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Not one system or EA here is worth putting real money into

sbresee (sbresee)
Aug 09 2013 at 13:51
53 posts
I really like your way of trading conorp, it sounds like you have found some loop holes in the system, and broken out of the box trading that everyone does here!!!

Only take what the market will let you have, and Never accept a loss!
conorp
Aug 09 2013 at 13:54
23 posts
Too close to the retail #. Closing both contracts +.19 c

I dont like to be in trades at the time of # releases. Its just gambling.

sbresee (sbresee)
Aug 09 2013 at 14:03
53 posts
Well, you made money for the day, and not a loss. I just closed 164.5 pips on the gbp/usd.

Only take what the market will let you have, and Never accept a loss!
conorp
Aug 09 2013 at 14:03
23 posts
Lol. Both targets filled. But I was too cautious. However, thats the way I play the game. If the # wasnt coming out, I would have stayed in the trade.

sbresee (sbresee)
Aug 09 2013 at 14:04
53 posts
that is why I dislike EA's, they do not have that trait built in, like you, if it does not feel right I get out.

Only take what the market will let you have, and Never accept a loss!
deysmacro
Aug 09 2013 at 14:28
275 posts
If you guys can stay like that, it is fine I think. The problem is when the emotion starts to take over our judgement. So, EA is meant for this. 😎

Past experience usually helps present self
sbresee (sbresee)
Aug 09 2013 at 14:46
53 posts
I will agree with you, I have friends that probably need to be on an EA, because of that issue. Controlling emotion is a large part of trading, and after 7 serious years I just stick to my guns, and have little emotion anymore, if I miss a trade, oh well, there is always another trade is what I say to myself.

Only take what the market will let you have, and Never accept a loss!
msuhaimi2007
Aug 09 2013 at 14:52
38 posts
Hm... I don't think there is absolute method of trading we can follow... For me I believe every trading method, or I rather say system reflect its trader.

There is no problem trading with EA, or manual. Every trading systems are profitable and also can be loser. There will be time we need adjustment for our trading system. Same goes to EA and manual trading.

I see many trading system profitable years ago and now became loser. A little adjustment, maybe... you can extend your trading system life-span.

deysmacro
Aug 09 2013 at 15:24
275 posts
For me EA is the choice because I don't have the time to trade manually. I don't dislike manual trading though. Manual trading always the best, I think. 😉

Now, just have to make my EA works like it should. 😎

Past experience usually helps present self
conorp
Aug 09 2013 at 15:56
23 posts
The key for me is rejecting trades that do not fulfill my risk/rerward scenario.

This is my first and only real calculation. But you need to have three pieces of information to achieve this and have a successful trade.
1. Market Direction
2. Logical Target
3. Logical Stop

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