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UltraForexDotCom trader's profile



Name Mike

I have being constantly trading for 6 years to craft out a trading strategy and system that has a high winning probability, high profit expectancy, able to follow trend and great risk management characteristics.

Never have I spent so much time on a skill/hobby/trade that takes me SO LONG to learn. Only recently am I confident that I have ironed out 90% of the/my flaws. to start profiting over a long-term basis.

The key to my trading personality is the LESS I trade or watch the charts, the MORE I prosper. What is yours? :)

Tried scalping but it is just too tired for me. Prefer Daily swing trading. You can capture most of the profits from the big boys with minimum work. As such, I am either LONG or SHORT the currency unless I am confused.

Trading style:
I called it my "SpiderWeb" trading system. Using this system, you do not chase prices. You mark out "Spiderwebs" from Daily, Weekly and Monthly Charts. Then you wait like a spider for the preys to come into your "Spiderwebs".

Stoploss is immediately keyed in with every trade. I only risk 1-3 daily bars max in exchange for unlimited bars as long the trend permits. Stoploss is usually less than 100 pips.

Profit is usually great when Monthly, Weekly and Daily are aligned together. My trades could take weeks to close if everything aligned properly.

I am using a Pyramid Position Entry system.

My total risk% for all positions is always at 5%. Once their stoploss is at Breakeven, the risk% will be resetted to 0% which then I can continue open new positions.

The risk is at 0.25% - 2% for every currency. I usually prefer 0.25% for up to 20 currencies.

I am watching 20 currencies everyday.

The less I trade the better for me.....

Experience More than 5 years


Vouchers 0

Registered Jun 21 2012 at 02:49

Blocked users 0


Systems by UltraForexDotCom

Name Gain Drawdown Pips Trading Leverage Type
Contest - UltraForexDotCom -4.35% 86.44% 502.5 Manual 1:200 Demo
Contest - UltraForexDotCom -28.09% 32.25% -74.7 - 1:400 Demo
Contest - UltraForexDotCom 16.23% 78.50% 1108.0 - 1:200 Demo
Contest - UltraForexDotCom 0.00% 0.00% 0.0 - 1:200 Demo
Contest - UltraForexDotCom -97.15% 99.51% 1159.2 - 1:100 Demo
Contest - UltraForexDotCom -77.85% 86.12% -168.0 - 1:200 Demo
Contest - UltraForexDotCom -98.22% 98.41% 13526.8 - 1:200 Real
Contest - UltraForexDotCom -77.82% 85.99% -3363.9 - 1:200 Demo
Contest - UltraForexDotCom -88.38% 88.38% -615.0 - 1:100 Demo
Contest - UltraForexDotCom -99.83% 99.92% -343.3 - 1:500 Demo
Contest - UltraForexDotCom -43.03% 59.84% 5802.6 - 1:100 Demo
watchme Oct 06 2015 at 14:59
Gd luck Mike
Blue Marlin
Blue Marlin May 12 2015 at 05:26
You should use stop loss.
Mike Jan 24 2013 at 11:42
Hi aremu, I am using purely Trendline and PA. Watch out for my charts k? Kinda hard to explain in words. I am syncing my account with myfxbook in a few days time...
aremu7 Jan 24 2013 at 11:01
hallo, ultra how do you determine entry point,l am aremu7

UltraForexDotCom's Published charts

Jan 24 2013 at 08:48
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