bestforexea's Posts - Page 3

Use of martingale strategy in Experienced Traders Jun 11, 2010 at 12:37

HAHAHA.... just checked my demo account... BUSTED!!hehe

"Strategies" in General Jun 11, 2010 at 12:29

Backtesting is just a way to say that theoretically a strategy will work base on past data. And the forward results will validate this theoretical result. And validation depends on the quality of data. Having 1minute data on a 15m TF strategy is only 15 data input. Thus the 90% model quality. If a newbie wants to learn about backtesting... there are articles on what backtesting is all about. I am not sure... but live results whether demo or live is more interesting than backtesting results. I guess I don't really want to waste time to upload a strategy and does nothing other than to show i...

Contest summary in General Jun 11, 2010 at 12:16

Congratulations is in order sportcity... 😀

World Cup!!! in General Jun 11, 2010 at 12:14

Hey guys/gals....Forex is 24/7 every year, every day, every second... But world cup is every 4 years... So chill... continue trading... but don't forget to enjoy the match!! May England lift the world cup this year.... BUAHAHAHAHAHA..........

Use of martingale strategy in Experienced Traders Jun 11, 2010 at 12:06

Ahh... a subject after my own heart. The idea of blowing an account as most people will say is down to pure money management. Most of them who uses martingale system are either under capitalize or they overtrade. In my opinion 3k is just to low even for a 0.01 micro lot. But that depends on how one trades Mr Marty. http://www.myfxbook.com/my/members/bestforexea/lovely-megan/10132I trade 3 currency pair on a 1k account trading on 1 nano lot with FXOpen. 5% per month is great I believe with a potential risk of losing 250 bucks. which is 25% risk. Takes 4 months to recover. Once it reaches 25% eq...

FXOpen - USD in Trading Systems May 27, 2010 at 12:13

@daCoops sorry... i have never compared so I am not really sure. The developer of Cyborg have moved away from martingale (i believe) furthermore, the settings I found was base on an idea which I applied and found to be interesting. I did not follow the recommended settings or currency pair from the developer. So I seriously can't say for sure how it defers from the original EA.As for Blessing... I applied the same idea. However... the forum thread of Blessing is long and with so many variation by the users I really have no way of comparing.GoMarket has nano account? Did not know that... I ...

Wrestle Mania in Trading Systems May 08, 2010 at 13:31

Erm... not too sure. It was there a few days ago...Should probably ask admin... but it does not matter... butt fu(ked left right and center...Time for some corrective action... 50%!! Hehehe... overtraded. 😳

So the contest has just began... in General May 07, 2010 at 02:04

Well... firstly... the winner needs to run 100 mini lots live before he/she can withdraw the winnings. So I suppose these guys are putting it in practice. 100% risk... why not? Further more no one stand to lose. The objective is to get to the prize. And the prize is a two step hurdle. Qualify into the top 3 and next qualify the 100 mini lot minimum requirement by FXDD. One may do well in the contest (demo) then... it's up to the winner to try and make it to the prize money... How I envy the current leader... 500%!!! 😇Hmmm.... just wondering... if the winner were to win the contest...

Pre-Contest Show off in General Apr 29, 2010 at 01:02

I got my system set up already and ready to go for the contest.. 😀Since myfxbook has not created a list of participants yet. I thought it would be interesting to set up a thread and kind of have a warm up cum show off cum glorify cum intimidate cum everything else that a contestant will do... 😁Just to show off a bit and intimidate my fellow participants... and of course see if my system can work. If not, probably I still have time to tweak it... 7 more days to go people!!! 😂http://www.myfxbook.com/my/members/bestforexea/wrestle-mania/28742 😇

So the contest has just began... in General Apr 29, 2010 at 00:53

Erm... the link you posted lead me to a page that does not exist?Anyway, I hope so... more incentive for me to test out ideas. I guess the size of the prize depends on which broker myfxbook will go with next after fxdd no? Or fxdd has a contract to work with myfxbook for x number of period? Or fxdd has the best prize vs arrangment around?

Cyborg Suicide (History Record) in Trading Systems Apr 28, 2010 at 03:11

Cyborg strategy works on RSI and Stochastic indicator. It's good for ranging but not for trending.... So if RSI is down and Stochastic is overbought it shorts the market and vice versa. Two ranging indicators is just simply dangerous.... But then again... we Malaysian thrive on Danger... hehe

So the contest has just began... in General Apr 28, 2010 at 02:40

FXDD recently announce that they have increase their max leverage to 1:200. I guess FXDD found a way to around NFA rules. If not they would not have allowed hedging and changing their leverage to 1:200. FXDD has lost a lot of customers I believe because of NFA rules and they have worked around these so call 'customer losing' rules. I guess now they are trying to promote it once again with this contest using their work around rules. Nothing to lose but to test out FXDD on this contest. If it sucks then myFXBook will have to JV with another broker to come up with the next contest. I do n...

