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The monster forex became...
Участник с Dec 22, 2015
276 комментариев
Jan 08, 2016 at 18:17
Участник с Dec 22, 2015
276 комментариев
Years ago, only an elite few with big equity or big financial institutions could trade. These big traders aimed for realistic returns, like 10-20 percent ANNUALLY.
So many traders also wanted a slice of the pie, that it was made so that anybody could trade. Brokers popped up all over and encouraged people to invest and become traders. To level the playing field, leverage was brought in.. A trader with 2k could now trade as if it was 2,000k.
There was so much new money. EA developers also popped up like mushrooms also wanting a slice of this 'new money' pie. Forex was heavily commercialized. EAs, training courses etc. Brokers started competing against each other, enticing newbies with all sorts of bonus offers. EA developers saw this as a great income opportunity and all they needed to do was come up with something that could just be profitable for a few months so they could achieve high sales. The return you could make from forex became so inflated with EA developers competing against each other, I see there are some systems here offering six digit returns per month!
I too was caught up in this madness. For years I tried to achieve (I know now) many impossible things. I backtested thousands of EAs, tried hundreds of manual systems - they all failed me in the long run. Things would go great for a week or two and then BOOM, it was all wiped out again, only to start a new cycle.
I was determined though, I would be part of the 2% that would make it. In September last year (2015) I was on the brink of giving up.
I would give it one last try. There are guys that make money with forex, I became obsessed with finding out HOW.
Then I discovered trendfollowing. A long forgotten way of trading, tucked away by all this nonsense we get today. A form of trading still used by the top traders. So I researched it a lot, read some books on it - found a trading strategy. Tweaked it a bit, but still kept the core idea, made it my own.
Today I can say for the first time, I see forward to my forex pay day. Feel free to contact me if you want to learn more about trend trading.
So many traders also wanted a slice of the pie, that it was made so that anybody could trade. Brokers popped up all over and encouraged people to invest and become traders. To level the playing field, leverage was brought in.. A trader with 2k could now trade as if it was 2,000k.
There was so much new money. EA developers also popped up like mushrooms also wanting a slice of this 'new money' pie. Forex was heavily commercialized. EAs, training courses etc. Brokers started competing against each other, enticing newbies with all sorts of bonus offers. EA developers saw this as a great income opportunity and all they needed to do was come up with something that could just be profitable for a few months so they could achieve high sales. The return you could make from forex became so inflated with EA developers competing against each other, I see there are some systems here offering six digit returns per month!
I too was caught up in this madness. For years I tried to achieve (I know now) many impossible things. I backtested thousands of EAs, tried hundreds of manual systems - they all failed me in the long run. Things would go great for a week or two and then BOOM, it was all wiped out again, only to start a new cycle.
I was determined though, I would be part of the 2% that would make it. In September last year (2015) I was on the brink of giving up.
I would give it one last try. There are guys that make money with forex, I became obsessed with finding out HOW.
Then I discovered trendfollowing. A long forgotten way of trading, tucked away by all this nonsense we get today. A form of trading still used by the top traders. So I researched it a lot, read some books on it - found a trading strategy. Tweaked it a bit, but still kept the core idea, made it my own.
Today I can say for the first time, I see forward to my forex pay day. Feel free to contact me if you want to learn more about trend trading.
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Jul 13, 2015
32 комментариев
Jan 15, 2016 at 08:11
Участник с Jul 13, 2015
32 комментариев
Cool story Bro
What Cereal brand do you use?
What Cereal brand do you use?
I don't owe you pip, You don't owe me pip. Lets help each other.
Участник с Dec 22, 2015
276 комментариев
Jan 16, 2016 at 17:34
Участник с Dec 22, 2015
276 комментариев
The bacon, egg and toast made by my wife brand.. Because we can afford it now..
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Dec 22, 2015
276 комментариев
Jan 16, 2016 at 17:42
Участник с Dec 22, 2015
276 комментариев
The bacon and egg made by my wife brand...
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Jan 14, 2010
2299 комментариев
Jan 17, 2016 at 11:48
Участник с Jan 14, 2010
2299 комментариев
I see you are trading form weekly TF. Will be interesting to converse.
Участник с Jan 14, 2010
2299 комментариев
Jan 17, 2016 at 12:16
Участник с Jan 14, 2010
2299 комментариев
'Then I discovered trendfollowing. A long forgotten way of trading, tucked away by all this nonsense we get today. A form of trading still used by the top traders. So I researched it a lot, read some books on it - found a trading strategy. Tweaked it a bit, but still kept the core idea, made it my own.'
It is here. It is just that people got no patience and short term attention span.
It is here. It is just that people got no patience and short term attention span.
Участник с Dec 22, 2015
276 комментариев
Jan 17, 2016 at 13:18
Участник с Dec 22, 2015
276 комментариев
Yes.. I only trade the weekly and daily. Less noise for my type of trading.
