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System X

  • #1
  • First Post: Jan 25, 2018 11:50pm Jan 25, 2018 11:50pm
It has been a long time coming! Finally moving to the next level with my trading system. This is automated trading. System is based on technical analysis, with pivot points used, depending on how far price is, to determine trend continuation or exhaustion.
  • #2
  • Jan 26, 2018 12:02am Jan 26, 2018 12:02am
Well since this is automated, dont expect any charts. My trade explorer is opened for now. Hopefully it will speak for itself!
  • #3
  • Jan 26, 2018 12:11am Jan 26, 2018 12:11am
A trader has only two objective:

1. Capital preservation
2. Capital appreciation

Everything you do will justify the above objectives with the most important thing being capital preservation. Having said that it is always important to come up with good risk and money management techniques that helps to stay in the markets longer. With that, most systems can be profitable!
  • #4
  • Jan 26, 2018 12:17am Jan 26, 2018 12:17am
Trading is exclusively limited to EURUSD,GBPUSD,USDJPY,USDCAD,NZDUSD and AUDUSD off the ! Hour chart.
  • #5
  • Jan 26, 2018 12:20am Jan 26, 2018 12:20am
As my trade explorer wait for its first close to update. I have NZDUSD [email protected] opened. SL:0.72894 TP:0.74294
  • #6
  • Jan 26, 2018 12:23am Jan 26, 2018 12:23am
Quoting babakeni
It has been a long time coming! Finally moving to the next level with my trading system. This is automated trading. System is based on technical analysis, with pivot points used, depending on how far price is, to determine trend continuation or exhaustion.
I am the fan of EA. Are you develop this EA yourself? Can share the risk % per trade, drawdown and return?
  • #7
  • Jan 26, 2018 12:29am Jan 26, 2018 12:29am
All trades have SL and TP, with risk/reward of 50/90
  • #8
  • Jan 26, 2018 12:31am Jan 26, 2018 12:31am
Patience is key to trading. Expect a loss here and there as part of trading though it is my belief in the long run it will be profitable.
  • #9
  • Jan 26, 2018 12:34am Jan 26, 2018 12:34am
Quoting happytrade38
{quote} I am the fan of EA. Are you develop this EA yourself? Can share the risk % per trade, drawdown and return?
Hi Happy, yes it is my own developed EA. As for the other metrics you will know with time as this is a forward test. I expect drawdown to be above 40%
  • #10
  • Jan 26, 2018 12:41am Jan 26, 2018 12:41am
Quoting babakeni
{quote} Hi Happy, yes it is my own developed EA. As for the other metrics you will know with time as this is a forward test. I expect drawdown to be above 40%
Good luck.
  • #11
  • Jan 26, 2018 12:43am Jan 26, 2018 12:43am
Potential trades in the coming hours. AUDUSD Buy and USDCAD Sell. Will update with the entry details once the EA triggers them. Enjoy!
  • #12
  • Jan 26, 2018 12:49am Jan 26, 2018 12:49am
One of the challenges i faced along the way to here was being patient. One doesn't have to trade numerous times to be profitable. Waiting out on a trade setup will greatly enhance your trading experience. Focusing on a set of rules/system and having realistic return goals is important.
  • #13
  • Jan 26, 2018 2:01am Jan 26, 2018 2:01am
AUDUSD [email protected] triggered SL:0.80248 TP:0.81648
  • #14
  • Jan 26, 2018 2:03am Jan 26, 2018 2:03am
These are swing trades lasting between 5hrs and 4 days! Current open trades should into next week.
  • #15
  • Jan 26, 2018 2:04am Jan 26, 2018 2:04am
Next on my watchlist is USDCAD Sell that is most likely to be triggered before US Open!
  • #16
  • Jan 26, 2018 2:43am Jan 26, 2018 2:43am
When i started out i would be excited to want to place trades. Now, it is all boring and that is interesting. Still forex the best. Waiting for things to play out. Green pips!
  • #17
  • Jan 26, 2018 6:13am Jan 26, 2018 6:13am
Trade Explorer fully on. Follow it. Green pips!
  • #18
  • Feb 15, 2018 9:54pm Feb 15, 2018 9:54pm
What a recovery! No matter what system one trades, keeping emotions in check is paramount. Sticking to a laid out plan is important and no forcing trades. Growing
  • #19
  • Feb 21, 2018 10:04am Feb 21, 2018 10:04am
Working towards full drawdown recovery. Biggest challenge with trading is emotional, being able to stick to the plan and letting the system fully auto trade. Doing that going forward as it picks a number of good trades that at the end are profitable.
  • #20
  • Feb 21, 2018 11:05am Feb 21, 2018 11:05am
Resistance at 1.39948 is currently holding for any upward movement on GBPUSD. Currently sold.
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