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  • #141
  • Feb 28, 2014 4:48pm Feb 28, 2014 4:48pm
Trading was looking good this week until the latest Euro session which had a few losses.

Drawdown got a little high at one point at about 30%.

Below is a screen shot of trades taken this week using the autotrader and without closing any trades manually.

Equity at the close of last week was $673.67 and the close this week at $720.24 for a gain of $82.57 which is around 12% for the
week.

Attached Image (click to enlarge)
Click to Enlarge Name: equity.JPG Size: 52 KB
Attached Image (click to enlarge)
Click to Enlarge Name: history.JPG Size: 235 KB
  • #142
  • Mar 3, 2014 3:39am Mar 3, 2014 3:39am
USD/JPY: Buy above 101.38 with TP 101.68, SL 101.08, in case we go above 101.08 sell for 30 pips(sell stop order)
USD CHF:Sell below 0.8814 with TP 0.8780,SL 0.8845,in case we go above 0.8848 buy for 30 pips (buy stop order)
EUR/USD: Sell below 1.3790 with TP 1.3745/32, SL 1.3820, In case we go above 1.38350 buy for 30 pips(buy stop order)
GBP/USD: Buy above 1.6722 withTP 1.6760 ,SL 1.6790,In case we go below 1.6680 sell for 30 pips(sell stop order)
  • #143
  • Mar 3, 2014 4:06am Mar 3, 2014 4:06am
Quoting kaiser soze
{quote}e yes.....and now at this moment they are in 2 eurusd trades with 100 pip stop losses with very volatile news coming up after the euro run and I woke up to see over 100 pips in loss over night. This has the appearance of "revenge trading" even though they clearly state 30 pip sl.......AND same lotsize IF (which I am) you are on fixed lot, so this is no "set and forget" other than for me........no more set, just forget now! I'm outta here!

Hi,

2 trades on EUR USD were open and equal to 4 normal trades and nothing more so lotsize in this case was equal.News passed already when trades were placed,tech analysis was made 3 days before the trades triggered and fundamentally it pointed the same direction so no revenge trading here as we would not cover the other trades in the first place.It seemed the most apropriate action to take under those circumstances and the 100 pips SL is not a fix one neither the TP on the swing trades.The 100 was placed as it was acc to RR and a decent area of SL.

I don't know when you joined us,if you are in trial or paid member but looking at the more than 3 weeks of posting here on a daily basis I feel like cherry pick is not the right term.what you saw here was what our customers received.we never mentioned there will be no lost trades as it depends on the market.we only mentioned we need 30pips to achieve our goals.Obviously when jumping in a DD it looks bad but the longer term I don't think it looks that dark.

Stick around with us for a while on the forum and look at the trades.Maybe you will like it in the longer term.

Thank you for the feedback.This is how we improve our service and your input is highly appreciated
  • #144
  • Mar 3, 2014 4:09am Mar 3, 2014 4:09am
Quoting shandy
2 EU trades with 100 pip SL's? And this signals thread started off looking like it could be good, based on solid rules...not for long though it seems

Hi,

I believe you jumped in the trial in that very day when we had the EU losses right? Please keep an eye on the rest of the trades,wait for 2 weeks and please let us know what you think.If there is something we can improve,something you would like us to do,something you did not like at all.I don't find it fair to jump to conclusions after only half day of trading.

Kind Regards
  • #145
  • Mar 3, 2014 4:11am Mar 3, 2014 4:11am
OK.........My main concern was whether or not using a fixed lot is viable with your system. When I say "cherry picked" I meant that all your trades shown here have only 30 pip stop loss and in real life some of your trades are 100 or more. If that's the case, then it would be appreciated if you elaborate more on fixed vs variable lots with your strategy.

thx
  • #146
  • Mar 3, 2014 4:31am Mar 3, 2014 4:31am
Quoting kaiser soze
OK.........My main concern was whether or not using a fixed lot is viable with your system. When I say "cherry picked" I meant that all your trades shown here have only 30 pip stop loss and in real life some of your trades are 100 or more. If that's the case, then it would be appreciated if you elaborate more on fixed vs variable lots with your strategy. thx

Hi,

Using a fix lot size is part of the strategy but only for the safety measures.The growth is exponential therefor a growth in the lotsize after each won trade is needed but not a must.It would only decrease the time to achive the goal while keeping the same risk.Keeping the same lotsize for the whole month would only decrease the risk after each won trade.

