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Posts by
Protagor
HAMSTER TURBO
in
Trading Systems
Mar 07, 2019 at 07:41
The real problem are not bad brokers or slippages it is the system itself. Such system are well know and it is only a matter of time when they bow up ( i said it already some week ago https://www.myfxbook.com/community/new-traders/how-find-right-signal/1683052,1 )Eleni was honest, but she also oversold her system. Claiming that there are no dangerous techniques are use is misleading, also that a Stop Loss is used in every situation (according the description on her MT4 page). I think she did not realized the danger.On the other side Metasoft checked the signal and issued repeated warnings like...
How to find the right Signal
in
New Traders
Dec 24, 2018 at 15:11
I do not question the integrity of the signal provider and she is honest about her approach.But in the last week she made of profit = 22.6 pips as a result of 4 trades und used 2.08 lots but the account has only a balance = 650 € or $. Basically low profits, also a low risks but when the risk event comes then it goes nuclear. Even when there are perhaps reserves of 2.500 the lot size of a trade is very high. With such an balance i would never more invest than 0.05 - 0.1 lots. You have also to check yourself if a watchdog is limiting your leverage. Betfair is a sports betting exchange and ...
How to find the right Signal
in
New Traders
Dec 24, 2018 at 11:10
hamster-turbo is also here om MyFxBook and you will find a description of the strategy. But the system does not use a classical money management strategy (Margin-Stop-Out). It is a very interesting gambling system for low funded accounts which uses a big leverage (in Europe and USA not possible) and very high stakes.On the other hand: cTrader provides as sample a Martingale system which yields huge profits: A long backtest (2011 -2017) showed how you can become a millionaire starting with an account of 10.000 €. But it is still a Martingale (Drawdown 90%). There is always a point when you...
What is your trading strategy ?
in
New Traders
Dec 16, 2018 at 09:51
IMO every trading strategy needs a good exit strategy which is often overlooked. My experience shows that a bad exit can damage every trading approach. When you are using Trend following strategies you have very often to manage unclear situations. A basic Stop-Loss helps but a good designed Exit-System can produce many extra pips.
FxPro
in
Experienced Traders
Mar 01, 2017 at 07:29
I have noted also some times these delays but only on MT4. Never noticed them on cTrader. I personally think that cTrader is less expensive (0.9 Pips + 0.4 spread for EURUSD instead of almost 2 pips in MT 4 - also MT5 than MT4). MT5 looks also cheaper than MT4. The real disadvantage of MT5 is that FxPro does not allow hedging (which is now a feature of MT5 when the broker wants it).
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