Posts by myfxpt
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MT4 volume is not a good guide at all, as highlighted in your post netkoala. A better source of volume information is the COT report published each Friday.
fpa vs instaforex In General Jan 21 2013 at 21:51
[quote]Jaypipin posted: who is right and what is the outcome of these accusations. fpa changed status to 'scam alert' for russian brokerage InstaForex I have seen some skepticism towards Insta, but most of the activity would have been a non issue had traders known that insta require a position to remain open for more than 300 seconds then only can it be closed or partially closed. Also their fixed spread and alongside a claim to be a MM or provide ECN connection is still an open discussion elsewhere. So i wrote to Instaforex and questioned the alert on fpa about scam broker. Insta forex rep......
[quote]forexpipcatcher posted: [quote]myfxpt posted: I guess forexpipcatcher has never kept a trading log, nor checked the bottom of a MT4 trading statement. Of course, it takes a little longer than 9 days of demo trading to construct a usable trading log, and a little more time to understand the data presented on a MT4 statement, but if you keep studying you'll get there sooner or later.[cool][/quote] A classic comment from an unsuccessful trader. That's why you're here and not out there trading and making a living out of it. Your past results do not reflect your future results. As for data......
I guess forexpipcatcher has never kept a trading log, nor checked the bottom of a MT4 trading statement. Of course, it takes a little longer than 9 days of demo trading to construct a usable trading log, and a little more time to understand the data presented on a MT4 statement, but if you keep studying you'll get there sooner or later.[cool]
This is a common formula, and is explained in the book "Better Trading" by Daryl Guppy. Mike's analogy is not wrong at all. He is simply not prepared to trade more than 50% of the account balance at any one time, and is not prepared to lose more than 1% of account funds on any one losing trade. In "Better Trading" the author proposes no more than 6% of account funds should be committed at any one time, although he is talking about non-leveraged share trading. How relevant this rule is to leveraged trading remains undetermined, and the author acknowledges this. I actually......
I think you are missing the point of using risk % as your starting point. A 2% risk factor applied to a $10,000 account is $200. Divide $200 by the spread between your stop and the entry price to determine lots. Number of lots, and the margin required for each, determines the percentage of the account applied to each trade.
Trading Contests In Experienced Traders Jan 19 2013 at 08:06
That is why competitions should require more than simply the trader with the greatest return. There needs to be balance between the return achieved, and the risk taken in getting there. I agree with Roling Stones above, which worries me especially when these competition winners set up their very own signal services.
[quote]forexpipcatcher posted: [quote]shift69 posted: [quote]supertrader91 posted: Dear pipcatcher, I have that ea...you want me to give it to all of them?? Please don't scam people.[/quote] pls give us the EA[lol], so that the scam is terminated[lol], tnx[/quote] Wow Gary you have more I.D's then brains [/quote] [cool]
[quote]forexpipcatcher posted: [quote]myfxpt posted: Let's see if I have got this correct. You trade 10,000 lots per trade, your track record is unverified, trading privileges are not verified, 62% drawdown, and trading this particular demo account since 11 Jan 2013...6 days![/quote] WOW did you analyse this all by youself or you got someone to help you? Let me see it trades 10k lots if it werent making money would it be trading this much? Did it start with this much or did it earn the right to trade this much? Record unverified... I verified it who else needs it verified? Not like I ask fo......
Let's see if I have got this correct. You trade 10,000 lots per trade, your track record is unverified, trading privileges are not verified, 62% drawdown, and trading this particular demo account since 11 Jan 2013...6 days![/quote] WOW did you analyse this all by youself or you got someone to help you? Let me see it trades 10k lots if it werent making money would it be trading this much? Did it start with this much or did it earn the right to trade this much? Record unverified... I verified it who else needs it verified? Not like I ask for your authority or anyone elses that has so much tra......
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