davidoff9 posted: I understand now. You are thinking this is a trade signal. Its not a trade signal at all. Its an automated system that trades the currency market based on your brokers feed, the time you install the system, leverage, position sizing, account balance, etc. All this will play some part in how your trades are taken from the system. If it was a signal, then yes, you and I would have similar trades. Still not exact but closer than running our own separate systems. I'm sure you and I started running the system at different times too. That is probably the biggest factor. I suggest taking a look at babypips.com. I love this course. Free online course! I took it twice when I first got started trading. I helped me a ton!
davidoff9 posted: I've had 2 years of profits with this system. Not sure what you mean..
davidoff9 posted:If I start making trades at 1pm and you start at 2pm, both of us will have different trades. This system is no different than that example. Even if we both started taking trades at the exact same time with the exact same broker, we would still eventually have different results because of liquidity.
i'm watching your open positions and they don't match at all mine ! how is it possible?
i mean you still have trades that were closed in a nice profit already
I am looking at your open trades and mine and they don’t match at all, I just want to undesrtand how funnel trader works, why is it opening and closing trades on my account and not on yours, we have the same signal after all?
yes thanks i started trading 5 years ago with babypips, and i understand it is a robot, however i'm puzzled at the fact that it can make money opening different positions on each account, and that the account of lance has the same open trades since 15th june,
ok...so forget about funnel trader for a sec...let's say I open a long trade at 1 o clock on the EURUSD and at 2 o clock the fed comes out and says we are going to hike rates 32 more times this year. The market goes, well, nuts and brings the EURUSD down 49078 pips and my trade is still open with no stop loss. Now you come in at 3 o'clock, the EURUSD is slightly oversold (down 49078 pips, ok I kinda exaggerated my example) and you decide to place the same trade - long EURUSD. At this point, the market realizes that it's oversold and everyone starts buying the EURUSD. Now you are up 30 pips and take profit. Since the market is still taking USD profits and buying the EURUSD, you decide to buy another position. However, I'm wearing a frownie face because I'm still down 49048 pips. Anyway, in this example, U and I both took the same trade but only you made a profit because you had better TIMING. It's the same with funnel. It's all bout timing. That goes for any market and any trading system. I think that could be the single most overlooked part of trading is the bottom axis of the chart - the timing. Timing is EVERYTHING in trading. Dare I say .. more important than price action! Robot or manually trading, timing makes the difference between being in a drawdown from the 15th of June or taking profits all the way throughout the month. I'm not saying I planned that because I didn't (really lucky;) but I am saying that my trades just happened to be entered at a better TIME then Lance's. Sometimes it's the other way around so it all works out at the end of the month. If it was up to me I'd be in profit all month every month but unfortunately, I'm not the man up stairs so I'll take what He gives me :)
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