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Im an investor. How to find a consistent traders?

nickz
May 27 2015 at 03:26
16 posts
sizhouren posted:
Guys what do you think?


You can't stick to a single strategy all your life. A trading strategy must adapt/change according to the market or volatility of the symbol, not all strategies perform the same on all symbols. ex: If you're a scalper you're definitely a loser if your style is 1:1

Do your best then blame luck.
R & R (ralphriyashi)
May 27 2015 at 10:06
10 posts
your best would be 1.1 specially if your account is with FXCM

FxMasterGuru
zippanx
May 27 2015 at 10:06
9 posts
if you are sure 70% with RR 1:1 then why not you go for it?
RR 1:3 is one method to cover a low winning rate so it still profit in the end
every one have a different approach

sizhouren
May 27 2015 at 10:35
59 posts
The reason on why i am not going for the 1 to 1 return is because i have actually manually tested the systems and found out that it's more profitable with 1:3 risk reward system managed with price action retracement and hedging. What i found out is that most of the time, some trades that could have took profit at 1:1 might possibly run into risk reward of 1:2 or even greater. When the trades gets to 1:1 risk reward, i will manage it with price action which means i could closed it with little profit or slight loss instead of full SL.

sizhouren
May 27 2015 at 10:36
59 posts
But when the trades do run, with a trade risk of 3 percent and 2 trades a day. It means that i can get 18 percent on one day which i have before several times.

sizhouren
May 27 2015 at 15:49
59 posts
What do you think mate? I have gained more than 40 percent last month. This month, i am currently at 12 percent drawdown due to a mistake i made last week with my consolidation lines. I missed out on 2 potential 18 percent gains.

sizhouren
May 28 2015 at 07:01
59 posts
Guys do you believe that there are traders who makes 100 percent every month or every 2 weeks use a 95 percent win rate. He has a huge pamm. I have heard this from a friend. I never believed in such holy method before.

Saeid (XLx32)
May 28 2015 at 11:48
33 posts
one of our best performance system so far

first day 164% gain draw down 5%

Attachments:


awrfx
May 28 2015 at 11:48
61 posts
alexforex007 posted:
Account statments on hand is what you need to see, thats what really talks, nothing else matters.


that's great comment alex 😎

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