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A question to traders

May 30, 2012 12:56 pm
#1
georgeb User

پوسٹ: 48
کب سے رکن ہے: 08/03/2012

Do you trade anywhere else apart from here? Like in zulutrade or tradency's mirror trader?

Jun 01, 2012 02:55 am
Sasha User

پوسٹ: 836
کب سے رکن ہے: 16/05/2011

I havnt used any of the autotrading platform so far. Neither forum nor any other activity. I keep visiting other sites who provide autotrading services. But never used it.

Jun 01, 2012 10:31 am
CFXsignals User

پوسٹ: 359
کب سے رکن ہے: 21/05/2012

Problem I see with a lot of the autotraders is that the pip winners is 2-5 pips.  If you factor in inevitable slippage, spread and then the commision to fxstat then you are essentially will be losing money using them.  The only way is to find a trader who consistently has a decent size of wins.

Jun 01, 2012 03:50 pm
leebut User

پوسٹ: 158
کب سے رکن ہے: 16/07/2011

Yes. I trade myself by learning and applying. I'm developing a strategy of my own, which has so far resulted in profits: http://www.fxstat.com/performances/view/HD_H4-10922

It's not a huge return, but I'm still developing it, and it's a heck of a lot better that what was happenning before with my trading. This week retracements took out some trades for less than 10  PIPs, which is something for me to evaluate in terms of developing the strategy.

If you have time, learn the basics, demo trade and then risk your money yourself. Remember, when the people you auto trade with start losing, you won't be able to blame them. If they don't have stops, will your account handle that? Theare are many things to consider before you risk your money with other people.

Jun 02, 2012 06:01 am
ironical User

پوسٹ: 734
کب سے رکن ہے: 22/04/2011

Originally posted by leebut
Yes. I trade myself by learning and applying. I'm developing a strategy of my own, which has so far resulted in profits: http://www.fxstat.com/performances/view/HD_H4-10922 It's not a huge return, but I'm still developing it, and it's a heck of a lot better that what was happenning before with my trading. This week retracements took out some trades for less than 10  PIPs, which is something for me to evaluate in terms of developing the strategy. If you have time, learn the basics, demo trade and then risk your money yourself. Remember, when the people you auto trade with start losing, you won't be able to blame them. If they don't have stops, will your account handle that? Theare are many things to consider before you risk your money with other people.


Your performance link is not working. It is giving application error.

The good or ill of a man lies within his own will. – Epictetus

Jun 02, 2012 09:49 am
CFXsignals User

پوسٹ: 359
کب سے رکن ہے: 21/05/2012

Leebut - you from the UK? I would be interested to chat about your strat if you are around. More ideas the better!

Jun 02, 2012 11:40 am
leebut User

پوسٹ: 158
کب سے رکن ہے: 16/07/2011

Try this link: http://www.fxstat.com/en/performances/view/HD_H4-10922

CFXsignals, yes I am in the UK. It is basically a MACD, hidden divergence strategy on H4 charts. I take my signals in the direction of the trend so it is inverse to traditional divergence. It has the potential to catch big moves (over 600 PIPs on 1 lot of GBP/NZD before the reversal), but can also catch revesals. I'm trading two micro lots per trade on separate tickets. It's still early doors and I'm playing around with exit strategies and stop placements.

Jun 02, 2012 11:47 am
nikotien User

پوسٹ: 26
کب سے رکن ہے: 22/04/2012

I myself was a new trader in forex trading. I am more focused use of technical manuals. strategy I use is simple, just rely on indicators MA, and stohastic.

Jun 02, 2012 01:59 pm
CFXsignals User

پوسٹ: 359
کب سے رکن ہے: 21/05/2012

Thanks for that - still early days - need to see if it works through all the various market phases.

Jun 03, 2012 11:04 am
nikotien User

پوسٹ: 26
کب سے رکن ہے: 22/04/2012

every trader must have its own strategy in the trade. probably the hardest question in the trade is how to control emotions and use good money management. because many traders who suffered losses due to the less able to control himself in the trade

Jun 03, 2012 02:23 pm
CFXsignals User

پوسٹ: 359
کب سے رکن ہے: 21/05/2012

I don't think that money management/trading strategy/emotions are seperate things at all - they are all influencing about where you place a trade entry and exit without money management, then you have no trading strategy, without emotional control you have no trading strategy, and without trading strategy, you have no way of being profitable.