SharePosts by paulng
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You look at my account size. I can only afford $10.
But you see, I just did a quick calculation. If you double my money every month as you claim, in 24 months, the $10 will be more than $80 million! So can you accept my $10? I'll gladly share 40% of the profits with you.
Dude, I was only joking earlier. You want to seek investors with a grand total of 9 trades? Your track record is not verified, and neither is your trading privilege. You say strict management with no more than 30% drawdown? Let me teach you how to look at myfxbook statistics. You click on your own trading account, instead of......
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Hey Raiden, wanna meet? I'm trying to arrange another get-together with 2 other traders, say end-april? I'll message your mobile.
Btw, my robot went short on that same day, that's why I responded to this thread. Locked in risk free then got kicked out at +1 pip. Then the robot went long and got kicked out at +19 pips. Sad volatility. If Ben really went short at his blue zone, he'd be tossed around by the market.
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^ ^
if I every become a ultra high networth, I'll throw in that 100k just to try my luck with you. in the meantime, wish me luck in my journey to profitable trading :)
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sounds like your plan is all set, but I'm curious, if today is a good day to sell Euro why don't you just open a short position? by the time the price reaches your blue sell zone, you'll already be having 30-40 pips profit to easily lock-in some profits or be risk-free in the worst case scenario.
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sorry dude,
Too risky. Your TP is about 1-5 pips, and your SL is 200 pips. That's a time bomb waiting to explode. In fact, you are holding onto a very large position at risk of blowing up your whole account. You Long at 1.3221 on 4th April at a size that is several times your median size, and refused to take the loss near -200 pips. Around that time, you had so little margin available your trading size reduced to 1/100 the size of that single bad trade, then when the market came near your entry price, you did not close the position when it was about -10 pips. I guess the reason why you refuse......
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Hi Steve,
First of all, congrats on your consecutive winners. The pictures are rather "intense", and got me confused. Your vertical arrows measure the zig-zag high-low distances?
You doing a Fib fan + retracement combo? Or some quant method based on the various real-time measurements on screen? It's always refreshing to see proprietary EA in action. [grin]
Yeah, Eur looking for direction. I'm guessing a retest near 1.34, fast and furious price action if I'm right.
Cheers,
Paul
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Hi Sebastian,
Thanks for the suggestion. Visually on that picture looking from left to right, it's about 6 wins to 4 losses, at reward/risk slightly greater than 1. Any suggestions from other readers?
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Ezekiel,
I've not replied to any of your posts, but I feel I need to reply to this one, as some of your concepts may bring harm to readers. I suggest you have more discussions with your mentor in the area of technical analysis. Even with the benefit of hindsight, I find your explanation very hard to accept. I'm not trying to discredit your effort, but I want readers to have a clearer understanding of this topic, and start to reason in their minds why price moves the way it does.
http://www.myfxbook.com/files/paulng/Technical_Analysis.jpg
Everything is about probability and possibility. I'l......
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http://www.myfxbook.com/files/paulng/Volatile_Range.jpg
Hi everyone,
I'm trying to code a strategy that can be effective in the situation shown in the picture attached. For discussion purpose, let's call it a "volatile range". The picture is on a 1-hr chart. At a longer time frame, it will look like a normal range. At a smaller time frame, it will look like a nice trend. Please don't tell me to zoom into a smaller time frame and code a trend strategy, or go to a longer time frame and code a range strategy. I'm trying to solve the situation as illustrated, because it can happe......
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[quote]
zeidoon posted:
I think human mind is more powerful than EA. An expert trader knows when to enter the market, when to sell, and when to buy. What do you think ??
amantrader
[/quote]
In a sense, humans are far better than the EAs available today. But we do get tired, emotional, distracted, and we need time with family and friends, and to sleep. So the robot becomes a very good assistant in our daily activities. It does not argue or play office politics, will not resign, cannot steal our business or customers, and it maintains 100% discipline and risk management.
Risk managemen......
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