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WHO trades forex for more than 10 years and keeps making regular profits
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BluePanther

Member Since Jan 25, 2010  1261 posts Matt (BluePanther) Oct 30 at 00:52
BluePanther posted:
togr posted:
so is there some level when you switch from high risk to low risk trading?


I plan to graduate risk across my accounts in the following method:
Account 1: $1000
Account 2: $2000
Account 3: $3000
Account 4: $4000
Account 5: $5000
Account 6: $6000
Account 7: $7000
Account 8: $8000
Account 9: $9000
Account 10: $10,000
Account 11: $11,000
Account 12: $12,000
Account 13: $13,000
Account 14: $14,000
Account 15: $15,000
Account 16: $16,000
Account 17: $17,000
Account 18: $18,000
Account 19: $19,000

Risk setting of EAs would remain consistent across accounts, ie. starting Lots 0.01, strategy parameters, etc.


Risk can also be mitigated by scaled implementation of new systems, where a graduated process is followed prior to full implementation of any system across all accounts. I did not follow this process and my greed and haste cost me dearly.

For example:

1. Rigorously Backtest new EA on Historical Data until satisfied of performance;
2. Complete successful Forward testing on Demo;
3. After x period, commence EA on Account 1;
4. After x period, commence EA on Account 2;
5. After x period, commence EA on Account 3;
...
21. After x period, commence EA on Account 19;

where 'x period' is an arbitrary measure of time, such as a week or month.

'Success in trading requires calculated risk, measured gains, and tempered emotions.'

almfx

Member Since Feb 13, 2017  45 posts almfx Oct 30 at 12:44
I do trade near that time since 2011, but im a system developer 2009

I noticed , stability is one and only thing matters.
If you have this point of view, it means you look serious and you count it as a business not a game.

ninjaforex

Member Since Mar 22, 2016  25 posts Ninja Forex (ninjaforex) Nov 02 at 13:18
try to make simple, dont make difficult your trading self with complicate strategy
even for now to much impact politic fundamental, most of them make make fake all analisy technical too

soo this is the way to find another think strategy, like whats to handle trade this climate with smart strategy too


Founder of Number 1 Ninja Forex Strategy in The World -
ratou11

Member Since Dec 10, 2018  28 posts Timothe Bouchard (ratou11) Nov 08 at 02:05
Been trading forex for 6 years, been making consistent profit for 1.5 years. Forex takes time.

tradeFX4btc

Member Since Sep 13, 2017  48 posts tradeFX4btc Nov 08 at 07:59
BluePanther posted:
tradeFX4btc posted:
Since we have both been rekt from flash crashes, what are you doing differently?


Oh, and:
7) Diversification is BAD; just because a system can work on 28 pairs, does not mean it should be used on 28 pairs. Sure it can multiply results and give some guarantee to returns, but it also adds exposure to every market event, and movements can be multiplied across other pairs of the same currency. It only took two currencies for me to gain 800% and 1000%: it is better to focus on a few currencies and limit your exposure to risk events.

'The most successful investors don't diversify. Rather, they FOCUS (Follow-One-Course-Until-Successful) and specialize. They get to know the investment category they invest in and how the business works better than anyone else.'
(Robert Kiyosaki, American businessman and author)

“Wide diversification is only required when investors do not understand what they are doing.”
(Warren Buffett, American business magnate, investor, speaker and philanthropist)

Great advice. I enjoy seeing the quotes of successful businessmen in relation to what you have learned.

steveday1976

Member Since Mar 03, 2019  50 posts steveday1976 Nov 10 at 20:58
ratou11 posted:
Been trading forex for 6 years, been making consistent profit for 1.5 years. Forex takes time.
Yes, unfortunately lots of new traders do not have patience and need to understand that mastering forex takes time.

MitraFxIndo

Member Since Jul 23, 2019  15 posts MitraFxIndo (MitraFxIndo) Nov 11 at 06:46
Not Just Long Trade, But Need Known how much Profit perdays, permonths, and Drowdown, so we can choose the ea for buy or follow......

Be Best Trader And Got Money
SNF_Complex

Member Since Jul 22, 2013  188 posts Michael (SNF_Complex) Nov 12 at 12:57


still trade from 2000 ..


still in profit !
Attachments:

SNF-Complex system - build in 2007 \ Tested from 1970.
BluePanther

Member Since Jan 25, 2010  1261 posts Matt (BluePanther) Nov 12 at 18:29
SNF_Complex posted:

still trade from 2000 ..

still in profit !


Amazing! One of the 5% of traders who stay profitable! 19 years' straight! Wow!
Keep it up, you are an inspiration for losers like me! cool

SNF_Complex

Member Since Jul 22, 2013  188 posts Michael (SNF_Complex) Yesterday at 08:54
BluePanther posted:
SNF_Complex posted:

still trade from 2000 ..

still in profit !


Amazing! One of the 5% of traders who stay profitable! 19 years' straight! Wow!
Keep it up, you are an inspiration for losers like me! cool


thanks !

https://www.myfxbook.com/members/SNF_Complex/snf-complex-citifxpro-real-mt4/715837



more info about complex & some free data\signals you can find on fb page of system ...


===

SNF-Complex system - build in 2007 \ Tested from 1970.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.