Money management vs Martingale.... in General Apr 24, 2010 at 04:58

Having experiences both situation... I am still trying to find if there is a balance between money management and martingale strategies. The idea of managing drawdown from martingale with probably hedging vs MM when trades are moving in your favour. Is there such a thing?

FXOpen - USD in Trading Systems Apr 23, 2010 at 03:24

Honest to god... Yes... I am aware of the probability... and Lovely as my Megan can be for now... it can turn ugly when they can throw fit... (no offences if any females are reading this)It is for that reason I am only toying this on a nano account. And I don't believe that I will be or am going to put it on a 10k or even 100k account. It's too expensive. However... I still believe as tbuitendyk rightly put it... It could prove profitable in the right hand. Nope I am not one of them... but I like to think so... :)I am also in tune with Steve. As that was the assumption I go by when I b...

ScalperBigCat-AlpariUK-Demo in Trading Systems Apr 22, 2010 at 06:12

Hmmm... Good way to further substantiate my claim... Since we are analyzing here.... allow me to also add further...http://www.myfxbook.com/members/nbakir/scalperbigcat-alpariuk/16809 (Verified)It's a real account from 8 Feb till 29 March. That account did 213 trades and total 71.4 pips. FB (Forex Bling): 328 trades 363.9 pipsLan (Lancelot): 26 trades 353.8 pipshttp://www.myfxbook.com/members/nbakir/bigcat-client-account/24422 (Verified)Also another real account from 17 March till 22 April. That account did 238 trades and total 77.8 pipsFB: 209 trade 11.1 pipsLan: 25 trade 114.1 pipshttp:/...

ScalperBigCat-AlpariUK-Demo in Trading Systems Apr 22, 2010 at 03:28

So that means... I will not qualify if I do not open an account with AxisODL? I would rather test this live on my Alpari account since the chart in discussion is on Alpari. Furthermore, I believe I have met your conditions or criteria stated on this thread. There was no mention that it should be consistency. This is what you said on page 3"Forexma,, I have posted earlier that anyone who can submit a name of an EA being sold out there that is as stable as mine with low Drawdown would get a free copy of my EA. And My word still Stands.""Yes, absolutely 100% sure, and will thank yo...

FXOpen - USD in Trading Systems Apr 22, 2010 at 03:09

Nope... it is a modified version of Cyborg. But I don't think that guy is selling this EA anymore. And I just included Blessing 5.2 into the equation on one of the currency.Yes... That was the idea. 30 pip grid and retracting 30 pips in order to be safe. I have tested all the currency pair and so far only AUDUSD and EURGBP does seem to have 30 pip retracement after a big dip and the biggest dip is so far only 250 pips over 10 years before retracting 30 pips. I think with Martingale it's not about high ROI... I guess a steady ROI with hopes to manage any severe drawdown because the down...

ScalperBigCat-AlpariUK-Demo in Trading Systems Apr 21, 2010 at 17:45

http://www.myfxbook.com/my/members/bestforexea/bling-me-baby/11929 (Forex Bling)http://www.myfxbook.com/my/members/bestforexea/white-knight/11931 (Lancelot)The question as to why I use micro lots is pure and simple. Money management and risking between 2-5% of my equity. Any trader worth his or her salt knows that you don't risk trade more than 2% of your equity. I am just conservative in my approach. Risking 5% is already considered a dare for me... I believe you are specifically looking at Lancelot. I would also like to draw your attention to Forex Bling. Combining both would yield me 5%...

Which Broker Allow Nano lot ? in Experienced Traders Apr 21, 2010 at 12:26

I have tested out E-Global but it was for scalping purpose....I am using FXOpen for one of my Martingale strategy... http://www.myfxbook.com/my/members/bestforexea/lovely-megan/10132They offer micro account and trade at 0.1 that makes it a nano lot.Can't say much for E-Global but so far so good for me with FXOpen 😄

ScalperBigCat-AlpariUK-Demo in Trading Systems Apr 21, 2010 at 07:28

So?? So??Did I like qualify for a free copy and a big thank you?

EURUSD	1.08043	GBPUSD	1.25663	AUDUSD	0.66224
USDJPY	155.903	USDCAD	1.36678	USDCHF	0.90579

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