paulng's Profile | Myfxbook

Dear User,
We noticed that you're using an ad blocker. Myfxbook is a free website and is supported by ads. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings.

Thank you for your understanding!

paulng's profile

	Message
Name: Paul Ng
Bio: Developer of automated trading systems. Day trader for index futures and forex futures. Aspire to set up my own Fund somewhere down the road. Recently developed a new system with multiple strategies, entries and sizing capabilities. Starting live testing phase soon. Details are documented on my blog at http://paul-autotrade.blogspot.com/
Trading Style: Old robot, 12 strategies, only 1 open position at any time. Occasional manual trades when robot misses an entry.
Motto: ""The first rule of forecasting should be that the unforeseen keeps making the future unforeseeable." - David McCasland (January 5,2012, Our Daily Bread)"
Experience:	More than 5 years
Location:
Vouchers:	0
Registered:	Aug 13 2010 at 15:50
Blocked Users:	0

Recent Posts All

In Seeking Forex Investor Apr 22 2012 at 22:26

You look at my account size. I can only afford $10. But you see, I just did a quick calculation. If you double my money every month as you claim, in 24 months, the $10 will be more than $80 million! ...

In Todays a good day to sell some Euros: Apr 22 2012 at 19:51

Hey Raiden, wanna meet? I'm trying to arrange another get-together with 2 other traders, say end-april? I'll message your mobile. Btw, my robot went short on that same day, that's why I r...

In Seeking Forex Investor Apr 22 2012 at 19:43

^ ^ if I every become a ultra high networth, I'll throw in that 100k just to try my luck with you. in the meantime, wish me luck in my journey to profitable trading :)

In Todays a good day to sell some Euros: Apr 18 2012 at 21:57

sounds like your plan is all set, but I'm curious, if today is a good day to sell Euro why don't you just open a short position? by the time the price reaches your blue sell zone, you'll a...

In I am looking for an investor Apr 15 2012 at 18:52

sorry dude, Too risky. Your TP is about 1-5 pips, and your SL is 200 pips. That's a time bomb waiting to explode. In fact, you are holding onto a very large position at risk of blowing up your wh...

Recent Feeds Activities All

In paulng feed Apr 17 2012 at 06:51

Hi, went through your system. You didn't show the trades, but from the trade history, there are too many trades that do not have Stop-loss. It does not take 8 days to profit 15 pips, so that means...

Chart

Systems

Name	Gain	Drawdown	Pips	Trading	Leverage	Type
Balanced Bot 1.0	58.42%	53.98%	343.1	Automated	1:50	Real

paulng's Feed

View All

fxarturo
HELLO I WANT YOUR COMMENT ON TRADE PLIS
http://www.myfxbook.com/members/fxarturo

Apr 16 2012 at 19:22

paulng Hi, went through your system. You didn't show the trades, but from the trade history, there are too many trades that do not have Stop-loss. It does not take 8 days to profit 15 pips, so that means you've been holding onto a BIG loser until it turns into a small profit. That is very bad risk management, where 1 or 2 trades can blow up your whole account. In this view, you are no different from the other guy asking for investors, where I gave negative comments on this track record. If you're asking for my advise, be honest with your performance, show the good and the bad, admit that some trades can go wrong and set a proper risk management for all your trades.
Apr 17 2012 at 06:51

Bank Loan Growth (52 min)

Who’s more competent — men or women? Fin...(9 min ago)

EURUSD	1.1232	GBPUSD	1.25336
USDJPY	107.625	USDCAD	1.30474

Looking to open a Forex account?

Open Live
Open Demo

Tools

Community

Reviews

Brokers

Platform

Support

Twitter | Facebook | Site Map | Terms | Privacy Policy

English

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.