I would like to start a journal to see how my plan will go and analyze my thoughts in hindsight. Maybe even it will help someone, which will be great.
OK, so I am in Forex for 2 years. Tried manual systems first on longer time frames, but found out I am indecisive and cannot stick to the plan/system. I figured out I will use automatic technical trading based on superb framework by Mr. Popov. Forex Strategy Builder and Trader - freeware.
http://i614.photobucket.com/albums/t...grimlock-1.jpg
So while I test Dragon approach I do it participating in weekly Instaforex Contest where I can win some money to open live account. It will not be easy since there are over 1000 people every week.
Dragon Approach is that I create strategies/systems in Forex Strategy Builder. I use strategies/systems which have great results in back test and are very active (we have only 1 week) and use few of them simultaneously. Strategies are traded automatically in MT4 by Forex Strategy Trader.
When some of strategies will not bring results I cut them off and put others I created, which has great back testing results.
So for this week I am preparing 8 strategies using 4 currency pairs: EURUSD, GBPJPY, EURJPY, GBPUSD on 5 minutes.
All of them will be trading at once from the beginning of Australia time on Monday.
Some good strategies from previous week:
http://i614.photobucket.com/albums/t...orex_41816.jpg
1. 355-eurusd-5-ginko-077-12703.xml ID 110
2. 562-sl45-eurusd-1-kidney-049-27892.xml ID 420
3. 393-00sl-gbpusd-5-teller-060-14272.xml ID 130
4. 509-sl80-gbpjpy-5-micado-052-13788.xml id 140
5. 553-sl75-eurusd-5-silver-057-12610.xml id 150
6. 340-sl165-eurjpy-1-nerd-094-19829.xml id 160
7. 813-sl27-gbpjpy-1-hakingo-049-12405.xml id 170
8. 386-sl50-eurusd-1-neral-059-14670.xml id 180
OK, so I am in Forex for 2 years. Tried manual systems first on longer time frames, but found out I am indecisive and cannot stick to the plan/system. I figured out I will use automatic technical trading based on superb framework by Mr. Popov. Forex Strategy Builder and Trader - freeware.
http://i614.photobucket.com/albums/t...grimlock-1.jpg
So while I test Dragon approach I do it participating in weekly Instaforex Contest where I can win some money to open live account. It will not be easy since there are over 1000 people every week.
Dragon Approach is that I create strategies/systems in Forex Strategy Builder. I use strategies/systems which have great results in back test and are very active (we have only 1 week) and use few of them simultaneously. Strategies are traded automatically in MT4 by Forex Strategy Trader.
When some of strategies will not bring results I cut them off and put others I created, which has great back testing results.
So for this week I am preparing 8 strategies using 4 currency pairs: EURUSD, GBPJPY, EURJPY, GBPUSD on 5 minutes.
All of them will be trading at once from the beginning of Australia time on Monday.
Some good strategies from previous week:
http://i614.photobucket.com/albums/t...orex_41816.jpg
1. 355-eurusd-5-ginko-077-12703.xml ID 110
2. 562-sl45-eurusd-1-kidney-049-27892.xml ID 420
3. 393-00sl-gbpusd-5-teller-060-14272.xml ID 130
4. 509-sl80-gbpjpy-5-micado-052-13788.xml id 140
5. 553-sl75-eurusd-5-silver-057-12610.xml id 150
6. 340-sl165-eurjpy-1-nerd-094-19829.xml id 160
7. 813-sl27-gbpjpy-1-hakingo-049-12405.xml id 170
8. 386-sl50-eurusd-1-neral-059-14670.xml id 180
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)