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  • #1
  • First Post: Jul 8, 2009 2:06pm Jul 8, 2009 2:06pm
Well I'm starting a new trading journal and I'm starting with a demo account.

My name is FrinkFX and I'm a crap trader.





But I'm a good programmer.


I've created a system which (if my calculations are correct) will earn me about 100% ROI every day. I've started off with a 500 dollar demo account, with 100:1 ratio, I'm being conservative with my first few days so I'm only using small SL's.

Once I get my demo account to a few thousand I'll use the bigger trades with bigger stops of over 70 pips.

When I get my demo acct to 10000 dollars (which should be about a week), I'll invest some of my real money (not much cause I don't have much), but I want to get rich quick so what the hell.

For those of you reading this who don't believe that I can make 100% ROI per day I'll post the odd signal here (complete with SL and TP) so you can check the date of the post and see if it was a winning trade by checking your charts. Hey you might even incorporate them into your trading system.

If it all goes miserably wrong, who cares? It's only demo money.

Check my later!!
  • #2
  • Jul 8, 2009 2:12pm Jul 8, 2009 2:12pm
I don't post much but since I might have caught this first, I'm sending my best to you. I look forward to how this unfolds!
  • #3
  • Jul 8, 2009 2:17pm Jul 8, 2009 2:17pm
Quoting phoenix421
I don't post much but since I might have caught this first, I'm sending my best to you. I look forward to how this unfolds!
Thanks! Still waiting for my EA to make its first trade, like watching paint dry
  • #4
  • Jul 8, 2009 2:19pm Jul 8, 2009 2:19pm
Quoting FrinkFX
Thanks! Still waiting for my EA to make its first trade, like watching paint dry
I feel your pain there...
  • #5
  • Jul 8, 2009 2:53pm Jul 8, 2009 2:53pm
First trade placed!
EURUSD buy @ 1.38765

SL:1.38365
TP:1.39245

Let the games begin..........
  • #6
  • Jul 8, 2009 3:19pm Jul 8, 2009 3:19pm
Quoting FrinkFX
First trade placed!
EURUSD buy @ 1.38765

SL:1.38365
TP:1.39245

Let the games begin..........
There aint no crap about that trade, thats a good trade Frink. Any chance of posting a few sooner after you take the trade.

Good luck in your quest.

Cheers scalpz
Target 2 : Stoploss in the green
  • #7
  • Jul 8, 2009 3:24pm Jul 8, 2009 3:24pm
Quoting scalpz
There aint no crap about that trade, thats a good trade Frink. Any chance of posting a few sooner after you take the trade.

Good luck in your quest.

Cheers scalpz
I posted that like 1 minute after the EA placed the trade, u want faster??!
  • #8
  • Jul 8, 2009 3:27pm Jul 8, 2009 3:27pm
good luck my friend..if u had successed i can send u to trade for me about 100.000usd =
  • #9
  • Jul 8, 2009 3:32pm Jul 8, 2009 3:32pm
Quoting FrinkFX
I posted that like 1 minute after the EA placed the trade, u want faster??!
Sorry, thought you had grabbed that 1st drop for the 8th down to your 1.38765

As soon as I edited my post, I thought Oh - maybe you were on that 2nd drop to 1.38765 bugger that hit the SL.

So spose the 3rd group at that range may deliver a profit. Might be tight stretch up to that 1.39245 TP. But doable none the less.

Do you mind sharing a general idea of your ea.

Cheers scalpz
Target 2 : Stoploss in the green
  • #10
  • Jul 8, 2009 3:36pm Jul 8, 2009 3:36pm
Quoting scalpz
Sorry, thought you had grabbed that 1st drop for the 8th down to your 1.38765

As soon as I edited my post, I thought Oh - maybe you were on that 2nd drop to 1.38765 bugger that hit the SL.

So spose the 3rd group at that range may deliver a profit. Might be tight stretch up to that 1.39245 TP. But doable none the less.

