Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,611 members, 7,958,852 topics. Date: Thursday, 26 September 2024 at 05:52 AM |
Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 15 (618971 Views)
Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink / JUICE Binary Options & Forex Trading Season 1 / Social Forex Trading-thank God I Lost USD 120 In A Few Hours (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (354) (Reply) (Go Down)
Re: Forex Trading - Season 15 by mystockyear: 5:23pm On Jan 01, 2015 |
first post. wishing all Happy new year guest mode activated |
Re: Forex Trading - Season 15 by adeniyia33(m): 7:08pm On Jan 01, 2015 |
Noblezone, happy new year and welcome. You are at d rt place... Just follow the gurus in the house. have fun |
Re: Forex Trading - Season 15 by yetown(m): 7:20pm On Jan 01, 2015 |
HAPPY NEW YEAR... ☺☺☺ |
Re: Forex Trading - Season 15 by FOREXMARTS: 7:56pm On Jan 01, 2015 |
Happy new year house. |
Re: Forex Trading - Season 15 by Karleb(m): 8:32pm On Jan 01, 2015 |
Wow, so a new thread has been created. I wish everyone a pipful year! |
Re: Forex Trading - Season 15 by endfx1(m): 10:25pm On Jan 01, 2015 |
Happy New Year House. May the green pips flow in abundance in our accounts |
Re: Forex Trading - Season 15 by cybug: 11:08pm On Jan 01, 2015 |
Happy New Year! |
Re: Forex Trading - Season 15 by Mack3N: 11:57pm On Jan 01, 2015 |
happy newyr people....pipful yr ahead |
Re: Forex Trading - Season 15 by Mack3N: 12:13am On Jan 02, 2015 |
carried over trades from last yr.......also had my wounds 1 Share
|
Re: Forex Trading - Season 15 by Mack3N: 12:32am On Jan 02, 2015 |
the yellow line on ea chart below is where am watching to take action 2 Likes
|
Re: Forex Trading - Season 15 by Mack3N: 1:39am On Jan 02, 2015 |
Mack3N:taken..just bought..risk is small from here 2 Likes
|
Re: Forex Trading - Season 15 by Mack3N: 3:03am On Jan 02, 2015 |
Mack3N:could walk awat with 62pips here,moving trade to BE+8pips 3 Likes 2 Shares
|
Re: Forex Trading - Season 15 by Kirinwa: 5:48am On Jan 02, 2015 |
If you need a forex account manager with good returns on investment. Send your phone number to forexdollars@hotmail.com .This offer closes by next week.Don't miss it. This is my new year gift to you. Fx is sweet! |
Re: Forex Trading - Season 15 by adeniyia33(m): 6:57am On Jan 02, 2015 |
Oh happy day to all PIP lovers in the house. Good moni to yah all.. |
Re: Forex Trading - Season 15 by fxbomovi: 7:28am On Jan 02, 2015 |
heaven on earth greetings to you all. And happy new year. May all ur dreams in 2015 be a reality. Expect daily loads of green pips daily weekly monthly and all through the year |
Re: Forex Trading - Season 15 by uyimen: 8:05am On Jan 02, 2015 |
This is the 2nd of Jan. Pls guys when will the trading platform come alive My trading platforn is saying trading is disabled |
Re: Forex Trading - Season 15 by MikkeyJ: 8:22am On Jan 02, 2015 |
uyimen: It's resumed na. |
Re: Forex Trading - Season 15 by Wisdomxy(m): 10:46am On Jan 02, 2015 |
Tradition demand that I stop over to wish everyone in this house Happy New Year May the odds of speculating in the financial markets be skewed in our favour and may we live long to enjoy the dividends. Amen |
Re: Forex Trading - Season 15 by Toks2008(m): 11:19am On Jan 02, 2015 |
Good morning friends and happy new year once again. My candid advice to you all is to look inward this year and ask yourself if this business is really worth the stress of baby sitting? if manually trading this business has paid off for you in the past years. Let us reason together and be wise. This business is very difficult to trade manually and as someone who is deeply rooted in this business,i have many friends who have lost millions not because they don't know what they are doing bu because there is always every tendency to become careless somewhere along the way hence fall victim of their own indiscipline. In view of this i will advise everyone trading fx to develop a manual trading method that is dependable and can be trusted to yield profit in the long run and develop it into an auto system and forget manually trading the system because they