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Wining trades in a row Deneyimli Traderlar içinde Dec 01, 2016 at 19:59

I like a lot of winning trades in a row! More profit on the average for sure. All the trades have to be closed to really evaluate the outcome of the winning streak.

5% average monthly profit for at least 2 years (with less than 25% max. DD) Deneyimli Traderlar içinde Nov 02, 2016 at 18:05

Risk & Money Management is of interest for all traders and protecting the account should be a primary goal that has to be accomplished, before even thinking of making any money. RMMRobot.com have some interesting ideas how to approach this subject for the trader.

TradingFXVPS VPS Hizmetleri içinde Oct 29, 2016 at 15:20

A very good VPS with fast service and reliable connection. Nothing to complain about so far. Very satisfied!I have tested this service for over a year and its very cheap and performed over expectations. It can handle MT4 and cTrader without any problems. If you are interested in more information you can read the recommendation for this VPS provider on RMMRobot.com

Is demo trading enough before real account? Yeni Traderlar içinde Oct 29, 2016 at 15:01

Testing a strategy, an EA or a cBot on a demo account first, is a must. The length of the test can vary but 2-4 weeks seems to be enough before going live. If the trader is new to the FX market an initial 2-3 month is needed to learn the trading platform before even thinking of using robots to execute trades.

ctrader & MT4 & broker cheating . Deneyimli Traderlar içinde Jun 17, 2016 at 12:43

That I have no experience about, getting disconnected. It all depends on where you are located and if you are trading your algorithms on a VPS or are depending on your local computer to handle the cBots. For the serious trader I highly recommend a VPS server. With a live account funded higher den $400 it will end up as a free VPS with less slippage and faster execution and an overall cost saving for the trader.

ctrader & MT4 & broker cheating . Deneyimli Traderlar içinde Jun 17, 2016 at 12:07

Only good things to say about cAlgo and cTrader brokers. Very tight spread, hardly any slippage and no interference from a trading desk. DMA, direct market access and I could go on listing all the advantages of the platform. Also there is a lot of free downloads available for the platform. RMMRobot.com is one site you should look into to get free downloads for the platform.

Account size, Position Size and leverage Yeni Traderlar içinde Jun 17, 2016 at 11:44

For you guys that are trading on cTrader instead of MT4. RMMRobot.com is a very good site on the subject of risk and money management. Also a lot of free downloads based on the same important principle of protection the trading account.

Is demo trading enough before real account? Yeni Traderlar içinde Mar 19, 2016 at 03:03

AziH,thanks for you kind words. Well, actually we don't need to become one of the "best traders in the world". We can reap the rewards and benefits of their mistakes. Every trader make mistakes, even the top notch ones included. What is the trademark of a really good trader? I will try to list a few trademarks below that comes to my mind, in order.1. Risk and money management2. Trade with the trend3. Go against the trend when it's oversold or overbought.4. Place the stop loss and target above or below resistant levels.5. Do not trade during news releases, unless absolutely n...

Is demo trading enough before real account? Yeni Traderlar içinde Mar 16, 2016 at 02:17

It all depends on what kind of broker and platform used if it differs between demo and live accounts. I don't really think it is that much of a difference. When trading live so many other aspect comes into the picture, that can cloud our judgment to believe that when when we are trading live, everything change. Suddenly we get much more slippage, stop loss hunting and so forth. It's more of an emotional issue and psychological issue I believe. No matter the status of the account, live or demo we have to protect our trading account. Because when trading live we are trading against the b...

What is your daily target?? Deneyimli Traderlar içinde Feb 28, 2016 at 02:06

rob559,do not really understand why a daily target is bad. It's just a target and most often it does not come through. At least it's a plan that we have predefined before going into action for the day. A setup of a daily profit and a stop loss agreed upon before bailing out and call it quits for the day, can't see anything wrong in such an approach. On the contrary it gives us some control of what to expect in everyday trading, regardless if we are in profit or loss. Ideas about this, visit RMMRobot.com for some interesting reading on this subject.

What is your daily target?? Deneyimli Traderlar içinde Feb 28, 2016 at 01:24

NextGenFund,of course risk management is crucial and not only on separate positions, but on the whole account as well. A DD of 40% will not hold up. The profit might spike up and one will feel secured that it is working the way it's intended to do, until the next 30-40% DD will appear and suddenly that will make the strategy very insecure, at least nerve breaking :). Why not have a strategy with less risk? 20% DD at max seems to be a very good threshold, above that threshold, the strategy is at risk of not holding up in the long run.

