QFX Signals_Daily Profits (by Q_FxTrader) Quick Stats
The user has made his system private.
Rating: Full Star Empty Star Empty Star Empty Star Empty Star
QFX Signals_Daily Profits Discussion
Previous 1 2 3 4 5 6 7 Next
Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 28 2019 at 06:52
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

If sudden market crash will happen what happened in CHF pairs few years back, then even if brokers go bankrupt and each and every strategy will collapse which has opened trades.

But during regular markets even if there will be major volatility, then 50% negative equity protection is already built in and stoploss is intact in each trade and even after reaching the maximum drawdown once in a month still the system will end in profit of 50% per month. So making 50% per month safely with 50% drawdown is not a simple or easy achievement for all systems.

If it doesn't reach the 50% maximum drawdown ,then the system can make 100% or more profit per month.

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 28 2019 at 06:55
luckytrader11 posted:
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

Yes, it is a cent account. But it is not a DEMO account which means the performance is real in real money.

Also, don't forget that the spreads in cent accounts are usually much higher than usual ECN brokers and so if anyone will follow the signals using a good broker like IC Markets or pepperstone, then his account performance will be much better than this cent account performance. At least the monthly return can be 10% to 20% more in ECN accounts.

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 28 2019 at 11:51
In very near future, I am planning to publish another mt4 account with little more aggression kind of trading style which is the improved version of this system. I might use both grid and martingale in that system.

This system uses only grid and definitely much more aggressive than my first system. But still this system places a large number of trades only few days and rest of the days it places very few to almost no trades.

So to balance that I am planning to start a new system, but this system as well as the previous system will continue to run as usual since I don't want to mess up the existing profitable systems to meet the needs of signal followers.

ccfund

Member Since Aug 22, 2019  8 posts ccfund Aug 28 2019 at 14:57
Q_FxTrader posted:
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

If sudden market crash will happen what happened in CHF pairs few years back, then even if brokers go bankrupt and each and every strategy will collapse which has opened trades.

But during regular markets even if there will be major volatility, then 50% negative equity protection is already built in and stoploss is intact in each trade and even after reaching the maximum drawdown once in a month still the system will end in profit of 50% per month. So making 50% per month safely with 50% drawdown is not a simple or easy achievement for all systems.

If it doesn't reach the 50% maximum drawdown ,then the system can make 100% or more profit per month.

ok, do you trade during important news events or avoid trading the news?

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 29 2019 at 07:48
Today so far there is very little movement in the market in currency pairs and hence, only one trade was triggered in this system. So very little profit was made in the system.

Though the new system has made very good profit in last 2 days still I have kept it private and will make it public very soon once all settings adjustments were done.

I will wait and see if it can give more trades later in the day today.


Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 29 2019 at 07:49
ccfund posted:
Q_FxTrader posted:
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

If sudden market crash will happen what happened in CHF pairs few years back, then even if brokers go bankrupt and each and every strategy will collapse which has opened trades.

But during regular markets even if there will be major volatility, then 50% negative equity protection is already built in and stoploss is intact in each trade and even after reaching the maximum drawdown once in a month still the system will end in profit of 50% per month. So making 50% per month safely with 50% drawdown is not a simple or easy achievement for all systems.

If it doesn't reach the 50% maximum drawdown ,then the system can make 100% or more profit per month.

ok, do you trade during important news events or avoid trading the news?

I avoid trading the news. All my systems try to avoid trading during the major news releases.

luckytrader11

Member Since Aug 22, 2019  5 posts luckytrader11 Aug 29 2019 at 16:01
can you open trade history?

luckytrader11

Member Since Aug 22, 2019  5 posts luckytrader11 Aug 29 2019 at 16:03
you can hide open trades if you want..but i want to study the trade history how it trades...

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 30 2019 at 07:04
Yesterday night the system closed some more trades in profit. Also, today morning the markets were overall okay and the system triggered few trades, but not yet closed.

Today is the month end as well as week end and so markets are very dull and hence, I am taking extra precautions in trading. So let's see how it goes by end of today.

Q_FxTrader

Member Since Oct 08, 2018  144 posts Q_FxTrader Aug 30 2019 at 07:05
luckytrader11 posted:
you can hide open trades if you want..but i want to study the trade history how it trades...

trade history will be available only through signalstart and not through myfxbook. So wait until I publish the account in signalstart.

Previous 1 2 3 4 5 6 7 Next
Loading
Loading
EURUSD 1.08223 GBPUSD 1.29373
USDJPY 111.576 USDCAD 1.32647

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
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.