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EUR/GBP Trendmagic System

  • #4,821
  • Aug 16, 2010 6:35am Aug 16, 2010 6:35am
Quoting sunny17
Why no one is frank on this . Stop dreaming with demo account . once you try live account , its a different ball game . You will ask why the market makers are interested in even mini lots . HA HA HA

Hmmm?

Anyone can make money with the even the simplest of strategys in forex. Its all about the money mangement and risking no more than 2% at a time. Even with a strategy that has only 50/50 probabilities you can still make money.

This is a fantastic little stategy which has its good days and bad days like any other.

D
  • #4,822
  • Aug 16, 2010 6:45am Aug 16, 2010 6:45am
Quoting sunny17
Why no one is frank on this . Stop dreaming with demo account . once you try live account , its a different ball game . You will ask why the market makers are interested in even mini lots . HA HA HA

moving from demo to live account, changes everything.
I remember following one thread, (not this one) and there was this guy giving advice, showing "how it was done".....and then I notice on the charts he was posting....he was trading demo
There is nothing wrong with demo trading....but once you move to real money....a new type of learning comes in.......learning to control your emotions.

PGPB
  • #4,823
  • Aug 16, 2010 7:19am Aug 16, 2010 7:19am
Quoting pgpb
moving from demo to live account, changes everything.
I remember following one thread, (not this one) and there was this guy giving advice, showing "how it was done".....and then I notice on the charts he was posting....he was trading demo
There is nothing wrong with demo trading....but once you move to real money....a new type of learning comes in.......learning to control your emotions.

PGPB
I agree with you that moving to the real changes everything. But, it need to be more explained, not only the system which works in the demo will not work in the real. By the less-experienced trader, of course can near holy grail system turn into loss. This appears because rookie trader have not (usually) tune-up his psychology and moneymanagement. He is unable to control his emotions, as you wrote. Next reason is little different conditions in the real account, which cannot appear in the demo and cannot be simulated by any way. It is mainly reqoutes, slippages and wider (and usually floating, if you have not a broker with fix one) bid-ask sprad. This can turn a less profitable system into loss. You can apriori use a "efectiveness downgrade factor" about 30%, and tested drawndown multiply by 30%, you get expected drawdown. So, to sum up above written, you cannot apriori say the system, which is good on demo will be bad on the real. Maybe, or not. All depends on your discipline, psychology and approach to your trading. This system is good, if was not, I would never waste my expensive work to create an EA.
to sunny17: Please, if you any concrete question, tell it, we can give you an answer. If you have something definite WHY the system does not work, please tell it. I, and certainly not ones here are curious about the type of note: it's shit, it never will work, and something similar
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,824
  • Aug 16, 2010 7:27am Aug 16, 2010 7:27am
agreed totally . To me , the 3 most important winning formula is

1 ) Emotion ( not necessary with deep pocket )
2 ) Guts ( those who have LIVE account will know )
3 ) Stratergy ( stick to the formula means don't feel bad when its 30 pips against you ... I garantee you will feel it after entry )


I have tried at least 50 live trades ( mini 1 to 5 pips ) . every single one goes against me once executed ( almost immediately ) . not once did I get a follow through with 10-15 pips gain . This shows that market makers are testing your guts .

Anyone can contribute why those market makers attack even mini pips ????????
  • #4,825
  • Aug 16, 2010 7:33am Aug 16, 2010 7:33am
Any indicators that repaints sucks . especially trading on 5M timeframe . Do anyone have a TG type of indicator that dont repaint and work well ? I have tried Mr . SwingMan modified version and looks good but becomes not acurate when entry ?? Please help all of us .

Thanks
  • #4,826
  • Aug 16, 2010 7:39am Aug 16, 2010 7:39am
We would like all to understand how forex works . Seems like many showing their winning trades which isn not good enough
  • #4,827
  • Aug 16, 2010 7:41am Aug 16, 2010 7:41am
Quoting sunny17
agreed totally . To me , the 3 most important winning formula is

1 ) Emotion ( not necessary with deep pocket )
2 ) Guts ( those who have LIVE account will know )
3 ) Stratergy ( stick to the formula means don't feel bad when its 30 pips against you ... I garantee you will feel it after entry )


I have tried at least 50 live trades ( mini 1 to 5 pips ) . every single one goes against me once executed ( almost immediately ) . not once did I get a follow through with 10-15 pips gain . This shows that market makers are testing your guts .

Anyone...
I'm encnouter this when I began on the forex, whit previous experiences with stocks. First time I though that I'm cursed (jinxed), shortly looser.95 of 100 positions, which I send to the "market" with sl 20-30 pips (on EU, I think as intraday it is fair SL), and "broker" almost always hunts me it. I don't know why he (they) does it, but some kind of brokers does it. This experience was be very expensive (in combination with my in-that-time no so good psycho), but it is good reason to change this f****** broker to someone else, who plays fair and is normal. So, I gone off the XTB and came (on recommendation some of my colleagues) to alpari(uk). Best MM broker, on real very stable data, minimum re-quotes (market must be mad to I get a reqoute) and very good client services, and NO SL hunting. It is not an advertisement, it is my pure experiences, which is very very good and this broker I would not to change in any case. (Have someones else, for futures, stocks and ECN fx, but about it later)
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,828
  • Aug 16, 2010 7:43am Aug 16, 2010 7:43am
In forex , 20-30 pips is nothing to them . can someone share on "ever lost more than 2% "

Thanks
  • #4,829
  • Aug 16, 2010 7:54am Aug 16, 2010 7:54am
Quoting sunny17
agreed totally . To me , the 3 most important winning formula is

1 ) Emotion ( not necessary with deep pocket )
2 ) Guts ( those who have LIVE account will know )
3 ) Stratergy ( stick to the formula means don't feel bad when its 30 pips against you ... I garantee you will feel it after entry )


I have tried at least 50 live trades ( mini 1 to 5 pips ) . every single one goes against me once executed ( almost immediately ) . not once did I get a follow through with 10-15 pips gain . This shows that market makers are testing your guts .