Do you mind sharing a general idea of your ea.

Cheers scalpz
I'd rather not explain the particulars of the trading system. For all I know it may not even work long term. If it does work long term I'd rather sell it than give it away for free. I'm sure you understand
  • #11
  • Jul 8, 2009 4:20pm Jul 8, 2009 4:20pm
Quoting FrinkFX
I'd rather not explain the particulars of the trading system. For all I know it may not even work long term. If it does work long term I'd rather sell it than give it away for free. I'm sure you understand
Yea no problem, thats why I only asked about general idea. But is sometimes hard to stick to general when the head is full of the details.
Thats the pain in programming.

Just had a quick look through your 'been a long day ' thread. Got some good links posted by a few of the smart helpfull brains of FF.
Lots more reading to do. Would love to get 90% quality on a regular basis.

cheers scalpz
Target 2 : Stoploss in the green
  • #12
  • Jul 8, 2009 4:34pm Jul 8, 2009 4:34pm
Quoting scalpz
Yea no problem, thats why I only asked about general idea. But is sometimes hard to stick to general when the head is full of the details.
Thats the pain in programming.

Just had a quick look through your 'been a long day ' thread. Got some good links posted by a few of the smart helpfull brains of FF.
Lots more reading to do. Would love to get 90% quality on a regular basis.

cheers scalpz
I'm happy with 25%.. The EA still has only one trade open. (negative now ) I thought it may have missed 1 cos my connection kept going down so I had to switch to my mobile bb connection.
  • #13
  • Jul 8, 2009 5:23pm Jul 8, 2009 5:23pm
watching with humourous interest

100% ROI/daily would be flying on the high lane

Goodluck in the fantasy
  • #14
  • Jul 8, 2009 6:18pm Jul 8, 2009 6:18pm
If you can make 100% return everyday risking 1-2% per trade then you're good.
  • #15
  • Jul 8, 2009 6:32pm Jul 8, 2009 6:32pm
Quoting MyaNyx
If you can make 100% return everyday risking 1-2% per trade then you're good.
no more like risking 100%. the EA currently has 6 trades open all on the same pair. I think its a little confused. Gonna run it on some more pairs tomorrow and maybe limit it to 2-3 trades per pair
  • #16
  • Jul 8, 2009 6:34pm Jul 8, 2009 6:34pm
Quoting MyaNyx
If you can make 100% return everyday risking 1-2% per trade then you're good.
And how many pips per trade we should make/get to do get 100% ROI?
remember, leverage is only 1:100 for such large ROI

Btw what is the current balance FrinkFX? (any duplication yet?)
  • #17
  • Jul 8, 2009 6:42pm Jul 8, 2009 6:42pm
Quoting AdamN
And how many pips per trade we should make/get to do get 100% ROI?
remember, leverage is only 1:100 for such large ROI

Btw what is the current balance FrinkFX? (any duplication yet?)
Balance is still 500. Unrealized P/L is -42. One of the TP's nearly got hit a couple of minutes ago (1.39178) but it didn't quite make it.

So theres now 6 trades open, 4 short and 2 long. I'm very tempted to close the 2 longs
  • #18
  • Jul 8, 2009 7:25pm Jul 8, 2009 7:25pm
Quoting FrinkFX
Balance is still 500. Unrealized P/L is -42. One of the TP's nearly got hit a couple of minutes ago (1.39178) but it didn't quite make it.

So theres now 6 trades open, 4 short and 2 long. I'm very tempted to close the 2 longs
My two cents is to cut the losses and let the winners run.
  • #19
  • Jul 9, 2009 4:02am Jul 9, 2009 4:02am
It looks like EU has had a steady run up. How did it work out for you?
  • #20
  • Jul 9, 2009 5:48am Jul 9, 2009 5:48am
Quoting phoenix421
It looks like EU has had a steady run up. How did it work out for you?

Would have been fine...

If it had stayed with that trade instead of going nuts...
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