(binned per thread starter’s request) Growing Account Together

Hi all,

After almost 5 years here at Forex Factory have decided to finally take a plunge into the commercial section.

I have developed a profitable system and have decided to offer it as a signal service.

The aim of the system is to give an average return of 2-5% a month while keeping draw down under 12%.
I have demoed they strategy for 5 months and been trading live for about 3 months. Results are attached below:

Result of demo:
https://www.myfxbook.com/members/imtiaznafis/gauranteed-profit/1172157

Result of the live account
https://www.simpletrader.net/signal/4309/SolidFx.html (7 month track record)
https://www.myfxbook.com/members/imtiaznafis/solidfx/1363723
http://www.myfxbook.com/members/imtiaznafis/solidfx-slave/1447410 (trading with 4k USD at 2 times risk)
https://www.myfxbook.com/members/imtiaznafis/solidfx-slave/1447410 (trading with 4k USD at 0.5 times risk)


I will be providing full transparency and will be providing it as a signal service. The service will go live from 1st week of November.

If any one is interested please get in touch with me. Lets grow our account together!!!

You can signup for 1 week free trial with no risk to see how this strategy works. Link is here (https://www.simpletrader.net/signal/4309/SolidFx.html)

The main idea for this thread is to help people who are planning on investing in Forex. So they can make some money when I profit and I can also earn some money selling signal. As my account is not big enough to sustain my living expenses.

So what I am offering is a win-win situation.

The investor stand to make some money or maybe lose a little(due to overleverage or using too much risk) as past performance does not guarantee future results. But over a period of time this system will deliver a positive return.

I hope people will watch my trading for a few weeks before they decide to do anything.

This strategy uses both technical and fundamental analysis.

People can follow this signal at 2X the risk resulting in better gain and also higher dd. If someone would have followed my signal at 2X risk then the return from July till October would be 30%+ with a DD of 17%.

Again I hope I can help some traders here and also help myself in the process.

If you have any queries just post it here will get back to you as soon as I can.

Good day to all.

The signal will be provided via www.simpletrader.net (http://www.simpletrader.net) and you will need about $3000 to start. It will transferred via an EA straight to your MT4. You are free to choose your brokers.

I am thinking about charging something around $50 a month for the signal. So, with $3,000 and trading at 2X times risk you can earn about $120 a month on average. On a good month you can earn between $300 to $500 but will require a very volatile market. This mean some month you will get much more and some month you will get less. Depend on how volatile the market is. If you start with anything less I am afraid it will not work because after deducting the fees you will not be left with much. On the other hand if you start with more than 3k this will work even better. As this charge is fixed.


What I am offering is a way to grow you account and not riches overnight. If you still think that you will be multi -millionaire trading forex starting from $100 I suggest you wake up from your dream quickly. Not saying its impossible but the odds are almost same as being hit by a lighting when ur sleeping in your room.


Will be posting some charts later on giving some trade idea for the coming week.

Man this is great! Keep it up!

Thanks for the kind words RTM. Please drop by later on today will be posting charts that I think will be in play for next week!

This week I am looking at the following pairs closely as I believe they have a very high potential to show some decent moves.
1. EUR/USD
2. GBP/AUD
3. EUR/JPY
4. AUD/NZD

I will try to outline my logic behind the trade ideas so you can get a better feel of how I trade. You can see my actual trades on either https://www.myfxbook.com/members/imtiaznafis/solidfx/1363723 or here https://www.simpletrader.net/signal/4309/SolidFx.html

In the next post I will be sharing the ideas behind EUR/USD.

EUR/USD

Fundamental factors:

1. The Euro has traded largely in line with risk sentiment as of late, displaying safe haven properties since the PBOC devaluation of the Yuan in August triggered global market concerns.
2. Comments from ECB member Jazbec on September 23 reduced expectations of imminent action when he said the ECB is not currently discussing changes to the QE program and it is too early to discuss any adjustments. These comments reduced the short term bearish sentiment on the euro.

Recent development:
► Dovish comments by ECBs Nowotny who said that additional set of instruments are necessary

With ECB press conference coming up on Thursday this will very interesting to see whether ECB alters their QE program which will definitely move the market


Technical factors:

Please check the chart


Good level to short above 1.15 as per the news and technical levels I have at the moment

New news or other factors can change during the week which might change my view on the market. So have a look at my accounts on myfxbook to see how I actually traded.

Always remember never to be rigid in the market. Rule of thumb RIGIDITY KILLS

Very Realistic and very Consistent trading so far. Keep it up brother.
I hope serious and big investors will be attracted to your system.

End of a very interesting week of trading. My take profit target for Euro has not hit yet but I decided to close the trades early as I like going to the weekend with a flat position. I hope some of you made some money with the chart I posted above.

