I want only a safe 4% each month... Which EA?? Thank you
Member Since Apr 24, 2014
212 posts
Oct 01, 2014 at 07:07
I am glad I stopped checking this thread..some posts would have given me cancer. Two day performance and you asking people to view your accounts. still not sure though which is worse...a demo warrior or a two day party trader.😁
Get rich or just die
Member Since May 04, 2012
1608 posts
Oct 01, 2014 at 07:12
makeitrain posted:
I am glad I stopped checking this thread..some posts would have given me cancer. Two day performance and you asking people to view your accounts. still not sure though which is worse...a demo warrior or a two day party trader.😁
@makeitrain
Apparently you have not stopped checking it 'VIP'... 😄
Exactly. What to tell about a strategy with 2 days history and already in DD...?? Well, I am 'SPEECHLESS'...
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Member Since Apr 24, 2014
212 posts
Oct 01, 2014 at 07:15
Well I missed about a gazillion pages worth of comments just dropped by.
Get rich or just die
Member Since May 04, 2012
1608 posts
Oct 01, 2014 at 11:57
@makeitrain
I have been always wondering about your 'philosophy': 'Get rich or just die'.
If everybody would follow it, then who would serve you Pina Colada on your yacht and who would clean your Bently...?
I have been always wondering about your 'philosophy': 'Get rich or just die'.
If everybody would follow it, then who would serve you Pina Colada on your yacht and who would clean your Bently...?
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Member Since Apr 24, 2014
212 posts
Oct 01, 2014 at 13:00
I am sure the right man for the job will arrive at the right time.
Get rich or just die
Member Since Feb 04, 2012
85 posts
Oct 01, 2014 at 13:02
makeitrain posted:
I am sure the right man for the job will arrive at the right time.
I guess it must be another rich man... (or woman)... 😄
Member Since Apr 24, 2014
212 posts
Oct 01, 2014 at 17:18
or a robot
Get rich or just die
Member Since May 04, 2012
1608 posts
Oct 02, 2014 at 06:57
(edited Oct 02, 2014 at 06:58)
I prefer robots like 'VIP' does (but maybe for different reasons...)
Why?
- The robots do not need sleep, they do not get tired and they work 24/5, so I have all the time to enjoy life and my profits.
- No emotions, no anxiety, no 'fear and greed'. NO STRESS!
- Nice stable profits.
One just needs to convert his/her manual strategy into an EA. That is it!
There is nothing 'special' about robots, they just do what we program into them. In other words: they do what we would do. Just much better and more predictably...
VPS: $69.99
Getting your manual strategy programmed into an EA by a programmer: $100
Cornering the markets in your sleep: PRICELESS.
Why?
- The robots do not need sleep, they do not get tired and they work 24/5, so I have all the time to enjoy life and my profits.
- No emotions, no anxiety, no 'fear and greed'. NO STRESS!
- Nice stable profits.
One just needs to convert his/her manual strategy into an EA. That is it!
There is nothing 'special' about robots, they just do what we program into them. In other words: they do what we would do. Just much better and more predictably...
VPS: $69.99
Getting your manual strategy programmed into an EA by a programmer: $100
Cornering the markets in your sleep: PRICELESS.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Member Since Aug 09, 2014
80 posts
Oct 02, 2014 at 07:33
Manual or Automatic ?
In my opinion the best is : Semiautomatic!
Flexibility of a trader that can read fundamentals and market sentiment + Hard rule of an EA.... Bingo!
In my opinion the best is : Semiautomatic!
Flexibility of a trader that can read fundamentals and market sentiment + Hard rule of an EA.... Bingo!
Be an investor, not a gambler!
Member Since May 04, 2012
1608 posts
Oct 02, 2014 at 07:39
(edited Oct 02, 2014 at 07:40)
alexlowrisk posted:
Manual or Automatic ?
In my opinion the best is : Semiautomatic!
Flexibility of a trader that can read fundamentals and market sentiment + Hard rule of an EA.... Bingo!
You are right, IF you can approach live trades (running with large funds) without emotions. Which is EXTREMELY difficult. Which is why numerous 'trading psychology' books have been written and trading firms even employ psychologists for their pro traders...