Anyone...
Well, I see two different aspects in what you said:
1. If you have a dishonest broker, you just find a new and good one.
2. It takes months or even years of hard everyday work to start trading profitably. Do not believe people (or brokers) who tell you that it is just an easy way for making money.
  • #4,830
  • Aug 16, 2010 8:00am Aug 16, 2010 8:00am
nothing to do with brokers for my case . My 50 live test affects the market price on other MT4 screens ( 1 have 3 ) . Either the forex is controlled by a single powefull systems or else I cannot explain .

Even when 95% lost in forex , you will find very few from internet who will tell you but those 5% winners are all over internet with startergy for sell . How nice , right ?
  • #4,831
  • Aug 16, 2010 8:05am Aug 16, 2010 8:05am
Can someone be honest and tell us their experiences . With of 95% traders lost in forex trading , should be that hard to find , right ?

I think we need a good indicator like TG but never repaints .Any near to it ?????
  • #4,832
  • Aug 16, 2010 8:22am Aug 16, 2010 8:22am
Quoting sunny17
nothing to do with brokers for my case . My 50 live test affects the market price on other MT4 screens ( 1 have 3 ) . Either the forex is controlled by a single powefull systems or else I cannot explain .

Even when 95% lost in forex , you will find very few from internet who will tell you but those 5% winners are all over internet with startergy for sell . How nice , right ?
Come on, it is a business as usual and all of us are competitors not best friends. We may cooperate to find solutions but no one is going to reveal a really good and working system in a public forum.
Most systems that are published in FF are in development phase, i.e. the thread starter needs other people's help and ideas.
For me, it took more than two years of really hard work to start making money in Forex. And I did it by gathering the pieces of the needed puzzle all over FF and other resources.
Every piece of a good system is available for free in internet. But it is your and only your task to build it up.
It is one of the lonliest jobs, my friend...
  • #4,833
  • Aug 16, 2010 9:22am Aug 16, 2010 9:22am
Someone must loose b4 you gain . we are worse than market makers .
  • #4,834
  • Aug 16, 2010 10:11am Aug 16, 2010 10:11am
Quoting sunny17
Someone must loose b4 you gain . we are worse than market makers .
So, if you are as pesimist as you wrote, I recommend you to forgive the trading and seek some job, on which you will would have more confidence. If you have not a confidence in this great business, you'll certainly lose. Confidence is main motor for markets itself, and this is true for its participants too. You need two things: confidence for what you do (or trying to do) and hard work. Without both you'll surely lose. This my opinion.....
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,835
  • Aug 16, 2010 10:13am Aug 16, 2010 10:13am
Sunny

It seems like you are in the "giving up stage " of the learning process.

Ive been there quite a few times. Ive given up for months at a time and then came back to the charts and carried on learning.

One thing that I have realised is that us home retail traders are so insignificant in this massive market that even trading multiple lots is nothing in this game.

Ive spent years in front of the charts (not every hour of the day but a few hours of the day) and you get the feel of the general sentiment of the market for that day.

Thinking positive and forward is the only way to be with forex.

20 pips a day with a £10k account is 2% a day. Enough for anyone to have a very decent living.

D
  • #4,836
  • Aug 16, 2010 10:14am Aug 16, 2010 10:14am
Quoting sunny17
Someone must loose b4 you gain . we are worse than market makers .
sorry, but then ... why are you here?
and btw this thread is called "eur/gbp trendmagic system".
meine augen sind die sterne
  • #4,837
  • Aug 16, 2010 11:28am Aug 16, 2010 11:28am
Either keep dreaming of someone will create a perfect system . Your pips so your choice
  • #4,838
  • Aug 16, 2010 4:14pm Aug 16, 2010 4:14pm
hai folks thanks for great system... ive been reading quite alot but not all but i think i understand the system now... my problem is i somehow find that tudorgirl hydrodynamic vorticity 2.0a is slightly repainting ... i could be wrong ... can someone here convince me that its not repainting or u guys got the unrepainting version... sorry for trouble
Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #4,839
  • Aug 16, 2010 8:01pm Aug 16, 2010 8:01pm
The key here is this
Quoting Vegapunk
... ive been reading quite alot but not all ... sorry for trouble
Don't be sorry, keep on reading
  • #4,840
  • Aug 17, 2010 3:32am Aug 17, 2010 3:32am
Quoting Vegapunk
hai folks thanks for great system... ive been reading quite alot but not all but i think i understand the system now... my problem is i somehow find that tudorgirl hydrodynamic vorticity 2.0a is slightly repainting ... i could be wrong ... can someone here convince me that its not repainting or u guys got the unrepainting version... sorry for trouble
If you will check latest screenshots here in the thread you can see that we do not use that indicator for trading.
The Road appears under the steps of walking men...
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