Splexin's Posts - Page 10

$25 to $25k in 10 days in Trading Systems May 04, 2011 at 05:30

Ah well at least you learn from mistakes right? You've never made it this far before.Yeah impatience is a killer, especially when you watch the charts all the time. I pulled the trigger about 10 minutes too soon on the trade before last and missed out on a good 20 pips.Last week I blew 25% of my account by a pure stupid mistake in sizing, BUT I am happy to report I have recovered all but 7% of that loss and right now am in a positive position.

$25 to $25k in 10 days in Trading Systems May 03, 2011 at 07:25

Wow......$25 to $800 already.....what's the farthest you've made it before? Have you ever considered taking $25 out, say when you reach $XXX so you could use it again if you fail? Then you would almost have infinite tries and wouldn't be losing your own $25 every time.

$25 to $25k in 10 days in Trading Systems May 02, 2011 at 03:16

They changed the way to verify, see http://blog.myfxbook.com/Excellent trade #4....wow up to $400!

$25 to $25k in 10 days in Trading Systems May 02, 2011 at 02:36

Hey great so far! Even $25 to $200 that quick is good in my book.Any reason Track Record etc is not verified??

CENTS vs REAL in General Apr 29, 2011 at 02:50

Don't plan on staying in this discussion, just pointing some things out--Oanda now accepts credit cards but does not charge fees, or at least not on deposits.I also saw your criticism of Victor and though I haven't been following him for very long I can vouch that he didn't hide bad trades. In fact his last 2 trades were ~$500 each losers.I never use or even trust fund managers. I sometimes like to think of myself managing a million-dollar fund one day, but don't think I could handle the emotional distress of possibly losing someone else's money, no matter how mechanical my...

Forex brokers and living in the US in General Apr 22, 2011 at 22:33

I've used Oanda since I started trading. Great spreads for the most part. I made a buku on their price options, which is only on the FXTrade platform. But no hedging allowed and leverage is restricted to 50:1 🙃

Need EA coded for the community in Programming Apr 22, 2011 at 21:22

I actually hesitated in saying "former bank trader" because all the systems seem to come from "former bank traders," when we ALL know that's a bunch of baloney. I got the system by word of mouth offline, that's the whole story. So I don't know who or what or where exactly it came from. I know it hasn't been shared here already though.I had Sean as part of my username but then just decided to keep it all Splexin. Sounds cooler 😄Lenka almost looks/sounds like Katy Perry 😁

Need EA coded for the community in Programming Apr 22, 2011 at 20:43

I got the figure from someone who has actually traded the system live. The system came from a former bank trader, and as far as I know you can't find it online anywhere (?).

Need EA coded for the community in Programming Apr 22, 2011 at 20:28

Yes, that's right. I already said it had been coded and tested unprofitable. 😁

Need EA coded for the community in Programming Apr 22, 2011 at 19:57

😁Well, the position sizing should be set according to your own money management rules. But a good risk/reward rule for this system is to only trade ten times your account balance (balance, not equity).So if you have a $10,000 account then you would trade 1 lot on every trade, $20,000 then 2 lots, etc. For experimentation and testing purposes it's good to start out with 0.10 position sizes just to get an idea of how it works.It is designed to be used on the EUR/USD, GBP/USD, USD/JPY, and AUD/USD, in that order. Have only tried it thoroughly on the Euro.

Need EA coded for the community in Programming Apr 22, 2011 at 19:41

Only one coder worked on it. At first it was horrible but improved when we made "one trade/day or none" rule. We discussed grouping the profitable trades to see if they would correspond with a RSI or Stochastic etcYes, the system is designed to be traded manually, I was just curious how it would perform as an EA.Basically you spend 10-15 minutes a day max looking at charts, then either place limit order or stay out for the day.Number of winners and losers are "supposed" to be 50/50, with the size of winners larger. Huge gains are not a priority of this system. It's gene...

Need EA coded for the community in Programming Apr 22, 2011 at 18:43

See attached example I wrote out for the coder. Excuse the messy writing, I was using my mouse.😀As you can see, an order would not have been placed "today" because it did not retrace to our entry price. Had it hit our price, the TP would've been 107 pips since that is the ATR and it takes precedence over the SL x 2 rule, which would've made the TP 120 pips. Had we hit our entry price we would've also hit our TP for the day....107+ pips!

