MrPatient's Posts

Signals Trading in Signal Providers Jan 02, 2014 at 13:42

@LifestyleGroupTh Agreed, If it's not on Myfxbook then its of little importance.

Again PEPPERSONE is cheating in Experienced Traders Dec 20, 2013 at 13:21

@Thalantas Keep in mind your paying twice the commissions then (if trading ECN) as well as double spread.The spread will still widen as well on the one you close, even with a SL (unless its a small lot size/ your lucky).Not saying it couldn't work, The Ideas got some merit to it.Regards,Price Action Trader - 2% weekly returnMr Patient

Hi, this is my strategy. in Experienced Traders Dec 20, 2013 at 12:48

@prototok Your English it's good! Hardest language in the world to learn in my opinion :pYour trading system looks great, the DD is modest, but might be too high for some conservative signal followers.Also your average pip win is quite low, this may cause issues for signal followers with slow broker connections/ latency issues.Of course this doesn't make a difference if your trading or yourself.Well done on your success so far and keep up the good work! :)Regards,Price Action Trader - 2% weekly returnMr Patient

Is forex gambling? in Experienced Traders Dec 20, 2013 at 12:41

@FxMasterGuru Cool picture of the blind people with the elephant, a very succinct analogy. :)I agree though, 47% is a massive drawdown, most serious investors wont touch an account with more than 10% DD.A consistent, reliable strategy with a low DD will always attract more investors of all kinds than a volatile account with massive DD's, even if the latter produces a better overall return.Regards,Price Action Trader - 2% weekly returnMr Patient

Again PEPPERSONE is cheating in Experienced Traders Dec 20, 2013 at 12:31

@adrian8891 I agree with @CrazyTrader , I use Pepperstone with my "Consistent Forex Growth Strategy" andhavn't had any issues with slippage. In fact they are the tightest MT4 broker I have ever used.If your trading news you need to learn to deal with the slippage both slightly before and after the news event. Have you tried not trading the news perhaps? maybe something like Price Action (which is what I use) would yeild better results.Not trolling, wish you the best of luck with your trades, whatever style they are.Regards,Mr Patient

MBTrading quotes and fills , what a mess today during Fed # 12/18/2013 in General Dec 20, 2013 at 12:25

@MoneyCode Hi Money, Just wanted to leave my 2 cents. I use an ECN 'Razor' account on MT4 with Pepperstone as my broker.Been using them for a little while now with my current Price Action strategy and have not had any issues.They are definitely worth a look if your trying out different brokers.Regards,Mr Patient

Signals Trading in Signal Providers Dec 20, 2013 at 11:59

@Thalantas Agreed, I wish if they were going to pull this with TWO separate fake profiles they would at least put a bit of effort in to make it at least LOOK legit. It's like they don't realise how dodgy that '1 post' looks in the top right hand corner. Regards,Mr Patient

Is it easy to make 100% monthly profit for any size of account balance? in Experienced Traders Dec 20, 2013 at 11:53

@RichardRIch Hi Richard,Please use the @ symbol to address particular comments to people in future.I understand that you have an 'alternative' fundamental style of trading, but a 90% drawdown is a 90% drawdown.Attacking someone else who points out that fact doesn't change what it is.If you are that touchy about people commenting on your large DD, I would recommend you make your system more private. Otherwise you are just going to have to put up with people calling you out on the large DD.As @takechance said, if you are looking for Investors/ signal followers for your rather... '...

PLEASE ALLOW DEMO TRADERS IN AUTO TRADE. in Suggestion Box Dec 20, 2013 at 05:46

@paradisefx Please don't type in all caps, it actually hurts to read :)Myfxbook is set up there Forex signal providing service as a professional, trustworthy place to search for Forex strategies.They have deliberately NOT included DEMO traders in Autotrade as this undermines there philosophy behind the setup of Autotrade and does little to separate them from other similar Signal Providing websites.Part of the problem with allowing Demo account is that it is relatively easy to circumvent the signal provider rules to create unrealistic and unattainable strategies. For example, even though i...

% of Account Risked in Suggestion Box Dec 20, 2013 at 05:31

@joelbabe4 While I wouldn't necessarily use this regularly as there enough overlapping analytics available, it would definitely be a handy feature to have.

commissions in Suggestion Box Dec 20, 2013 at 05:29

@mrmedia Agreed, but your right, they may have kept it out to keep everything looking sleek and sexy. :)

I want daily cumulative pips! in Suggestion Box Dec 20, 2013 at 05:28

@Vitautas Agree with Crazytrader, 'Custom Analysis' should provide with all the analytics you need that arent provided by the basic analysis.

Contest scoring in Suggestion Box Dec 20, 2013 at 05:26

@68jules they may have set it up like that to keep too many small accounts out of the contests.

Monthly gains/loss in Suggestion Box Dec 20, 2013 at 05:23

@ahuruglica I would have to respectively disagree with you there.Myfxbook is already extremely transparent, the wealth of information it provides you on each strategy already allows you separate traders that keep losses from ones that don't. Within a few minutes I can look at any strategy and check it for obvious warning flags that would make it unsuitable or at least warrant further investigation, thanks entirely to the transparent nature of myfxbook analytics.While I do admit you have a point, newbie traders may not understand or bother to check the statistics on the trade and see what t...

How about a Chatroom? in Suggestion Box Dec 20, 2013 at 05:13

@Thalantas That would be a neat feature to add. It works well with outlook, facebook messenger etc.. It makes sense to integrate it into myfxbook.

Why would you want to irritate your patrons in Suggestion Box Dec 20, 2013 at 05:11

@ForexAssistant I'm a avid user of the myfxbook site for the COT, liquidity and economic data sections the provide. Really happy with the easy interface and stability of the pages. I havent come across any of these ads that you mention though, never once have any sound ads been on the website, not sure whether its just infrequent or highly targeted marketing :SI will admit though that the pop-up ads that take up the whole screen are INFURIATING. I get that they focus your attention and that you guys need to earn a living on the site, but I should be allowed to ignore ads If I want. Forcing...

Myfxbook Autotrade in General Dec 20, 2013 at 05:01

@beren Agreed, I would like to see a forum like this to discuss the pros and cons of each trade system and everyone else's experiences.I think even for experienced Forex traders, picking winning signal providers can be daunting as it requires a very different skill set.A dedicated forum could provide both Myfxbook newcomers and experienced traders with a fresh look a the wealth of information that Myfxbook provides on each signal providers strategies, from a fellow trader who has 'been there, done that'. Hopefully more Forex traders will not only be able to find a good system, but ...

Seem's no one can make Fx work long term... in General Dec 20, 2013 at 04:49

@c3po Agreed, but I think there size, as well as their size and management style had a big impact as well.When finance companies like FX Concepts and Investment Banks such as Bear Stearns are created and ruled by larger than life Executives, things eventually go to hell when they refuse to change and adapt.That's why companies such as JP Morgan and Bridgewater succeed, they allow room for new talent and understand the importance of 24/7 compliance. :)Happy trading guys

Seem's no one can make Fx work long term... in General Dec 20, 2013 at 04:44

@Professor53 Couldn't agree with you more Professor.It took me 3 years of trading to come to that conclusion as well.That's why my system goals are only 2% per week gain, which is a reasonable and achievable amount :)

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Posts by MrPatient