I tried with lower timeframes, but too much whipsawing / false signals for my liking..
I tried with lower timeframes, but too much whipsawing / false signals for my liking..
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Dec 22, 2015
276 комментариев
Jan 17, 2016 at 13:20
Участник с Dec 22, 2015
276 комментариев
Chikot posted:
'Then I discovered trendfollowing. A long forgotten way of trading, tucked away by all this nonsense we get today. A form of trading still used by the top traders. So I researched it a lot, read some books on it - found a trading strategy. Tweaked it a bit, but still kept the core idea, made it my own.'
It is here. It is just that people got no patience and short term attention span.
Exactly.. It is right under our noses, but so many are still blinded by 'fast cash'. Like you say.. No patience.. I would rather my 20k (for example) grow into 25k over the course of a year than double it in a few months and then lose it all. But that's just me..
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Dec 11, 2015
1487 комментариев
Jan 18, 2016 at 12:19
Участник с Dec 11, 2015
1487 комментариев
I have a pretty long attention span, but I admit that I am usually short on patience. What is more, trend following is good, but what happens when there's no trend to follow and the pair in question is in correction? Sometimes all the major pairs are in correction. My point is, trend following can be very useful, but one has to know what to do when there's no trend to speak of.
Участник с Dec 22, 2015
276 комментариев
Jan 18, 2016 at 13:37
Участник с Dec 22, 2015
276 комментариев
Yes..patience is a big factor.. Also seeing good trades turn into losers and eventually get stopped out is an extreme way of testing one's patience.
Sometimes the best thing to do.. is to do nothing at all, and let it run it's course.
Sometimes the best thing to do.. is to do nothing at all, and let it run it's course.
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Jan 14, 2010
2299 комментариев
Jan 18, 2016 at 21:39
(отредактировано Jan 18, 2016 at 21:40)
Участник с Jan 14, 2010
2299 комментариев
One time or another trend is always there. If not one instrument than another. Correction is good.
The more markets are on the list the better. Some will always trend.
The more markets are on the list the better. Some will always trend.
mlawson71 posted:
I have a pretty long attention span, but I admit that I am usually short on patience. What is more, trend following is good, but what happens when there's no trend to follow and the pair in question is in correction? Sometimes all the major pairs are in correction. My point is, trend following can be very useful, but one has to know what to do when there's no trend to speak of.
Участник с Dec 22, 2015
276 комментариев
Jan 19, 2016 at 07:28
Участник с Dec 22, 2015
276 комментариев
mlawson71 posted:
I have a pretty long attention span, but I admit that I am usually short on patience. What is more, trend following is good, but what happens when there's no trend to follow and the pair in question is in correction? Sometimes all the major pairs are in correction. My point is, trend following can be very useful, but one has to know what to do when there's no trend to speak of.
I think the greatest challenge is determining the direction of a trend. Once you have found and entered a trend you can do all sorts of things. Fortunately I have found my way of accurately determining the direction of a trend. Sometimes such trends take days to enter.
I have locked in +/- 60% of my profits, so now I am just enjoying the ride until the trend ends.
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Jan 10, 2016
4 комментариев
Feb 07, 2016 at 07:46
Участник с Jan 10, 2016
4 комментариев
Very good job :)
Could you tell us something more about how you determine the direction of a trend?
Could you tell us something more about how you determine the direction of a trend?
Time is what we want most, but what we use worst!
Участник с Jan 14, 2010
2299 комментариев
Feb 07, 2016 at 10:04
Участник с Jan 14, 2010
2299 комментариев
I noticed very small profits taking before things went private. few pips actually and not a single large winning trade.
I have seen this before. Usually trend following approach is a large winners vs smaller losers.
I am not criticizing or anything but I have seen this approaches before. Grid?
I have seen this before. Usually trend following approach is a large winners vs smaller losers.
I am not criticizing or anything but I have seen this approaches before. Grid?
Участник с Feb 22, 2011
4862 комментариев
Feb 08, 2016 at 08:11
Участник с Feb 22, 2011
4862 комментариев
trendfollowers posted:
Years ago, only an elite few with big equity or big financial institutions could trade. These big traders aimed for realistic returns, like 10-20 percent ANNUALLY.
So many traders also wanted a slice of the pie, that it was made so that anybody could trade. Brokers popped up all over and encouraged people to invest and become traders. To level the playing field, leverage was brought in.. A trader with 2k could now trade as if it was 2,000k.
There was so much new money. EA developers also popped up like mushrooms also wanting a slice of this 'new money' pie. Forex was heavily commercialized. EAs, training courses etc. Brokers started competing against each other, enticing newbies with all sorts of bonus offers. EA developers saw this as a great income opportunity and all they needed to do was come up with something that could just be profitable for a few months so they could achieve high sales. The return you could make from forex became so inflated with EA developers competing against each other, I see there are some systems here offering six digit returns per month!
