Discussion joiny45

one day i was walking on a street, a thought jumped out in my head while i was looking at the traffic. After that i spend 1 night to design and adjust it, the first test results looked very good. i couldn't believe my eyes ! i never saw any kind of curve like that!

then i test this rules in 20 years historical prices records. it was fine, too!

then i trade it in demo account for at least 1 year. durling this period, the US Financial crisis broken out. most of my other system failed, but this one survival. i suddenly felt that most of my knowlege of trading is nothing! i ever showed the curve to some other people, none of them believe it.

i shall trust what i've done right by my own hands. so i start to use a small account to trade this system. it was still good!

so i finally trade it in this account for real. 18 months past and everyone here can see what happened. 2010 February was -0.99% because it was a new year month in China so i just close the old positions opened in 2009 Jan and didn't trade in Feb. but in my system signals, Feb result was still up to 5%.

this is my story above. 😄

ozkoh, how to enter this market is not important. no matter randomly or not , it will all fine. the most important part is how you exit in the right way. the trading books or education won't tell us this.

thank you , very wonderful & interesting story. 😀as you said, you hold the position from Jan 2009 to Feb 2010, then you must be a long-term trader, one year is a very long period in forex. you said before, some people trade a similar way, maybe they are long-term trader too.

oh , it is my mistake. 2010 Jan to 2010 Feb. just several days really.

most of my trades are short-term. they are usually closed in hours.

public my open trades for a few days 😄

Hey.

Well I still see your open orders as private.

I would guess that you are hedging your trades when market go for the opposite way. As soon as you have enough volatility is in fact a math equation to earn money, always. The problem should com when stuck in a a choppy market and you keep adding positions, special if you do that in an automated way. When that happen (could happen in a year or more... but one day it will) then usually is a blow up.

Dont know if is that way you trade, but it seems.
Anyway congratulations for the profits until now.

hi Jiang,

Normally how many trades do you have at a time?

Thanks
SIM

pip2cash posted:
    hi Jiang,

Normally how many trades do you have at a time?

Thanks
SIM

6 pairs at a time

Hi Jiang,

On open trades how much is your drawdows?
Is it higher than 20%?

Thanks
Artolinho

artolinho posted:
    Hi Jiang,

On open trades how much is your drawdows?
Is it higher than 20%?

Thanks
Artolinho

no more than 10%. can be more or less if i change some condictions. there is no any opening trade right now as you can see.

Jiang,

Are you trading on round numbers or fibonacci?
On statistic you trade at specific time, your system is
for asian market hours?

Thanks

i don't trade on indecators.

my 'specific time' is just because i have some free time at noon. i only trade 5 minutes a day.

If you trade on numbers you look at yesterday high and low to find trend or
it is random to enter a trade?

can be random. if i choose a way to decide the actions, that's fine, too.

Joiny,
Great Job!
Will you set stop loss if you couldn't reach your profit target?

trendless posted:
    Joiny,
Great Job!
Will you set stop loss if you couldn't reach your profit target?

Yes of course.

Hi Joiny,
    Great job!
    Which 6 pairs do you trade?

aihua5 posted:
    Hi Joiny,
    Great job!
    Which 6 pairs do you trade?

can choose any pairs you like.

my pairs can be found in the joiny45 page.

From the trading history, why do you not trade JPY currency such as USDJPY, EURJPY, ...?