BellaVista507's Posts - Page 11

Is compounding necessary? in New Traders Feb 24, 2013 at 15:32

I havr not compounded and was able to earn 100% this past week.

Is compounding necessary? in New Traders Feb 24, 2013 at 15:31

We're not on the same page, because you've decided to be selective as to the information you reveal. Yet that is expected.Yet for mosst of my entries my pip drawndown is under 10. I did have one trade reach 33 pips yet i experienced a glitch with the ea i used top place an automatic sl. Most important only that trade. Simple compounding would of earsed the entire account. Which is why I dobt recommend it. As for assumtion as to how its calculated. You may be right or wrong. Yet if that was the case. It still should be able to calculate the information even if i held the position for 2 ...

Is compounding necessary? in New Traders Feb 24, 2013 at 14:54

why should you be sorry? You've failed to point out the following things1) Most of my winning positions doesnt reveal the accuracy of the position2) My avg pip drawdown even on losing positions (this month) has been 10 pips3) I also dont trade on avg. As using the compounding method one can have a 95%win percentage and margin call their account.4) fxbook also doesnt display how their accuracy is calculated. is it based on the currencies daily, hourly, or 15 min range. Please don't be swayed by avgs.

Is compounding necessary? in New Traders Feb 24, 2013 at 13:37

My entries are pre-determined by calculating the extreme ends of daily pivots using fibs. I then get 16 possible entries. My larger wagers are on the first and second crosses of those entries. Through out the week those very prices remain the same assuming we have not broken the extreme prices. Very simple. The only things I respect are News releases along with nearing of pivots. In no way do I use higher time frames.

Is compounding necessary? in New Traders Feb 24, 2013 at 13:03

Yet, the difference between my system and everything else seen online is that others don't focus on the entries. I can care less about my tp. I just want to be sure that upon entering. I won't end up 5 pips in red! If I'm able to perfect this form of entry. Then I would say compounding would make sense. Yet, it all goes back to what I said in the prior post. "You must make sure you entry is picture perfect". If it isn't then you will end up hurting yourself then helping yourself.

ScalpForProfit in Trading Systems Feb 24, 2013 at 13:00

Good Morning, To answer your question as to when I determine to use bigger positions. I enter a bigger lot size once the price has reversed over my original entry twice. Please have a look at the highlighted trade. If you were to load your 1m chart. You'll notice that my original entry failed, and once it recrossed it I entered on a pending sell. Which not only was activated, but was followed by a huge price surge down. All of my entries are pre-determined and once the price is touched, I'm then entered into the position. You've also noticed ...

Best Forex Cash Back in Rebate Programs Feb 23, 2013 at 23:08

Yadix is actually the best. If your scalping then rebates is something worth looking forward to. Exness has way to many requotes which is a scalpers nightmare. Most of the people who swing trade use small lots anyway. So not much sense in trading for rebates.

agung 2012 in Strategies Feb 23, 2013 at 13:15

Everything is set to private. I wonder why? You can not make money selling an EA, then you can actually trading it yourself. I guess which is the reason why you've made your transactions private. None the less, I've out preformed you this month easily! No EA... Your trading in a one sided market. Would love to see how well you do in a 200 pip range market. I will almost bet you will have no % change at all.

Use of martingale strategy in Experienced Traders Feb 23, 2013 at 13:11

What a classic pessimistic response. Now he wants to generalize every ones profit or loss.

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 21:00

I understand what your saying. Have you tried maybe using your entry based on daily pivots/ medians? You will be shocked to see that all trend reversals (resulting in 300+ pips) result from a bounce off a pivot. Take a look at yesterdays drop in eur/jpy. It happened off a pivot. The very good thing about pivots is that when the price accumulates at a pivot. You can almost tell where it will go next based on the formation at the pivot. Use those indicators and change the hour to LONDON time. It will back test the last 15 trading days. Look at how the price (on 1m) either bounces or accumulates...

