why?

There are the 5 steps in trader evolution:


Step One: Unconscious Incompetence.
Step Two - Conscious Incompetence
Step 3 - The Eureka Moment
Step 4 - Conscious Competence
Step Five - Unconscious Competence

Hopefully I have reached the step 3:
"You start to take every trade that your 'edge' shows has a good probability of winning with. When the trade turns bad you don't get angry or even because you know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it . The next trade or the one after it or the one after that will have higher odds of success because you know your system works.
You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make."

But ... but I have 3 loosing trades in a row, 1 open and 1 order pending and is coming the week-end

From 100 trades I had like 2-4 times consecutive loss before this.
My system use a SL now. Maybe is to close now? Or the daily news has more impact than expected?



GPB had a little positive news at 11:30 my time.
USD at 15:15 major news ( I was offline ) - but went in direction what I have expected.



USD was moved by Phily at 15:00 to SL, it was on profit before he become a loss. Bad



75 pip SL should be enough, shit happens 6% risk sometimes good, sometimes not. If the edge has the probability of 53% win and 47% loss, than this is the optimal mathematically!

It seems I have used to tight SL. good or bad, idk... at 5:00 wasn't any event, why was that up bar... idk... Atfer SL hit it would have a profit but now it would have a bigger loss. Neutral.


Usd/Jpy was closed by SL at 15:30 news. 40 pip SL wasn't enough with 50 it would survived and it would have a profit now. Bad.


Some daily charts: -on those I wanted to catch around 200-400 pips!

Gpb should go down now:


Eur should go down soon:


Usd/jpy down



Was to tight the SL and to high the leverage or just big number laws?


Open Eur/Jpy trade:


And his daily chart: You have reached the maximum number of attachments allowed per post.

If I would play as old scalper style and watch the news results at 15:30 and 17:00 than I would close trade sand open for correct direction.
Probably could be 20 pip in pocket, if not 80

There is the Trade Explorer. I found it usefully. It can be manipulated the data if: you start with a bigger capital and than withdraw a part of it, but I was wondering about:

Why is no trade explorer from "experts" from this forum?

Why is only 86 trade explorer which gives +10% or greater in 10 month?

Those who has a working system and they respect rules, they have a triangle at equity curve. So few...Pos: 5,11, 16, 21, 22, 23, 32, 33, 34, 37!!!, 41, 53, 70, 75. Only 14!









The pos 37:


From the more than 1k trades here are the worse:


worse return: 32% at 60 pips => leverage used was 1:50?
max pips in wrong way: 101 and leverage used on that was 1:10
max leverage it was around 1:60 : -20% in 37 pips.

The latest trades: strange... only a few pips and trade is closed!


The best trades:


There are many of trades with 1min duration and a loot under 20 min

The top is with 1:40 leverage
And can't see leverage over 1:60

Win rate 77%.

Very nice account! Grats!

Interesting thread!

I have pretty simple rule. When some interesting News is coming I finishing my trades where I haven't good profit to absorbing move what News can cause or trades where I do not want to lose profit.
Sometimes News help me, sometimes not. But I want to avoid situation, where slippage make lose trade from my winning or BE trade.

Got a mail from admin and "It can be manipulated the data if: you start with a bigger capital and than withdraw a part of it" maybe this isn't true any more.
Or can be modifyed with adding founds or already fixed. Thanks for warning!

I am sure a couple of months ago I made around 50% return and after that some found transaction reduced to around 10 or 20% only, now no matter if is fixed even better.

Leaderboard changes:



Second place picked:





Less: Pos 1,2,3,4,7,9 60 %
Same: Pos 5,
Better: pos 6,8,10 30%

Pos2 gone:

In 3 min opened and closed 3 trade with 1:100 leverage or so. That is 1:300 leverage...

In many accounts I see a decreased return, it is August, the vacation and random movement month!

