(binned per thread starter's request) Still Learning (Tips/Advice

Thanks for the advice I too wish more people would open up there TE's for the sake of learning and growing. The first two questions are great and I will work on them to see if I cant iron out and solidify my trading strategy. As for the back-testing I am always hesitant, I have done it but I feel like back-testing has never given me anything of value as I have seen algo's that are perfect for 10 years and get smashed once placed live.

Because hedge funds spent almost $300 Mil to develop algo trading system, how much do you think retail traders can manage to spend on their Algo's?
Most Algo you see in the forums adapt to the charts of past data but can't adapt the new market condition changes. There are certainly some good EAs out there but Manual Trading is my Forte but I do use EAs to simplify my decision making, somewhat a Hybrid Trading System.

Hi there brody477,

I don't know if you came across what FXCM is offering in their own platform but it may be useful for your trading. I give you the link below , where it is clearly explained strategy and how to dowload their SSI indicator

https://www.youtube.com/watch?v=VFHKprJkakA

In order to comment about your trading or to give any suggestions or even to learn a thing or two from your trades we need to discuss your methodology. You briefly told us how you trade but I don't think it is perfectly layed out strategy. I don't see any explanation of solid rules and risk management properties. And I think that is the reason you might be having relatively high drawdown which is the easiest problem one can solve. The major problems are usually lack of application. I am not too fond of taking counter trend or as you say contrarian trading however if it is well managed that could turn out to be a good strategy as well.

The fact that retail FX is an OTC market you are very much limited by the sample size which may not clearly reflect the current situation. None of the market makers make a decision based on retail trading community. Therefore relying on such source may be misleading at the end or may not give you a good entry point which can only be eliminated with a proper risk management. However knowing there is a high failure rate on retail side betting against them is not a very odd thing to do as well.

SSI is not much talked subject in retail market for various reasons but at the end of the day if the strategy is revealed then it will loose its strength as more traders start to apply. When I start to read the thread I thought it should be placed on trading journals forum but now I am very clear that it is placed in the right forum. I am anxiously following up where we will take this.


Regards,

I can see that you obviously have a certain knowledge base and understanding of the market, but on the other hand you need to define a more dynamic strategy to get more out of the market thanks to your capital. Of course my recommendations can be subjective and superficial, but I would form a more specific investment portfolio so that you can monitor the market situation yourself and react to any changes in time. Otherwise, your trading will be too chaotic and you will not find your inaccuracies and mistakes in time, so you will continue to make them. And this will not help you to achieve results. So think about it. I think it should help.