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25%Monthly (By Ahmed )

Gain : +36.57%
Drawdown 28.49%
Pips: -998.7
Trades 1048
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Manual

25%Monthly Discussion

Ahmed (Metro)
Jul 25 2011 at 22:58
41 posts
hey Ben hope you're doing well bro
i'm planing to reach 50% by 20/8
but till now i'm not sure about the market
waiting some important news so i can decide which side i will take (buy/sell)



Ahmed (Metro)
Aug 01 2011 at 17:38
41 posts
today i lost 10.69 because of FXDD
and i contact their support to solve the problem and back my money
i was trying to close my order with profits but they didn't accept it

Ben Scoobert
forex_trader_[921]
Aug 01 2011 at 19:34
276 posts
you sould be using a sl and tp, and that is the reason why

Ahmed (Metro)
Aug 01 2011 at 20:48
41 posts

BenScoobert posted:
    you sould be using a sl and tp, and that is the reason why


i sit in front of my pc 10 hours daily
i don't need to use stop loss and take profit
i do it manually
this deal was in profits but the broker didn't accept close order

Ben Scoobert
forex_trader_[921]
Aug 01 2011 at 21:39
276 posts
If you don't do it you will get your fingers burnt, like today and maybe worse

I doesn't matter if you are there or not, you use a stoploss, no ifs, no buts, use a stoploss, even if they are emergency stoploss 20 pips beyond where you would close manually

Ben Scoobert
forex_trader_[921]
Aug 01 2011 at 22:22
276 posts
Ahmed (Metro)
Aug 02 2011 at 12:59
41 posts
you are right Ben
thanks for these rules ....

Ben Scoobert
forex_trader_[921]
Aug 02 2011 at 13:14
276 posts
Not just that, but think of all the links that there are between you and the actual order execution

You -- distractions, emergencies
Your PC -- hanging, crashes, power cuts, hardware failure
Your Internet hardware-- see above
ISP -- Random outages, power cuts
Broker -- requotes, order rejection (ie. yesterday)

All these things and many more, put a loose SL on any order but know where your intended stop is.

I use a dedicated machine for my forex and a seperate one for everyday use. It is battery backed for 5 hours along with the ADSL modem. Even then I use a SL on all live accounts.
Later this year I plan to switch to a hosted dedicated server for £49 a month.

Ahmed (Metro)
Aug 04 2011 at 22:43
41 posts
Ben you are 100% right
thanks bro for this advice

Ahmed (Metro)
Aug 04 2011 at 22:44
41 posts
i think this friday EURUSD will fall to 1.3965
there is important news ,hope the market will go in favor of us

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