₦airaland Forum

Kingmadiba2:
There is power in exposure and taking action ooh.

If you have been into the forex space for sometime now especially as a Nigerian,you may have heard of Jeffrey Benson and Habby forex. Of course there is Dapo Willis too.

But I want to talk about this two guys--- Jeffrey and Habby.

When I finally decided to take forex trading serious that was in 2023 late July precisely inspired by the success stories of Jeffrey and Habby.

You see, I bumped into one of Jeffrey Benson's old videos where he was sharing how he heard about forex trading And the hurdles he had to scale through to get to the top

Can you imagine that Jeffrey Benson heard about forex trading around October/ November period of 2018.

Mehnn that was the exact period I heard about forex trading through a friend of mine.

Although we made some attempts to learn but we were constrained by lack of mobile phone and the resignation fee to pay for mentorship .

Some how we managed to gather a part of the money for the mentorship. And after several classes with our "mentor" we got bored because the concept of Forex trading seemed so abstract to us.

One thing led to the other we stopped going for that class. You know why??

Our mentor kept repeating same topic every day. He kept telling us about Risk Management all through our classes together.

Am not gonna lie we got bored. He never showed us what a chart even looked like.

We later found out that our "mentor" was still learning then.

Infact it was that video of Jeffrey Benson where he was narrating how he heard about forex trading that made me to muster all the strength in me to learn forex trading from YouTube seeing what forex trading had done for him.

When I saw that video, the first question that came to mind was "where would I have been financially if I had continued to learn Forex trading?

You see eh exposure to certain information may be all that you would need to defeat poverty in your life.

But what you do with that information is what would bring the transformation you seek.

When you see a teenager or a young person buying exotic cars and living in luxury , just have it in mind that there may be certain exposure and information they are privvy to . And that's what makes the difference.

#Kmforex

100%, Spent my last kobo subscribing for data to watch old videos of all three names you mentioned all December. Their stories might seem unattainable now but their old videos were all the motivation I needed to take Forex fundamentals serious.

Meeting with my broker (Just Markets) in Lagos tomorrow. We would be discussing opportunities to make JARA EA accessible to more traders. Watch out for opportunities in the new month, exciting times ahead!

I believe to my bone marrow that the biggest super app in Nigeria has to be a forum.

A lot of developers feel like we can skip the 'industrial age' and dive straight to shiny tech for the masses.
The truth is we can't out 'app' our general education .. Checkout tills ease traffic in Western malls, they cause traffic in Nigeria, same thing we see in the political space where the political system has been corrupted because it requires the general population to have a baseline level of comprehension and education we simply don't have. There's also too much inherent greed and short sightedness in the space such that developers are quick to overstate the impact of their work, jump at money or soft life at the expense of the hard engineering and applied math grind that should be the core of programming.

On average Nigerian developers are jumping in sectors like productivity, fintech, pharmtech, social media etc where we have no competitive advantage on so many levels. Our economy is playing a catchup so how are we going to compete in those sectors ?

However if we can get past this, we would realise asides ecommerce .. the biggest opportunity for mass adoption once people start getting innovative lies in a Nairaland like forum. Everyday people are complaining about Nairaland yet would die on it, Nairaland people are running to Reddit to try and build up communities, community based apps and groups are popping everywhere.

The biggest reason for this post however is the sheer amount of information on here that people are willing to leave here .. i'm sure it can be extracted and polished in a way such that old monikers would want to access those information, conversations and pass it down to other people. It can also be used to kickstart other communities. There are endless possibilities.

I am seeing conversations from decades ago that are still relevant nowadays and i'm sure these monikers are having these conversations on other platforms albeit without the same sense of Naija community.

We ought to be doing more and completing more deals in this community.

What is the way forward ? Hackathons ?

Afternoon bro .. Please what size VPS do you use ? and do you experience unexplained CPU load ( x3 - 4 of average) sometimes that just mellows out after a while ?

