Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Disciplined life -> Disciplined trading -> Success 8 replies

A Disciplined 15min method 40 replies

who trades Correlated pairs? 0 replies

correlated pairs 2 replies

Pairs least correlated to GBP/JPY? 1 reply

Attachments: Correlated pairs method for disciplined traders
Exit Attachments

Correlated pairs method for disciplined traders

  • Post #1
  • Quote
  • First Post: Nov 16, 2014 12:19am Nov 16, 2014 12:19am
This method is not for get rich quick in forex.this is for disciplined traders who want create wealth
Quoting wealthpro
This method is not for get rich quick in forex.this is for disciplined traders who want create wealth
what the method???
I will explain the system. Very simple system.this system not invented by me. I am modify little
pairs cad/jpy eur/jpy , each 250 usd capital .use 0.01 lot

cad/jpy buy same time eur/jpy sell check the tade two or three time a day exit when the difference between those two position is greater than or equal 6 usd simultaneously close both position



+ before go in to live trading do it in demo at least three month
+ use this method with caution.i will not held any responsibility
Quoting wealthpro
I will explain the system. Very simple system.this system not invented by me. I am modify little pairs cad/jpy eur/jpy , each 250 usd capital .use 0.01 lot cad/jpy buy same time eur/jpy sell check the tade two or three time a day exit when the difference between those two position is greater than or equal 6 usd simultaneously close both position + before go in to live trading do it in demo at least three month + use this method with caution.i will not held any responsibility

Smells fishy...

I don't think it is a valid trading system. ON long term it isn't going to work.
Buy at the Low, Sell at the High You make money by waiting not by trading.
If you want money long term you need old shool technical analysis.. And money and Patience.. and a good trading system.

All other systems to my experience do not work, i tested a lot of stuff, hundreds of EAs, strategy of every type...

Nothing in the end worked..

And you need capital 250$ is too low to open an account...


You can be lucky in the short term and make a lot of money but luck does not last forever..
Buy at the Low, Sell at the High You make money by waiting not by trading.
Pointless. Just save yourself the spread and sell eur/cad, which is the same thing.
Quoting wealthpro
I will explain the system. Very simple system.this system not invented by me. I am modify little pairs cad/jpy eur/jpy , each 250 usd capital .use 0.01 lot cad/jpy buy same time eur/jpy sell check the tade two or three time a day exit when the difference between those two position is greater than or equal 6 usd simultaneously close both position + before go in to live trading do it in demo at least three month + use this method with caution.i will not held any responsibility
ROFL. Both CAD/JPY and EUR/JPY are expressed in JPY: buying one and selling the other exactely cancels out the yen. This "system" is simply about randomly shorting EUR/CAD with no stop paying twice the spread.

BTW that's now 12 weeks E/Cad can't break the 1.4000 level. Even in the case it does so we are almost at this level: E/Cad can easily bounce up 300 pips before actually breaking. With your MM that would be $26.60 = 10.7% floating DD on the account while the target is $6... This is a winning scenario!

"guranteed minimum 25% p.a" you forgot to tell in which direction....
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD-W1-bearish_scenario.png Size: 13 KB
No greed. No fear. Just maths.
Quoting Iro
Pointless. Just save yourself the spread and sell eur/cad, which is the same thing.
You may do it but if you change the system then your 25% profit will not be guaranteed!
Quoting Lacunoide
If you want money long term you need old shool technical analysis.. And money and Patience.. and a good trading system. All other systems to my experience do not work, i tested a lot of stuff, hundreds of EAs, strategy of every type... Nothing in the end worked.. And you need capital 250$ is too low to open an account... You can be lucky in the short term and make a lot of money but luck does not last forever..
lacunoide
even you are not put a single trde with this system but you said it is not going to work thats fine.i told in my first post this system is fordisipline traders only
Quoting PipMeUp
{quote} ROFL. Both CAD/JPY and EUR/JPY are expressed in JPY: buying one and selling the other exactely cancels out the yen. This "system" is simply about randomly shorting EUR/CAD with no stop paying twice the spread. BTW that's now 12 weeks E/Cad can't break the 1.4000 level. Even in the case it does so we are almost at this level: E/Cad can easily bounce up 300 pips before actually breaking. With your MM that would be $26.60 = 10.7% floating DD on the account while the target is $6... This is a winning scenario! "guranteed minimum 25% p.a" you...
dear pips me up
do the demo trading at least three month then come to here.if this is not suitable to you dont follow
Quoting tunera
{quote} You may do it but if you change the system then your 25% profit will not be guaranteed!
You made my day
No greed. No fear. Just maths.
Quoting Lacunoide
If you want money long term you need old shool technical analysis.. And money and Patience.. and a good trading system. All other systems to my experience do not work, i tested a lot of stuff, hundreds of EAs, strategy of every type... Nothing in the end worked.. And you need capital 250$ is too low to open an account... You can be lucky in the short term and make a lot of money but luck does not last forever..
can you explain why this system will not work through your experience
What wealthpro is doing is he is hedging one par with the other. This is a valid system.
I trade other pairs too. But you need to test it long term and for other pairs use the right ratio cause
there will be times where you will see drawdowns that are wider and longer time than normal.
Also it is recomended that you use a EA for tp.
Nice wealthpro

4x
This is just the well-known hedge system which is proved not to be profitable on long term trade. At least it needs some logic for the entry point, how many trades to take per day, how to exit, etc. which is missing in the description of this strategy. Also it would be helpful for the readers to see some forward test results by the author.
Trading is the hardest way to make easy money...
Quoting MathTrader7
This is just the well-known hedge system which is proved not to be profitable on long term trade. At least it needs some logic for the entry point, how many trades to take per day, how to exit, etc. which is missing in the description of this strategy. Also it would be helpful for the readers to see some forward test results by the author.
dear mathtrader
even you are not read properly but you said it is not to profitable long term.(i already explain where to exit and money management). i am advise to you dont waste your time here
Quoting 4xPIPAHOLIC
What wealthpro is doing is he is hedging one par with the other. This is a valid system. I trade other pairs too. But you need to test it long term and for other pairs use the right ratio cause there will be times where you will see drawdowns that are wider and longer time than normal. Also it is recomended that you use a EA for tp. Nice wealthpro 4x
thank you 4xpipholic
i will explain futher how to minimise draw down.wait for a while
I really hope that this whole thread is 100% sarcastic.
Quoting wealthpro
{quote} can you explain why this system will not work through your experience
I already explained it.

Your system is base on luck, it will work untill your are lucky.. then you will be wipe out.

That's all.

If it worked everyone will be using it... but that isn't the case.......
Buy at the Low, Sell at the High You make money by waiting not by trading.
Drawdown has nothing to do with profits. That is one of the false teachings by those who want you to lose.
My drawdowns are almost always larger than my take profit, but I do pretty good. Actually, better than most.
Quoting tunera
I really hope that this whole thread is 100% sarcastic.
tunera
what you said is true.exsample is "mathtrader7"
0 traders viewing now