I am not going to post my trades today. I simply dont have time right now. I knew this was coming and have hinted about this in the past but right now I am not able to post my daily results. I may switch to posting them before the USA session when I have more time.
Nanningbob 4h trading system ver. 5.0
- #1,781
- Sep 13, 2010 5:20pm Sep 13, 2010 5:20pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #1,784
- Sep 13, 2010 8:21pm Sep 13, 2010 8:21pm
Unfortunately for me I won't be able to switch to them since they don't accept IRA retirement accounts from other countries. So looks like I'll be going back to the US with my account and probably back to IBFX. Don't think I can trade this strategy with 50:1 and make any money. Might be quitting forex.
Bob,
Unfortunately for me I won't be able to switch to them since they don't accept IRA retirement accounts from other countries. So looks like I'll be going back to the US with my account and probably back to IBFX. Don't think I can trade this strategy with 50:1 and make any money. Might be quitting forex.
My recommendation is you trade one penny per 100 dollars. (that does not mean .01 lot because that can be ten cents a lot for some brokers) That would mean a trade would have to go 10,000 pips into the hole to wipe the account out. If you have 10 trades you would need 1000 pips to wipe out the account. If you are a beginner you should trade one penny per 2 or 300 dollars. This way you can really make lots of mistakes and still have an account.
As I understand it that is effectively 10 to one leverage. If I am wrong please correct me. Since If i am wrong I'll probably follow bluemele's advice and switch to Go Markets.
And from reading the monthly results some prople are doing well with Penny accounts.
- #1,786
- Sep 14, 2010 12:22am Sep 14, 2010 12:22am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
- #1,787
- Sep 14, 2010 12:55am Sep 14, 2010 12:55am
If anyone is looking for mt4 spread betting company I have been smartlivemarkets.co.uk for the last 3 months and they seem OK thus far. Mind you they are a new company so thread carefully. I have called their customer service twice and both times they solved my problems very quickly.
Kind regards
20:1 on secondary!
You should be able to do it no problemo.
I would think, just Nano it or micro... We are our own best indicator.
If anyone is looking for mt4 spread betting company I have been smartlivemarkets.co.uk for the last 3 months and they seem OK thus far. Mind you they are a new company so thread carefully. I have called their customer service twice and both times they solved my problems very quickly.
Kind regards
By the way, I am out of EurNzd with a small profit after 7 days and three levels deep!!
Now need to see the back of EurAud
- #1,792
- Sep 14, 2010 3:33am Sep 14, 2010 3:33am
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
Hello guys,
I am new in this thread and system, Where can I start learning the system? It looks than this thread is too advance for a new user, where can I start it to understand how the system works?
Thanks!
Where else would you expect to start???
- #1,793
- Sep 14, 2010 5:33am Sep 14, 2010 5:33am
Page 1 Post 1 download
"Attention: Newbies
Start by downloading all the zip files. That's all you need."
My 2 pips.
- #1,795
- Sep 14, 2010 5:49am Sep 14, 2010 5:49am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
ridiculous: in a month this will directly finish in my clients's management strategy! i hate that this is just a demo!
great job bob!!!
ps i added a filter to select even more profitable entries...but as i don't want to change the original system i won't say anything more...it's perfect the way it is!
http://www.myfxbook.com/members/dvdr...xb60ihcNg1RTP5
nice equity
(myfxbook.com)
Hero calls followed by margin calls...
- #1,798
- Sep 14, 2010 5:58am Sep 14, 2010 5:58am
- | Joined Nov 2009 | Status: Trader | 1,196 Posts
Thanks for this. I opened a demo account with them last night and started testing NB5 using the NH4 panel. Seems to work ok although minimum is 0.1 lot which is a little high for startups.
By the way, I am out of EurNzd with a small profit after 7 days and three levels deep!!
Yes same here although I caught it a bit late and just about broke even. As you said now is the turn of AUD (well overdue).
I do not use Smart live for forex but use it for major indexes and Equities and they seem to be quite good. In particular the ability of shorting the stocks which we do not have in UK, if just trading equities through a normal broker. I suggest you open a demo with them to get the hang of things because they seem to do it differently to other brokers, for instance for forex although their minimum is o.1 lot but this is equal to 10 cents which is normally 0.01 lot. Anyhow this is just one option, unfortunately more established spreadbetting companies such as IG, GFT etc do not offer mt4.
Kind regards
- #1,800
- Sep 14, 2010 6:55am Sep 14, 2010 6:55am
which lotsize do u use?
nice equity
with standard lots: 0.1 for every 10000 euro in the account...
so my leverage is something like 0.8 (equity in euro..pips in $!)
nice thing is that the drawdown isn't real beacause is due to the closing of a basket trade ended in profit!