Is demo trading enough before real account? Yeni Traderlar içinde Feb 23, 2016 at 01:43

mlawson71,all depends on what you mean. If you are referring to in taking an incredible high risk of the trading account it is possible but only for a short period of time, in the long run, trading with a very high risk strategy it will catch up, and eventually it will blow the account.

Is demo trading enough before real account? Yeni Traderlar içinde Feb 21, 2016 at 19:48

Professional4X.500% growth for example as you mentioned on a micro account before funding more into the live account, it is not possible with good money management. It will take probably years with that kind of strategy you are referring to. Better to have really low expectations like max 100% profit within a year, even 60% is really a good return before funding more money.

Who can earn 100% return a month with a DD below 50% and on a regular basis? Genel içinde Feb 19, 2016 at 20:05

hermonysystem,we are getting into some heavy physical and spiritual thoughts here. As individual beings and let say "souls" or inner beings or whatever name we wish to use, we are indestructible. If we are to die we are still alive so to speak but in a higher state consciousness of existence. What has this to do with trading one can wonder? Not much but still being here on this physical universe we have to occupy our self with something that is of interest to us. Trading can be that kind of an interest that can be both an emotional and a spiritual journey, cause we can experience all...

Is demo trading enough before real account? Yeni Traderlar içinde Feb 19, 2016 at 18:16

The demo account is perfect for testing new cBots and EA's. First test the new robot on a demo account and then after a week or two of being satisfied that the new robot is doing what it is expected to do, it's ready for live trading. That is why a demo account is such a great utility for the trader , to give us insurance that a robot works as it's been advertised to perform. The RMMRobot.com site has some very interesting free robots to download if you are intersted in being on top of, how your trading is progressing.

5% average monthly profit for at least 2 years (with less than 25% max. DD) Deneyimli Traderlar içinde Feb 04, 2016 at 01:23

Hi Franck,there might be spikes of the draw down, as in your case. It's very important however that we are aware of this and make the necessary changes needed to bring down the risk. You have the right attitude and I'm glad to hear you are more concerned about the draw down in the first place, then profit. Profit is the outcome when the DD is in control.

5% average monthly profit for at least 2 years (with less than 25% max. DD) Deneyimli Traderlar içinde Feb 04, 2016 at 00:43

The longer time an EA, cBot is operating the higher the chances are of a higher draw down. The first year running, under 10% draw down is very good, The second year under 15% is acceptable, the third year 20%.Draw downs higher then 20% a year reflects taking too much of a risk of the trading account. 25% draw down as Franck Cirna suggested should be the maximum allowed depending on the strategy at place.More about this and other risk & money management principles can be read at RMMRobot.com

Who can earn 100% return a month with a DD below 50% and on a regular basis? Genel içinde Feb 02, 2016 at 05:49

We are living in a physical universe where everything are governed by physical laws. What goes up must come down and what goes down goes up eventually! That is the mantra. With other words trading profits and losses must be applied to this law as well. So it's better to be in tune to this physical law, then trying to fight it! Consistently making profits is impossible of course. Better align ourself to the fact of the basics of up and downs that are so well presented to us traders. We all have losing days and winning days, it's the average that matters and if we can see this clearly wi...

DEMO ACCOUNT vs LIVE ACCOUNT Yeni Traderlar içinde Jan 29, 2016 at 21:56

Depending on the broker of course, if a demo account is similar to a live account. Market makers brokers can give you a positive feeling of a demo account while DMA and ECN brokers have a tendency to be very close between the two. Testing different brokers and platforms with a demo account first and then after a few months of demoing, go for a live account with a funding of between $200-$500 will provide the trader with the proof, if there are any differences between the demo and the live account.

What is your daily target?? Deneyimli Traderlar içinde Jan 25, 2016 at 22:56

If you have a mixture of long term targets and short term targets you just can't ignore daily and weekly goals. This of course depends on what time frame one is trading on. If you are strictly a swing trader then a weekly target should do it. If you are a day trader and by not having a daily and a weekly stop loss, target of the trading account, I would say that is "psychology suicide".

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EURUSD	1.07105	GBPUSD	1.25359
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EURUSD	1.07105	GBPUSD	1.25359
USDJPY	156.413	USDCAD	1.36588

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