Splexin's Beiträge - Seite 3

Only Real Money-Making Traders Apply in Neue Trader Feb 09, 2012 at 00:27

Consistency. Finding what works and sticking with it. With consistency in a trading system also goes along with consistency in money management. 2% max risk for me per trade, no more than 2-3 trades open at once.I used to be crazy intraday trader....awake all hours of European and NY markets....then I discovered you can make just as much money on Daily charts. Now I am more swing trader and it's so much more comfortable. Sticking to the trend and place trades based on Fibonacci retracements, trendlines, and S/R lines. No other indicators. Analyze charts on weekends and maybe once a day. As...

Contest - kolor_ijo in Handelssysteme Feb 05, 2012 at 17:21

Nice equity!! xD

new trader - HELLO! and help in Neue Trader Jan 25, 2012 at 04:29

In addition to wise money management, I would recommend looking up Mark Douglas, who produces trading psychology materials and coached professional traders for many years-- I have been studying both his books as well as a couple video seminars and they are full of gold. Very helpful stuff that can enlighten newbies and veterans alike.

THE FOREX EA REVOLUTION STARTS IN 2012 in Allgemein Jan 23, 2012 at 23:04

Trades taken January 19 are inconsistent with the others, meaning that you increased position size drastically. Care to explain?

Can you borrow money from the bank to trade forex? in Allgemein Jan 01, 2012 at 10:56

Fear has a unique way of keeping people from succeeding.Only reason I use my credit card is for the reward points 😁 I've never paid a dime in interest because I've learned the tricks of the billing cycle.As for the loan I would totally do it, only because I know in less than 3 years I could crank out a net of 17-22 good trades ("good" = 100 pip winners to me)....the number necessary to pay it back in full (differs according to individuals MM). I currently net an average 100-200 pips per week, and that's checking charts for 5 minutes a day (or sometimes none at all...

Can you borrow money from the bank to trade forex? in Allgemein Dec 30, 2011 at 21:55

There is/was a Russian gentleman here that obtained a $25000 line of credit, put it into his Forex account, and paid it all back within a month (Myfxbook verified too). Obviously not everyone is successful or consistent enough to do that. He was incredibly disciplined at money management...never over-leveraged and if I'm not mistaken only risked about 1% per trade.CDs and savings accounts are almost pointless nowadays...I earn more interest in my Forex account. 😁Other than a credit card I've never borrowed money for anything....car, house, nothing....always saved up cash then p...

Can someone explain Z-score to me.... in Allgemein Dec 24, 2011 at 07:36

If you hover your mouse over 'Z-Score' on your account(s) page(s), it explains the use of it with regards to MyFxBook. Here it is strictly used to estimate the probability of a win followed by a loss, or a loss by a win. A stable number means you have a good, consistent trading system. You don't want "randomness" in a system.Z-score is a principle of statistics-- when I took my college statistics class, this was a primary topic. Basically, z-score is a reading of the distribution of data for probability in a statistical sense. The z-score is calculated by taking a data po...

can some expert analyze my result? please help in Allgemein Dec 18, 2011 at 08:32

6 months is not enough testing period. You need to be thinking in terms of years.With your current MM settings, your loss trades (as few as they are) = 2x profit. It should be the other way around. But that's me being picky, a ~90% win rate would cancel that out....if indeed you could maintain that high probability in real trading......

more than 80% in 16days on real account in Allgemein Dec 17, 2011 at 00:31

Uhmmmm......it wasn't 80% in 16 days according to the system page. The first trade was left open for nearly 2 months and you gained 51.7% in that one trade. So in reality you gained 38.66% in 8 days....which is nothing to balk at either. Just clarifying. 😁Also, 32 trades is not good enough to "guarantee" 600% after a year. There are no guarantees with anything and you need hundreds of trades to determine its consistency.

$500 to Freedom (500 to 5,000 in 1wk) in Allgemein Nov 07, 2011 at 19:56

.....I'm going with TheCyclist on this one. The fact that he blew through 250K should be the prove point 😲If it were "possible" one of the gambling noobs would've hit it by now and be famous. Retail forex has been available since 1997, almost 15 years ago now. Makes you go "Hmmmm, so in all those 15 years something like this hasn't worked?"I reiterate my statement that demo and live trading are two very different things. Theoreticals and hypotheticals don't pay the bills, either.

