I'm not using a specific system to trade.... nor am I using a specific time-frame. I was using 5 minute chart along with 15 minute and hourly. In addition I was looking at larger timeframes to possibly find a trend - which has not happened yet... I also use the the 4 hour, daily and weekly charts together (basically summarizes all timeframes). The benefits of using 2 time-frames larger than the initial time-frame you would execute the trade from is that you can get an idea what the 'bigger' picture is and make sure the long or short you would take on the 5 minute chart is in agreement with what the 15 and hourly say as well.
Best thing to do is to pick 3 timeframes based on the amount of time you would have everyday to trade. (Ex- smaller timeframe requires several hours on the computer... where larger timeframe could only take 15 minutes a day)
Some of the trades I took were not of my discretion and I simply copied my traders trades that he took on the managed accounts. No, the managed accounts do not involve such high risk and only risk 1% per trade as opposed to what im risking which varies.
The link to the managed accounts which you can track is below......We have not placed many trades this month simply because markets took some time to get back into full gear in the holidays and we didn't want to jump into anything.
This account will continue to grow and will NOT margin call like many other home-run hitters out there. Although I am using high risk - it is my personal account and I am allowed to.
I do not use any EA's and every trade is done MANUALLY and all trades have stop losses. I dont do Martingale or anything of that nature. I do scale in WINNING trades on occasion but that depends on the market and what I see.
Solar - the reason why I deleted the myfxbook link which you posted is because it is the performance of a trader who no longer works for our company... so for the sake of less confusion we deleted the record which we dont 'own' anymore.
Currently at 596%. This account will NOT blow or stop being updated like others high performers. High returns involve high risk and I had 2 losses in a row so that results in big loss. Im not worried. No panic.
My account is constantly updated so no secrets here in terms of my progress.
Good luck to all and looking forward to an amazing February.
Please note this is my personal account and not all the trades I take are mimicked from the trader who trades the managed account.
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.