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43 straight winning trades

  • #21
  • Sep 18, 2008 9:03pm Sep 18, 2008 9:03pm
Quoting azjeff
Steel,

He has not sold anything in fact he indicated he was going to provide a free service. It could be a bust but maybe it is not. Only one way to find out and that is to try it out and see how it does. Have you heard of demo accounts? People can trade his calls on there and see how he does. Do not criticize it until you know the results.

Regards,
Jeff


You are missing the point. 1-10 pips is the take profit that is crazy. What are the stop losses? Its not worth your time these systems fail.

I just cant believe people can read this thread and take it serious. If you think for one second that if he starts doing well he aint going to charge you are wrong.

Successful traders let profits run and cutt loses short. Scalping 1-10 pips in market that goes 200-300 in a given move is not the way to go.
  • #22
  • Sep 18, 2008 9:07pm Sep 18, 2008 9:07pm
Don't buy what, I'm not selling anything. I let the 33 pip drawdown go because I new it will go in my direction. By the way at the bottom of that 33 pip trade, I took another buy. And if you check my trades you will see that I could have made many more pips than I take. Traders are so used to getting screwed, that the don't believe anyone.
  • #23
  • Sep 18, 2008 9:13pm Sep 18, 2008 9:13pm
Steelhead, I am doing well in my trading, what little bit of money I could charge would not be worth it. Every trader has his own style, and mine is not sitting on a trade for days, I like to get in and get out with pips, weather it be 1 or 100. And why you where complaining I made another 240 dollars.
  • #24
  • Sep 18, 2008 9:19pm Sep 18, 2008 9:19pm
MLD it is in MSword, I will post it in notepad. I'm sure that I will be told that I changed it.
  • #25
  • Sep 18, 2008 9:21pm Sep 18, 2008 9:21pm
try this MLD
Attached File(s)
File Type: txt Report.txt   4 KB | 388 downloads
  • #26
  • Sep 18, 2008 9:22pm Sep 18, 2008 9:22pm
Quoting cybernut39
Steelhead, I am doing well in my trading, what little bit of money I could charge would not be worth it. Every trader has his own style, and mine is not sitting on a trade for days, I like to get in and get out with pips, weather it be 1 or 100. And why you where complaining I made another 240 dollars.

cyber i promise you you dont want to get into a i made this much money and pips with me. It is a losing battle for you. I promise

Stop while you are ahead
  • #27
  • Sep 18, 2008 9:26pm Sep 18, 2008 9:26pm
I say everyone deserves a chance.

Quoting steelhead
cyber i promise you you dont want to get into a i made this much money and pips with me. It is a losing battle for you. I promise

Stop while you are ahead
  • #28
  • Sep 18, 2008 9:33pm Sep 18, 2008 9:33pm
Steelhead, For someone who does not believe me, you are spending enough time reading this thread. Thanks for your input, but rather than trash this thread just don't read it anymore. And for your above post that I must be 150% right, Check your math It is not possible to be 150% only 100%
  • #29
  • Sep 18, 2008 9:33pm Sep 18, 2008 9:33pm
Just to understand, what is the deposit amount you recommend and lot size per trade?

If you really want to help others, I can try make an EA of your system.
Then others can try it without you need to arrange a call and you can concentrate on your trades.

With the EA, you can just share the .ex4 file without giving your manual system to others.

Since when your never losses trade?
I am just worry that your time test is not enough to capture with every market movement for longer time period.

I had my own experience using Stoch and ADX alone and scalping without losses for a month(more than yours 42 rows wihthout losses). But it only working for that month due to market move in wave and quite big ranging.
Stoch is very suitable with that kind of market movement.

But for other months, the system is not sustain. I need to find other system too for differnet market movement.

If you can share your system to make an EA so you can have some strategy test with past market behaviour.
  • #30
  • Sep 18, 2008 9:42pm Sep 18, 2008 9:42pm
If our timezone is OK, then I'll give it a try, just test it then we shall know. DEMO acc is made for this I guess.

And until this moment + this second, he still not selling me anything, so I guess I'm safe from any commercial stuff.

