Don't tell me the guy selling the EA is gone!...... I was ready to get rich....come on people, $100 is all you need. $99 EA that turns $1 to $1 000 000. 
What you do is a reflection of you....what I do is a reflection of me.
- #23
- Oct 5, 2011 8:56am Oct 5, 2011 8:56am
- | Commercial User | Joined Aug 2011 | 1,121 Posts
Follow me to the Promised Land
- #25
- Oct 5, 2011 3:45pm Oct 5, 2011 3:45pm
- Joined Jul 2007 | Status: Trader | 1,685 Posts
Our EA meister has, suddenly, gone quiet. Perhaps, he is recharging his batteries for the return trip to planet Zog
BTC Return This Year:
na
- #27
- Oct 6, 2011 3:32am Oct 6, 2011 3:32am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.
- #28
- Oct 6, 2011 8:31am Oct 6, 2011 8:31am
- Joined Jul 2007 | Status: Trader | 1,685 Posts
BTC Return This Year:
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- #35
- Edited 6:51pm Nov 4, 2011 6:31pm | Edited 6:51pm
- | Membership Revoked | Joined May 2011 | 2,976 Posts
Raghu_C, I took a look at your first day trading and I want to make sure that I understand your MM:
1). When you have only 274.00 in your account, you trade 0.1 lot? Most of the traders trade 0.1 lot only when they have at least 1,000.00 account, so the normal lot size is 4 times smaller than your lot size! In other words, you're 4 times overleveraging!
2). Your TP is 20 pips, but your SL is approximately 500 pips (I see different figures in different trades, but it is usually several hundred pips). I understand that this 500 pips SL is rather an emergency stop than an actual stop, but nevertheless even 300 pips fast and unexpected move could destroy your 274.00 account.
3). In the first day you have 15 winning trades and 6 losing trades. That means that if you are not fast enough to exit out of the bad trade, there is a 29% chance that you can lose your account in just one trade.
Am I right or I misunderstood your first day trades?
With MM like this doubling an account in one day is possible, but it is not trading, it is just gambling. Who in his right mind would risk the whole account every trade?
So, you probably showed these trades in order to impress the readers, but I'm not impressed, on the contrary - you amused me!
In my opinion, there's nothing to write home about...
1). When you have only 274.00 in your account, you trade 0.1 lot? Most of the traders trade 0.1 lot only when they have at least 1,000.00 account, so the normal lot size is 4 times smaller than your lot size! In other words, you're 4 times overleveraging!
2). Your TP is 20 pips, but your SL is approximately 500 pips (I see different figures in different trades, but it is usually several hundred pips). I understand that this 500 pips SL is rather an emergency stop than an actual stop, but nevertheless even 300 pips fast and unexpected move could destroy your 274.00 account.
3). In the first day you have 15 winning trades and 6 losing trades. That means that if you are not fast enough to exit out of the bad trade, there is a 29% chance that you can lose your account in just one trade.
Am I right or I misunderstood your first day trades?
With MM like this doubling an account in one day is possible, but it is not trading, it is just gambling. Who in his right mind would risk the whole account every trade?
So, you probably showed these trades in order to impress the readers, but I'm not impressed, on the contrary - you amused me!
In my opinion, there's nothing to write home about...
Gentlemen always play by the rules. If they can't, they change the rules.
- #36
- Nov 5, 2011 3:03am Nov 5, 2011 3:03am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader
Raghu_C, could you please send me a private message, I have some questions for you.
Thanks!
Raghu_C, I took a look at your first day trading and I want to make sure that I understand your MM:
1). When you have only 274.00 in your account, you trade 0.1 lot? Most of the traders trade 0.1 lot only when they have at least 1,000.00 account, so the normal lot size is 4 times smaller than your lot size! In other words, you're 4 times overleveraging!
2). Your TP is 20 pips, but your SL is approximately 500 pips (I see different figures in different trades, but it is usually several hundred pips). I understand that this 500 pips...
2, TP is 20 pips but i close trades before it hit in SL means i dont use SL but close when market go wrong side. another method is hedge with extra leverage if there is chance to return back after hit hedge trade TP but its painful.
3, 1st day means 24 hours its 19 trades, around 30% chance to loss all money if i am not fast enough to exit out of the bad trade yes that risk is giving 100% profit daily but i am fast enough to exit out of the bad trade.
More risk more profit become less risk more profit with some logic
ex: you invest $2.50 but you will get $2500 if you loss $2.50 is not risk
raghu PM me with ur details and ur EA pricing and details.
EA is not working at all but strategy is good cause EA cant predict what was reports in ECB press conference or NFP details
ps: why should i sell my strategy or EA if i am able double money daily ?
lol anyway its possible .....
- #38
- Nov 5, 2011 3:59am Nov 5, 2011 3:59am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader
- #40
- Nov 5, 2011 1:10pm Nov 5, 2011 1:10pm
- | Membership Revoked | Joined May 2011 | 2,976 Posts
1, can use over leverage when open trades have high probability, many traders using lists of "probability theories" in trading .
2, TP is 20 pips but i close trades before it hit in SL means i dont use SL but close when market go wrong side. another method is hedge with extra leverage if there is chance to return back after hit hedge trade TP but its painful.
3, 1st day means 24 hours its 19 trades, around 30% chance to loss all money if i am not fast enough to exit out of the bad trade yes that risk is giving 100% profit daily but i am fast...
I don't even know: should I laugh or should I cry?
Gentlemen always play by the rules. If they can't, they change the rules.