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Posts by Teledav

Channel Trader PRO in Trading Systems Oct 08, 2015 at 06:11
I have been keeping an eye on this system and I initially wasn't convinced and commented on it. After watching some more trades, I am even more convinced this is not for me at all!!!I had to laugh when I read a comment saying, after the first -200 SL recently, it will only take 20-30 trades to recover the losses.ONLY 20-30 TRADES????That is in the realms ridiculous. This system is just a few bad trades away from disaster, taking all your cash. Three or four more of the -200 SL's and you guys are in trouble, if you are not already.A few bad trades should only take the equal number of go...
Channel Trader PRO in Trading Systems Sep 10, 2015 at 06:30
I'm learning how to trade and I have been taught to aim for initially 1:1 as target 1 and then 2:1 risk reward as target 2. Now the EA does not come anywhere near this, SL 200pips with an average win of 11.5 pips and maximum win of just 52 pips.If I have a sL of 200, my risk, I expect to get at least 200 pips in reward So, please can it be confirmed that there could be many trades between 0 to -200 pips drawdown with the ultimate hope of winning just 11.5 pips on average on each trade?This looks a very emotionally stressful way to have trades open, but are you all OK with this?I'm new...
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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