In our case a larger SL was applied as the lotsize on the lost trades was halved and the 2 new trades equaled the 4 trades open on a daily basis so nothing wrong here.The only wrong thing was the SL despite the RR as we mentioned we won't trade swings anymore for the time consuming they are.

At this point we have 2 more weeks to achieve our goal for this month so it would be achived in baby steps.

Kind Regards,
  • #147
  • Mar 3, 2014 4:41am Mar 3, 2014 4:41am
Thanks fxs, I'll definitely be keeping an eye on progress as it would be good to have a good signal provider. This link http://www.connectforex.com/signal/1...xsignalfx.html looks to be the easiest way for everyone to keep a track of your signals.
  • #148
  • Mar 3, 2014 5:05am Mar 3, 2014 5:05am
Quoting shandy
Thanks fxs, I'll definitely be keeping an eye on progress as it would be good to have a good signal provider. This link http://www.connectforex.com/signal/1...xsignalfx.html looks to be the easiest way for everyone to keep a track of your signals.

Hi,

Thanks,will be looking into it.As a matter of fact I heard here that we don't want to show any myfxbook or anything like this but we are open to all of it.Simpletrader is same I guess and it is open for all our members.

Definetely we will add another one for the non members as well.

Kind Regards,
  • #149
  • Mar 3, 2014 5:13am Mar 3, 2014 5:13am
Quoting forexsignalf
USD/JPY: Buy above 101.38 with TP 101.68, SL 101.08, in case we go above 101.08 sell for 30 pips(sell stop order) USD CHF:Sell below 0.8814 with TP 0.8780,SL 0.8845,in case we go above 0.8848 buy for 30 pips (buy stop order) EUR/USD: Sell below 1.3790 with TP 1.3745/32, SL 1.3820, In case we go above 1.38350 buy for 30 pips(buy stop order) GBP/USD: Buy above 1.6722 withTP 1.6760 ,SL 1.6790,In case we go below 1.6680 sell for 30 pips(sell stop order)
Hi fxs, here you said "GBP/USD: Buy above 1.6722", and on the connect forex site it shows a trade "2014/03/03 06:29:542014/03/03 07:15:17 1.67372 1.67403 00.03 Buy GBPUSD 3.1", so a buy of GBPUSD at 1.6737 which was closed for 3.1 pips. Why was this trade taken if you were waiting for 1.6722?
  • #150
  • Mar 3, 2014 5:30am Mar 3, 2014 5:30am
Quoting shandy
{quote} Hi fxs, here you said "GBP/USD: Buy above 1.6722", and on the connect forex site it shows a trade "2014/03/03 06:29:542014/03/03 07:15:17 1.67372 1.67403 00.03 Buy GBPUSD 3.1", so a buy of GBPUSD at 1.6737 which was closed for 3.1 pips. Why was this trade taken if you were waiting for 1.6722?

Hi,

This trade was taken before the others were released as you can see and it was trail stopped for 3 pips.Entering again at 1.6722 wouldn't have fit our MM as per already open trades.Trade copier and email trades cannot be one and the same due to MM.If we have already the EUR USD open since Friday and USDCHF we would not want to overcharge the account before GBP news.

Kind Regards,
  • #151
  • Mar 3, 2014 5:31am Mar 3, 2014 5:31am
Quoting forexsignalf
{quote} Hi, This trade was taken before the others were released as you can see and it was trail stopped for 3 pips.Entering again at 1.6722 wouldn't have fit our MM as per already open trades.Trade copier and email trades cannot be one and the same due to MM.If we have already the EUR USD open since Friday and USDCHF we would not want to overcharge the account before GBP news. Kind Regards,
Ok, so email and copier will have different results?
  • #152
  • Mar 3, 2014 6:07am Mar 3, 2014 6:07am
Quoting shandy
{quote} Ok, so email and copier will have different results?

