leo23's Posts - Page 34

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Aug 16, 2017 at 10:22

Bitcoin seems to oscillate around the price range of 4000 USD per BTC. I expect the price to reach 5000 USD within a couple of weeks, but of course there might be pull backs around 3500 USD before it reaches 5000 USD per BTC.Etherium is the next competitor after Bitcoin and there are also so many altcoins rallying to reach near the top 10 coins. Currently, the total market capital is around 135 Billion USD with a 24 hours volume of 5 Billion per day which is of course a very small number compared to 5 trillion a day of forex market.

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Aug 16, 2017 at 06:03

This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex. Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain...

I am new to trading.. Should I get a robot? in New Traders Aug 13, 2017 at 06:26

@mlawson71 That is a good article. Of course, auto trading has many advantages over manual trading, but that doesn't mean simply buying any ea will make profit.Sooner or later everything in the world will be automated and will be controlled by super intelligent artificial intelligent machines and so when forex trading is already automated and hence, definitely automation in forex trading will progress further. Just need to keep learning.We are working on an Artificial Intelligent robot written in MQL5 and sooner or later we may publish a account in our profile. There is no marketing involv...

Can forex trading make you rich ? in General Aug 13, 2017 at 06:15

Forex is like any other business. So if you know how to do run the business, then you will make money out of it, otherwise, not. It has various scopes or levels starting from:1. Banks2.Forex brokers3.Hedge funds4.Affiliates5.Independent traders6.Fund managers7.Investors8.Programmers on Forex. So you have to find or choose which level you fit into and do proper research on it before putting your money. The entire money 5 trillion dollar a day forex market money is distributed in all these 7 levels everyday.But mostly when we utter the word forex, immediately it comes into mind as forex trader a...

Anyone Using Bitcoin Brokers? in New Traders Aug 09, 2017 at 06:28

We are now mainly focusing on Cryptocurrencies and hence, we do proper research before posting here. The information which we posted was not wrong.You can see what happened on August 1st. There was no actual split of coin. It simply means a group of traders decided to create a new chain from the existing chain of BTC using same source code. That's all. That's why everyone who saved their private keys and kept their BTC in hard wallets got same amount of BCC as well. But in case if a real hard fork would have happened, the actual BTC value would have divided by 2 having two different co...

Febonacci Forex Robot V 2.5.2 in Trading Systems Aug 04, 2017 at 11:41

For those who want to use the system and those who are using the system, here is a list of key features of the robot:1.The robot uses key febonacci levels for trade entries and redraws the levels automatically on price level change or trend change.2.It exits the trades based on stoploss, trailing stop or by trend exit3.It can be used in any number of currency pairs.4.It can be used in any timeframe since it is based on Febonacci levels. It can be used in higher timeframe as a day trader or it can be used in lower timeframe as a scalper5.It uses both hard stoploss as well as hidden stoploss and...

Febonacci Forex Robot V 2.5.2 in Trading Systems Aug 03, 2017 at 06:36

@L3CAP You might be knowing about mt4 and mt4 broker dealers, but probably you know or don't know that once a mt4 account is accessed through either investor password or login password, the last login IP is detected and once someone gets the IP address of a VPS, he can do almost anything if he is good enough in technical knowledge of computers and networking.We don't want to stretch on this point, because it doesn't have any value for now, because we are trying to find out the cause of the mt4 problems by monitoring few account performances and this account is one of them and hence...

Febonacci Forex Robot V 2.5.2 in Trading Systems Aug 01, 2017 at 09:58

If anyone is interested to subscribe to the signals of this system, then make a comment here in this system thread. If at least 50 traders will show interest in this system to copy the trades, then we will make it available in signalstart. The reason 50 is because many traders might have multiple myfxbook accounts just to post comments and many of them simply may join and leave the signals after few days. So we don't want to waste our time and money in joining signalstart. So once 50 comments from 50 serious traders will be here in this thread showing interest to copy trades of this system...

Anyone Using Bitcoin Brokers? in New Traders Aug 01, 2017 at 06:27

It is not an actual hardfork as being discussed and had a long debate on this. Rather the new coin Bitcoin cash(BCC) is just another altcoin out there, but it uses the exact same code and same transaction history of the Bitcoin. It is being done by a group of BTC miners just for their own benefit from mining fees. Since BTC source code is opensource and hence, any group having large amount of BTC can copy it and claim to have a new coin. But it can't be called a real hard fork.In real hard fork the total number of coins will be divided in to 2 types of coins in each wallet. Here it is oppo...

Anyone Using Bitcoin Brokers? in New Traders Jul 31, 2017 at 06:31

As some of your probably know that the BTC price is expected to hit at least 50,000 per BTC and hence, trading with BTC is never going to be late.

