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MANUAL TRADES (FX OPEN) (By Wayne )

The user has deleted this system.

MANUAL TRADES (FX OPEN) Discussion

Wayne (SunnyDays)
Nov 30 2010 at 08:39
152 posts
I began trading this account manual on November 8 2010, trading mainly Euro-Yen (taking some signals from my EA which specializes in that pair, but not solely restricted to it). Prior to that I was using a commercial scalping EA which the creator advised me not to use with FX Open, but as I have made some successful trades I figured it would be alright. Next thing the market became volatile and I lost half the account. (be careful of FX Open with any scalping EA. Even though they are ECN you seem to get screwed too often).

So my trading of Euro-Yen is easily found through the history of trades.

I find focusing on one or two currencies for manual trades works best for me. If I can establish my track record for manual trading (as I think i have learned a lot over the years) I may combine selective manual trades with my EA trades in managed accounts.

Good luck trading everyone
Wayne
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
Wayne (SunnyDays)
Dec 23 2010 at 20:41
152 posts
I stopped trading on this account around December 15 2010. I moved this money to my second managed account at FinFx where i will mix my manual trades with my EA trades only on this second account.
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
duzyfx
Dec 23 2010 at 23:05
257 posts
is there any particular reason why you have chosen finfx over fxopen ?
Wayne (SunnyDays)
Dec 23 2010 at 23:22
152 posts
Hey Duzyfx, the reason I'm moving my funds is because I need to consolidate my focus and i need the equity to open another managed account. It is too hard for me to engage in manual trades for my own profit along with my managed accounts. So i will be moving my manual trades to a new finfx MIXED account that will be a managed account for my EA and my manual trades together. All manual trades will be only in this 2nd managed account and for me and my investors. A managed account at fx open requires 5 k to start. It is only half that at finfx.

I don't really have an opinion about fxopen because I have not ran my EA long enough with them. I will still use then for a micro account for EA testing. In the future when i have 5 k for another managed account (or interested clients at fxopen) i will come back to them.

Best

A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
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