Discusión MissMissy1

This is a demo account that I am using to practice trading with the metatrader platform. I use a trading strategy that is technically based but I also add my own take on fundamentals that are happening at the time. Therefore I do not take every trade that presents in my technical formula. The formula that I developed allows me to identify when price action has over reacted. These trades offer a very high success rate (over 99%). I have added to the strategy a systematic way of hedging the 1% of trades that go ugly, and the method I use to resolve the hedged trade sets ultimately results in closing all trades successfully for a profit. About the only time you will see a trade close for a negative is when I make a mistake and accidently close the wrong trade - but this is a rare occurance.

I do all of the trading manually as I do not believe in automated trading as a long term successful strategy.

I have been trading currency for about 15 years successfully and I have taught trading and worked as a referring broker in the past.

I am currently establishing a PAMM (percentage allocation management module) account so that I can trade for others. If you are interested in more information you can contact me directly by email at [email protected] or by contacting me thru myfxbook.

I started trading this demo January 8th of this year (2013) and as you can see it has shown a tremendous profit to date. This is because the month of January offered an unusually high number of trade opportunities for my system. A more realistic expectation for my trading results would be anywhere from 10% to 50% profit per month - all depending on what the markets offer.

You will also notice that the 'drawdown' at one point reached above 70%. Do not be alarmed by this. This does NOT mean that the account 'lost' that much, it means only that at one point the account was 'using' that percentage of the funds to ride open trades. This happened primarily because this started as an especially small account with a balance of $5,000 and with a tiny account like that you need to trade it heavily just to be able to make a reasonable number of trades. The more important elements to pay attention to is the number of trades that have been made and the win percentage of those trades. As you can see, to date there has only been 1 trade that has closed at a loss (and it was a very small loss). Also be sure to look at the 'Risk of Ruin' and you will see that there is a less than 0.01% chance that the account will lose even 10% of it's value over time. This is very indicative of my trading historically.

Because my live PAMM account will soon be funded, my primary focus will soon be moving to that account and this one will probably receive much less of my attention so don't be surprised to see the daily, weekly and monthly profit appreciation fall off dramatically.

If you would like a link to my live PAMM account so that you can follow it's progress, please let me know and I will send it to you.

If you have any questions for me regarding my trading methodology, you can ask them here in this discussion or contact me directly by email at [email protected].