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Wealthbuilder (By forex_trader_274915)
The user has deleted this system.
Wealthbuilder Discussion
Sep 16, 2015 at 11:12
774 Views
12 Replies
forex_trader_274915
Member Since Sep 16, 2015
15 posts
Dec 06, 2015 at 22:01
Hello trader30,
Thank you for your interest...
The strategy seeks out price reversal patterns at extreme turning points identified on 4 hour, Daily and Weekly timeframes.
Entries are then scaled in using the same price action sequence within a smaller timeframe on 30 or 60 minute charts - essentially supporting the trade off the larger timeframe.
Exits are taken when the lower timeframe suggests the move is exhausted. Which often result in prices ranging for a while..
Re entry can be taken so long as the longer timeframe holds the same bias and the shorter timeframe 'realigns' itself to the longer timeframe - i.e. both are in sync.
Thank you for your interest...
The strategy seeks out price reversal patterns at extreme turning points identified on 4 hour, Daily and Weekly timeframes.
Entries are then scaled in using the same price action sequence within a smaller timeframe on 30 or 60 minute charts - essentially supporting the trade off the larger timeframe.
Exits are taken when the lower timeframe suggests the move is exhausted. Which often result in prices ranging for a while..
Re entry can be taken so long as the longer timeframe holds the same bias and the shorter timeframe 'realigns' itself to the longer timeframe - i.e. both are in sync.
forex_trader_274915
Member Since Sep 16, 2015
15 posts
Apr 13, 2016 at 06:35
That's confused me because both MyFXBook and SimpleTrader are linked to the same account so the results should be the same...
In fairness the PAMM model is likely to prove a more stable option for trade execution so far as investors are concerned (all entries and exits identical).
By coincidence I'm meeting the London based ECN this afternoon regarding this.
As a side note I'm on SignalStart...maybe better latency as their servers are fully hosted.
In fairness the PAMM model is likely to prove a more stable option for trade execution so far as investors are concerned (all entries and exits identical).
By coincidence I'm meeting the London based ECN this afternoon regarding this.
As a side note I'm on SignalStart...maybe better latency as their servers are fully hosted.
Member Since Dec 04, 2010
1447 posts
Jun 02, 2016 at 06:12
Can you please unhide your history thanks.
Member Since Nov 23, 2015
2 posts
Jun 05, 2016 at 06:47
Good work FXClarity,
Keep up the consistency and wish you best of luck.
Cheers,
Matt
Keep up the consistency and wish you best of luck.
Cheers,
Matt
PATIENCE PAY$$$
forex_trader_274915
Member Since Sep 16, 2015
15 posts
Jun 06, 2016 at 13:22
Thank you Matt.
Member Since Sep 10, 2013
49 posts
Jul 04, 2016 at 11:08
Hello.
I'm a subscriber of your signal through simpletrader since some time now, so, I'm little bit surprised about what's happened today with usdjpy trades...
1053 pips lost in a day, first time ever from system starting (myfxbook data), maybe this will be your first losing month?
I hope no, for sure, having my funds invested on the line, but also the current open DD on gbpnzd long trades it's a bit worring, on my opinion.
I would love know your comment/thought about all of this, thank you.
Regards,
Fabio
I'm a subscriber of your signal through simpletrader since some time now, so, I'm little bit surprised about what's happened today with usdjpy trades...
1053 pips lost in a day, first time ever from system starting (myfxbook data), maybe this will be your first losing month?
I hope no, for sure, having my funds invested on the line, but also the current open DD on gbpnzd long trades it's a bit worring, on my opinion.
I would love know your comment/thought about all of this, thank you.
Regards,
Fabio
forex_trader_274915
Member Since Sep 16, 2015
15 posts
Jul 04, 2016 at 11:13
Hello Fabio
We had two structural breakdowns on USD JPY and have moved into GBP NZD which has greater profit potential for our set up.
Our drawdown had reached 5% on the basket and we want to remain in GBP NZD so we let the UJ trades go to manage our market risk (our exposure).
