214 straight winning trades. My personal best. see my other accounts too. Too many to describe really. But lots of different good strategies.
Impressive results, keep going. BTW you have zero loss trades - do you ever close trade at SL or how do you protect account?
I only use SL during high risk events, and these events I do my best to avoid all together limiting my exposure so that it doesn't matter what happens during news events as original flow of price action is restored after news events influence dissipate anyway.
Many many people say that using SL's is a must. But I differ. And early on I was taken out of many many trades prematurely, because volatility in forex is not friendly to beginners placing stop losses at or near support/resistance or even at psychological 50 or 00 areas. I decided to trade without them 18 months ago, and I altered the way I trade so I don't need them.
Now that I have serious capital in the game, soon I will put an 'emergency' stop loss like 150 pips away, but even then I've had spikes at London Fixing Time or Short Term News that eventually peter out and are faded, so I don't really see the need. I have Rescue Percentage Stop Out protection thru the trade copying software and on accounts with big money in them in Sub Accounts.
People just don't want to give credit when a system is working. Or the majority. 250% in 4 months and 850% in 6 months in my mind is awesome.
So you do use SL just during news But isn't there the highest probability it will be hit as during news price is jumping up and down?
ForexAlgoTrading posted: I don't want to get into an argument with you but that's the problem with people who have no idea about how trading really works... you see results like this and think it's impossible. Until you learn to keep an open mind, you'll continue to fail and fail.
You were claiming that 100%+ profit and 2% DD were correct stats. You can see now that the DD is 50%+ and the account hasnt been updated for a long time so its possible you already blew it. Even if you did not, it is just a matter of time.
Its ironic that you say other people have no idea how trading really works when you are just a gambler who thinks this system will actually work.😀
Sorry I even bothered sharing this...
So what happened with your account? The last time it was updated was a week ago at a 33% equity DD. If its blown that means it lasted for just over 1.5 months....
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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