Besides, juz give it a try, no harm. Or just test it with a micro lots. (then will more fun I guess).
  • #31
  • Sep 18, 2008 9:49pm Sep 18, 2008 9:49pm
Damn! Another thread I have to add to my seventeen others!
  • #32
  • Sep 18, 2008 9:51pm Sep 18, 2008 9:51pm
Quoting cybernut39
Steelhead, For someone who does not believe me, you are spending enough time reading this thread. Thanks for your input, but rather than trash this thread just don't read it anymore. And for your above post that I must be 150% right, Check your math It is not possible to be 150% only 100%
I know my math lol. what my statement means is you cannot sustain success in this system over the long run with the risk reward ratio you have.

the percentage you would have to be right on this system does not exist.
  • #33
  • Sep 18, 2008 10:05pm Sep 18, 2008 10:05pm
Mrforex123 I trade 6 lots, as far as the deposit size that is up to the trader, a pip is a pip weather it be micro or full lots. use money managment. As far as my last loss with this system, I have not had one yet, but there will be I'm sure. Thanks for the offer on the EA but I rather sit in front of the computer and watch my trades. I worked hard creating this system and I'm not willing to share it. Thanks
  • #34
  • Sep 18, 2008 10:13pm Sep 18, 2008 10:13pm
Steelhead, you don't know my risk ratio. I could have been out of that trade with -1 pip if I wanted. I was 100% sure that that trade was going to return positive pips, or I would not have kept it.
  • #35
  • Sep 18, 2008 10:28pm Sep 18, 2008 10:28pm
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Thanks cybernut39, notepad worked
  • #36
  • Sep 18, 2008 10:31pm Sep 18, 2008 10:31pm
Quoting mld
Thanks cybernut39, notepad worked
your welcome
  • #37
  • Sep 18, 2008 10:35pm Sep 18, 2008 10:35pm
Quoting cybernut39
Mrforex123 I trade 6 lots, as far as the deposit size that is up to the trader, a pip is a pip weather it be micro or full lots. use money managment. As far as my last loss with this system, I have not had one yet, but there will be I'm sure. Thanks for the offer on the EA but I rather sit in front of the computer and watch my trades. I worked hard creating this system and I'm not willing to share it. Thanks
I applaud you for a successful system. I think some others here are trying to say that if you allowed a 33p dd, and are only taking 1-10p profit - well, the next time it might wipe many days of profits. Of course I hope this does not happen to you, but with all due respect - nobody knows where a currency pair is going. It's great that you're very confident ("I knew it will go in my direction"), but you have to respect Mr Market, and understand that he has exclusive insight...
You said you will have a loss. How will you determine when to close a trade at a loss? Fixed number of pips? Predetermined support/resistance level? Some indicator turning red? Anyone who uses this system will most likely want to know what kind of loss they might take.
Thanks, and good luck!
6pack
  • #38
  • Sep 18, 2008 10:50pm Sep 18, 2008 10:50pm
Hi 6pack, I was willing to allow -50 pips on that trade but I also made 1300 by keeping it. The indicator I use, yes just 1 indicator was created by me. It does show me the direction, and I don't mean trend. If I had a dought I would have been out. Thanks for your input and is well taken.
  • #39
  • Sep 18, 2008 11:05pm Sep 18, 2008 11:05pm
Quoting 6pack
I applaud you for a successful system. I think some others here are trying to say that if you allowed a 33p dd, and are only taking 1-10p profit - well, the next time it might wipe many days of profits. Of course I hope this does not happen to you, but with all due respect - nobody knows where a currency pair is going. It's great that you're very confident ("I knew it will go in my direction"), but you have to respect Mr Market, and understand that he has exclusive insight...
You said you will have a loss. How will you determine when to close a trade at a loss? Fixed number of pips? Predetermined support/resistance level? Some indicator turning red? Anyone who uses this system will most likely want to know what kind of loss they might take.
Thanks, and good luck!
6pack
I agree with 6pack, no-one knows where the market is going to go. Haven't we all had signals and the trade turned. This is how MR MARKET works, the only people... or rather group, that knows where the market is going to head for the next 1-2min are banks/gov/large equity traders .... who when they sell/buy, knows that it will effect the market for that small timeframe.

I personally like a swing trade, like to be in and out within minutes ...LOL, some trades do, others don't... just another day in heaven (or should it be hell!?).

I wish you good luck with your system, but using skype, ect to give your signals, won't be enough time for others to trade THE TRADE. Rather take up the offer of having an Indicator written and hide the source code. The coder will abide by your copy right rule, just use one from a source you trust..like the admin here, they should know which coders are.

Good luck with your trading, and yes, you deserve the right to share your signals, if you so wish ...

J
  • #40
  • Sep 19, 2008 12:52am Sep 19, 2008 12:52am
Well you do not know that he will. He may or he may not. Unlike you, I do not assume so I will give him a chance and find out. As far as you go, do not assume. Wait until you have proof.

Jeff

Quoting steelhead
You are missing the point. 1-10 pips is the take profit that is crazy. What are the stop losses? Its not worth your time these systems fail.

I just cant believe people can read this thread and take it serious. If you think for one second that if he starts doing well he aint going to charge you are wrong.

Successful traders let profits run and cutt loses short. Scalping 1-10 pips in market that goes 200-300 in a given move is not the way to go.
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