Hello Forex traders,
I am a professional Forex trend trader and use a specific mechanical / algorithmic system that is based upon classic trend following methodology. Basically, that means I have a set of rules which I use to determine my trades. This is not discretionary trading, it is a rule based system.
When my system dictates, I enter my trades manually (I do not use any software to execute my market entry). I live and maintain my office in New York City and trade during the east coast waking day. I am human and sometimes miss trades that I should have otherwise taken when my rules dictate doing so.
This method is one that aims for an absolute return. That means that while my trend following system has generated returns of +100% / year, it also experiences drawdown periods of -30% at times. Currency and equity markets have been trending well over the last few years, both to the upside and to the downside. This style of trading works well in trending markets, it performs poorly in ranging markets. It is not a trading method that should be used by the faint of heart, nor is it one that you should dedicate 100% of your capital to. Past performance is not a guarantee of future performance.
The number of losing trades I take is high, the number of winning trades I take is low. My winning trades are huge winners, my losing trades are small losers. I buy high looking to sell higher, I sell low looking to buy back lower. Both my winning and losing trades close out at the stop loss point. THE TREND IS YOUR FRIEND UNTIL THE END WHEN IT BENDS.
I trade this system (along with a few others) using a few different brokerage accounts. For purposes of posting to this forum I will be basing my trades on a $100,000 notional account. This will determine my position sizing as well as provide an absolute barometer for the performance of my system. I currently trade 20 pairs including gold and silver.
I will be posting trades as I take them. That means I will be posting the currency pair, lot size, and stop loss point. I never enter take profit / limit orders or close my orders at market. My trades always close out at the stop loss point. Again, this is a trend following system, it aims to enter when a trend is starting, it does not predict how far the hopeful trend will eventually go. The losses are predefined while the gains have no limit.
This is a robust trend trading system and has a number of moving parts.
To make sure everything is straight, I make a lot of money trading the Forex. I am a rabid capitalist and am looking to add a fee for service and an advisory element to my business. I won’t be posting my trades for the fun of it or because I have time to burn, my goal is to build a constantly growing loyal client base. My initial advisory service will charge somewhere between $100 - $300 per month, I then plan to add a managed account aspect to the business which will charge a 2% management fee + 20% of the profits. That is my incentive for creating a public record by posting my trades to this forum.
Like any good business, I will gladly take client or potential client telephone calls, e-mails, and visits to my office (located in New York City).
Good luck and good luck trading.
I am a professional Forex trend trader and use a specific mechanical / algorithmic system that is based upon classic trend following methodology. Basically, that means I have a set of rules which I use to determine my trades. This is not discretionary trading, it is a rule based system.
When my system dictates, I enter my trades manually (I do not use any software to execute my market entry). I live and maintain my office in New York City and trade during the east coast waking day. I am human and sometimes miss trades that I should have otherwise taken when my rules dictate doing so.
This method is one that aims for an absolute return. That means that while my trend following system has generated returns of +100% / year, it also experiences drawdown periods of -30% at times. Currency and equity markets have been trending well over the last few years, both to the upside and to the downside. This style of trading works well in trending markets, it performs poorly in ranging markets. It is not a trading method that should be used by the faint of heart, nor is it one that you should dedicate 100% of your capital to. Past performance is not a guarantee of future performance.
The number of losing trades I take is high, the number of winning trades I take is low. My winning trades are huge winners, my losing trades are small losers. I buy high looking to sell higher, I sell low looking to buy back lower. Both my winning and losing trades close out at the stop loss point. THE TREND IS YOUR FRIEND UNTIL THE END WHEN IT BENDS.
I trade this system (along with a few others) using a few different brokerage accounts. For purposes of posting to this forum I will be basing my trades on a $100,000 notional account. This will determine my position sizing as well as provide an absolute barometer for the performance of my system. I currently trade 20 pairs including gold and silver.
I will be posting trades as I take them. That means I will be posting the currency pair, lot size, and stop loss point. I never enter take profit / limit orders or close my orders at market. My trades always close out at the stop loss point. Again, this is a trend following system, it aims to enter when a trend is starting, it does not predict how far the hopeful trend will eventually go. The losses are predefined while the gains have no limit.
This is a robust trend trading system and has a number of moving parts.
To make sure everything is straight, I make a lot of money trading the Forex. I am a rabid capitalist and am looking to add a fee for service and an advisory element to my business. I won’t be posting my trades for the fun of it or because I have time to burn, my goal is to build a constantly growing loyal client base. My initial advisory service will charge somewhere between $100 - $300 per month, I then plan to add a managed account aspect to the business which will charge a 2% management fee + 20% of the profits. That is my incentive for creating a public record by posting my trades to this forum.
Like any good business, I will gladly take client or potential client telephone calls, e-mails, and visits to my office (located in New York City).
Good luck and good luck trading.