How I grew $187.91 to $1 Million in 5 years | Page 6 | Forex Factory

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How I grew $187.91 to $1 Million in 5 years

  • #101
  • Jun 15, 2014 11:21pm Jun 15, 2014 11:21pm
Fifth trade of the week:

Long GBPJPY

SL:~ 8 pips (Below the red line)
Max TP: ~50 pips (around the blue line)

http://www.mql5.com/en/charts/200440...2-global-prime

Result: Loss of -7.5 pips

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #102
  • Edited Jun 16, 2014 12:02am Jun 15, 2014 11:22pm | Edited Jun 16, 2014 12:02am
Sixth trade of the week:

Re-entered long after fifth trade was stop out and the candle that stopped out it ended in green

Long GBPJPY

SL:~ 8 pips (above the red line)
Max TP: ~50 pips (around the blue line)

http://www.mql5.com/en/charts/200440...2-global-prime

Result: Loss of -7.1 pips

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #103
  • Jun 16, 2014 2:34am Jun 16, 2014 2:34am
Not a good week to start, but the week has just started.

My coffee break made me missed this bearish butterfly. It would be right on target.

http://www.mql5.com/en/charts/200515...2-global-prime

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #104
  • Jun 17, 2014 6:20pm Jun 17, 2014 6:20pm
Quoting xtrader101
Not a good week to start, but the week has just started. My coffee break made me missed this bearish butterfly. It would be right on target. http://www.mql5.com/en/charts/200515...2-global-prime Cheers, FxTurtle
Yeah, I'm holding crap left over from last week (unfortunately), but that's okay ... .

Woody the Zebra Squirrel.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #105
  • Jun 24, 2014 5:59am Jun 24, 2014 5:59am
Hi

I am honestly worried at the rate your account is sinking, I need someone to be trading with, please change course
  • #106
  • Edited Jun 25, 2014 9:35am Jun 24, 2014 2:12pm | Edited Jun 25, 2014 9:35am
Quoting tafadzwa02
Hi I am honestly worried at the rate your account is sinking, I need someone to be trading with, please change course
I'll be here.

The only thing I changed is the pip range.

Only EURUSD will be traded with 3 micro lots per trade. GU is too much volatility for this strategy.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #107
  • Edited Jun 26, 2014 8:08am Jun 25, 2014 8:01pm | Edited Jun 26, 2014 8:08am
The strategy of trading multiple pairs is not working.

Starting today, only EURUSD will be traded

Lot size: 3 micro lots per trade
Max SL: 11 pips
Max TP: 50 pips

Trading will stop for the day if accumulated loss for the day is -40 pips
Trading will stop for the day if accumulated gain for the day is 100 pips

Trading will also stop if there is no tradeable setup.

Session to trade: Europe and US session (This is to eliminate trades during low volatility Asian session)

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #108
  • Jun 26, 2014 1:20am Jun 26, 2014 1:20am
For those interested in Range bar charting:

I am using range bar from http://www.az-invest.eu/rangebars-pl...or-metatrader4.

It's not free. I paid one-time fee of $35, but they offer a free week trial.

For those interested in Renko Charting:

I found this: http://www.pimpmyea.com/free-renko-kit-instructions/

It's free, but I cannot say about the quality as I haven't tried it yet.

Disclaimer: I am not affiliated or have any association with the websites mentioned above.

See the difference:

Time base chart (4HR)

http://www.mql5.com/en/charts/204864...-financial-pty

Range bar (10 pip range)

http://www.mql5.com/en/charts/204865...apital-markets

Renko (10 box size)

http://www.mql5.com/en/charts/204863...d-global-prime

Decide which one you want.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #109
  • Jun 26, 2014 4:47am Jun 26, 2014 4:47am
First won +14 pips.

I closed after I saw the green candle right at the bottom of the channel I drew, which coincide with Fibonacci retrace between 50% and 61.8% from the latest ran up.

One position remain in my Moderate Turtle account. I will close when TP is hit or if there is a buy signal, which may happen soon.

http://www.mql5.com/en/charts/204973...2-global-prime

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #110
  • Jun 26, 2014 6:41am Jun 26, 2014 6:41am
The channel from the previous post did not hold. Let's see if it stops here in horizontal lines.

http://www.mql5.com/en/charts/205030...2-global-prime

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #111
  • Jun 26, 2014 7:59am Jun 26, 2014 7:59am
Closed the last long in my moderate fxturtle account for +30 pips.

Long trade taken after PA showed indication of support holding up.

http://www.mql5.com/en/charts/205071...2-global-prime

Time will be the judge if support holds up. Did not take long for me to get stopped out.