Since the signals are tailored for day trading .. For all trades, you initially open with a 100 pip SL then adjust to break even after 1 hour. I expect a TP of 70 pips or more. Patience/greed/luck determines the eventual amount.

God willing, next week I will be posting manual trades entries using the MACD indicator on the 15mins TF XAUUSD charts. Load up a demo account, learn and risk with me.

Anyone alive ? . Would be nice to meet the OG's. Was reading through this thread and technology has simplified problems faced here decades ago.

monikulapo:
Posting these to show that while the ranging market affected the drawdown on the public EA, in practice it didn't and shouldn't affect a managed EA.

This happened on the public EA because although it adjusted the Martingale and TP for all open orders. What happened was that it stopped placing trades in order to allow to manually manage trades before it continues setting new trades.

I eventually adjusted the risk in the evening to show the Martingale doesn't spiral out of control even without management.

Might have to upgrade the VPS. Realised it's down again just as I checked to update this price. Now i'm understanding why SRE command what they earn.

Observation of the relationship between MACD and RSI.

RSI
The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. It's your "market thermometer" - telling you when prices are getting too hot (overbought) or too cold (oversold).
RSI is excellent for timing entries and exits, but always confirm with price action and trend analysis.
Never trade RSI signals blindly. In strong trends, RSI can remain overbought (>70) or oversold (<30) for extended periods.

Tale of 4 Accounts

Bottom 3 started with 10,000 and were down to almost 3k on Tuesday during the long ranging buy.
Last account was on 5k when the 2nd and 3rd started adjusting the old trades at 3k. Today they have a higher balance and 1/2 - 1/3 less drawdown.
First and Last account didn't adjust their old trades but the first account is 20x larger than the last account so the account owner can afford not to.
However, look how identical EA's on 4 accounts handle different risk management.

Moral of the story, if you have a high risk account .. risk management should be non debatable.

I have also hard coded a conservative hard SL for all accounts so I can refer people to this if they ask why.

monikulapo:
Current Balance = 25,000 (End of week 2)

Current Balance is = 15,000 (End of week 3)

We rode an almost 900 pip trend down to almost -12,000 on the public EA to show that contrary to people's concerns about the martingale, it doesn't go out of hand. Even though it was developed to handle a 100 pip trend, it handled x9 perfectly.

There is nothing to prove anymore so back to slowly stacking pips.

Daddy1000:
I am not one to expose chats of people but if i do your reputation will be bad. You just screenshot where your agenda lap, no wahala. Your EA is good oo, no doubts but anyone here should know that you require a big capital for OP to respect you and not tell you that he is helping you or call you an ingrate if you point out a correction or tell him to respect you.

I even gave you my number, let’s talk but you dey behave how i no even understand.

The problem with trying to be a reasonable entrepreneur is if you give a fellow Nigerian an inch, they would take a mile.

Despite comments from several people to go on Telegram, I coordinate and document everything on here because of a situation like this.

There is nothing i've hidden and there's nothing to expose ... only the profits my EA has been making your account.

DrAda:
I understand why people will take it. I just didn't know it was in practice till now

I don't know why Nairaland bans mentions of the face of United B of A. However, look at his physique compared to other CEO's his age or even Senior pastor of HOTR. I guess it's a niche service in Nigeria because of how we generally gate keep information.

Also as a health provider in Nigeria it makes perfect sense to keep it lowkey and tailored to those groups, I mean I made a post and some guy tried to sensationalize Testosterone in this cheap access to information age.

I mean there's no single mention of a psychiatrist or therapist on this thread .. but people would tell you to go to a Pastor. It's hard for effective healthcare to thrive in this kind of environment.

DrAda:
Interesting. This goes against everything I know

What's Bezos, Musk and co on ? Lol

Alot of addictive activities and drinking increase Estrogen in a male body. Now past the age of 25 you’re also having diminishing testosterone levels as a guy.

Emotionally this expresses itself as rumination, depression, addiction and seeking quick dopamine .. now dopamine, depression, and dopamine seeking activities are also cyclically related aswell making it hard to break the chain once you get in a wrong motion.

