when you aren't as busy. ;) best of luck
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[quote]
hkheredia posted:
Is it still possible to slowly recuperate my account to previous levels despite losing half of it's value without injecting more funds? Forex should only involve risk capital and I don't want to risk anything more as of the moment.
I think "pulling the trigger like a cowboy" was a result of my desperation to recuperate losses. I did relearn my lesson that this is a business with systems in place not a gambling spree in vegas.
[/quote]
K, so I have read a little bit on this thread and I feel for you cause I have done the same thing many a time since......
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I have done 1,000% in 1 week twice on demo and I need to do it live... In General Nov 28 2011 at 20:44
Hey guys...1000% in a week? my only question is why? This isn't real trading. Even if you did accomplish this what would you do then?
I wil tell you what you would do. You would take the money you made and continue to trade most of it in the fxmarket. And guess what would happen during the next few weeks. Bomb!
That's the two edged sword of forex. No one who makes really good money at it will ever stop trading. 1000% increase in a week would be like a shot in the arm and you would be that much more ramped up to trade the next week. And unless you were savvy enough to move to a new strategy......
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gotcha..well how long have you been programming EA's for? I may want to chat with you about an EA idea I have whenever you get some time...
Peace,
Shawn
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Hey Rob,
It's cool man...i just assumed you were selling a product or tool, so I was curious as to why it wasn't being actively traded on myfxbook thats all. Sorry for the misunderstanding.
Kind Regards,
Shawn
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Interesting...seems a little too good to be true ;)
Keep up the good work though.
Is this a real or demo, I couldn't find the place where it states what type of an account it is?
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good luck! your condor ea seemed like it was doing a nice job for june and july...are you tweaking that one?
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Does anyone else agree that the drawdown calculations seem flawed on myfxbook? not sure if it is just me but I view a drawdown as the percent of your account that is at risk at any one given time. However, myfxbook calculates your drawdown compiled based upon how much your account has lost culmilative...at least this is how it seems, but when I search for official documentation on how they do drawdown I just haven't found it yet...Any thoughts?
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What's up with all the sales pitches and vouching for stuff but not showing any results with myfxbook analysis tools. Where's the transparency and front testing of what this tool can really do if applied...I don't see it....hmmm
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