Anyone Using Bitcoin Brokers? in New Traders Jul 30, 2017 at 06:49

Yes, we are also mainly focusing on cryptocurrencies. As we have posted in one of our threads, there is a lot of money to be made in cryptos in the future since it is just beginning of cryptos where Bitcoin has proven its potential.This is a good thread for crypto lovers. Now, the entire forex money will slowly start moving to cryptos and it may take long time of 10 to 20 years for the cryptos to become as large as forex, but it will be.There are more and more brokers accepting cryptos for deposit and withdrawal as well as allowing trading with cryptos in mt4.If anyone knows any more brokers ...

Febonacci Forex Robot V 2.5.2 in Trading Systems Jul 30, 2017 at 06:36

This account is running the same Febonacci Forex robot for quite long time during testing of the robot, but it was running with old version of our robot V.2.5.1. Today we have applied the new version V.2.5.2 to this account. Let's see.If anyone interested, he can contact us to our email "[email protected]"

Febonacci Forex Robot V 2.5.2(REAL Account) in Trading Systems Jul 23, 2017 at 06:25

Important Update:***************Keeping an eye on the upcoming market movements in Bitcoin and the huge trading opportunities we are developing a BTC robot to trade only the BTCUSD pair in mt4. There are a lot of money to be made in cryptocurrencies. It's like the whole money from forex market is slowly moving to cryptocurrency market and it will continue to do so.Now, at the current market capital of only 90 Billion USD for all cryptos, the trading opportunities are huge as compared to any forex pair or all forex pairs together. So when cryptos will start growing as big as forex, someone...

Febonacci Forex Robot V 2.5.2(REAL Account) in Trading Systems Jul 21, 2017 at 12:37

It didn't make sense..what do you mean by $20 investment? you mean account balance?We are talking about risk in terms of risk taken per pip and risk taken per trade compared to account balance. Whatever is the account balance it doesn't matter.

Febonacci Forex Robot V 2.5.2(REAL Account) in Trading Systems Jul 20, 2017 at 12:21

This is the same EA which uses key Febonacci levels to identify the entry points in the market and exits with stoploss and takeprofit using tight trailing stop. It uses improved and tight settings as compared to the previous version.It uses all major pairs and few minor currency pairs. It uses H1 timeframe.It is using high risk in this account and we are targeting approximately 10% to 20% per day of profit on average with maximum drawdown no more than 10%.If any trader is interested in this EA performance, he is free to contact us to our email "[email protected]" for more de...

What is your favourite Trade Setup in General Jul 12, 2017 at 11:10

Bounce back price patterns from TrendLines and Febonacci levels are some of the best trade set ups. You need to get a confirmation from Febonacci retracement levels for accurate trade entries.Also, same is applicable for TrendLines. Though there is nothing as a 100% accurate entry, but Febonacci trading can give almost 90% accuracy of trades with almost no drawdown if the entry is right at the right febo level and during volatile markets.

Febonacci Trading EA V.2.5.1(Priorfx Real) in Trading Systems Jul 12, 2017 at 11:07

This update is regarding the loss which happened on last Friday due to which myfxbook drawdown is showing high.Last Friday one particular trade was not closed by the broker at the respective stoploss which was supposed to close in profit and the platform was frozen and hence, it was finally closed in a relatively large loss. But later on the loss has been compensated by the broker.But myfxbook doesn't consider the compensation from the broker as profit and the lost trade was considered as loss which resulted in higher drawdown. So the loss is displaying as drawdown which is showing as 24% ...

Febonacci Trading EA V.2.5.1(Priorfx Real) in Trading Systems Jul 09, 2017 at 07:19

There is an update for all who are interested in this system::::>>>>>>If at least 30 subscribers will be interested to subscribe to this particular system, then we will make it available in signal start.If you are one of them interested to subscribe or copy the trades of this system, then please comment here. We will count the interested subscribers on daily basis and if it will reach at least 30 or more, then we will make the system available on signal start.

How long do you test you Manual Strategy before going live? in New Traders Jul 07, 2017 at 05:37

How long to test a manual system depends on which timeframe the system uses and how many trades it places in general. For a daily timeframe you should at least test it with 6 months with at least 200 trades. For lower timeframes the number of trades may increase and the time period of testing may also increase. The most important thing is backtesting which will save a lot of time in forward testing.

Show your profitable account here. in General Jul 07, 2017 at 05:36

This is a short live account performance of our new ea:https://www.myfxbook.com/members/leo23/scalping--day-trading-mix/2157461

EURUSD	1.08683	GBPUSD	1.26691	AUDUSD	0.66782
USDJPY	155.379	USDCAD	1.36166	USDCHF	0.9054

Posts by leo23