any system will have good weeks and bad ones so we have to prepare for all occasions:cheesy:
yeah you are correct, i too trade with diff magic nos. and FMT ea takes trades at london opening.:rambo:Been looking over the EURUSD, but it seems very hit and miss.
I think one is better spent becoming proficient with the GPBUSD system and increasing lot size as you become comfortable.
I am sure Mark has played around with the other major pairs, but found this to be the mot profitable. :cheesy:
At times we become our own worst enemy and always looking for another trade to enter. If it is true that 90% of traders are losers, the more you stay out of the market the more you win.
Work your trading balance up using simple mm. Compounding is a powerful principle.
If you trust Mark's figures from 2009 and upto and including July 2010, the average is almost 50 pips per week, but lets say 40. I think trading manually with the trend you could do better.
Starting with $2000 and 2.5% risk in 26 weeks it becomes over $3500 and if you risk 5% it becomes over $6000. A $10000 account using 5 % in 26 weeks becomes $31000 :clap:
Very few traders are able to this because they become addicted to trading and end up treading water or worse, blowing their account
If anybody wants a good Money Management template for excel, let me know.
Gil
I trade the EUR/USD on the daily time frame using forex Rebellion. It's very profitable. I trade 2 seperate positions. One is using a 225 pip target with a 150 pip stop loss in most cases. I move the position to break even ( using a break even EA) after 100 pips of profit.
The second position is almost exactly the same except I leave the position open as long as possible until the candle closes below/above the moving average. But this is for another thread. If you'd like to start another thread with forex rebellion I'll join you. I also have successful strategies with it on the 4 hr. time frame. $$$$$
with all due respect this trading journal is all about ForexMorningTrade...anyone wants to discuss other EAs should please open a new thread....It is not ethical to talk of other EA results hereI trade the EUR/USD on the daily time frame using forex Rebellion. It's very profitable. I trade 2 seperate positions. One is using a 225 pip target with a 150 pip stop loss in most cases. I move the position to break even ( using a break even EA) after 100 pips of profit.
The second position is almost exactly the same except I leave the position open as long as possible until the candle closes below/above the moving average. But this is for another thread. If you'd like to start another thread with forex rebellion I'll join you. I also have successful strategies with it on the 4 hr. time frame. $$$$$
fftopic:
