Hello,
Spent already 8 years in FX. However, unsuccessfully, admitting that. Always have been trying to use different systems, trying different trading strategies but all of them went to the 0 in my trading accounts. Also tried creating robots, took a lot of time, created also +20 EAs, showing great results in demo but in real life they were not giving a proper movement. Maybe I was expecting too much from them and taking too big risk...
So this is my last contribution to FF. Either it will show me that there is hope or i will have to do something else in my life..
This thread will consist of 2 different strategies:
1. Neural network(deep learning) EA. Spent a year on this system, read lots of books, tested a lot of it, spent money on its creation as some steps i was not able to implement by myself to this EA. It taskes ONLY USDCAD trades with fixed tp/sl ratio based on divergence in this pair. Risk will be 1% per balance. On paper in last 3 weeks it made 22wins vs 12 loss, so 10TP during this time. Target is to make 20-30% annually with this bot, having not bigger than 20% DD. Lets see how it will go.
2. Manual trades. After long time of investigation, found where are the leaks of myself and will try to solve them back in demo account and will see how it goes. Expectations - 20%-30% annually with a DD(drawdown) not bigger than 20% There are 3 main steps that always should be kept to have not a negative portfolio:
Spent already 8 years in FX. However, unsuccessfully, admitting that. Always have been trying to use different systems, trying different trading strategies but all of them went to the 0 in my trading accounts. Also tried creating robots, took a lot of time, created also +20 EAs, showing great results in demo but in real life they were not giving a proper movement. Maybe I was expecting too much from them and taking too big risk...
So this is my last contribution to FF. Either it will show me that there is hope or i will have to do something else in my life..
This thread will consist of 2 different strategies:
1. Neural network(deep learning) EA. Spent a year on this system, read lots of books, tested a lot of it, spent money on its creation as some steps i was not able to implement by myself to this EA. It taskes ONLY USDCAD trades with fixed tp/sl ratio based on divergence in this pair. Risk will be 1% per balance. On paper in last 3 weeks it made 22wins vs 12 loss, so 10TP during this time. Target is to make 20-30% annually with this bot, having not bigger than 20% DD. Lets see how it will go.
2. Manual trades. After long time of investigation, found where are the leaks of myself and will try to solve them back in demo account and will see how it goes. Expectations - 20%-30% annually with a DD(drawdown) not bigger than 20% There are 3 main steps that always should be kept to have not a negative portfolio:
- Psychology - first you have to to understand that it is a long term game. It is hard but you should to understand. You can bet big, but chances to become a millionaire during a night or year is hardly possible.
- System - to trade something you will need a system. It is up to you what you use. I will try to follow channels and trade brakes and divergences.
- Risk management - no more 2% per trade! If you increase it, wou will become a loser in long term. As putting a trade you always lose money(pay commission and fees) your first target is money preservation, second is steady capital growth, and only the LAST one is making profits. Not vice versa as everyone would like to have. Take best trades only, need to develop patience and discipline. If you want to have fun in FF(as i was doing before, putting trades without proper analysis) it is better to go to casino, at least you get some drinks for free.
Lets begin this journey. Trade explorer is named ALGO AND LT TRADING IDEAS. It is easy to generate trading ideas, but is hard to find a proper money manager to have these ideas properly translated into money.