Physically .. you’re weaker, hold more fat around your waist and on face, hard to maintain erection, less confident etc.

TRT and Male health is not big in Africa because of obvious miseducation and stubbornness among men but it’s the only reason I would go to Med School.

If you believe in bio hacking.
Go on TRT. Testosterone is cheap in Nigeria, 100mg a week and you would feel like superman and have a clearer outlook on life .. a lot of rumination and religious crutches faced by men in Nigeria is because a lot of us have low testosterone, coupled with mid life crisis. An 18 year old boy bursting with testosterone would never feel like this.
Every male should be on low dose Tadalafil to help with our prostates that's always growing ... why most Nigerian men especially drinkers spend minutes in the toilet every morning and night once they get older.
If you really believe your addictions are stronger than you, you can take NAC to help curb the craving.

All of these are proven and cost less than 70k you spent on funz.

Everyone’s saying go to church …
Even if you are an idol worshipper 50 percent of people around you believe in one of the two major religions.
If you’re 33 and none of the two major religions have moulded your will so far … what would immersing yourself in a congregation of similar people with defeatist mentality looking for a miracle do ?

When Jesus himself the person you are supposed to mirror your behavior along .. would tell you use common sense, be more mindful and appreciate the little things in life ?? Abi what is Proverbs about ?

Our religious, especially Christian indoctrination as Nigerian baffles me .. sends me into whiplash whenever I read 'Christians' talk about religion.

dahmie2013:
Exactly, but they won't believe. May God open their eyes.

As adults we need to start taking responsibility for our actions mehn. What's demonic about already wiring your brain to appreciate certain impulses and developing the will to rewire your brain to appreciate other things.

It's hard Yes, but it's in taking responsibility that you stop generational bad habits or what gullible people have been conditioned by strong willed well educated pastors with means to call generational wickedness.

Solidex:
Addiction to loperamide is quiet strange. Loperamide is an antiintestinal motility which is meeant to slow down your bowel movement, and in turn reduce your frequency of stooling. It's not known to be addictive...so, I think your brain is already wired to think it's a solution to your diarrhea .
The solution, if I may surggest is to sick medical help and investigate the cause of your the diarrhea, instead of persistently ingesting loperide. They are many factors that could be responsible for the diarrhea, which when found could actually be trusted and in at the end stop the recurrence it.
Loperamide could tilt you into having other terrible complications like nutritional deficiency in the nearest future. So put a stop t it and seek help.
Believe me, you your problem far less provided you haven't indulged other heavily addictive substances like nicotine, narcotics etc.
Womanising is not actually a big deal, provided you are not being careless with your act. Patronage of a brothel is just a bit gross and unbiditting of a psn you earns as much as you have stated.
You can enjoy the company of clean gals with as much as you earn without visiting brothels man, wisen up.

Honestly you said it all. Maybe just seek out other forms of cheap dopamine. I'm sensing undiagnosed adult ADHD.
Join a sports team or put yourself in situations where you won't have lots of free time.
It's well, it's not easy being a young man in Nigeria.

I hope the images are self explanatory. I didn't even post the worst of the tantrums.

This is the situation:
1 - Last week you told me you wanted to increase the risk and are able to increase your account balance and I told you what you had to do manually.
2 - On Monday morning you emailed me complaining of your balance, I told you what to immediately to do allow it breathe.
3 - On Monday Afternoon evening when I saw that you weren't doing anything I had to manually cut them myself 4 hours later at the expense of other accounts.
4 - 900 pips later you were still complaining to me when you didn't even do the only thing required of you. Over 900 pips and span of 3 days and you only cut 5 trades out of possible 30.
5 - You didn't increase your balance you didn't cut losing trades and were banking on hope and messaging me hope this account won't blow. What do you expect me to say ??
6 - On Wednesday you were messaging me all sorts of refund messages mentioning how the EA is a failure and scam. It's important to also note this is not the first, second or third time you have done this.


