hi ff,
I am forex trader for a few years, i tried many variations of trading, EA, Asia Scalpers, Grids, Momentum EA. After so many trial and error I concede in my own head that EA will never work for me well enough to get what i want from FX. Prime example, Momentum EA, 4 years decent track record, this year complete nosedive. My point that EA not last forever. By the time EA looks good enough to eat, its ready to go mouldy. So, I only started recently manual trading. At least I can blame myself for a bad trade, better to enjoy that way, than get frustrated by EA demise over and over again. Even signals can do same, top MQL5 signals had 3000+ followers not that long ago before the EURUSD broke range and become evident trader had no logic of risk management.
My 2 systems are here.
https://www.myfxbook.com/members/FatFreddie (https://www.myfxbook.com/members/FatFreddie)
FatFreddyLondon only trades from 8am onwards, I use ASCTrend indicator for direction bias and stop loss below last swing low. 2 trades each time in 2 pairs. Only max one set of 2 trades per day, don't chase market, completely manual system that uses much discretion around news, sl and TP placement, etc. But I think only trading repays hard work, old fashioned labour.
Scalping system on 5 min EURUSD when i get bored, because London Trader sometimes is over by 9am, or 10am, rarely it lasts longer. So i have nothing else on during the day, i'll do the scalping. Again, its ASCi trend based on 5 min chart, Stop loss somewhere around 10-15pips, based again on latest hi/lo. TP somewhere is 3-5pips range.
I made a new account for the scalping to keep it clean as i was trading multiple systems on one account and got confusing and not clear of trading performance,
If I can I will post trades, etc, but sometimes market moves very fast at 8am, whilst i am entering 4 TP and 4 SL at this time, can take a few minutes, then trying to manage the exit. But time permit I will.
Good luck all.
FatFreddy
I am forex trader for a few years, i tried many variations of trading, EA, Asia Scalpers, Grids, Momentum EA. After so many trial and error I concede in my own head that EA will never work for me well enough to get what i want from FX. Prime example, Momentum EA, 4 years decent track record, this year complete nosedive. My point that EA not last forever. By the time EA looks good enough to eat, its ready to go mouldy. So, I only started recently manual trading. At least I can blame myself for a bad trade, better to enjoy that way, than get frustrated by EA demise over and over again. Even signals can do same, top MQL5 signals had 3000+ followers not that long ago before the EURUSD broke range and become evident trader had no logic of risk management.
My 2 systems are here.
https://www.myfxbook.com/members/FatFreddie (https://www.myfxbook.com/members/FatFreddie)
FatFreddyLondon only trades from 8am onwards, I use ASCTrend indicator for direction bias and stop loss below last swing low. 2 trades each time in 2 pairs. Only max one set of 2 trades per day, don't chase market, completely manual system that uses much discretion around news, sl and TP placement, etc. But I think only trading repays hard work, old fashioned labour.
Scalping system on 5 min EURUSD when i get bored, because London Trader sometimes is over by 9am, or 10am, rarely it lasts longer. So i have nothing else on during the day, i'll do the scalping. Again, its ASCi trend based on 5 min chart, Stop loss somewhere around 10-15pips, based again on latest hi/lo. TP somewhere is 3-5pips range.
I made a new account for the scalping to keep it clean as i was trading multiple systems on one account and got confusing and not clear of trading performance,
If I can I will post trades, etc, but sometimes market moves very fast at 8am, whilst i am entering 4 TP and 4 SL at this time, can take a few minutes, then trying to manage the exit. But time permit I will.
Good luck all.
FatFreddy
Fat Freddie London Trader