Result: Loss of -11 pips

Looking to re-enter long if green candle appears.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #112
  • Jun 26, 2014 10:58am Jun 26, 2014 10:58am
After the bruhaha, net gain is +1 pip, but $1 loss due to commissions.

Looking for short trade.

http://www.mql5.com/en/charts/205182...6-global-prime

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #113
  • Edited Jun 27, 2014 2:42am Jun 26, 2014 8:31pm | Edited Jun 27, 2014 2:42am
Quoting xtrader101
The strategy of trading multiple pairs is not working. Starting today, only EURUSD will be traded Lot size: 3 micro lots per trade Max SL: 11 pips Max TP: 50 pips Trading will stop for the day if accumulated loss for the day is -40 pips Trading will stop for the day if accumulated gain for the day is 100 pips Trading will also stop if there is no tradeable setup. Session to trade: Europe and US session (This is to eliminate trades during low volatility Asian session) Cheers, FxTurtle
Changed to:

Max loss for the day: -50 pips
Max SL per trade: -12 pips
No trades should be taken after 12:00 noon unless the price action is due to big news. However, trades taken before noon can be carried to the next session.
No trades should be carried over the weekend.
Fear prevent possibilities, and so does Greed
  • #114
  • Jun 27, 2014 2:44am Jun 27, 2014 2:44am
Short after the close of the red bar that hit 78.6% fib retrace.

Stop just 1 pip above the first red bar around 1.3634ish.

http://www.mql5.com/en/charts/205430...2-global-prime

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #115
  • Jun 30, 2014 3:15am Jun 30, 2014 3:15am
I transferred whatever was left in my previous account to a new account ($452.29).

The reasons are:

1. The equity curve in that account is depressing to look at
2. Multiple pairs and strategies were traded in that account.
3. It is hard to track which one was good to go and which one is not.

The new account will only trade EURUSD.

If I do not make profit of at least +200 pips at the end of July, I will take a rest and catch up with sleep.

New account will be connected to the new explorer after FF figure out the issue.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #116
  • Jun 30, 2014 5:11am Jun 30, 2014 5:11am
Quoting xtrader101
I transferred whatever was left in my previous account to a new account ($452.29). The reasons are: 1. The equity curve in that account is depressing to look at 2. Multiple pairs and strategies were traded in that account. 3. It is hard to track which one was good to go and which one is not. The new account will only trade EURUSD. If I do not make profit of at least +200 pips at the end of July, I will take a rest and catch up with sleep. New account will be connected to the new explorer after FF figure out the issue. Cheers, FxTurtle
Good Idea
  • #117
  • Jun 30, 2014 8:18am Jun 30, 2014 8:18am
Quoting xtrader101
I transferred whatever was left in my previous account to a new account ($452.29). The reasons are: 1. The equity curve in that account is depressing to look at 2. Multiple pairs and strategies were traded in that account. 3. It is hard to track which one was good to go and which one is not. The new account will only trade EURUSD. If I do not make profit of at least +200 pips at the end of July, I will take a rest and catch up with sleep. New account will be connected to the new explorer after FF figure out the issue. Cheers, FxTurtle

Why did you change your winning formula? I remember you used to stay in the market for long and your trades were winners over the long term .Why don't you go back to that instead of trying to fix something that is not broken ?

Just a question
  • #118
  • Jun 30, 2014 9:07am Jun 30, 2014 9:07am
It was for GBPJPY and it doesn't really suit my trading personality.

If this EURUSD strategy makes at least +200 pips a month with a DD less than 150 pips, then this will be my "Holy Grail".

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #119
  • Jun 30, 2014 10:08am Jun 30, 2014 10:08am
For some reason, FF cannot connect the trade explorer to my Pepperstone, but myfxbook works fine.

http://www.myfxbook.com/members/fxtu...xturtle/960373

Two trades made today. 1 loser and 1 winner.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #120
  • Jun 30, 2014 7:20pm Jun 30, 2014 7:20pm
This is the definite plan for this account for July:

Traded pair: EURUSD
Lot size: 1 mini lot
Trade time: 3:00 AM - 11:00 AM EST
Typical SL: 12 pips
Emergency SL: 15 pips
Maximum TP: 30 pips
Trail: Trail by 3 pips after 25 pips profit
Breakeven: Move SL to BE + 2 after 20 pips profit
No trades will carry over the weekend
Trades will be closed at 12:00 noon Friday EST

News time plan:
If a signal shows up 1 hour before big news event, ignore it. Only trade signals after the news.
No trades will be taken after 11:00 AM unless it is due to big news event (i.e. FOMC)

Big news event that should be considered:
FOMC
NFP
Euro bid rate announcement and Draghi conference call

If 150 pips DD is reached before the end of the month, the account will be closed and I will take whatever is left.

Anyone is welcome to contribute, but keep the thread civil.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
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