stevetrade's Posts - Page 12

What is the first thing after registering in myfxbook? in New Traders Mar 26, 2014 at 14:42

Hi,You need to set the investor password in the platform. Go to Tools > Options > Server Tab < Change ButtonBest regards Steve

HF Markets in Pialang Feb 17, 2014 at 17:11

I've been trading with Hot Forex on and off for a while now. The other week they accused me of using practices that violated their trading terms and conditions and took the whole of the profits I had made with them off me. Including the profits made before they accused me of violating their terms and conditions.Fundamentally I believe they are a broker who are not interested in clients that make money and would avoid trading with them.Best regards Steve

will investors even look at demo statement in Experienced Traders Jan 28, 2014 at 12:49

Because the psychology of trading with real money is a lot different to the psychology of trading with play money.Best regards Steve

ForPipSake 1 minute scalper EUR/USD in Strategies Jan 14, 2014 at 08:57

Okay thanks, primarily Alpari but I have accounts with several brokers. Alpari on the whole are pretty good for no slippage I find.Best regards Steve

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jan 13, 2014 at 16:26

Sigh, okay, goodbye Master Kiwa. Best regards Steve

ForPipSake 1 minute scalper EUR/USD in Strategies Jan 13, 2014 at 13:34

Depends on your broker and trading times I guess, some brokers are better than others. Which broker are you using?Best regards Steve

Aggressive in Trading Systems Jan 13, 2014 at 13:30

Hi,Just interested, are you planning to introduce a stop loss as the account grows? Best regards Steve

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jan 13, 2014 at 12:44

Wow has it been that long, crap I should be a millionaire by now.Best regards Steve

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jan 13, 2014 at 10:05

Priceless. Yep you caught me, I have no success at trading.Best regards Steve

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jan 10, 2014 at 15:25

While an impressive result that looks as though it's being over-traded and sooner or later it'll margin call.Best regards Steve

will investors even look at demo statement in Experienced Traders Jan 10, 2014 at 12:36

Hi,Depends on what investors you are trying to attract. Small accounts will attract small fish. As most larger investors should know that psychology plays a large roll in trading and so if you aren't used to trading big money then it's probably not a good idea to trust you with it. Large amounts play horrible tricks on your mind. If you are trading 1k don't expect anyone with 100k to invest to want you to trade their money.Also on the issue of withdrawals, you should definitely do them. It validates that the account is a live account and not a demo ( although you can arrange withdr...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jan 10, 2014 at 10:10

As I said, I don't know if it's a genuine system or not. However the guy is Russian, why would he not use a Russian broker? It's possible he's a genuine trader using a dodgy broker who doesn't realise they're dodgy. I myself have traded with a broker I honestly thought was genuine before only to have it collapse.The proof as they say is in the pudding. If and when he opens it up then judgement can be made on what the offering is and whether it works. As to virius warnings from websites, I sometimes get security warnings from websites that I know 100% to be legitimate. Y...

Analysis for Improvement in New Traders Jan 09, 2014 at 15:20

It all comes down to your system at the end of the day and a few things need to be looked at. Check out your Z-score which tells you how likely losses will follow losses, you can of course also check your trading history. You also need to consider your risk:reward ratio.If you have a system that could lose 20 times in a row 5% stake will blow you out. If it could lose 10 times in a row then you are down half your capital and recovering from that in effect means you have to double your capital, which is not easy.Here's an example. I used to have a pattern that historically only won 12% of t...

will investors even look at demo statement in Experienced Traders Jan 09, 2014 at 14:39

Hi,Demo statements have their uses, it really depends what you are trying to achieve. If you are looking to sell either a system or your services then I would recommend a live account with a reputable broker is the way forward. A demo account is really only any use for testing a strategy yourself before you put it live and then you need to pay attention to things like the expectancy of that system which will not be as high on a live account as a demo account due to slippage on order entry and exit. If you are trading manually and trying to market yourself, a live account with a substantial bal...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jan 09, 2014 at 14:27

It's possible to make more than 50% annual returns consistently in retail trading with hard work, and with compounding the returns soon add up if you can leave some of the returns in the pot. Then you just have to ensure that you keep your profile low with each broker by spreading your profits around. You generally won't find people on here advertising or releasing the working systems as it makes absolutely zero sense to do so. Here's one for example that meets your twelve month criteria. Whether it's genuine or not I don't know as it's never been opened up to the publi...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jan 09, 2014 at 11:26

Examining institutional traders for example performance isn't indicative of what can be achieved in retail trading. Institutional traders have to achieve results with far larger capital pools than a retail trader and also have to obey certain trading restrictions.Imagine if you will that an institutional trader is like an oil tanker, large, slow to maneuvre and difficult to stop. Retail traders are more like a speed boat and can easily zip about at will. This gives retail traders a far better chance to make higher returns. I'm not saying it's easy to make a living from retail forex...

ForPipSake 1 minute scalper EUR/USD in Strategies Jan 08, 2014 at 14:41

Looks interesting and an expectancy of 6.1 pips should soak up a fair amount of slippage on live accounts. I'd certainly be interested in taking a look at this. Message me with further details please.Best regards Steve

Forex Growth Bot in Trading Systems Jan 08, 2014 at 10:03

This is an interesting discussion. I still have the 10 year backtest in my strategic history and while the EA in backtest never suffered six losing months in a row before there are plenty of times early on where it lost 3 months in a row and then not long after did so again. Analysing the backtest history for a period from 1999 - 2001 shows that the EA performed far worse overall than it has here. You can see a snapshot of this attached. Whether the EA will ever perform again remains to be seen. The main question to ask is whether you are prepared to accept the chance of sideways movement for ...

I NEED HELP WITH LIVE ACCOUNT RECOVERY in New Traders Dec 02, 2013 at 10:16

Hi Alexandr,Really sorry to hear about your loss. Here's my thoughts on it. If you are lucky and find a good trader that can generate you an average net return of 10% per month ( which would be considered a pretty good return ) then it's going to take nearly two years of compounding to get back to £200 and to be frank wouldn't be worth most traders time and effort for the reward received. If I was you I would write off the money as a lesson learned and spend some more time learning, researching and trading demo accounts until you feel you are in a better position to make inve...

Why 90% of retail traders fail... in New Traders Nov 26, 2013 at 11:21

I actually disagree with the basic tone of this article with regards to reading forums, articles, blogs etc. Sure there is some decent information out there but if 90% ( give or take a few percent ) are failing at retail trading then who's providing 90% of the content on the forums, blogs, articles etc.? I would actually put the percentage content created by losing traders as higher than 90%, as a lot of winning traders keep quiet, knowing that they are in a net zero sum game.Best regards Steve

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