The Final Run | Forex Factory

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The Final Run

  • #1
  • First Post: Oct 23, 2015 1:08pm Oct 23, 2015 1:08pm
after many years learning and trading forex, i stalled.
i was never profitable on the long run, nor was i really at loss, i could barley manage not to blow up my account.

so i decided to quit . and move on with my life.

but before that, i'll give it one last hurrah.

i still have a live account with few bucks, i'll trade it till death.


money management will be a modified version of this : http://www.forexfactory.com/showthread.php?t=444377

-R/R 1/2
-risk per trade 10%
-SL to BE as soon as possible (depending on the pair and the volatility)

my new (very experimental) system can produce between 1 and 10 entry per day across major pairs, i'll try to get most of it.

i'll try to post results here every day by the end of the US session.

i hope this will be useful to someone and that you may learn from it
i lose money for a living
  • #2
  • Oct 23, 2015 4:18pm Oct 23, 2015 4:18pm
Quoting tylerbose
after many years learning and trading forex, i stalled. i was never profitable on the long run, nor was i really at loss, i could barley manage not to blow up my account. so i decided to quit . and move on with my life. but before that, i'll give it one last hurrah. i still have a live account with few bucks, i'll trade it till death. money management will be a modified version of this : http://www.forexfactory.com/showthread.php?t=444377 -R/R 1/2 -risk per trade 10% -SL to BE as soon as possible (depending on the pair and the volatility)...

Hi tylerbose

With a 10% risk per trade is because you have not learned yet.
Even though many years of forex as you say.

You already know how will end, with an approach like that.
But i wish you luck, very luck ... in your new life.

PS: Theres a big diference between gambling and trading.
  • #3
  • Oct 23, 2015 5:49pm Oct 23, 2015 5:49pm
Quoting tylerbose
after many years learning and trading forex, i stalled. i was never profitable on the long run, nor was i really at loss, i could barley manage not to blow up my account. so i decided to quit . and move on with my life. but before that, i'll give it one last hurrah. i still have a live account with few bucks, i'll trade it till death. money management will be a modified version of this : http://www.forexfactory.com/showthread.php?t=444377 -R/R 1/2 -risk per trade 10% -SL to BE as soon as possible (depending on the pair and the volatility)...
Well i agree with seahorse. Risking 10% per trade not going to help you. Its quite a lot. I trade daily graph and i take 10% risk daily and i trade 25 pairs. So i will have 10% distributed to all 25 pairs/trades which is almost 0.4% risk per trade and it is really peaceful trading and it is giving me enough profit to grow my account large slowly...

I think slow pace will help you to win at longer time otherwise it will blow up your account...

Any way good luck...its all about everyone's habit of trading...
  • #4
  • Oct 23, 2015 6:39pm Oct 23, 2015 6:39pm
Quoting tylerbose
risk per trade 10%.....between 1 and 10 entry per day across major pairs
  • #5
  • Oct 24, 2015 7:08am Oct 24, 2015 7:08am
thanks for your concern guys. i appreciate
the maximum risk is still open to modification, but not much, i could cut that to half (5%)

but thats not necessary, i wouldn't have chosen that high risk if the system didn't allow it.
its based on strong resistances, the price will just bump on it and go back most of the time.
and when that happens i'll put my SL to BE, i'll be trading risk Free.
in the worst case, i'll just lose commission.

this reminds me that i still have to build my EAs to manage the entries.

i'll be ready by Monday
i lose money for a living
  • #6
  • Last Post: Oct 27, 2015 7:17am Oct 27, 2015 7:17am
sorry for the lack of updates, my Internet was dawn since my last post and i obviously couldn't place any trade.
i lose money for a living
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