I too was caught up in this madness. For years I tried to achieve (I know now) many impossible things. I backtested thousands of EAs, tried hundreds of manual systems - they all failed me in the long run. Things would go great for a week or two and then BOOM, it was all wiped out again, only to start a new cycle.
I was determined though, I would be part of the 2% that would make it. In September last year (2015) I was on the brink of giving up.
I would give it one last try. There are guys that make money with forex, I became obsessed with finding out HOW.
Then I discovered trendfollowing. A long forgotten way of trading, tucked away by all this nonsense we get today. A form of trading still used by the top traders. So I researched it a lot, read some books on it - found a trading strategy. Tweaked it a bit, but still kept the core idea, made it my own.
Today I can say for the first time, I see forward to my forex pay day. Feel free to contact me if you want to learn more about trend trading.
Forex was always monster. Every bid and ask needed to pair to execute trade and this havent change. Yes Forex has moved but the world has moved too :)
5-10% a month is realistic profit even today.
Участник с Dec 22, 2015
276 комментариев
Feb 08, 2016 at 14:26
(отредактировано Feb 08, 2016 at 14:27)
Участник с Dec 22, 2015
276 комментариев
Chikot posted:
I noticed very small profits taking before things went private. few pips actually and not a single large winning trade.
I have seen this before. Usually trend following approach is a large winners vs smaller losers.
I am not criticizing or anything but I have seen this approaches before. Grid?
Sorry, I was unsubscribed from this thread for some reason.
Very small profit taking, not a single large winning trade before things went private? Are you referring to my account?
Any trade under a day is made by the EA I am running on my account. The ONLY robot that I feel comfortable with running on a live account. Yes, you are right. trend following has an ugly profitability ratio (30-50%), A lot of small losers and a few big winners, that normally pay for all the losers plus some. The EA I am running on this account by itself has an 85% profitability - I use this in conjunction with my trendfollowing manual and boost the low profitability.
The only reason it 'went private' is because I want to avoid malicious activity. Like reverse engineering......But I will gladly open for a few minutes if there are interested serious investors.
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Jan 14, 2010
2299 комментариев
Feb 08, 2016 at 18:58
Участник с Jan 14, 2010
2299 комментариев
I see, so you are full auto mode now. I do not think anyone can reverse engineer what you conjured up there :)
From what Market Wizards were telling it is exits that make money. entries are not that important.
From what Market Wizards were telling it is exits that make money. entries are not that important.
trendfollowers posted:Chikot posted:
I noticed very small profits taking before things went private. few pips actually and not a single large winning trade.
I have seen this before. Usually trend following approach is a large winners vs smaller losers.
I am not criticizing or anything but I have seen this approaches before. Grid?
Sorry, I was unsubscribed from this thread for some reason.
Very small profit taking, not a single large winning trade before things went private? Are you referring to my account?
Any trade under a day is made by the EA I am running on my account. The ONLY robot that I feel comfortable with running on a live account. Yes, you are right. trend following has an ugly profitability ratio (30-50%), A lot of small losers and a few big winners, that normally pay for all the losers plus some. The EA I am running on this account by itself has an 85% profitability - I use this in conjunction with my trendfollowing manual and boost the low profitability.
The only reason it 'went private' is because I want to avoid malicious activity. Like reverse engineering......But I will gladly open for a few minutes if there are interested serious investors.
Участник с Dec 22, 2015
276 комментариев
Feb 08, 2016 at 19:16
Участник с Dec 22, 2015
276 комментариев
Chikot posted:
I see, so you are full auto mode now. I do not think anyone can reverse engineer what you conjured up there :)
From what Market Wizards were telling it is exits that make money. entries are not that important.
Nope, not full auto. Trend following system is manual (and will always be) plus then this EA.
Absolutely correct. Exits are much more important than entries. I am still working on improving my exits, atm I sometimes have to watch perfectly good winners turn to losers and hit SL, it is very difficult to allow that. Oh reverse engineering might be easy as the EA uses a bigger lot size as the manual, and that can be filtered. I would rather not take that risk.
If you want to go fast, go alone. If you want to go far..Go together..
Участник с Jan 14, 2010
2299 комментариев
Feb 08, 2016 at 23:50
Участник с Jan 14, 2010
2299 комментариев
It is psychologically difficult to manage trades long term. there must be some more or less mechanical way to do it while having small discretionary portion but which only can be applied when trader has enough experience.
Участник с Feb 22, 2011
4862 комментариев
Feb 09, 2016 at 08:44
Участник с Feb 22, 2011
4862 комментариев
@trendfollowers
You have 2 very fresh accounts with small profit and 1 negative account. Everything is hidden.
There is no way this could attract investors
You have 2 very fresh accounts with small profit and 1 negative account. Everything is hidden.
There is no way this could attract investors
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