are likely going to fall victim of their own carelessness over and over and over again thereby losing their earned money as well as those they promised to manage funds for. Many people have come to me to help them build account that no magic can build except patience yet how can you patiently build an account of 200usd,500usd manually without wiping it off as a result of same emotional Topsy turfy that is endemic with fx traders. Please be wise and understand that automation is the way forward in this business, at least for 95% of traders who are bound to lose and quit along the way due to greed and fear as well as other crazy factors. I have been working on an auto system which is a manual method i developed and over the years i have also faced same problem of indiscipline even after developing the auto system by unduly interfering with the auto activity and this has resulted to inability to allow the system trade as designed. But the good news is that ever since i allowed someone else take charge of the access to the auto servers even i have been impressed with the result of the systems and even when i know that there will always be losing months as well as profitable months, i have been very optimistic that at last i can be free from babysitting trades as well as wasting precious time trading fx manually which usually yields nothing but losses. There are basically 3 settings used to suit the risk appetite of different traders. 1.I have one that uses crazy huge exposure of 155 daily and this is the highest setting i can give to anyone and this has the capability to generate 20/30% average profit monthly but not without a losing month also but usually have a long term profit result. https://www.myfxbook.com/portfolio/joker-entry-20pips-lock-intraday/1078500 2.I also have a setting that uses 10% maximum daily risk exposure and this can generate between 10/20% average monthly profit all 100% automated trading. https://www.myfxbook.com/portfolio/100-auto-20pips-lock-inrtraday/1091169 3.And finally a conservative setting that can generate 5/10% average monthly profit https://www.myfxbook.com/portfolio/100-auto-20pips-lock-inrtraday/1091176 All have same trade settings,same number of daily positions opened. This is my very own manual method put in automated form and can be used by any trader to trade profitably while you go about your life,do other profitable businesses and be free from the bondage of wasting your precious time,energy,money trading fx manually.And remember that you can also develop yours too The most important thing is to make profit and that is what counts. I wish you all a pips-full year ahead. 1 Like 2 Shares |
Re: Forex Trading - Season 15 by docus: 11:24am On Jan 02, 2015 |
gold short activated |
Re: Forex Trading - Season 15 by sexaddict08(m): 12:08pm On Jan 02, 2015 |
Owliver: If u dnt want to do sth, u definitely find an excuse.......But if u want to do it, then, u wont find any excuse. i jst love the human brain........ |
Re: Forex Trading - Season 15 by currentprice: 12:45pm On Jan 02, 2015 |
@ Toks2008 Thank you for the advice,,,,,what is the way forward now? i mean how can we get that your auto trading system,,,,,, can you upload it here for us to test run or is it for sell |
Re: Forex Trading - Season 15 by omejeo: 1:37pm On Jan 02, 2015 |
docus:f0llow u till month end |
Re: Forex Trading - Season 15 by docus: 2:22pm On Jan 02, 2015 |
docus: this trade is in good health |
Re: Forex Trading - Season 15 by 12ema: 2:24pm On Jan 02, 2015 |
FOR THE NEWBIES: BACK TESTING A STRATEGY. Before one endeavours into a new strategy, one must thoroughly analyze the pro's and con's of the said strategy in a logical and mathmaticaly detached prognosis. It is not enough that anyone gives you a strategy claiming it will perform miracles for you without first seeing for yourself how it would impact your win to lose ratio, equity curve, and draw down percentage. Truth be told these three aren't that important because, almost every strategy has an edge, and that is what you are looking for; except if your strategy is flipping a coin before you take a trade. But, the reason you want to to