leo23's Posts - Page 30

Can't Look Away From My Trades in General Nov 03, 2017 at 14:00

If you can't look away from your open trades then in my opinion there can be any one of the 3 reasons:1.You are trading just because you love to trade and make money in each and every trade, but you don't have a trading plan for entry and exit .It is dangerous for live account trading2.Or your trading plan requires you to monitor the trades to check the trade exit conditions.In this case, you need to monitor.3.Or you are trying to learn,experience and develop new trading systems by watching the candlesticks.This is the learning phase which can be used during demo trading.

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Nov 02, 2017 at 15:58

BTC price has reached my 7K target and rapidly approaching towards my next target 8K. While writing the post the BTC price is around 7300 USD per BTC.

Febonacci Forex Robot V 2.5.2 in Trading Systems Nov 02, 2017 at 15:58

Few programming updates for existing EA users:-----------------------------------------------------------------1.Additional programming has been done in the EA to automatically adjust with prefix and postfix of currency pairs 2.Few bugs related to 4 digit and 5 digit broker distinction have been fixed3.Code has been optimised further to adjust with the latest mt4 version

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Nov 02, 2017 at 07:24

BTC price was about to hit my next target 7K per BTC. I congratulate all who hold BTC.I projected the price as 6K,7K,8K in this thread when the price reached 3K before around a month or more. As I mentioned it before in this thread I hope at least the BTC price to be 8K by end of this year. Next, big targets next year....

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Oct 31, 2017 at 15:57

Cryptcurrency has become popular because of the one reason and that is it can't be regulated by any government. So every now and then, many authorities and governments can try to regulate which may have temporary effect on market, but no effect in long run. But regulation of crypto exchanges may bring trust for crypto users and in return more and more users can trust to use cryptocurrencies instead of regular fiat currencies.

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 31, 2017 at 15:57

@Shoukat @rick97 @zoushanjun Thank you for your interest. We will update here once the system is available in signalstart.

Which trade to enter when there's more than one opportunity at the same time? in New Traders Oct 30, 2017 at 07:36

The answer is simple.If you are trading manually and you are 100% sure about the profitability of your system and there is a trade set up in each currency pair and you have a money management plan intact along with your trading system, then such a question doesn't arise. You have to enter every trade which meets the trade entry condition. But again if you follow a thumb rule not to enter more than one trade at a time, then that depends on your past experience and backtesting which should tell you which trade to enter with maximum probability of success.

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 30, 2017 at 07:36

For all the myfxbook users who have showed interest in our system to subscribe to signalstart we would like to update that we have started trading in a new live account of Forex4you broker with the same system from this week. But we have not added this to myfxbook or signalstart yet.Very soon we may start trading in another account with IC markets brokers and few more brokers. Then, we will choose which broker account to make available in signalstart. This is important because we need to increase the pip expectancy and trade duration of our system in order to make it profitable for all followe...

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Oct 29, 2017 at 15:15

What you are calling as reliability that can be called as profit potential or trading opportunity. Cryptotrading is not like forex trading expecting for 0.1% or 0.2% market movement on daily basis. In fact, in cryptos it is possible for the crypto to make a movement of 20% to 50% in a single day. Apart from that if someone picks up the right price deeps, then it is very easy to double the money once in every month which is almost impossible for a forex trader. But cryptotrading is not suitable for margin trading or day trading. It can be highly profitable with exchange trading.

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 29, 2017 at 15:14

Updates for EA users:-------------------------------These are few settings update for our EA users.1.All our EA users can now use the EA in as many pairs as they want since the markets are suitable for our system.2.The timeframe currently we are using is H1.3.StopLoss is used as 15 pips and takeprofit is used as 50 Pips.4.Trailing stop is set as zero so that either the stoploss or the takeprofit will be directly hit.

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 27, 2017 at 12:06

We have already responded to similar comments multiple times in this thread. Refer to the previous comments in the thread.This particular account will not be verified.

