QFX Signals_Daily Profits (by Q_FxTrader) Quick Stats
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QFX Signals_Daily Profits Discussion
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Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 26 2019 at 04:18
Today big price gaps during market open was observed in many currency pairs. Also, random big price movements have happened in multiple pairs within first few hours of the day.

Due to this, this system has given a small loss for today. As I mentioned before, this is a more active trading system as compared to my other trading system. So the loss occurred mainly due to the price gaps which created immediately after market open.

So I have done further improvements to the system to tackle with the trades arising due to such the price gaps.

Though it is just the starting of the day and still further trades can be expected later in the day. I have to wait and see what happens today since there are 4 high impact fundamental news events after 8 hours which may create some trading opportunity in the system and ultimately it may recover the small loss.

ccfund

Member Since Aug 22, 2019  8 posts ccfund Aug 26 2019 at 12:03
i was studying the account at signalstart..but the link is showing error now...can you check?

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 26 2019 at 12:57
ccfund posted:
i was studying the account at signalstart..but the link is showing error now...can you check?

This mt4 account was already linked to the old signalstart account which was not displaying the actual performance of the strategy in signalstart. Hence, I have requested signalstart support to remove the account and I will add it again once it is removed.

So temporarily I have made the account private till new account is added in signalstart.

After I add this account again, I will post the new signalstart link for this account here. Just waiting for signalstart support.

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 27 2019 at 07:26
Yesterday the most of the market movement already happened at the beginning of the day. So there was no major movements later in the day and hence, there were no trades opened for yesterday after yesterday morning.

Today market is overall okay and few trades have been triggered. I have to wait and see how this week goes.

We are in the end of the month and hence, I am taking minor precautions to avoid any additional risks to the account.

luckytrader11

Member Since Aug 22, 2019  5 posts luckytrader11 Aug 27 2019 at 08:49
it is using grid and grid is always risky.

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 27 2019 at 10:02
luckytrader11 posted:
it is using grid and grid is always risky.

Unlike any other grid trading systems, all of my systems uses a reasonable stoploss. Also, all the accounts uses maximum allowed negative floating equity at which auto force close of trades will happen. So it is much more safe and well calculated risk based system, but definitely a high risk system.

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 27 2019 at 12:50
Today's group of orders were closed with a small profit.

Me personally like this system compared to my other system as well as compared to any other grid or martingale system mainly because of 3 fundamental reasons:
1.This system can be traded and followed with a very little account balance of 250 USD safely and hence, it can be followed by any retail trader
2.It trades like a scalper, but not a scalper of course which means I don't have to wait for many hours or days to close the group of orders every time. Most orders are closed within few minutes and sometimes few hours
3.It uses stoploss and negative equity protection to handle any market crash events

Now, I can easily create unlimited number of combination of such highly profitable systems even with stoploss, but most of the systems will require at least 2000 USD or more to trade safely and it is same with most of the grid and martingale systems which can make profit.

So I am sticking with this system without much change in it to see if it can trade for ever without reaching the maximum drawdown at all or will it reach the maximum drawdown % of 50% at sometime in future.

ccfund

Member Since Aug 22, 2019  8 posts ccfund Aug 27 2019 at 17:10
luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

luckytrader11

Member Since Aug 22, 2019  5 posts luckytrader11 Aug 27 2019 at 18:03
ccfund posted:
luckytrader11 posted:
it is using grid and grid is always risky.

i agree. grid systems look good first..but later collapse suddenly. too short performance to to judge anything

correct..also it is a cent account.

so need to watch and see for sometime

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 28 2019 at 06:47
Today morning markets were overall good and the first group of orders have been closed with a small profit.

Now, we have recovered the loss which occurred on Monday and already in small profit for this week and almost reached the monthly target for this month even though we have one more week to cover. Also, this Monday loss happened mainly due to price gaps and I have already taken steps to avoid similar things in future.

In fact, that was only day which was closed in loss in last 3 weeks of trading. I need to wait and see how it goes in future and if it places any more trades for today or not.


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