Why don't care in August, why want to respect your trade system rules, which works on other 10 month than this 2 vacation? why do you think is the same market if most of big players are spending our money on exotic islands AND THEY ARE NOT TRADING?!

Here is a proof how can be manipulated:


All time return is 0.6% NOW.
When I have closed the last trade today it was around 5.5%
I have reseted the 1054$ to 10k$ and my return shows 0.6%, I bet if I remove founds to 100$ it will shot 50% !!!

Maybe the Trade Explorer show values what YOU have expecting based on your formulas, but doesn't show what I am expecting.

Edit:
Reseted to 1000 usd:

Now it doesn't changed

Edit2:
- reseted back to 10k:


now is 0.3%.. its a joke... not a financial software.

I do not wish to receive mail from you telling me it is good or exchange like 10 mail to fix this and receive explanation why is like that(LMAX-demo-egobuilder-prototype | Demo Account XXXXXXXX06) account issue. I don't care! This is not what I am expecting as user. Fix your shit, if you want, if not let it be a shit.

One I have applied to FF job: got rejected.
Applyed to Oanda, proposed to fix they bug for free: got rejected.
Dukas neither needs me as software developer. Clearly shown to they I can develop am make usable platform as they have even without giving me they source code! :
ING bank: reported bugs in web UI, crashes at server side, poor quality mobile app with bugs, several times. Neither of they need me.
At my workplace is the same: who can link better asses that has right and management make decisions as be they assess clean and don't care what software they are producing and how much they cost: http://www.forexfactory.com/showthre...53#post6423253

I don't care if you are CEO or Executive manager if the software is trash than is TRASH and I will say is trash and I can make better, if has bugs I will say it it has bugs.
If the user want other than what is in your mind I will say it and I will not tell for you "what a brilliant idea my boss!". If you don't like it than you can kick me and put others who will say what you want to hear.

I am in a really bad mode today.

Win rate is: 63.5%

=> optimal mathematical risk is: 27%




-42%

USD/JPY Sell 73:1
GPB/USD Sell 9:1
GPB/JPY sell 7:1
---------------
100% correlation, little hedged


EUR/JPY 2:1
EUR/AUD 2:1

The big part of the loss it is from USD/JPY!

Daily:


4h:


Almost all available leverage you have used!

Theoretically you should closed a few positions buddy! Good luck anyway!

Will be enough the free margin left to to this trade to BE or profit?

Usd/JPY went in good direction for him, now all are nice.

I would close it at some moment and I would receive a huge loss, he survived, grats!

Why send money to brokers?

- for margin, ofc...

But why send all of you money send to broker?

Lets say you have 10k usd to play with Forex.
You have a plan a monthly risk. Let it be 5%, is safe, I would say. For some is to much, for some even for a single trade is to few, in THIS trade plan example let be a monthly DD allowed and let it be 5%.

5% of total 10k is 500 usd.

Now if you send 10k to broker and lose 5% is the same amount of loss like sending 500 usd and loosing 100%.
So why send the 10k to the broker instead of just 500?

Today:


A few days old:



Hopefully they are fixing ...

Sept 30



Lets see what has changed from aug 16:

First 3 position down, or less.

After 10 month ( September end) the 10 th position is 100% ONLY. Who has better results or lost money or Trade Explorer unwanted calculations shows other results.

Still can't believe it is not doable the monthly -10 +30% range, which should have higher results after 10 month. Top is 391% and he is using variable leverage. Even 1:50 but most cases less for 1 trade, around 1:10

only pouis shows virtue....the rest are gamblers! There you have it, 1 out of 100 is showing longevity.And these are the best public explorers in FF!!!! just imagine the real picture for the 1000 or so explorers

It is said that brokers on average make 100% of the total deposit every 9 months...thats why the give deposit bonus...just throwing a few nuts to the chimps

You're right. It doesn't stop them coming though.
You're better off buying the bookie than betting against him:

http://uk.finance.yahoo.com/q/bc?s=I...=on&z=l&q=l&c=

Were these positions English-speaking positions?