Looking for highly accurate trading style!

BUT, you don't say how far is take profit from entry?

See my Trade Explorer, win some, lose some

nothing but losers here on FF

see if this link works

http://www.myfxbook.com/members/vush...ushtrri/154214

High win/lose ratios is not the key to success. The high win/lose ratio strategies tend to make the least money because there are few trading opportunities and profits are tiny when one does come along.

Some of the best systems have "whipsaw" entires where you will make lots of tiny losses (very tight stops) getting into a trend and then realise a few huge profits. Bad win/lose ratios but usually more profitable.

You also need to look at frequency of trading and the effect that has on compounding.

A lot of pople looking for absurdly high win/lose rations have the "Martingale" word in the back of their minds. If this is you dismiss this idea at once!

Why everyone make fun of dis thread?
De system exist.

Once I finish with dese dumb day trades, I gonna swing myself to riches

Like a Monkey

We got to have fun trading, 'cause no one and they say NO ONE makes money in forex right...

.

he, he...

I am not one of these, just an Aussie having some fun

But de system exist, I assure you

1 pip take profit and 20 pip stop loss.

Focus on money management and always keep this in mind: the most powerful force in the universe is compound interest - Albert Einstein -

F*ck trades and overthinking the markets, please listen to me because I know how to make money.

1 Take a random entry and set a 1:6 trade up, when you win one time you must take all of that money and put it on the next trade and once again. Try 3-4 steps at 3 trades in a row you will be averaging a r:r of 1:216 or at 4 1:1296.

Don't think just do, the markets goes: up; down; sideways.

Here you go, the holy grail of trading which has brought me enough money but if everybody starts to use this than everybody will win? Sure, but I know that this forum is filled with people who will bash and modify this post with new ideas and indicators and at the end they will lose it all.

No, I will not give you my methods of entry but I see the newbie questions coming:

- Which stop and tp is the best?
- Which time is it to be used?
- Which pair is the best for this system?
- Can we automate this?
- Can anyone incorporate my idea into this?
- How do I install an EA on my platform?
- I lost 40 trades in a row, f*ck this guy and system!
- Conclusion: they keep looking for the holy grail because the grail wasn't 23.7857947 centimeters long.


I will not return to this thread anymore because the answer is given and dumb and ugly people get on my nerves.

I think we should meet up for a beer sometime, we seem to have similar temperaments.

Unless of course you feel I am dumb and ugly, in which case may not be a good idea, I don't think I want to piss you off

HA HA HA... 92% drawdown.!.
But anyway any system with about. 50% win rate 2:1 reward risk and makes 16+ trades a month between 4 instruments with very low correlation is practically the holy grail.

These systems do exist.

imo the best method for high % trading is let a trend be established on a long term chart like a daily chart. wait for a pullback on either 8 or 4 hour, then enter when the signal goes back with the long term trend.

example. daily showing bullish trend, CCI on 8 hour goes -100, trade when it rises above -25. could use another indicator for confirmation and/or trade from another indicator like stochastics.

I believe you. But I don't understand how 1 pips take profit and 20 pips stop loss can be 1:6 trade up. The rest of the maths I understand. Please come back just this once to clarify. Thanks.

If someone claimed that they make alot of money trading forex, it is natural to be skeptical ....

August 31, 2012
Federal Court in Texas Orders Christopher B. Cornett to Pay over $17 Million in Sanctions in Foreign Currency Fraud Action

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order of default judgment and permanent injunction requiring defendant Christopher B. Cornett of Buda, Texas, to pay $10.16 million in restitution and a $6.78 million civil monetary penalty in connection with a foreign currency (forex) pooled investment fraud. The order, entered on August 24, 2012, by Judge Lee Yeakel of the U.S. District Court for the Western District of Texas, also imposes permanent trading and registration bans against Cornett and permanently prohibits him from further violations of federal commodities law, as charged.
The court’s order stems from a CFTC complaint filed on February 2, 2012, charging Cornett with solicitation fraud, issuing false account statements, misappropriating pool participants’ funds, and failing to register as a commodity pool operator (see CFTC Press Release 6175-12, February 8, 2012).
The order finds that, from at least June 2008 through at least October 2011, Cornett solicited prospective pool participants to invest in a pooled forex investment and that he acted as the manager and operator of the pool. The pool was referred to at various times as ITLDU, ICM, International Forex Management, LLC, and/or IFM, LLC, according to the order. In his solicitations, Cornett falsely told prospective pool participants that, while there were weeks when he either lost money or broke even trading forex, he had never experienced a losing month or a losing year trading forex, the order finds.
The order also finds that, from June 18, 2008 through September 2010, Cornett solicited approximately $7.07 million from pool participants, participants redeemed approximately $1.64 million, and Cornett lost approximately $4.17 million of the pool’s funds trading forex. During this period, Cornett had only one profitable month trading forex and earned little, if any, fees for acting as the pool’s operator, the order finds. Thus, during this period, Cornett misappropriated approximately $1.26 million of the pool’s funds and for most, if not all of the period, provided participants with false weekly reports/account statements, the order finds.
The court’s order further finds that, from October 2010 through October 2011, Cornett solicited an additional approximately $6.95 million from pool participants. Cornett transferred approximately $3.37 million to forex trading accounts at six foreign brokers and lost approximately $2.3 million at five of the brokers, and likely lost an additional $905,000 at the sixth broker trading forex with pool funds, the order finds. As of October 2011, Cornett had misappropriated approximately $1 million of the pool’s funds and less than $520,000 remained in bank accounts in the names of the pool, according to the order.
The CFTC appreciates the assistance of the U.S. Attorney’s Office for the Western District of Texas, Internal Revenue Service Criminal Investigation, and the Federal Bureau of Investigation.
The CFTC also appreciates the assistance of the U.K. Financial Services Authority, the British Virgin Islands Financial Services Commission, the Ontario Securities Commission, Germany’s BaFin, the Swiss Financial Market Supervisory Authority, the Eastern Caribbean Securities Regulatory Commission, and St. Vincent and the Grenadines’ International Financial Services Authority.
CFTC Division of Enforcement staff members responsible for this action are Patrick M. Pericak, Daniel Jordan, Jessica Harris, Rick Glaser, and Richard B. Wagner.
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