$500 to Freedom (500 to 5,000 in 1wk) in Allgemein Nov 06, 2011 at 18:27

"Do not invest money that you cannot afford to lose." True statement and that is what everybody says, but in reality if you can "afford" to lose any money then you don't need to be trading. 😝I am not complaining nor criticizing....just stating the reality of trading.....I do not share my accounts here because for me Myfxbook is a personal critique tool not something for me to inflate my ego or gloat about profits. I have a billionaire acquaintance who has a saying that goes, "If you got it, you don't flaunt it." Even if I shared my successful real ...

$500 to Freedom (500 to 5,000 in 1wk) in Allgemein Nov 05, 2011 at 18:23

50,000 units = 0.5 position size. Half of a standard lot. IMO you are risking too much. OK so you only risk $60 each trade with 12 pip stop. Probability says you have a 50/50 chance of winning or losing. So there is no such thing as "knowing" you will win 8 out of 10 trades. I see that your losers are larger than your winners. Yes, you are winning more than you lose but what happens when you have losing streaks? Lose 5 in a row on your initial balance and you only have $200 left! 12 pip stops can get hit in mere seconds. You can hide your open trades but your equity currently reads 8...

$500 to Freedom (500 to 5,000 in 1wk) in Allgemein Nov 05, 2011 at 01:51

50,000 unit positions on a $500 account is somewhat very unrealistic.....I see your system is running on demo.....have you tested it live yet?I don't even test on demo anymore, psychological difference is too great. I just test on real accounts with extremely small positions until I'm confident with the system and then I expand my position sizes.

fx revolution coming soon to your trading platform in Erfahrene Trader Oct 21, 2011 at 18:33

How does it only wipe out winnings? What if the first two trades are losers?

fx revolution coming soon to your trading platform in Erfahrene Trader Oct 21, 2011 at 17:36

Yes trust me I have experienced being stopped out with tight stop only to have price return in favor......but I mean, have you tested perhaps a better TP?? Like walker said, one loser would wipe out many winners.......

fx revolution coming soon to your trading platform in Erfahrene Trader Oct 21, 2011 at 16:39

The problem is I trade several systems on several of the same accounts. I have six (yes, 6) accounts with OANDA. None of them trade just one system. As I said before, attempts have been made in the past to code this into something testable. But because much of the system is "discretionary" that is difficult if not impossible to put into code form. I am getting ready to do an evaluation on my accounts and am planning to manually backtest the system. Will post something then, perhaps a separate thread since it is not related to this one 😁

fx revolution coming soon to your trading platform in Erfahrene Trader Oct 21, 2011 at 16:19

I've tried to explain to programmers in the past that this system really can't be coded. You have to be alert enough to check where price is according to various levels.....something that code simply isn't smart enough to do. Code thinks in terms of numbers whereas a trader can think in terms of point on chart as well as recent history (including fundamentals).Ongoing thread here: http://www.traderszone.com/personal-trading-systems/9001-my-intraday-system-pictures.htmlAll the evidence you need.

fx revolution coming soon to your trading platform in Erfahrene Trader Oct 21, 2011 at 16:02

Honestly, that was a cheap shot. You are probably the only trader I have ever known to make such an ignorant claim. I am so sure about my system that I don't need to risk more than 30 pips to get it right. I only lose 30% of the time anyways. System was developed over 10 years ago and has proven itself over and over again. I'm not going to debate who has the better stops or targets or risk ratios or other nonsense because none of that really matters. Every trader has their own way of thinking and own method of trading. As long as I continue MAKING A LIVING trading forex, I am not going...

fx revolution coming soon to your trading platform in Erfahrene Trader Oct 21, 2011 at 15:49

I don't trade algos or any automated system for that matter...therefore I can't give my experience from that perspective. But for me, my manual trading has given evidence that anything over 50 pips SL is a waste of my time because the R/R is too wide. I am U.S. based so restricted to 1:50 leverage, of which I only use 1:10 leverage. So my position would be too tiny to be worth it at that SL level. It's a lot easier to bag 60-80 pips (2x SL) than it is 150-200 pips in a day (2x 100 pip SL). You don't even have to be right about the complete direction of the market because of pul...

fx revolution coming soon to your trading platform in Erfahrene Trader Oct 21, 2011 at 15:16

I disagree. If trading DAILY chart then yes 100 pip stop is normal. I trade hour chart and use 30 pip SL, no more than 40 pip SL. Market only travels about 150 pips per day anyways.

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EURUSD	1.0699	GBPUSD	1.2487
USDJPY	158.04	USDCAD	1.3679

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