I am glad it's making money and you eventually have nice words about the EA but you already sent me several emails saying otherwise.

I believe customers are always right. Clarity is better to prevent back and forths.

GRACEGLORY:
BTC shot a wick down to $111,500 after holding the support @$112K for over 24hrs. I perceive it could run it back up from here. Hoping it won't break.

I'll DCA from.

I've been a casual observer but your BTC analysis was spot on. Did you use any indicator or just higher tf resistance turning to support analysis ?

Posting these to show that while the ranging market affected the drawdown on the public EA, in practice it didn't and shouldn't affect a managed EA.

This happened on the public EA because although it adjusted the Martingale and TP for all open orders. What happened was that it stopped placing trades in order to allow to manually manage trades before it continues setting new trades.

I eventually adjusted the risk in the evening to show the Martingale doesn't spiral out of control even without management.

In the last five months, there has been 3 times ( 2-4 day periods) where the Gold price gained over 1000 pips.

Now if your account is not large enough or you are not actively managing your risk (This is when the martingale/floating balance gets too large for the account). It is usually during this period a good EA / strategy might experience difficulties.
Reason being, there's no previous zones to act on if it's a buying market, meanwhile all technical indicators would either tell it to reverse trades or to stop trading.

One thing I have also noticed with traders is that risk management is easier said than practiced, so going forward a hard SL is going to be placed on all trades on the EA to prevent trader's from riding a negative trend.

This pic also explains personal risk management for a situation with a floating balance that is twice your daily profit.

What we were faced with and eventually overcame.

1. First Pic shows the Gold charts - on the bottom is the MACD indicator showing strong buy volume and very weak sell volume during expected buys and sells .. causing a very strong trending buying market. Second indicator is the RSI indicator showing Gold being overbought at these times .. technically it's a signal to either join a sell or to wait for a pull back before buying.

2. Second pic shows the Gold candle stick diagram on a daily time frame. Gold has surged past ATH since last week hence no 'solid' support and resistance.

Pheew, this Gold September range has been the steepest and fastest on record. Over 1500 pips in less than 3 days.
This was the perfect opportunity to see the EA being tested and stressed with unfamiliar technical movements and chaotic fundamental news.

I am surprised Daddy1000 hasn't posted. His account was stress tested to the max ... though I wouldn't advise that kind of non risk management. He definitely has a stronger heart than I do.

I was shaky when I checked the market and saw what was going on .. but with how the EA adjusted the Martingale settings (stopped trading and adjusted TP and SL to coinincide with the previous zones 'support' to hopefully catch a pullback) once it realized we were in a strong ranging market ... the previous prices might've been a steal.

Thanks to everyone who keyed into the discount.
Attached is a live EA I started yesterday. This is the EA combo those who keyed into the main package are getting.

First Account - Martingale EA
Second Account - Fixed lot sized EA
Third Account - Reverse fixed lot sized EA.

Initial Balance was 10,000.

monikulapo:
Public Tracking XAUUSD EA

login: 8287480
password: botinvestor1
Broker server: JustMarkets Demo

Starting Balance = 9,900
Current Balance = 20,000 (End of week 1)

Current Balance = 25,000 (End of week 2)

Daddy1000:
Sorry i have not posted for 2 days now, i was down a little bit ill, and the vps switched off yesterday so it didn’t take trades. But so far after yesterday Thursday trading was 8 days of trading on a $100 account & i have made 50% of my capital already ($50). This is my unbiased review so far. 8 days of trading, the consistency so far it’s still there, it manages risks and the major one so far it has performed well in handling major news.

Really appreciate your reviews broski. We shall see x10 God willing.

Next I will be talking about the RSI indicator and how I use it in conjunction with the MACD indicator to determine whether a price zone is overbought or oversold.

It is important to note that while emphasis is on the use of indicators, they are essentially the closing steps on a journey that starts with analyzing the chart with the correct market sentiments.