Myfxbook link for the signal is below. Please keep it in your tracking list to see my progress and if your interested in investing with my signal service at simpletrader.net please get in touch.
https://www.myfxbook.com/members/imtiaznafis/solidfx/1363723

If you have followed me this month with 2 times the risk of my master account you would have gained a total return of around 13%

Will post some analysis with trade ideas for the upcoming week over the weekend.

Good trading so far. I have added your system in myfxbook and will watch it closely for few weeks. Keep up the good work

Thanks for the encouraging words. Please be sure to check back on Sunday I will post some trade idea for next week might be profitable for you without costing you a cent!

Hi all I am back with some updates.

First of all I will walk you through some key events that took place this week. Please subscribe to this thread if you find this information useful. Thanks.

Chinese Fundamental Updates:

1. PBoC lower 1 year lending rate by 25bps from 4.60% to 4.35%, 1 year deposit rate by 25bps from 1.75% to 1.5% and RRR by 50bps from 18.0% to 17.5% with an additional 50bps cut for qualifying institutions, PBoC also remove banks' deposit rate ceiling
2. China September New Home Prices fell 0.9% Y/Y vs. Prev. 2.3% decline in August
3. PBoC economist states that the rate and RRR cuts are a reflection of the current economic outlook in China

European Fundamental Updates

1. The quarterly Survey of Professional Forecasters now sees inflation in the currency bloc at only 0.1% this year, a cut of 0.1 percentage point versus the previous forecast round in July. next year, inflation is expected only to be at 1.0% versus 1.3% seen in July
2. ECB President Draghis press conference has been interpreted as very dovish, with the key points being that the central bank is set to discuss whether additional action is needed in Dec and that they are ready to expand the QE
3. ECBs Draghi stating that downside remains in inflation and GDP; that a lowering of the deposit rate was discussed and that some members wanted to take action today.
4. 
   ECB President Draghi states that they talked about a deposit rate cut and that the recent appreciation of the EUR poses a downside risk to inflation ECB President Draghi stated that the central bank had an in-depth talk regarding instruments, and that no individual choice of instrument was made while they have committees to work in tools ECB President Draghi says effective structural policies are needed

USA Fundamental Updates

 

1. Barclays lower their US GDP 2015 tracker to 2.4% from 2.6%
2. US Manufacturing PMI (Oct P) M/M 54.0 vs. Exp. 52.7 (Prev. 53.1); highest since May

Japanese Fundamental Updates

 

1. Japan PM adviser Honda says there is no need for additional easing by the BoJ at this stage

Australian Fundamental Updates

 

1. Westpac and Commonwealth bank have done similar action where both increased rates which is seen to increase pressure for the RBA to cut rates. The CBA Australia's biggest home lender announced late yesterday that it was jacking up interest rates on its home loans by 0.15 percentage points, including loans for owner occupier The CBA, led by chief executive Ian Narev, will hike its standard variable home loan rate to 5.6 per cent on November 20.
   The bank's standard interest rate for investment property loans will also rise 0.15 percentage points, to 5.87 per cent.

​Main Risk event for the upcoming week:

All eyes will be at the FOMC meeting next week and the Federal Fund Rate decision. With all the latest economic updates we reciced last week its very unlikely FED will make a move next week. This is my opinion I could be wrong but the data seems to point to that there will be no change in Fed's stance next week.

I will be positing two trade ideas in couple of hours time which I think has a very high chance of playing out next week.

My first trade idea is shorting USD/JPY

The logic behind this trade is:
1. I am not expecting FED to increase interest rate and at the same time news from Japan suggest they will not be altering their QE program.
2. The move upside is limited at 125 max.
3. Good time to build position and ride it all the way to 118.00
4. Stops should be around 126.70 level

My second trade idea for the week is going long on GBP/USD.

With this pair it gets a little bit tricky. Again the main reason for going long on this pair is due to some the recent data out of UK is quite bullish and I don't think FED is going to do anything with the rate.

So just buy the cable at the market zone and sell it at last high.

Stop loss will be around 1.5090

My trade setup will be void if FED does increase interest rate which is very unlikely. But hey in FOREX you can never be too sure

I'll post more updates during the week if something critical happens in the market.

Hi all,

I am pleased to inform that our signal service SOLIFX (https://www.simpletrader.net/signal/4309/SolidFx.html) is live @ simpletrader.net marketplace. Please add to your watch-list and if you like what you see please SUBSCRIBE!! Link is below

https://www.simpletrader.net/signal/4309/SolidFx.html

WOW! Congratulation Mr. Nafis.
Really Solid performance so far.
Wishing to you a great success

thanks for the kind word.