wamiikechukwu:
let me share of one my experience, i had an EA which i was testing on Exness demo for months... i finally decided to launch it live but on a new account so i open an account with TICKMILL, they offer a swap free account, they claim ECN with little spread so i dived in, the first day my EA made a loss though it was unusual but i over looked it , second day, another series of loss i was like "its impossible".
The third day i withdraw my money and went back to exness live and I was surprise that the EA traded successful on exness live.

then i was just thinking why will there be a huge difference on the two broker.

so i figured;

TICKMILL offers a swap free account with low spread... so basically there profit comes from there commission.... or from there STOP LOSS hunting.

not to mention there candle stick formation is different... which i over looked.


the only way to avoid this was probably use a large SL but who knows what happens behind MT4 platform

mrikay:


This shows you are not a sheep dancing happily to the slaughter slab... Nice one!

redsox11:


Yes partly as I have other things in my tools before, maybe coz I couldn’t grasp it fully, so I have incorporated it with my style.

redsox11:


Stop teasing... I see you enter your trades on 1hr too, I go down 15mins sometimes to pinpoint. I just like reduce SL, I like it when I can stick it to the pin and put my SL just around 10 pips, I love those entries , but when I'm late to the market, I'll manage 20-35 pips SL. I usually don't like it but what can I do, you have to participate to win at all.

I see you start this biz way back too, saw some of your 2007 post if I'm not mistaken.

Forex could be easy with much less stress like we have to go through, if we had someone to spoon feed us all those years. I remember paying #15k for seminar at Ikeja 2007 or there about. Teaching us some very bogus 14MA system.

This is not to scare anybody, you can be profitable if you have the right people around you, definitely not marketers. Find someone that is trading and profitable .

Ps: "For us newbies" Stick to higher time frame, it's far more easier and less stressful, If I could i'll tell any new comer- Start off on HT frame and do a lot of reading and dedication.

Pps: AUDJPY 4 hours.

bigbasho:

Hmmmm. thats true but the levels are from higher TF. your SL aspect is what I admire about your style. I dont use SL cos I fail if I do. I have been a Nairalander since 07 that was about the time it started. Hahaha I also bought a manual from a marketer for 20k just explaining EMA5 and 10 crossover. Like you mentioned, you can be profitable in months if you stumble on the right channel. Started as a teenager but couldnot connect the dot proper till am an adult. Today I say Alhamdulillah for opening my eyes to see the charts clearly cos I dont trade anyone's strategy even after reading a whole lot. I CAN BET MY DEGREE on my calls now, even if it didnt move much in the direction as expected, it will react at that point. BTW I missed that AJ sell.

congrats

currentprice:
if anyone need additional cash let go there,,, it crude oil

SELL crude oil with me now and put SL well above today's high

redsox11:





The thing with EA, especially scalping EA, it's difficult to implement. Everything is usually smooth on demo but when you bring it to live environment, fluctuating spread, swap, commission and all comes into play. So you get totally different result from demo result.

bigbasho:

Hmmmm. thats true but the levels are from higher TF. your SL aspect is what I admire about your style. I dont use SL cos I fail if I do. I have been a Nairalander since 07 that was about the time it started. Hahaha I also bought a manual from a marketer for 20k just explaining EMA5 and 10 crossover. Like you mentioned, you can be profitable in months if you stumble on the right channel. Started as a teenager but couldnot connect the dot proper till am an adult. Today I say Alhamdulillah for opening my eyes to see the charts clearly cos I dont trade anyone's strategy even after reading a whole lot. I CAN BET MY DEGREE on my calls now, even if it didnt move much in the direction as expected, it will react at that point. BTW I missed that AJ sell.

currentprice:


bolded,,,,, you begin getting your legs stand well in this business. always have confident in your own startegy

congrats

currentprice:


bolded,,,,, you begin getting your legs stand well in this business. always have confident in your own startegy

congrats

wamiikechukwu:


@ bolded i tot i was the only one

currentprice:


in

watching to add one more lot

bigbasho:

no be only you o. I know when to close out if I am not comfortable with any position.

wamiikechukwu:


i cant speak for all EAs but after i withdraw from TICKMILL, i had to attach the EA to both EXNESS live and demo and they both gave the same result with a slippage of 3 pips

bigbasho:

no be only you o. I know when to close out if I am not comfortable with any position.

currentprice:


brov,,, i will like to advice you to try and design levels to be placing SL on your strategy ,,, except your plan to do this business is for a short time

currentprice:


added to my trade,,,, now sit back and watch

currentprice:
if anyone need additional cash let go there,,, it crude oil

SELL crude oil with me now and put SL well above today's high

currentprice:


added to my trade,,,, now sit back and watch

redsox11:




I'm sure he has mental area where he cuts off trade when it's against his position. I do hope he has emergency SL "Far away enough from price" incase something went terribly wrong.

redsox11:


Good that you changed your platform then, maybe they've got Bad Data Feed. Is it scalping EA you are working with? Just curious.

cool318:
Good day Forex gurus
I have been a silent follower of this thread.
I want to know if anybody here has any experience with Forexcopy of Instaforex.
Is it worth while?

wamiikechukwu:


no not scalping