Hello there!
My name is cubbybgood and I completely had the wrong idea about how to trade forex. It took me 8 years to finally realize this. Please don't let this happen to you! When I started back 10 years ago I was literally looking for any system that could give me 100-500% per month. That being said, I was completely gambling with all of my trading accounts for the first 5 years of trading. I'm not afraid to admit was naive and lost $30k in my first 5 years of trading forex. It was devastating and I just about lost my marriage over it.
Even after the big losses, I didn't want to give up. I hated spending so much time at something just to throw it away. I educated myself over the next many years and traded hundreds of demo accounts using multiple systems. Some of you may know me. I've posted over 10 systems here on FF over the past 5 years. While I was educating myself, I kept the idea in the back of my head that maybe I could still make the $30k I lost back somehow with a magical Holy Grail System. I just had to find it. Well, after 5 years of searching and creating I never found it. In my 8th year of trading I realized I needed to let go of that $30k I lost. I knew it was setting me back. Greed was a powerful weapon against me and it was literally blowing up all my demo accounts. Sometimes it took only a few days and sometimes a few months. I must have tried hundreds of systems here on FF to get to my goals. I also bought and created hundreds of systems as well. None of them worked with me trying to make 50-100% per month. In that 8th year I decided to try for only 10% per month using my own system. Well, I lasted 5 months. Not bad, but still when I had losses I was losing over 20% of my account at one time. I know it was just not feasible trading.
I went back to the drawing board. As some of you may know I released a system I build back a year or two ago here on FF. That system used a specific methodology that allowed the trader to profit in any market, up, down sideways or ranging. I built the system because waiting for specific trading conditions was tiresome. After posting the system I got tuns of feedback. I realized it was very valuable and had profit potential. I asked FF to remove the thread so I could finish developing the system in peace.
Since that time, I quietly took all the best elements of forex trading and created another 30 systems using similar trading methodologies. Many of them I was sure were profitable. They fallowed the trend, had multiple confirmation indicators, used S/R and even took the news into consideration. After a long while of trial and error I only came out with two winning solutions out of the 30. I knew these two systems would be profitable long term so I had them coded into EA's. After a year of testing and 18 different versions I finally finished. The end product is what I've been wanting for years!
My 2 EA's trade the EURGBP exclusively. We'll talk more about this and why.
Although it's only 2-8% per month they can be backtested since the EURGBP was available to trade online in 1994. The first EA shows 1-5% per month from 1994-2015 current date and the second shows 1-3% per month from 1994-2015 current date. Each EA shows it's been profitable for over 21 years. The balance never goes negative. We will talk more bout this and why later.
I've posted my live trading stats here on FF and myfxbook.com so you can see live trades. I will also post pictures of past trades and future trades to come. Note, I'm only using my 1-3% per month EA on this live account. I want to be a contender for myfxbook's autotrade service. Myfxbook does not allow any martingale or simi-martingale systems for the service. My 1-5% EA is simi-martingal so it will not be allowed for the service. This is unfortunate because my 1-5% EA is completely safe.
Keep in mind...The backtests I'll show will be done in mt4 using "open prices only" and "control points". Doing a full test using "every tick" takes weeks. I did one from 1994-2009 and it took 2 weeks! My computer did not like being on for that long. lol. I compared the stats to my "open prices" and "control points" tests and they were almost the identical. The reason for this is because my EA exclusively controls bar open.
What we will talk about here on my thread is the methodology of this type of trading and performance it shows. I'm ready to share with the community this type of trading and why it can make many of the systems you're currently using profitable. Some of you may have already seen these trading aspects in trade but lets talk more about how to implement them safely. Keeping profit expectations realistic is one of the big topics I want to cover in this thread. What's realistic? Lets' talk!
http://widgets.myfxbook.com/widgets/1192406/large.jpg
My name is cubbybgood and I completely had the wrong idea about how to trade forex. It took me 8 years to finally realize this. Please don't let this happen to you! When I started back 10 years ago I was literally looking for any system that could give me 100-500% per month. That being said, I was completely gambling with all of my trading accounts for the first 5 years of trading. I'm not afraid to admit was naive and lost $30k in my first 5 years of trading forex. It was devastating and I just about lost my marriage over it.
Even after the big losses, I didn't want to give up. I hated spending so much time at something just to throw it away. I educated myself over the next many years and traded hundreds of demo accounts using multiple systems. Some of you may know me. I've posted over 10 systems here on FF over the past 5 years. While I was educating myself, I kept the idea in the back of my head that maybe I could still make the $30k I lost back somehow with a magical Holy Grail System. I just had to find it. Well, after 5 years of searching and creating I never found it. In my 8th year of trading I realized I needed to let go of that $30k I lost. I knew it was setting me back. Greed was a powerful weapon against me and it was literally blowing up all my demo accounts. Sometimes it took only a few days and sometimes a few months. I must have tried hundreds of systems here on FF to get to my goals. I also bought and created hundreds of systems as well. None of them worked with me trying to make 50-100% per month. In that 8th year I decided to try for only 10% per month using my own system. Well, I lasted 5 months. Not bad, but still when I had losses I was losing over 20% of my account at one time. I know it was just not feasible trading.
I went back to the drawing board. As some of you may know I released a system I build back a year or two ago here on FF. That system used a specific methodology that allowed the trader to profit in any market, up, down sideways or ranging. I built the system because waiting for specific trading conditions was tiresome. After posting the system I got tuns of feedback. I realized it was very valuable and had profit potential. I asked FF to remove the thread so I could finish developing the system in peace.
Since that time, I quietly took all the best elements of forex trading and created another 30 systems using similar trading methodologies. Many of them I was sure were profitable. They fallowed the trend, had multiple confirmation indicators, used S/R and even took the news into consideration. After a long while of trial and error I only came out with two winning solutions out of the 30. I knew these two systems would be profitable long term so I had them coded into EA's. After a year of testing and 18 different versions I finally finished. The end product is what I've been wanting for years!
My 2 EA's trade the EURGBP exclusively. We'll talk more about this and why.
Although it's only 2-8% per month they can be backtested since the EURGBP was available to trade online in 1994. The first EA shows 1-5% per month from 1994-2015 current date and the second shows 1-3% per month from 1994-2015 current date. Each EA shows it's been profitable for over 21 years. The balance never goes negative. We will talk more bout this and why later.
I've posted my live trading stats here on FF and myfxbook.com so you can see live trades. I will also post pictures of past trades and future trades to come. Note, I'm only using my 1-3% per month EA on this live account. I want to be a contender for myfxbook's autotrade service. Myfxbook does not allow any martingale or simi-martingale systems for the service. My 1-5% EA is simi-martingal so it will not be allowed for the service. This is unfortunate because my 1-5% EA is completely safe.
Keep in mind...The backtests I'll show will be done in mt4 using "open prices only" and "control points". Doing a full test using "every tick" takes weeks. I did one from 1994-2009 and it took 2 weeks! My computer did not like being on for that long. lol. I compared the stats to my "open prices" and "control points" tests and they were almost the identical. The reason for this is because my EA exclusively controls bar open.
What we will talk about here on my thread is the methodology of this type of trading and performance it shows. I'm ready to share with the community this type of trading and why it can make many of the systems you're currently using profitable. Some of you may have already seen these trading aspects in trade but lets talk more about how to implement them safely. Keeping profit expectations realistic is one of the big topics I want to cover in this thread. What's realistic? Lets' talk!
http://widgets.myfxbook.com/widgets/1192406/large.jpg
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