SharePosts by alfTrader
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I'm sorry but ZuluTrade is TOTALLY UNPROFESSIONAL. They let ANYONE provide signals without any testing or validation. You may as well accept trading advice from anyone on your local street.
Just DO NOT GO THERE!
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In my testing I am placing STRATEGIES into my portfolio and letting them run completely untouched because I am interested in putting my trading on complete AUTOPILOT. I want to spend about 2 hours a week after Friday's market close setting up for the following week and then go saltwater fishing till the next Friday.
I have noticed that some STRATEGIES just make DUMB entries into a trade. I have also noticed some just DO NOT know how to EXIT a trade. Some just wander around for days with pip ranges in the plus/minus ~150 pips both up and down and usually CLOSE the trade on what they think is ......
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[quote]oQpsk posted:
Glad to see nice discussion here. Hope it will go on. I just opened a live mirror trading account on FXCM after 2 months demo. I plan to enable "Trend Friend", "Basis-Point" and "WaveRider" on this live account. I want to try them because they all have just 1 open trade maximum and resonable drawdown Anyone tried these systems? I will report live results here. And, just like catcx mentioned, what is the slippage, does it do requote on mirror-trading? Quite curious on that. I will setup my auto-click on Tradency FXCM demo account and find......
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I'm sure you have heard about that principal (the KISS principal) before about many things. No reflection on you, just a constant reminder for me. When it comes to currency trading it is more important than ever. I am going to briefly cover the following:
Identify the trend
*Forget the indicators
*Use Price Action
*Watch for the strong Pin Bars
*Wait for a pullback
*Place the trade
*Set STOPS and LIMITS
Is that simple enough?
Identify the Trend
Go to the daily chart (one candlestick = 1 day) for the currency pair you want to trade. You will be looking at about 3 months data on the chart. ......
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