Dec 17 2015 at 19:59
@ kieran
@ FXtrader2010
What if I told you guys that a system like that really exists:
Automated and trading 25 pairs at any given time. So it's always in action, no stop.
It's no grid or martingale and uses no indicators either. It just doesn't care for the market conditions or the market makers.
It enters at the first tick in regardless where the game is standing and gets out when in profit.
No need for a good entry or SL. It just jumps in.
The secret is trade management.
I'm just testing it for technical issues now and it will be on a real account in January 2016.
It's not for sale by the way. I'll be showing it for a day or two and then will remove the link from viewing. I just couldn't help myself and stay out of your discussion. Just that. Sorry for the inconvenience.
I know this is just a demo and it's too early to talk but the intention is to show you that a system like that works. I'll be back in one year from now to report the results on the real account.
I Wish you all success!
@ FXtrader2010
What if I told you guys that a system like that really exists:
Automated and trading 25 pairs at any given time. So it's always in action, no stop.
It's no grid or martingale and uses no indicators either. It just doesn't care for the market conditions or the market makers.
It enters at the first tick in regardless where the game is standing and gets out when in profit.
No need for a good entry or SL. It just jumps in.
The secret is trade management.
I'm just testing it for technical issues now and it will be on a real account in January 2016.
It's not for sale by the way. I'll be showing it for a day or two and then will remove the link from viewing. I just couldn't help myself and stay out of your discussion. Just that. Sorry for the inconvenience.
I know this is just a demo and it's too early to talk but the intention is to show you that a system like that works. I'll be back in one year from now to report the results on the real account.
I Wish you all success!
Dec 17 2015 at 20:13
SaltyWaters posted:im gunna report you for spam.
@ kieran
@ FXtrader2010
What if I told you guys that a system like that really exists:
Automated and trading 25 pairs at any given time. So it's always in action, no stop.
It's no grid or martingale and uses no indicators either. It just doesn't care for the market or the market makers.
It enters at the first tick in regardless where the game is standing and gets out when in profit.
No need for a good entry or SL. It just jumps in.
The secret is trade management.
I'm just testing it for technical issues now and it will be on a real account in January 2016.
It's not for sale by the way. I'll be showing it for a day or two and then will remove the link from viewing. I just couldn't help myself and stay out of your discussion. Just that. Sorry for the inconvenience.
I know this is just a demo and it's too early to talk but the intention is to show you that a system like that works. I'll be back in one year from now to report the results on the real account.
I Wish you all success!
Dec 18 2015 at 09:34
Try to avoid trading during high-impact news, learn from your mistakes and don't open new positions because you're bored or you don't have the patience to wait for a good entry point. It took me a while to learn these simple truths.
I know this system. Its hedging constantly. I use a similar system but you have to watch out for the spreads and lot size calculations and when then market is ranging, the DD will increase exponentially.
Dec 18 2015 at 09:35
is it binary option trading
What i have learned in trading over the years is that i lose exponentially on News (especially because of wide spreads / Admiral Markets). I stopped trading any news around 6 month ago and it worked very well. Sometimes trading less is already a big help. Additionally i am trying to get rid of overtrading. Very often i made the mistake to keep trading on days where i suffered big losses and i couldn't accept to finish a day with a significant loss. These days a follow my plan to stick to a max. Loss per day of 1%. If this is reached i stop. Is there somebody with similar experiences and thoughts?
@janettte Pretty sure most veteran trade feels the same. To be able to minimize losses and restrict the feeling to fight against the market is key in being a good trader.
Strive to archive more.
Dec 29 2015 at 13:33
janettte posted:
What i have learned in trading over the years is that i lose exponentially on News (especially because of wide spreads / Admiral Markets). I stopped trading any news around 6 month ago and it worked very well. Sometimes trading less is already a big help. Additionally i am trying to get rid of overtrading. Very often i made the mistake to keep trading on days where i suffered big losses and i couldn't accept to finish a day with a significant loss. These days a follow my plan to stick to a max. Loss per day of 1%. If this is reached i stop. Is there somebody with similar experiences and thoughts?
Trading the news is highly risky,I trade up to the news and close out before the numbers are released,or I wait for 10 mins after until it develops a trend.knowing when not to trade is what professional traders do all the time,one other way you can trade the news is put on a buy and sell order on the same trade,close out one order depending on direction,I only trade when I see I can make at least 20 points,chasing the market is a fools game.80% of the time professional traders are doing research looking at charts and news or on the phone to clients.When I went to work in London I was really surprised how little traders actually trade.One thing though it's completely different in a prop house,extremely difficult to profit because your trading every move.
"They mistook leverage with genius".
Dec 30 2015 at 15:31
kmartyn posted:
Like most traders I entered the Forex world with piss and vinegar hoping to cash in on quick profits. THIS IS NOT THE CASE.
After 2 blown accounts and a blow to my ego, I sat back and reevaluated my trades. Turns out I was doing a few things wrong.
1. Over leveraged. I know the appeal of trading 1:500 or even 1:1000, but DON'T do it. You will blow you account. My max now is 1:100 and that carries a significant amount of risk.
2. Money management. Do not risk more than 1% of your account. Some say 2% is fine, but 1% is better. set your stop losses at 2% of capital.
3. Worry about entries less and focus on how you're going to exit the trade that makes the most sense. Once you're in the market manage that position.
I hope this helps someone, please feel free to comment.
I agree with the 2nd point, risking only a certain percentage of your account (1%) might lead you to slow profits but at least you avoid blowing your account.
Dec 30 2015 at 19:05
1:100 is fine for starting off,as you get confident that your edge works you can increase leverage.Setting your stop loss at 2% of capital is 2% risk not 1%.Entry point is very important,otherwise you will be moving your stop loss more than 2%,this is because you have to allow for pull backs and spikes .Professional trading is based on how good you are at capturing the full move not half of it.No one is going to get their entry 100% right all the time,but with practice you will get pretty close.
"They mistook leverage with genius".