Need EA coded for the community in Programming Apr 22, 2011 at 18:39

Every thread needs humor 😁OK. Here are the rules:LONG- previous candle close > 50-SMA. Entry point <=61.8% Fibonacci level of previous candle. Stop loss = 25.0% Fibonacci level of previous candle. Take profit = lesser of SL x 2 or 5-period ATR.SHORT- previous candle close < 50-SMA. Entry point >=25.0% Fibonacci level of previous candle. Stop loss = 61.8% Fibonacci level of previous candle. Take profit = lesser of SL x 2 or 5-period ATR.Only one trade (or none at all) per day allowed, regardless of win or lose. If previous candle is bearish in a bullish zone (above 50 SMA), ...

Need EA coded for the community in Programming Apr 22, 2011 at 17:04

Sounds like you have a pessimism complex. Hate to rain on your parade but yes it has.I went ahead and attached the working version for you to see for yourself. Trades on Daily Chart and tested on EUR/USD.

Need EA coded for the community in Programming Apr 21, 2011 at 23:26

Member as in you and anyone else on this site.It has already been coded and tested as unprofitable. Has low maximum drawdown (<10%) but still only rakes in a $2,000 on a $10,000 account over the span of a year or longer. We are continuing testing to see if we can increase profitability, i.e. grouping profitable trades to see if we can align them to another condition.

$200 to $1,000,00?0 in New Traders Apr 19, 2011 at 02:19

Ah, I was mistaken in saying 200 pips minimum for each trade. I didn't realize you would be trading 500:1 leverage (which is dangerous in itself!). Here in the U.S. we are restricted by law to maximum 50:1 leverage, anything over that and you have to go with an offshore broker.So the "game plan" would go something like this--#|Lots| Pips |Profit| Balance 1 | 0.1 | 25 | $25 | $50 2 | 0.2 | 25 | $50 | $100 3 | 0.4 | 25 | $100 | $200 4 | 0.8 | 25 | $200 | $400 5 | 1.6 | 25 | $400 | $800 6 | 3.2 ...

$200 to $1,000,00?0 in New Traders Apr 18, 2011 at 07:22

In order to achieve this you would need to buy max size on every trade (which is way too much risk, margin calls will come frequently), as well as achieving minimum 200 pips profit on each trade also. Sounds feasible at first until you calculate the probability of 11-12 winners in a row. The guy above me did the math....maybe you should recruit 16,777,216 people to join you? Every person contributes a dollar and whomever achieves $50,000 in 12 trades gets the pot :)And in only 12 days? I think you would have a better chance winning lottery scratch-offs from the local gas station.P.S. Shouldn&#...

psycological difference between trading demo and real in New Traders Apr 16, 2011 at 23:42

You're not alone....when I started out in forex I drove a $1200 account into the ground.I glanced over your trade history and the first problem is that many trades lacked a SL....rule #1: never trade without a stop-loss. In addition, you don't want your SL to be too close nor too far away.Secondly, your position sizes are inconsistent. A good money management rule is to only trade ten times your account size in lots. So if your account is $2000 then you trade 20,000 size positions.You are making too many small trades.....a couple pips of profit for each trade is honestly a waste of tim...

Need EA coded for the community in Programming Apr 16, 2011 at 20:27

I have a system that needs to be converted to an EA. I cannot program MQL and have tried Expert Advisor Builders but none have the ability to code the SLs and TPs like the system needs. Probably the most complex part of the EA is the SLs and TPs.Overall though, it is quite simple and the rules for conditions, entries, and exits can be described in less than 3 lines.I cannot afford to pay a programmer, so I am asking any coders in the community to volunteer. The EA is to be made available for FREE to all members. I think the system is interesting and worthy of an EA. Personally, I am not a &quo...

$200 to $1,000,00?0 in New Traders Apr 16, 2011 at 03:43

Quite frankly, $200 is under-capitalization. I haven't quite calculated the "sweet spot minimum" yet, but so far my estimates point to $10,000. With $10,000 you can make minimum $2,000 a month profit without much risk. Starting with $5000 is OK but $1000 or less is difficult to manage properly and GROW QUICKLY. And if you start with $100,000...well, you can become a millionaire in roughly 3 months without breaking a sweat, as long as you trade smart. It's all exponential. I turned $50,000 into over $14 million in very short time.P.S. There is an Asian trader who turned $1600 ...

All Quotes
AUDUSD	0.65288	USDCHF	0.9138
EURJPY	168.56	EURCHF	0.9772
EURGBP	0.85658	GBPJPY	196.793
EURUSD	1.06926	GBPUSD	1.24824
USDJPY	157.655	USDCAD	1.36728

EURUSD	1.06926	GBPUSD	1.24824
USDJPY	157.655	USDCAD	1.36728

Posts by forex_trader_33781