I also provide signals in Zulutrade for EURJPY: SP Account: Fxturtle. All the entries and exit for EURJPY is the same except for a few pips here and there. This account is not linked to Zulutrade platform because Pepperstone is not supported by ZT.
Good amount of unrealized positive pips last week did not reach maximum potential as the pair bounced in the rising trendline. Trendline was broken , but there was no follow through. The retrace to 100.15 is higher than the retrace to 99.64 and on the daily, the price is again above the rising trendline. If the pair closes above 102.50, it could challenge 103.852 high made on 9/17/2012. Only took 2 positions for this pair, but might add one more next week.
Highlights of my trading style for Zulutrade purposes.
- Swing trader. Some positions are open for 2 to 4 weeks until TP is reached
- Maximum TP is 800 pips
- SL are between 60 to 150 pips, which depends on support / resistance levels
- No overtrading. Average trades per month is between 10 - 15
- Maximum open positions is 6 ( 3 shorts and 3 longs). Hedge positions is only for winning trades. No hedging for losing trades
IMPORTANT: Follow on a DEMO for at least 8 weeks. If you want to follow with real money right away, please trade with 1 microlot for each trade.
The reason I asked my followers in Zulutrade to enter all trades (Max of 3 for each signal generated) is that so they can scale out winners at different levels.
As you will notice, the lowest pip gain is 70 pips and most reached over 200 pips. You can scale out 1 position at 100 then another at 200 or whatever level you choose, then ride the last trade. If we get stopped out on our initial SL say 275 pips. One or two trades could easily recover the loss. Please disregard trades opened earlier than 9/6/2012 as those trades were entered in the testing phase of ZT platform.
For transparency purposes, within the course of a year, we will get stopped out, but I will reduced trades accordingly if the going gets rough, so our DD will stay between 600 to 1000 pips. A DD of this magnitude per year trading 3 positions at a time would be acceptable for swing trading system as long the percentage does not exceed 15%.
Please note that the result below will NOT always happen every trade as the market has a life of its own and will move the way it wants. HISTORICAL PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
I took of some pips from SP Fxturtle in my Zulutrade SP account. In my live trading account, I took some profit off a little bit, 3 positions remain open unless there is a clear indication that it will go back to the rising trendline. I think my live trading account barely touches 100% return for about 5 minutes.
There is no clear direction for EURJPY as it took out the high at 103.85, but it closed below it.
The rise was capped at 104.60, which is also the low on April 16, 2012.
Positions are now short and stop loss are in place to protect for sudden movement to the upside
The pair made a strong bounce last weeks and it is tapping the declining trendline on the weekly. If this pair closes above 104.50 in the next few days, we are in for a rally. If a reversal candle takes places this week, we will be looking for a short entry.
I only took one position in Zulutrade due to the reason above to limit DD. However, I took three positions in my live account as I am comfortable with the risk i'm taking. If the pair breaks the declining trendline in the weekly, I am looking to add positions on a retrace.
This pair continues to move north without some meaningful retrace. My Zulutrade only took over 300 pips for this run up as I was looking for some meaningful retrace, but did not get that opportunity.
However, my live account had 3 positions, so I was able to capitalized on it. The 3 short trade taken last Friday was due to the declining trend line on the monthly chart, but stops are in place at 107.20.
how are you not a commercial member and still able to post in this forum? you're advertising your trade signals. From what i read, that has "commercial intent"
NocturnalFX is no longer offering commercial services
how are you not a commercial member and still able to post in this forum? you're advertising your trade signals. From what i read, that has "commercial intent"
Ignored
If the moderators does not tell me. I would assume that it would be ok to continue to post and I think that is it not your concern too as I'm not spamming on anyone's thread.
I will linked at least $10K Lmax account by middle or 3rd week of January to trade this system in addition to the Pepperstone account. The Lmax account will have a different position sizing strategy than Pepperstone.
I am thinking of sending signals from Lmax account for one year. NO CHARGE. The only requirements are below:
1. Account should also at Lmax (I'm not an Lmax IB nor Affiliate).
2. Position sizing / risk management is totally up to you (My part is only to send entry and exit)
3. I am not responsible of you blew your account (I will disable sending signals if I reached 1500 pips DD).
4. Account will be traded solely for EURJPY pair and ONLY my signal (I need to compare my performance to your performance)
5. Account should be linked in trade explorer (If there are trades not with my signal, I will disable the receiver)
If you are interested, just reply or send me a PM. I need to know before the January 10th. Any question before that, let me know.
At the end of December 2013, if performance is excellent, I might consider going commercial. If you will incur a loss, so do I.
I will linked at least $10K Lmax account by middle or 3rd week of January to trade this system in addition to the Pepperstone account. The Lmax account will have a different position sizing strategy than Pepperstone.
I am thinking of sending signals from Lmax account for one year. NO CHARGE. The only requirements are below:
1. Account should also at Lmax (I'm not an Lmax IB nor Affiliate).
2. Position sizing / risk management is totally up to you (My part is only to send entry and exit)
3. I am not responsible of you blew your account...
Ignored
Hi xtrader
Well your EJ trading record speaks for you. Really well done! I also like the fact that you only trade micro lots (or half a mini-lot).
I'm interested to follow you but opening an account at Lmax is well beyond the reaches of poor traders like me!
Sorry Jerry, but the reason I would like it to be at Lmax is that I can compare Apples to Apples. The variable in performance in terms of ROI will just be due to position sizing and trader's closing a trade early. Also, I need traders who are properly funded so they will not over leverage and will not have unrealistic expectations. Having s smaller account size have the tendencies to trade larger lot sizes that will result to blowing up their account.
I'm planning to send my trade entries through Multi terminal Power Trade Copier.
Sorry Jerry, but the reason I would like it to be at Lmax is that I can compare Apples to Apples. The variable in performance in terms of ROI will just be due to position sizing and trader's closing a trade early. Also, I need traders who are properly funded so they will not over leverage and will not have unrealistic expectations. Having s smaller account size have the tendencies to trade larger lot sizes that will result to blowing up their account.
I'm planning to send my trade entries through Multi terminal Power Trade Copier.
Ignored
Hi xtrader
Thanks for the reply and no problem at all.
I suppose you don't use twitter? Otherwise I suppose one can just follow your trades here on FF