Hi,

always.we cannot control what subscribers do with the signals.when we say 20 pips SL to BE and after 30 pips trail some might wait for 30 pips and loose on a turnaround some might hit BE on that some might close at 20 pips.

if we already have open trades and decide not to close them as SL was not touched the next day we cannot trade same amount of trades as one will still be open.
  • #153
  • Mar 3, 2014 6:21am Mar 3, 2014 6:21am
Quoting forexsignalf
USD/JPY: Buy above 101.38 with TP 101.68, SL 101.08, in case we go above 101.08 sell for 30 pips(sell stop order) USD CHF:Sell below 0.8814 with TP 0.8780,SL 0.8845,in case we go above 0.8848 buy for 30 pips (buy stop order) EUR/USD: Sell below 1.3790 with TP 1.3745/32, SL 1.3820, In case we go above 1.38350 buy for 30 pips(buy stop order) GBP/USD: Buy above 1.6722 withTP 1.6760 ,SL 1.6790,In case we go below 1.6680 sell for 30 pips(sell stop order)

Please cancel USD CHF trade.Pair seems to go higher than our entry.

On EUR USD please start trailing as 30 pips is hit now.

USD JPY under water now but we are confident it will turn out in profit soon
  • #154
  • Mar 3, 2014 8:41am Mar 3, 2014 8:41am
Quoting forexsignalf
{quote} Please cancel USD CHF trade.Pair seems to go higher than our entry. On EUR USD please start trailing as 30 pips is hit now. USD JPY under water now but we are confident it will turn out in profit soon

USD JPY in profit now
keep it tight news around the corner.if we have good news this pair should soot up to TP and beyond to 102.04 where turning point will strike and a sell is welcome.
  • #155
  • Mar 3, 2014 10:00am Mar 3, 2014 10:00am
Quoting forexsignalf
USD/JPY: Buy above 101.38 with TP 101.68, SL 101.08, in case we go above 101.08 sell for 30 pips(sell stop order) USD CHF:Sell below 0.8814 with TP 0.8780,SL 0.8845,in case we go above 0.8848 buy for 30 pips (buy stop order) EUR/USD: Sell below 1.3790 with TP 1.3745/32, SL 1.3820, In case we go above 1.38350 buy for 30 pips(buy stop order) GBP/USD: Buy above 1.6722 withTP 1.6760 ,SL 1.6790,In case we go below 1.6680 sell for 30 pips(sell stop order)

EUR USD touched the TP and we expect it to run a bit lower to the 1.3700 level.Let's wait and see what will develop.
  • #156
  • Mar 3, 2014 12:01pm Mar 3, 2014 12:01pm
Remember on EUR USD 1.3730 is the point of no return for today.If we breach and close below we see 1.3695 .Obviously this is news sensitive.At the end of the day who cares now if forex is still going or not.We just need to hope for no war tonight.
  • #157
  • Mar 4, 2014 8:40am Mar 4, 2014 8:40am
No trades today?
  • #158
  • Mar 4, 2014 10:35am Mar 4, 2014 10:35am
Quoting shandy
No trades today?

Hi,

USD/JPY: Buy above 101.56 with TP 101.90, SL 101.26, in case we go below 101.15 sell for 30 pips(sell stop order) never went that low to trigger
USD CHF:Buy above 0.8817 with TP 0.8854,SL 0.8785,in case we go below 0.8775 sell for 30 pips (sell stop order) never went that low to trigger
EUR/USD: Sell below 1.3743 (sell stop order)with TP 1.3703/3685, SL 1.3777, In case we go above 1.3785 buy for 30 pips(buy stop order)triggered and in profit
GBP/USD: Sell below 1.6665 (sell stop order)withTP 1.6720 ,SL 1.6695,In case we go above 1.6705 buy for 30 pips(buy stop order)triggered and in profit

remember to keep 20 pips SL to BE then at 30 pips trail especially on EUR USD
  • #159
  • Mar 4, 2014 10:49am Mar 4, 2014 10:49am
Hi fxs, what time were these sent out?
  • #160
  • Mar 4, 2014 11:03am Mar 4, 2014 11:03am
Quoting shandy
Hi fxs, what time were these sent out?
Hi,

Time was 06:35 GMT as usual.

Prices were 0.8830 on USD CHF
1.3755 on EUR USD
1.6675 on GBP USD
101.80 on USD JPY
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