first post. wishing all Happy new year

guest mode activated

Noblezone, happy new year and welcome.

You are at d rt place... Just follow the gurus in the house.

have fun

HAPPY NEW YEAR... ☺☺☺

Happy new year house.

Wow, so a new thread has been created. I wish everyone a pipful year!

Happy New Year House.

May the green pips flow in abundance in our accounts

Happy New Year!

happy newyr people....pipful yr ahead

carried over trades from last yr.......also had my wounds

the yellow line on ea chart below is where am watching to take action

Mack3N:
the yellow line on ea chart below is where am watching to take action

taken..just bought..risk is small from here

Mack3N:

taken..just bought..risk is small from here

could walk awat with 62pips here,moving trade to BE+8pips

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!

Oh happy day to all PIP lovers in the house.

Good moni to yah all..

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

This is the 2nd of Jan.
Pls guys when will the trading platform come alive My trading platforn is saying trading is disabled

uyimen:
This is the 2nd of Jan.
Pls guys when will the trading platform come alive My trading platforn is saying trading is disabled

It's resumed na.

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

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.

gold short activated

Owliver:
sire if you must know, am not trading live currently so am not in a position to decide that. If the majority in this thread agree to it then I will modify. But I will suggest we keep it simple. If we make it "a challenge" it will drive many more out. Just saying.

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........

@ 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

docus:
gold short activated

f0llow u till month end

docus:
gold short activated

this trade is in good health

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.

omejeo:
f0llow u till month end

nice bro, lets ride it down

benpuzzy:


I will short GU at the opening of the Market

locked almost +200pips on two diff positions. "FX IS SWEET".

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

docus:


nice bro, lets ride it down

"FX IS SWEET"

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....

natruetalk:
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....

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