{quote} well i got 24 pips today. GBP is the weakest. I only have an hour to trade due to my job. I hope to quit my job soon{image}
It might be that you are not a pro so I want to show you something. It's a screen taken from website we think belongs to GhostBiker.I believe all systems he/she presents here have similar characteristics.
Red dots below at the -1000 line - these are losses minus 1000 pips. At the right bottom corner we have two red dots - these losing transactions were closed after 83 days (83 days after opening - 2000 hours).
So how many +25 wins should you have to be at a break even? If you answer is 80 - you are right.
At the bottom left corner you have two more - 1000 losses. So you will need 80 wins more (at 25 pips each).
It is OK, if you know this, the whole picture.
1. So, it is I suppose reason why GB doesnt want us to see MyFxBook account. He/she closes small transactions leaving "runners" in hope that all will be closed someday. maybe you know that hope is not a good strategy, if not, you will know that for sure in the future.
2. At this account he/she managed to earn 18 000 dollars (or euros) a year (327 days). It is 1500 dollars a month which is well...
3. These money are not real, all demo.
To sum it all up: It might be that you are following a demo trader, "trading" multiple accounts and systems at the same time (amateurish), with 1500 in demo profits a month, hiding wild sides of his/hes systems. I have written "might" because he/she didnt answer our questions about ownership of the website: http://www.forex4profit.de/live-seminare-1-1.html where someone sells seminars for 2000 euros a day.
I suspect that GB should be a commercial member here at FF.
It may be however that he/she improved the effectiveness of systems and there are less losses and more wins (I can see huge work in finding many different systems, indices to do so - which is generallly good). But looking at these systems and results now, I will wait, now I am almost certain that this approach is a waste of time, results are too unstable, demoing leaves all psychological factors out of picture and this is a huge disadvantage.
I would like to see your results in a month or two, if it is not a big problem, please.
Important post scriptum:
After reading our thread "someone"
changed the system at the page/website above for more current. Unfortunately I have an annoying habit of saving things and I have pages from the 4 days ago.I bet that the new one will be equally "good", but the results we will see after a two-three months.
Visiting website take into account that Floating profit/loss is hidden. It means that there might be runners.
GB have you changed the statement/system at your website today?
Below: Screen taken from the former system.
