Steve best of luck bro, keep in touch with your progress
Wishing you continued success with OPM..Enjoy! Yes we will stay in touch.
Cheers my friend,
BEST OF TRENDS!
Wish you many pips and good % returns!
I couldnt read all posts so can you plz explains your method trading .
Just read post #3052, he sums up everything nicely in that one post.
hi steviet, i am a new italian trader.... Firstly: thank u for all your free work and help that u provide to us. Secondly: Can u summerize your strategy ? what is your approach? What must be do in order to be constantly profitable.
thanks for your attention
form italy with affection
I have used Steve's MM....
12/05/07 -- 01/16/08 4:00pm ET
Realized +1815 pips
Drawdown -2160 pips
(if all positions were closed, acct would be -0.6%)
January I've taken my first losing trades but still managed to stay profitable...
Jan 14th banked +50 pips over 1 trade
Jan 15th banked +109 pips over 2 trades
Jan 16th banked -589 pips over 8 trades
Jan 17th banked +225 pips over 5 trades
Jan 18th banked +252 pips over 5 trades
Jan 21st banked -1661 pips over 9 trades
Jan 22nd banked +492 pips over 10 trades
Jan 23rd banked +414 pips over 8 trades
Jan 24th banked +359 pips over 7 trades
Jan 25th banked +202 pips over 4 trades
Jan 28th banked +336 pips over 7 trades
Jan 29th banked +307 pips over 6 trades
Jan 30th banked +50 pips over 1 trade
Jan 31st banked +183 pips over 4 trades
Results over 3 months...
Nov +7585 pips (approx 15%)
Dec +1985 pips (aprox 4%)
Jan +2211 pips (aprox 4.5%)
Total of 11781 pips over 316 trades of which 311 have been winning trades and 5 losing trades.
OK, started trading an investors account (just over $100k), 12 days ago and have so far made 79 successful trades and no stops hit. The first week included the biggest daily fall in the FTSE since 9/11, next day was the biggest fed rate change in 25 years and the day after the FTSE rose by the biggest amount in 7 years. Talk about being thrown in at the deep end but I'm still just doing what I do and replicating my results so far.
Good to hear from my friends in PM
I have been following your progress and am very impressed with your results. I use a similar strategy and without any indicators and it works well. Your trading results are proof that the simplier the system, the better the results. All the best and God Bless.
Thanks for your kind words! All the best to you as well.
i read the summary post of your system you gave last year, and given your recent track record on your investor account (AWESOME!) i must say you've caught my attention again!!
i just have a couple more questions or comments - apologies in advance if the answers are obvious - so here goes:
1. i note that some of your trades seem to be closed at t/p whilet others look like they're closed after letting them run for a bit (see bold lines from your jan figures)
2, i can see why you've picked a beast like the gbp/jpy since retracements or whipsaws can quickly fill your t/p's, have you considered another monster - gbp/chf for this strategy? obviously the gbp side of the equation is the same and currently the other sides have lower interest rates than the pound and similar future expectations i think so the price action should be similar as well.
3. what's the biggest drawdown you've encountered so far, against any one trade? like i said the volatility on these monster pairs is usually enough to ensure your profits are hit, but a sustained trend could make some of these positions uncomfortable surely..? looks like in your case, for now, the market has always come back!! lol
phew! sorry for the long questions!! feel free to answer or ignore...
btw, elements of your system remind me of BWILC where Du Toit would cut his profits short and let his losses run and i think he did something similar to you on the euro and pound (others pls correct if im wrong!)
take care my friend!
Here you go Iso :)
Well hi there Iso - good to see you again my friend.
I'll answer your questions if I may in a bold red as my wife reminds me its Valentines Day & lurve is in the air
I've checked in on your thread from time to time over the past several months. I must say, you are one of the true Forex trading success stories and you appear to have done it with humility. I just wanted to say congrats!
I have my own trading tactics so I'm not aware of how you're trading, but you taken something and made it work and that's all that matters. Here's to your continued success!
Your kind words are much appreciated. It sounds like you too have found a style that suits you and you are having success with.
Best of trading to you!
thanks for all your replies stevie, hope you got some good luuvin' yesterday
i've actually been practising a system similar to yours over the past few days and managed to eke out 500 pips!
i'm demoing on interbankfx mt4 platform - they let you go, er, "bothways" i think but i haven't got to that stage yet.LOL
i know it's early days but have a look at the statement. i'm using 0.2% per trade and have been batching them up in 3's on the 4h chart with the current one just a single trade.
there is definitely potential in what you've come up with but i have some more questions for ya if you don't mind too much...
(statement is a pdf file, why can't we upload html files??)
it wont't be more than a couple of posts. i think you said the current daily range is from 204-214 which i also agree with. so this is the current "grid" to borrow from drforex on FF (aka BWILC Dirk Du Toit). the blue lines highlight the range.
btw if i make any wrong assumptions or statements about your method please step in and correct!
Just checked out your pdf file & looks like you're doing far better than me - must be beginners luck :
Seriously, as you know it has worked for me for a good period of time now and as long as you keep your head the there's no reason why anyone couldn't be successful trading a similar way.
Ask whatever you like and I'll see what I can do
Correct so far :
© Forex Factory