Posts by t1fx
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Manual Trading and Automated which One Do You Think Is More Profitable? In Experienced Traders May 07 2011 at 10:10
Mix...definately mix..
I used both to make my monthly target, however i do feel that manual trading is more profitable. However, the automated trades are also helping to pull in some consistent small profits and trading volume..
Anyway, most automated trading are based on manual trading concept and theory too, we can use both, the p/l matter most, it doesnt reallly important whether it's manual or auto right ?
Let's use both, we get both advantage from the both world.
cheers
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big swing today for oil, i just close a LONG position and called it a day today.
how long have you been trading OIL ? I'm fairly new to OIL, only start trading OIL this year.
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wow, that's cruel to EA...
EA is just an automation .... It's not a machine with a brain, it's here to help us automate some of the manual work. It make no sense why not to use an ea to do a trade if the condition of the trigger are fixed and same. As for some trigger that requires human analysis, then put the EA aside, and use them to send entry ALERT only. I leave some of my EA running automated, and only alert me if my equity drops -5% (threshold), then i would take over manually.
I am an EA programmer and i have used and tested many EA since 2009 as well. I would agree most of the shelf ......
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<a href="http://www.myfxbook.com/members/t1fx/t1fx-usd-3000/101815"><img border="0" src="http://www.myfxbook.com/widgets/101815/medium.jpg"/></a>
<a href="http://www.myfxbook.com/members/t1fx/t1fx-aggressive/96792"><img border="0" src="http://www.myfxbook.com/widgets/96792/medium.jpg"/></a>
<a href="http://www.myfxbook.com/members/MultipairHedging/multipair-hedging-ea-long-term/100961"><img border="0" src="http://www.myfxbook.com/widgets/100961/medium.jpg"......
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When this comes to me, usually I would be asking what is the risk appetite.
If you are risking your account at 10% equity, i would say a gain of 2%-5% per trading month is very ideal.
If you are risking your account at 50% equity, i would say a gain of 20-30% per trading month is very ideal.
For investment type of account, I would normally apply a compounding concept to it.
+5%-10% per month is usually my target for exposing 10-15% of my equity to risk.
A consistent +5% a month yields more than +500% in 3 years. That beats most of the other available investment engine in the market !!!!
......
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Possibility your investor felt that it's a breach of privacy and they have no confident of how the third party publishing site may handle his personal information.
You can select to hide their personal particulars on the public viewable page, but in actual fact, the entire statement with their full details is uploaded for processing the data.
Your client may felt unsecure, some of my client has that request too.
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I think size could be vary according to the trigger.
I personally use 1% - 5% per order depending on the trigger, 1% - 3% for scalping, 1%-2% for swing , 3%- 5% for scalping trend breakout.
Unless the trade are using exactly the same condition for trade trigger and same risk:reward, else I think it would be much better to varies our lot size depending on the risk:reward condition for optimum profitablity.
Usually I am not concerned about how my statement records looks like, I just focus on the risk exposed and the profitability. The marketing is a dynamic market, it may not be feasible to u......
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Perhaps you can try to treat martingale as a global technique - means you close out and stop trading once it hits your desire percentage of gain for the month.
You may try the followings for your martingale adventure:
1. Set a monthly % target. Once hit, stop all and have a break. Come back next trading month. Don't fall prey to GREED. Be happy with the gain, and come back for more next month.
2. Initial martingale lot size only increase every 200% gain. If you use 0.01 with $1000.00, only use 0.02 when your deposit increased to $3000.00. This way u can protect your margin and run martinga......
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HAHA ..yeah last short position closed now. be back next week after NFP... wont be taking trades for this week.
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anyway, profit is good... keep up the spirit..
any link myfxbook to the 80k winning trades .. pls post it up for us watch and learn.
congrats.
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