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 20:24

Well ppentz what is your avg drawdown pip wise while trying to catch the reversal? As for my system, If I could simply have a martingale ea which I can trust. I WOULD go from negative pips profit which resulted in 100% profit on the week. To maybe 250 pips profit on the week which would have this account over 1000% on the week while never using more then 40% equity.

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 19:22

That is the question. Yet for me I believe I have found a very good way to identify it on the 1m time frame. So much so I can even get the tp if I wanted to. Yet I have been scalping so long that I jump on the 5-15 pips profit in 3 mins as soon as I get it. Although I could earn 2x as much if I held 15 mins longer.

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 19:20

Hello Ppentz, Yes I am referring to that system. I have only been able to use martingale on about 3% of my total trades for the week. As I tried a reverse script, and it didn't work to well for me. Then of course when you do it Manually you have to be very fast on the trigger and not hesitate. Which is something I do most of the times. If I don't catch it on the actual reversal I'll wait for the next one. Yet, for me it literally comes down to ONE CANDLE. There is one candle which changes the trend, It is that candle which I am in research for. Most time I'm able to make 5- 10 ...

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 18:35

Yet, in forex a REVERSAL is ALWAYS DUE. Even on a 200 pip spike, you will get a reversal. Even if it is of 10 pips. So please don't use the " red,black,evens, odds is due and compare it to forex. In forex you ALWAYS HAVE A PULLBACK! Stop being so pessimistic.

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 18:32

Please check my system. I don't experience more then 4 losses in a row. Lets not speak in theory. Let us speak in fact. All thought this thread isn't about my system. The fact is that martingale DOES WORK, as it counters a losing trend! It boils down to the system which you use. As in the sense. If you have an entry and a stop loss of 200 pips. Once you stop loss you then enter a larger position. That to me is a roulette trade. As your basing your second order on OLD information. On trading bias. Instead of price action or any other important factor us scalpers use.

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 18:03

It seems as if your using "TIME" as an excuse to let your losing position ride! Please check my trades. I've WON! since I've opened that account. This week along up 100%... As long as the market doesn't stay flat, one will be able to take advantage of the price action. I don't understand how "planning" and "preforming" are considered "one". You can "PLAN" to have a child, and it never happen. Forex is exactly the same. To preform partakes things which the avg joe can not study online. 95% of the losers in forex think exactly as...

Daily % change winners in Suggestion Box Feb 22, 2013 at 17:49

How about we make a section where we can see the to scalpers. Yet, everything has to be made public. As far as positions, lot size etc. I think with this we can weed out the "back log" manipulators and find out who truly is a guru.

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 17:46

NOT EVEN THE BIG BANKS are successful in the long haul. We can't think long haul. To many things will happen which will effect the prices and the daily trading ranges. The best traders in the world make money over night. Not by holding a position for 5 years.

Use of martingale strategy in Experienced Traders Feb 22, 2013 at 17:40

Very well said. The actual "system" is the key here. Using my method. I have not experienced more then 4 consecutive losses. My first order is usually 1 dollar, second is 3 or 7 and the third is 30 dollars a point. It isn't so much scaling up after every loss. Its the fact that my entries are very specific. Every time the price closes against my entry, even if it is a 1 pip loss. I close and go the opposite direction. People fail to realize that certain prices (on lower tf) are not accumulation prices. If you can figure out those prices. You should be able to pull off 100% weeks ...

Way To Win Scalper in Strategies Feb 22, 2013 at 15:59

Think about it guys. If an EA is good. Why would you sell it? They are better off opening a PAMM account and having you be his client. An ea that actually works should have less then a 20 pip drawdown from entry. Any ea can work when your using 1% of your total equity.

EURUSD	1.0858	GBPUSD	1.27123	AUDUSD	0.66577
USDJPY	156.202	USDCAD	1.36314	USDCHF	0.9098

Posts by BellaVista507