96% Win Rate! | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Win in Trend and Win in Range 227 replies

Anyone have a trading system w/90% win rate? 111 replies

Why and how Win-Win in Forex is possible 56 replies

is it realistic to set a win rate as target? 9 replies

Win 2 trades out of 10 and win 180 pips 8 replies

Attachments: 96% Win Rate!
Exit Attachments

96% Win Rate!

  • #101
  • Mar 4, 2019 7:21am Mar 4, 2019 7:21am
Did you continue to make more buy for gbdjpy.
Did you Manage to save a few more sell position.
Is Now the buy lot also in red loss.
  • #102
  • Mar 4, 2019 10:19am Mar 4, 2019 10:19am
Quoting Pro.yingYang
Did you continue to make more buy for gbdjpy. Did you Manage to save a few more sell position. Is Now the buy lot also in red loss.


Those buys were a mistake.

I had two contradicting informations within my technical analysis, one telling me I should buy, the other that I should sell. I was divided, so I ended up chosing the wrong one. Missed about $800 recovery, plus another $800 profit on that mistake alone.

On the positive side, next time a similar situation arises, I’ll know how to chose the right one. New information brings new mistakes. New mistakes shapes the strategy with new nuances. New nuances brings new profits.

Anyway, the losses are locked in right now since the positions are all hedged against each other. I hope it goes up. But if it doesn’t now I’ll have to work double to erase the buys.
  • #103
  • Mar 4, 2019 12:51pm Mar 4, 2019 12:51pm
Unrealized: -$5,144
Drawdown: -42.1%
For me is big risk, and your the system looked good. Positions open with DD 42%
  • #104
  • Mar 5, 2019 10:57am Mar 5, 2019 10:57am
We did went through this stage. I not shame to say that
I did try this method when I first started. But end of the day, one have to go through this stage to believe that.
No matter what people say.
It's all learning stage if you come out learning from it.
End of the day, you make money if it goes your direction.
  • #105
  • Mar 6, 2019 5:29pm Mar 6, 2019 5:29pm
Not much to update at the moment yet.

I have some setup underway (long) which I expect to close soon, likely today or tomorrow.

I’ve been making some good profits the past few days, it’s just hard to notice because it’s been buried underneath that drawdown. My forecast is to reach at least 10k equity before this week ends.
  • #106
  • Mar 7, 2019 9:44am Mar 7, 2019 9:44am
Alright guys. This is it for me.

I’ll be stopping trading those 2 demo accounts or do any public trading on Trade Explorer, at least for now.

I was on a long setup that just hit SL twice moments ago, that totally wasn’t expected to happen. This time it wasn’t due to misreading the chart or making any mistake or anything, I was following my strategy and rules just how was supposed to but it simply failed. Which is a big red flag, which points to that I need to do some big modifications and that I’m not ready yet as I thought I was.

For now I’ll keep trading demo for some more time on my own in private and I promise that I’ll be back in the near future even better. Next time I hope to be on a live account instead, for a much longer run, even bigger ROI and smaller drawdown. I’ll use this same username and just create a new thread. So don’t forget me.

I’d like to apologize to user profitfarmer, I made a joke a few days ago which I used the words “enemy” and “hater” which was of bad taste. I was probably in a very bad mood that day. I actually appreciate each one of you who read and comment on the thread, for taking the time. Regardless of the nature of the comment, being positive, negative or criticism.

I’ll be removing those accounts from Trade Explorer probably tomorrow after market closes. So if you want to take a look at my stats and see what I did, the time is now while it still on.

Thanks!
  • #107
  • Mar 7, 2019 10:49am Mar 7, 2019 10:49am
Quoting Rapha
Alright guys. This is it for me. I’ll be stopping trading those 2 demo accounts or do any public trading on Trade Explorer, at least for now. I was on a long setup that just hit SL twice moments ago, that totally wasn’t expected to happen. This time it wasn’t due to misreading the chart or making any mistake or anything, I was following my strategy and rules just how was supposed to but it simply failed. Which is a big red flag, which points to that I need to do some big modifications and that I’m not ready yet as I thought I was. For now I’ll keep...
dont worry, profitfarmer had some bad days too, and in fact has a thick skin to withstand some insult...snowflakes has zero chance to make in this game!
i hold no grudge whatsoever.
it was a demo account; stand what i said before, that you really not risking anything, and no real losses to deal with.
you can step back, evaluate things, adjust things.
good luck!
there is always, always another trade!!
  • #108
  • Jun 24, 2019 2:54am Jun 24, 2019 2:54am
Quoting lmoney
{quote} You right i am paying for it at the moment but keep in mind I have been doing this for 3 years and have made well over 100K doing so. Just because its an unorthodox way of trading doesn't mean it can't work. Time will tell though.
You're not worried about the massive drawdowns you're undertaking?
  • #109
  • Last Post: Jun 26, 2019 9:00am Jun 26, 2019 9:00am
Quoting thegrimreape
{quote} You're not worried about the massive drawdowns you're undertaking?
No. I've been building a couple of my accounts for a while and consolidated all of them into this one. So at this moment even if my drawdown got to about -$200,000 technically I still would be braking even. So i'm not worried unless it approaches that.
0 traders viewing now