Introduction
Hello dear traders
I've been a trader for more than 13 years now and started since I was barely just 18 years old when I started first with binary options trading.
I am now a full-time forex trader and I have been trying many times to find a constant and profitable trader on copy trading platforms, signals, etc. but I have never managed to find one.
We all know forex trading is extremely hard and I have heard of many other traders that are struggling at becoming constant and profitable. Usually, all systems fail after a few months and never saw a trader lasting for more than 6 months so far.
I have decided to become a trader myself on ZuluTrade, I want to show people that it can be done, with extreme efforts and dedication.
My trading account already has more than 29 weeks and 6 months of trading and managed to end all months with profits being generated.
The system generated almost 6.000 pips in this time while keeping the account drawdown less than 25%
Strategy:
The strategy I am using is very simple but can be very effective long time if applied properly.
Using RSI and Bollinger Bands I identify when markets are overbought/oversold on different time-frames starting from 4h upwards.
Using the simple rule that in 95% of cases when price breaks the upper/lower Bollinger Bands it should retrace back within bands at some point, trades are opened counter-trend.
If the initial trade goes against it, a new position is opened in the same direction on the same pair. Up to 12-13 positions can be opened at the same time for one pair and a max of 24 positions for all account.
I know this must sound a bit risky, but I am actually using very strict money management which is the most important part of the strategy, allowing me to have freedom of choice and without letting small mistakes cost me a big chunk of my account. I am using only 0.01 lots for every 1.000$ in every position.
Goals and stats:
-My main goal is to prove that trading can be sustained long term if it's done properly and carefully, I want to grow the account which sits now at approx. $1,800 to more than $100,000 compounding only.
- I want to help more traders become profitable by helping them understand that the most important part of forex trading is solid money management, patience and discipline
-I currently have 29 profitable trading weeks out of 29 with an over 90% win rate of all trades
- More than 5900 pips were generated with 389 trades.
- Drawdown sits below 25% which I find acceptable for now. In the future, I could use stricter money management if I find I must protect capital even more
- Average monthly profit is somewhere around 7.8%
Feel free to analyze my trading history and come back if you have any questions.
I will keep updating this thread on a weekly basis with trades and analyze the trades for you
Hello dear traders
I've been a trader for more than 13 years now and started since I was barely just 18 years old when I started first with binary options trading.
I am now a full-time forex trader and I have been trying many times to find a constant and profitable trader on copy trading platforms, signals, etc. but I have never managed to find one.
We all know forex trading is extremely hard and I have heard of many other traders that are struggling at becoming constant and profitable. Usually, all systems fail after a few months and never saw a trader lasting for more than 6 months so far.
I have decided to become a trader myself on ZuluTrade, I want to show people that it can be done, with extreme efforts and dedication.
My trading account already has more than 29 weeks and 6 months of trading and managed to end all months with profits being generated.
The system generated almost 6.000 pips in this time while keeping the account drawdown less than 25%
Strategy:
The strategy I am using is very simple but can be very effective long time if applied properly.
Using RSI and Bollinger Bands I identify when markets are overbought/oversold on different time-frames starting from 4h upwards.
Using the simple rule that in 95% of cases when price breaks the upper/lower Bollinger Bands it should retrace back within bands at some point, trades are opened counter-trend.
If the initial trade goes against it, a new position is opened in the same direction on the same pair. Up to 12-13 positions can be opened at the same time for one pair and a max of 24 positions for all account.
I know this must sound a bit risky, but I am actually using very strict money management which is the most important part of the strategy, allowing me to have freedom of choice and without letting small mistakes cost me a big chunk of my account. I am using only 0.01 lots for every 1.000$ in every position.
Goals and stats:
-My main goal is to prove that trading can be sustained long term if it's done properly and carefully, I want to grow the account which sits now at approx. $1,800 to more than $100,000 compounding only.
- I want to help more traders become profitable by helping them understand that the most important part of forex trading is solid money management, patience and discipline
-I currently have 29 profitable trading weeks out of 29 with an over 90% win rate of all trades
- More than 5900 pips were generated with 389 trades.
- Drawdown sits below 25% which I find acceptable for now. In the future, I could use stricter money management if I find I must protect capital even more
- Average monthly profit is somewhere around 7.8%
Feel free to analyze my trading history and come back if you have any questions.
I will keep updating this thread on a weekly basis with trades and analyze the trades for you