stevewalker - Manual Trading

lenjive posted:
guys, just stopped in to say i love reading your posts/ideas - so many thanks for those!! keep them comming!!

Im "new" to trading, i have only been studying the markets/graphs etc for 1 1/2 years, and i opened a live account in May,

I am manually trading, and automaticaly trading (TomsEA (risky i know..., the month of May proved this when eur/usd slid, i only got out of that hole with a £300 loss due to heavy hedge bets))

at the end of may i shut down the EA, and stopped all manual trading.

Since then ive wiped the slate clean again and started trading again in the month of July. The EA was taken down from 4 pairs to 1 pair EUR/USD to reduce risk/DD

I also started manual trading at the same time as the EA again, and actually its going ok,

July
EA made about £100
i made £1 (yes 1 pound!! actually it was £1.04, still way better than a loss tho!!)

August
EA so far £54
i made so far £284

this is on a 500:1 with £1000 starting capital.

as you can imagine being a new trader, i welcome advise on setups etc, which is why i thought id pop in just to say thanks.

im all closed out for the weekend now, but still tempted to put in a small sell EUR/USD if it breaks below the 1.2530 resistance, in hope it might wander down to 1.2440, who knows!?

stevewalker posted:
instead of trading with

ECN Account
- slippage + Comission + var Spread

it is better to trade with
- 4 digit or fix spread NDD broker

at least you know what will you pay.

walker

stevewalker posted:
trader also need luck!

stop out with 0.1 pip (1/10pip)

Mars30 posted:"ECN Account
- slippage + Comission + var Spread

it is better to trade with
- 4 digit or fix spread NDD broker

at least you know what will you pay."

You are completely right!!! 😎

stevewalker posted:
Thank you for input

Manual/Automated depending on the trader. for me the best is Hybrid(SemiAutomated) Better sides of each.

walker

odyssey posted:

stevewalker posted:
Thank you for input

Manual/Automated depending on the trader. for me the best is Hybrid(SemiAutomated) Better sides of each.

walker

Hello Steve,

I have just started posting on my fx book. I see that you are quite a veteran here. I liked the Warren Buffet sayings that you posted. It's very thought provoking.

Besides, I am delighted to see there are more people like me preferring Hybrid trading ( Semi Automated ) I can say with cofidence that it is the best of both worlds.

stevewalker posted:
another trade this week

this time I was lucky

those 2 trades showed that system is dancing on the edge. I should bring through the center a bit according to the MFE MAE data.

walker

stevewalker posted:
trader also need luck!

stop out with 0.1 pip (1/10pip)