Background
A few years ago I gave up on using indicators and anything else that distracts from watching price action. God bless the people who can use those tools and be profitable, but I've only ever found them to be a hindrance rather than a help.
I entered into the world of trading almost ten years ago now. Took me a little over two years to realize indicators suck. I've come to believe that the big boys at our beloved banks love it when they see the ocean of retail traders following these things. Easy money for them.
Over the last eight years I've been trading purely based on naked PA. And yes I still look at support and resistance and the occasional fib lines.
System Overview
- Stops are generally between 20 - 100 pips
- Naked PA trading
- Low risk
- Low Drawdown
- Trades on 20 pairs
Goal #1 - $20,000 balance before February 28.
Trade Copying
Monthly - £99
Click here to get the signals
I use 4xSolutions to have trades auto copied into client accounts. It has been an extremely reliable service for me to use. It's super easy to get everything setup and trade execution is very fast. One of the great things about using them instead of a service like ZuluTrade or ZipSignals is that they have no relationship with your broker, so there is no spread markup.
If you don't currently have a VPS provider I would also recommend their hosting service. First month is only 99p, or about $1.63. Zero downtime and unlimited bandwidth. Use coupon code "99pForexVPS".
Weekly Results
Week 1
160.3 pips
1.38% Drawdown
+2.88% Balance
Week 2
661.8 pips
2.19% Drawdown
+9.84% Balance
For those of you who like MyFXBook, here is the link.
Contact Info
E-mail - [email protected]
Skype - PhilDuneFX
Frequently Asked Questions
Can U.S. Traders copy these trades?
Yes
What risk settings should I use?
With the copier it will give you the option of using fixed lots or autosized lots. I recommend using fixed lots with the follow risk suggestions:
Conservative - 1 micro lot for every $2000 of equity
Moderate - 2 micro lots
Aggressive - 4 micro lots
What kind of draw down should I expect?
One thing I can guarantee is that there will never be extended equity drawdown for days and days. This is low risk trading and I never hold on to trades, SLs are almost always under 100 pips.
A few years ago I gave up on using indicators and anything else that distracts from watching price action. God bless the people who can use those tools and be profitable, but I've only ever found them to be a hindrance rather than a help.
I entered into the world of trading almost ten years ago now. Took me a little over two years to realize indicators suck. I've come to believe that the big boys at our beloved banks love it when they see the ocean of retail traders following these things. Easy money for them.
Over the last eight years I've been trading purely based on naked PA. And yes I still look at support and resistance and the occasional fib lines.
System Overview
- Stops are generally between 20 - 100 pips
- Naked PA trading
- Low risk
- Low Drawdown
- Trades on 20 pairs
Goal #1 - $20,000 balance before February 28.
Trade Copying
Monthly - £99
Click here to get the signals
I use 4xSolutions to have trades auto copied into client accounts. It has been an extremely reliable service for me to use. It's super easy to get everything setup and trade execution is very fast. One of the great things about using them instead of a service like ZuluTrade or ZipSignals is that they have no relationship with your broker, so there is no spread markup.
If you don't currently have a VPS provider I would also recommend their hosting service. First month is only 99p, or about $1.63. Zero downtime and unlimited bandwidth. Use coupon code "99pForexVPS".
Weekly Results
Week 1
160.3 pips
1.38% Drawdown
+2.88% Balance
Week 2
661.8 pips
2.19% Drawdown
+9.84% Balance
For those of you who like MyFXBook, here is the link.
Contact Info
E-mail - [email protected]
Skype - PhilDuneFX
Frequently Asked Questions
Can U.S. Traders copy these trades?
Yes
What risk settings should I use?
With the copier it will give you the option of using fixed lots or autosized lots. I recommend using fixed lots with the follow risk suggestions:
Conservative - 1 micro lot for every $2000 of equity
Moderate - 2 micro lots
Aggressive - 4 micro lots
What kind of draw down should I expect?
One thing I can guarantee is that there will never be extended equity drawdown for days and days. This is low risk trading and I never hold on to trades, SLs are almost always under 100 pips.