know these three is to to know how much percentage to risk when placing a trade. If through back testing you discover a strategy has a 70:30 win ratio, i would feel more confident risking the max of 5 percent on any given trade. If i realize the system only wins 29 percent of the time, i probably would not want to risk more than 1 percent of my account per trade. One important reason to know draw down percentage is the higher you risk on an account and you go through a losing streak, which happens to all of us, the longer is takes to recover your losses in order to balance out. A trader who risks 1 percent percent per trade will recover faster than a trader who risks 5 percent per trade. 'nuff said. I recently did a random back test of the 4 hr GBP/USD pair starting from Jan 2010. I used a strategy of 12/144/169 EMA cross overs. My findings were very interesting. The back test parameters were; if the 12 crosses over the 144/169 we buy or sell depending on the direction of the market. We would not use more than 3 percent of a 1900 dollar account and our stop loss would be a cumulative 60 pips. The reason i did it was because, i was looking for a better way to trade where i would not have to check my trades for at least a week. I trade the 60 minute time frame at present and it is starting to be too short for me. Right off the bat in Jan we had on the 27th, an 883 pip move and we just followed price from then on till december 2014. You can check it yourself, it's on every MT4 platform. Conclusion of the back test was: Total trades: 64 Total loss: 26 Total pip loss: 1503 Average pip loss per trade: 58 Total wins: 38 Total pips won: 10613 Average pips win: 279 Win ratio 2:2 Total Profit: $96,191. So what does this tell me? it tells me i can migrate from the 1hr to the 4hr time frame effortlessly in 2015. It tells me that i have less trades per year which is good. It tells me that the average trends runs for almost 300 pips which is more than the 1 hr time frame. It tells me that there are less whipsaws on the 4 hr time frame. It tells me to expect an average of 20 trades per year. It tells me that my average SL will probably never exceed 70 pips. Finally it tells me that i should have been trading the 4 hr based on my system. You should try it. Good luck this trading year. 3 Likes 1 Share |
Re: Forex Trading - Season 15 by docus: 2:26pm On Jan 02, 2015 |
omejeo: nice bro, lets ride it down |
Re: Forex Trading - Season 15 by benpuzzy(m): 2:58pm On Jan 02, 2015 |
benpuzzy:locked almost +200pips on two diff positions. "FX IS SWEET". |
Re: Forex Trading - Season 15 by Nobody: 2:59pm On Jan 02, 2015 |
Happy new year folks, a very hearty thanks for the birthday wishes, I don't know how oga natruetalk found out but I appreciate all the wonderful wishes and prayers all the same. My oga 12ema, I find your posts very insightful, you are truly doing a wonderful job. Many of us started learning the wrongs things, your posts are truly gems for newbies and 'oldies' alike who wish to pay attention. I made some decisions in December which ties very closely to your post above, I will personally call you out in three months and let you know the results |
Re: Forex Trading - Season 15 by benpuzzy(m): 3:04pm On Jan 02, 2015 |
docus:"FX IS SWEET" |
Re: Forex Trading - Season 15 by natruetalk: 3:16pm On Jan 02, 2015 |
another new year another plenty dollar IJN on oil i have a support am watching at 52.0x levels and mkt is romming round it be4 3pm candle without that levels cleared am not going to sell d mkt. but if dt level push above 52.50 i will BUY oil i hav bullsh bias at d moment except.... |
Re: Forex Trading - Season 15 by natruetalk: 3:29pm On Jan 02, 2015 |
natruetalk: taken my risk from here though 52.8x zone could do what i dont like. no lelee bought oil @ 52.55 Sl 51.55 if price continuing fall below d 52.0x zone i will jump out to save some pips let see hw 1st trade of d year will look like
|
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (354) (Reply)
CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday / Forex Trading - Season 13 / How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 41 |