Brokers MT4 to CryptoCurrency Trading in General Oct 27, 2017 at 10:14

I will never recommend any forex broker for cryptotrading. Because for cryptotrading there are crypto exchanges who are much better in providing best trading conditions suitable for cryptotrading and no forex broker can match cryptoexchanges.Forex brokers are for forex trading and crytoexchanges are for cryptotrading.

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 27, 2017 at 10:14

We need at least 50 interested users ready to subscribe to our signal as soon as we make it available in signal start. Long back we started the signal and no one noticed it and we closed it immediately after few days and hence, we don't want to repeat this again.Hence, we are asking all the myfxbook users who are interested to subscribe to our signal to make a comment in this thread so that we keep a record of it. Once it is 50, we will make it available in signalstart and update in this thread.Currently, we have around 10 interested users and we need approximately 40 users more to make it...

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 26, 2017 at 14:15

Users Update:-------------------One of the users with name "GODWIN..." and email "[email protected]" contacted us before 2 days, but all our email replies are getting bounced off and not reaching the recipient email address may be due to some technical reason from our end or from the sender's end.Since we don't have any other way to contact to the user and hence, we are making this comment to inform him to contact us from a different email in case he has not received a reply from us. But if you are interested to subscribe to this system, then you can just make a commen...

Importance of demo trading in New Traders Oct 26, 2017 at 14:15

Demo trading is important, but at the same time the trader must be trading the demo account strictly following the rules of his strategy considering it as if it is a live account.If a trader simply trades randomly just to make himself familiar with the trading platform, then it is okay. But if he just trades randomly in a demo account and makes profit in demo and thinks he can duplicate the same results in live, then definitely results will vary a lot between demo and live.

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Oct 26, 2017 at 06:27

ETH is also a good opportunity to invest. But BTC will be my first priority in terms of long term investment since BTC price is expected to rise at least 10 times in between few months to 1 to 2 years. Of course, ETH will be the second option if you can't afford the high price of BTC now and next, comes EOS and IOTA investment as well.But note that these are all for long term investment only and not for day trading.Finally, these are not financial advice from me. You should do proper research and analysis before investing in anything and I don't provide any specific financial advice fo...

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 26, 2017 at 06:27

@Interstellar86 Thank you for your interest.So far we have around 10 myfxbook users who showed interest to subscribe to our signal. We request all of them to refer our myfxbook link to at least 3 to 4 myfxbook user each who might be interested to subscribe to the system so that we can quickly achieve our total target of 50 users and then, we will make this system available in signalstart.Also, we would like to update that we are going to start a new mt4 account and most probably in another broker when we will offer this in signalstart. In order to make this system profitable in most of the bro...

Hedging in General Oct 24, 2017 at 13:44

It depends on how you define hedging, what you know about hedging, how you use hedging, what type of hedging and what is your basic trading system upon which you are using hedging. Just hedging doesn't mean anything without a solid base trading system. But hedging can be a very powerful tool to minimise overall risk exposure of your account if you are trading many currency pairs. Also, hedging is useful to make the equity curve smoother for many profitable strategies.

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 24, 2017 at 13:44

@danny_pip @MrEnergy Thank you for your interest.Total we need 50 interested users to subscribe to our system so that we can make it available in signalstart. We need approximately 40 users more.Users interested to subscribe to this system can make a comment here to show their interest and also, they can refer our myfxbook to others who might be interested to subscribe so that we can quickly achieve the 50 subscriber target.

Febonacci Forex Robot V 2.5.2 in Trading Systems Oct 23, 2017 at 14:48

Definitely slippage is going to affect in each trade and of course in every system you use and it is not limited to our system only. Slippage doesn't have much to do with trade duration, but spread is a bigger concern than slippage when trade duration is less since you have to cover the spread in short time before a trade enters into profit.The slippage mainly depends on your broker, VPS location relative to the broker and availability of liquidity when your trades are getting executed. Regarding lot size, yes larger the lot size more slippage you will get and that's why we don't p...

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Posts by leo23