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$10,000 Profit a Month Personal Challenge

  • #21
  • Dec 12, 2016 6:09am Dec 12, 2016 6:09am
Quoting Spoon138
{quote} Hi Dax, nice journal and how refreshing to see some real trading. A question if you dont mind: Are your stops/ targets placed around the indi's/ MM or are they more discretionary around highs,lows market sructure etc.. that is to say are your strategies completely mechanical or do they still rely heavily on your input/knowledge. all the best.
Hi,
Stops and targets are mechanically generated but very dynamic because always checking ATR, to gauge volatility. So stops placement depend on how volatile market is at current time. Once the system places the stops I am not touching them, so its 95% mechanical.
I only make an intervention if there is too much exposure in one pair before major news, like FOMC etc, so i can trim down trades, or move SL to breakeven, etc. I consider that just using common sense as every trader has to deal with NFP, FOMC etc,.

regards..
  • #22
  • Dec 12, 2016 10:51am Dec 12, 2016 10:51am
Nice trading dax30! We would really appreciate it if you could give us some more information on the strategies that you are using. As you said, there are too many available on the forums and it is hard to pick the ones worth learning.
  • #23
  • Dec 12, 2016 1:21pm Dec 12, 2016 1:21pm
Quoting surfac
Nice trading dax30! We would really appreciate it if you could give us some more information on the strategies that you are using. As you said, there are too many available on the forums and it is hard to pick the ones worth learning.
Hi.
See post#4
  • #24
  • Dec 13, 2016 1:18am Dec 13, 2016 1:18am
i like you courage,all the best.
100% KENYAN.
  • #25
  • Dec 13, 2016 2:56am Dec 13, 2016 2:56am
Quoting dax30
{quote} Hi. See post#4
That is what I was reffering to. A little more information than that.
  • #26
  • Dec 15, 2016 3:55am Dec 15, 2016 3:55am
Good moves last night for the intra day system on accounts 1 and 2.

Total equity gain for December now approx. $19,000.
Great start for the journal.
  • #27
  • Dec 15, 2016 8:33am Dec 15, 2016 8:33am
Wow, this is amazing! Are you using publicly available expert advisors? If so, what are they?
  • #28
  • Dec 15, 2016 8:48am Dec 15, 2016 8:48am
Great system, great reward, can you explain a little more?!
  • #29
  • Dec 15, 2016 8:57am Dec 15, 2016 8:57am
Quoting MarkoTrd
Great system, great reward, can you explain a little more?!
Hi,
The entire logic is much too complex to share in forum, sorry.
It contains many hundreds of lines of codes with many intricate rules and conditions.
In its raw form, it contains multiple components to take advantage of ranging and fast moving markets, so always partially diversified.
If I try to explain in oversimplified state, then would only cause confusion and people trying to use it half heartedly.
  • #30
  • Dec 15, 2016 9:01am Dec 15, 2016 9:01am
Quoting intellivesto
Wow, this is amazing! Are you using publicly available expert advisors? If so, what are they?
Hi, no offense, but a public EA not perform like this.
Normally, they are grids, martingale grids, martingales, asian scalpers (on a demo account), so mostly public EA follow same format, time and time again. The aim is only to dupe new traders to market, and sell lumps of gold dreams for $99.....

Some EA may be profitable, but very marginal due to high number of users.
  • #31
  • Dec 15, 2016 9:15am Dec 15, 2016 9:15am
Very impressive. Wish you the best. Following.
insanity: Doing the same thing over... and expecting different results -AE
  • #32
  • Dec 15, 2016 9:25am Dec 15, 2016 9:25am
Hate to be the 1 that delivers this news, first glance at youre performance, the truth is that this account wont last 8months, either you change you're approach or buckle up for a margin call......... once people understand the full definition of trading life would be more simpler and profitable, its a marathon not a race.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #33
  • Dec 15, 2016 9:33am Dec 15, 2016 9:33am
Quoting Soros
Hate to be the 1 that delivers this news, first glance at youre performance, the truth is that this account wont last 8months, either you change you're approach or buckle up for a margin call......... once people understand the full definition of trading life would be more simpler and profitable, its a marathon not a race.
Hi,
you don't know my stats so you can't make that judgement call.
I know my drawdown and I know that $ amount wont margin call a $5000 account.
Maybe if all experts here show a live account instead of being keyboard warriors life would be easier.
  • #34
  • Dec 15, 2016 10:33am Dec 15, 2016 10:33am
Nicely traded. Very good results. Keep it up.
  • #35
  • Dec 15, 2016 10:49am Dec 15, 2016 10:49am
Dude, you are fucked up, sickest account in FF.
/and it was a compliment/
Please add more indicators, I still see the real price! Thanks!
  • #36
  • Dec 15, 2016 11:04am Dec 15, 2016 11:04am
Quoting Crackpot
Dude, you are fucked up, sickest account in FF. /and it was a compliment/
Thanks Crackpot.
  • #37
  • Dec 15, 2016 3:48pm Dec 15, 2016 3:48pm
Quoting dax30
{quote} Hi, The entire logic is much too complex to share in forum, sorry. It contains many hundreds of lines of codes with many intricate rules and conditions. In its raw form, it contains multiple components to take advantage of ranging and fast moving markets, so always partially diversified. If I try to explain in oversimplified state, then would only cause confusion and people trying to use it half heartedly.
Don't be afraid, great minds could easily untangle complexity. Hundreds of lines of code are a piece of cake.

If you don't mind , outline the logic. Otherwise this is just a pointless thread.

No offence.
  • #38
  • Dec 15, 2016 3:59pm Dec 15, 2016 3:59pm
Quoting dax30
I have been trading for a number of years. I see so many systems on FF it becomes mind boggling for new traders. The purpose of this journal to keep track of my accounts and hoping to demonstrate that its possible to take home a monthly income from forex over a certain period.
To be fair its not completely pointless. Cettainly for me it helps in the respect initiallly outlined. There is so much BS in FF of late that its quite nice to see someone making what seems like consistent money. I would also love to have a little more discussion on the methodolgy but i dont think we're going to see much, it is a journal after all. Im curious about how it seems to take trades in both directions and how criteria can be met for this. I guess from the stops etc they are from different TF maybe. Would be nice to discuss around the subject a little for some of us to read between the lines a bit. Either way its good stuff and helps keep my dream alive i hope he continues and wish him all the best.
  • #39
  • Dec 15, 2016 5:17pm Dec 15, 2016 5:17pm
wish you the best
atheer1
  • #40
  • Dec 15, 2016 10:45pm Dec 15, 2016 10:45pm
Legit brokers, legit trade explorers, excellent results.

Will definitely be following. Yes it helps our dreams lol.
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