Personally I cannot approch LIVE trades (especially with large funds) unemotionally. The usual 'fear and greed' kicks in... So I don't even look when the robots trade... 'Too scary...'
Good for you if you could overcome (or handle) these emotions! Congratulations! You belong to the unique 1%.
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Member Since Aug 09, 2014
80 posts
Oct 02, 2014 at 08:06
FxMaster.... Unfortunately I'm not in that 1%, and have no problems to admit!
Anyway this do not prevent me to make money, because I simply know the good managers and they make profits for me.
I know for sure that this is the right method; and as I have a quite long experience in managed accounts, (not only forex but also futures and option writing) I can say that the BIG traders work in this way.
I know well some managers and ask them many things. And I can say that 1% is optimistic, maybe 0.1% is closer to the reality.
Anyway this do not prevent me to make money, because I simply know the good managers and they make profits for me.
I know for sure that this is the right method; and as I have a quite long experience in managed accounts, (not only forex but also futures and option writing) I can say that the BIG traders work in this way.
I know well some managers and ask them many things. And I can say that 1% is optimistic, maybe 0.1% is closer to the reality.
Be an investor, not a gambler!
Member Since May 04, 2012
1608 posts
Oct 02, 2014 at 08:13
alexlowrisk posted:
FxMaster.... Unfortunately I'm not in that 1%, and have no problems to admit!
Anyway this do not prevent me to make money, because I simply know the good managers and they make profits for me.
I know for sure that this is the right method; and as I have a quite long experience in managed accounts, (not only forex but also futures and option writing) I can say that the BIG traders work in this way.
I know well some managers and ask them many things. And I can say that 1% is optimistic, maybe 0.1% is closer to the reality.
I agree, the discussed figure is probably closer to 0.1%. And yes, IF someone belongs to that 0.1%, the combination you mentioned ('flexibility of a trader that can read fundamentals and market sentiment + Hard rule of an EA') is probably the best.
Not having those 'good managers' handy, I am left only with my 'bots'...
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Oct 02, 2014 at 09:49
yes you are right fxmasterguru
robots have definite take-profit and stop loss thus they will burst your account (in some days or in some weeks)
but if you trade manually then atleast you will understand your mistakes and risk so that you will become perfect not robot
and then after some experience you will start to trade like robot but with all controls in your hand
have a good pips
robots have definite take-profit and stop loss thus they will burst your account (in some days or in some weeks)
but if you trade manually then atleast you will understand your mistakes and risk so that you will become perfect not robot
and then after some experience you will start to trade like robot but with all controls in your hand
have a good pips
10 pips a day and you will be millionaire in two years
Member Since May 04, 2012
1608 posts
Oct 02, 2014 at 10:00
B1FXprof posted:
FxMasterGuru....I am no bot monsieur....emotionless maybe but no automaton ;)
How to trade for example news without automation...? My finger is not as fast as even the slowest EA...
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Member Since Aug 09, 2014
80 posts
Oct 02, 2014 at 13:19
By the way I'm a fan of algo and HFT..... but I also like fundamental/manual trading... all depends on the trade duration... seconds or days?
Be an investor, not a gambler!
Member Since Aug 09, 2014
80 posts
Oct 03, 2014 at 12:28
Trading news... this is exactly when an EA is a must.
The problem is the broker that doesn't fill good the order, especially if they see you're making money.
I think I'm not the only one that see ticket with a value different than the 1 min. candle after the news.
The problem is the broker that doesn't fill good the order, especially if they see you're making money.
I think I'm not the only one that see ticket with a value different than the 1 min. candle after the news.
Be an investor, not a gambler!
Oct 06, 2014 at 12:38
Indeed Alex, the fills at news time are precisely what defines a broker for me. They can blow the spreads really wide, fill at fictional prices beyond the 1 min spike etc
You need a genuine STP broker - that's another tricky thing to do - find one which says it is STP and actually IS STP - I've had brokers filling very quickly and at good prices only to have them cancel all my profits months later because it turned out they were taking the other side of the order all along....despite selling the service as DMA/STP!
You need a genuine STP broker - that's another tricky thing to do - find one which says it is STP and actually IS STP - I've had brokers filling very quickly and at good prices only to have them cancel all my profits months later because it turned out they were taking the other side of the order all along....despite selling the service as DMA/STP!