We'll lose a battle to win the war and our objective is now to take our basket of GBP NZD trades out to both re balance the loss on the UJ trades (bringing the account back to equity highs) and furthermore bank profits on this set up...Ideally this will take place through July but as always the market will dictate the pace..
It was a lot of pips to lose but the actual % loss was 2.26%...we are confident that can recover that and move forwards.
We had two structural breakdowns on USD JPY and have moved into GBP NZD which has greater profit potential for our set up.
Our drawdown had reached 5% on the basket and we want to remain in GBP NZD so we let the UJ trades go to manage our market risk (our exposure).
We'll lose a battle to win the war and our objective is now to take our basket of GBP NZD trades out to both re balance the loss on the UJ trades (bringing the account back to equity highs) and furthermore bank profits on this set up...Ideally this will take place through July but as always the market will dictate the pace..
It was a lot of pips to lose but the actual % loss was 2.26%...we are confident that can recover that and move forwards.
Member Since Sep 10, 2013
49 posts
Jul 04, 2016 at 12:19
FXClarity posted:
Hello Fabio
We had two structural breakdowns on USD JPY and have moved into GBP NZD which has greater profit potential for our set up.
Our drawdown had reached 5% on the basket and we want to remain in GBP NZD so we let the UJ trades go to manage our market risk (our exposure).
We'll lose a battle to win the war and our objective is now to take our basket of GBP NZD trades out to both re balance the loss on the UJ trades (bringing the account back to equity highs) and furthermore bank profits on this set up...Ideally this will take place through July but as always the market will dictate the pace..
It was a lot of pips to lose but the actual % loss was 2.26%...we are confident that can recover that and move forwards.
Thank you Team for your fast reply,
I really appreciate it.
Your educate, fair and well balanced answer (for the words used and the overall tone), says me that I'm in good hands following your signal, this renforce my trust in you and show me the professional traders you are.
Thank you and all the best for all of us, now go to win this gbpnzd war, get out from the basket and move on for new equity highs!
Regards,
Fabio
Member Since Dec 04, 2010
1447 posts
Jul 28, 2016 at 14:05
what happened to wealth builder?
forex_trader_274915
Member Since Sep 16, 2015
15 posts
Jul 28, 2016 at 17:04
Hi,
Two things:
1. We'd been looking to change broker for some time (explained below)
2. We'd had a lot of interest from potential investors asking if we ran a PAMM or MAM
The solution came in the form of Darwinex; an outstanding broker where we can offer investors the opportunity to join us by investing in a Darwin.
...When you change broker you lose data with MyFXBook as you have to link it to the new MT4 account. If you look back through my previous posts here you'll see I was exploring this months ago.
We'd had a number of issues with our previous broker and discovered there had been a further round of redundancies there recently - that along with a collapsing share price worried us and we voted with our feet !
Two things:
1. We'd been looking to change broker for some time (explained below)
2. We'd had a lot of interest from potential investors asking if we ran a PAMM or MAM
The solution came in the form of Darwinex; an outstanding broker where we can offer investors the opportunity to join us by investing in a Darwin.
...When you change broker you lose data with MyFXBook as you have to link it to the new MT4 account. If you look back through my previous posts here you'll see I was exploring this months ago.
We'd had a number of issues with our previous broker and discovered there had been a further round of redundancies there recently - that along with a collapsing share price worried us and we voted with our feet !
Member Since Dec 04, 2010
1447 posts
Jul 28, 2016 at 23:44
FXClarity posted:cool no worries. All the best. what was your previous broker?
Hi,
Two things:
1. We'd been looking to change broker for some time (explained below)
2. We'd had a lot of interest from potential investors asking if we ran a PAMM or MAM
The solution came in the form of Darwinex; an outstanding broker where we can offer investors the opportunity to join us by investing in a Darwin.
...When you change broker you lose data with MyFXBook as you have to link it to the new MT4 account. If you look back through my previous posts here you'll see I was exploring this months ago.
We'd had a number of issues with our previous broker and discovered there had been a further round of redundancies there recently - that along with a collapsing share price worried us and we voted with our feet !
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