DISCLAIMER: Risks Associated with FOREX and Trading Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the FOREX market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of FOREX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders. There are also risks associated with utilizing an internet-based deal execution software application including, but not limited, to the failure of hardware and software. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. In compliance with FXStat's Terms & Conditions above all else, by subscribing to this service, you are fully aware of the nature of FX trading and take full responsibility for your own actions, including the management of the signals of this service and my accompanying recommendations on your own account. -------------------------------------------------------------------------------------------------------------------------------------- Hi everyone! After a substantial amount of time involving lots of frustration and discouragement, I have finally found a trading strategy which suits me just perfectly and which brings about realistic returns This one strategy I've been using for the past few months is a semi-automatic one and only takes me 5-10 minutes a day to trade successfully. Here are the key characteristics: 1. Every day at roll-over time (22:00 pm GMT) I scan the markets and, if there's an opportunity, I set the scene accordingly with a BUY stop and a SELL stop pending order. 2. The moment a trade is triggered, the automatic money management EA steps in and takes over until we are able to exit this market. 3. After the first trade is triggered, there are basically 2 outcomes: A. either the market goes straight to take-profit in one move and we bank our 1.5% profit. B. the market reverses and activates the SL of the initial trade and simultaneously activates the first recovery trade to the opposite side. From this moment on we are officially 'In Recovery' and will exit at breakeven (usually a bit more) when the market reaches take-profit at the opposite side. This method of exiting and entering a position to the opposite side is maintained until the market makes the move one way and allows us to exit the position at breakeven. The price location for the pending orders, stop losses and take-profits are kept constant. These together with the total amount of incurred stop-outs determine what the lot size should be for the next trade so we come out on top after take-profit is reached. 4. I'll never engage in more than 2-3 markets simultaneousy to ensure there's plenty of margin available. The beauty of this thing is that it takes me only 5 minutes a day and doesn't require me to manually manage anything, hence inhibiting my human emotions from interfering whatsoever. The money management EA will strictly do its job of taking care of the position, in WHATEVER direction the market may go. We only need the market to move just enough to hit either take-profit level, thereby greatly reducing complexity of the trading task at hand. However, make no mistake: the strategy requires patience. We won't get rich overnight with this. Remember, the only way to make proper profit here is when the market goes to TP without going 'Into Recovery'. Once 'Into Recovery', the sole objective becomes exiting at breakeven (although it is convenient that we usually end up with a little bit of additional profits after recovery as well) and be disciplined to sit out this journey of reaching breakeven. Therefore my goal is to make us at least 2-3% a month which requires me to catch a minimum of 2 straight winners, which is definitely feasible. Please take into consideration that there will be drawdown along the way (as all systems inevitably have), all the more so when a market ranges and we go through several iterations of recovery. Even with very conservative parameters, the account can withstand 13 to 14 iterations in a single market before it gets blown eventually. This is very important to know upfront and something I want to stay as honest and transparant about as I possibly can. Why I believe we should never reach these iteration levels is due to the fact that I'm trading this strategy SEMI-automatically; i.e. it is me who is going to pick the levels at which to initiate the trading cycle and only then hand the remainder of the journey over to the money management EA. Many tests using this recovery method incorporated within fully automatic trading EAs proved to be unreliable and not worth to be risked with a live account. I hope to prove with this semi-automatic strategy otherwise. After all the above, if you still decide to jump on the train with me -- apart from welcoming you aboard! -- there are 4 recommendations to take into consideration: 1. Use a trading account which allows you to trade all FX pairs in addition to Gold (XAUUSD). 2. Have at least 1:100 leverage (although I recommend 1:200, which I'm using myself). 3. Scale your lot sizes according to the ratio between your balance and my balance before the start of a cycle (for instance: when I trade 1 lot on a particular pair with 10.000 EUR, you should trade 0.1 lot on that same pair with a 1000 EUR account and vice versa). 4. Avoid joining in on a pair which is already 'In Recovery'. Ideally you should join in from the start, of which the pending BUY order and SELL order are marked with the respective comment 'Initial BUY' and 'Initial SELL'. 5. Avoid having other EA(s) or yourself take other trades on this same account while you are subscribed to this service. 6. Avoid withdrawing any money whilst there are still active trades going on. The reason being to ensure there is enough margin in the account to properly execute the strategy and to not disturb the progression of the lot sizes. Wishing you green pips in any case!