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DoubleJayFX trader's profile



Name DoubleJayFX

I started studying Forex trading around April 2017, which was only discovered because of someone else's misfortune. My first book was read during this time, and I was hooked from that moment on. I still enjoy reading and watching YouTube related to Forex. I've come a long way from the beginning, and my view on trading has changed considerably.

My goal is to work for a prop firm, and I'll also be starting a website for those who are looking for more. I believe in transparency, which most out there seem to be lacking.

Trading style:
My current interests are hedging and scalping, and I will be using different strategies that would complement this.

"If somebody offers you an amazing opportunity but you are not sure you can do it, say yes – then learn how to do it later!"- Richard Branson

Experience 1-3 years


Vouchers 0

Registered Jun 24, 2019 at 14:12

Blocked users 0


Systems by DoubleJayFX

Name Gain Drawdown Pips Trading Leverage Type
Forex123 0.17% 0.91% 258.4 Manual 1:50 Demo
JayFXtrade 0.77% 0.50% 12.0 Manual 1:50 Demo
Supermarket FX - Hedge Trial -99.54% 99.84% -534.9 Manual 1:500 Demo
Step 2 - Test 1 -1.48% 1.52% -595.1 Automated 1:100 Demo
Step 2 - Test 2 -1.04% 2.33% -340.5 Automated 1:100 Demo
Step 2 - Test 3 -0.72% 1.17% -320.3 Automated 1:100 Demo
Step 2 - Test 4 -1.09% 1.21% -371.1 Automated 1:100 Demo
Step 2 - Test 5 -1.48% 1.88% -545.9 Automated 1:100 Demo
Step 2 - Test 6 -1.17% 1.32% -503.5 Automated 1:100 Demo
DoubleJayFX Sep 21 at 13:08
Right now, I'm currently running a significant test. My goal is to automate my strategies and remove as much discretion as possible from my trading. My testing is currently 69 Expert Advisors running on 1 MetaTrader. From those EAs, I will be selecting the top performers to use going forward. Everything is connected to myfxbook and FX Blue.
DoubleJayFX Feb 15, 2022 at 23:37
I've currently started a few new strategies that I want you to know about. There are some changes in my strategy pattern, which should be fine. Now, here is a list of my newest strategies:

- Hedging
- Scalping

These 2 methods are showing some promising results. Hedging will be short-term, usually lasting that day or a few days at most. Scalping will usually be no more than a few hours.
DoubleJayFX Dec 15, 2019 at 19:39
Risk management seems to big one of the biggest problems with traders. I would suggest never going over 1% per trade, and using a ratio of 1:2 for Risk/Reward. Following this method will more likely give you a profitable return, or you can choose to gamble your account with heavy drawdowns. The choice is yours, but choose wisely.
DoubleJayFX Aug 09, 2019 at 21:04
I'll be using an appropriate amount of risk to minimize loses, and to avoid large drops in the account. My maximum drawdown target will be 4%. This doesn't leave a lot of flexibility, but I feel is the appropriate action to remove any volatility from the account.