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prax
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Everything posted by prax
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5th week of trade, as account Growth: 40.63% with Maximum drawdown: 7.33% Monthly Recap : June : 33.70 % July : 5.18 %
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new active trade executed after another cycle end during FOMC meeting, have no issues using stop order during FOMC minute. Overal gain profit : 133%, with detailed statement : as active order :
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it's really did happen luke , last EU bullish formed as the EA grap several order executed. account age 5 weeks, with total gain profit 36%, at 7% drawdown.
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current active cycle, after 5 weeks profit gain 130%. here's the EA file GT_Tickmill_set.zip, current setting compatible with Tickmill ECN price feeds (GMT +3).
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latest performance update : account age : 4 weeks, profit gained total : 120%. new order cycle begin, new active order await for another profitable result
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order summary after 4 week : and it's seem the market giving another volatile attempt which cause positive result, trading performance result at 27% by now.
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thank's for your input Luke, EU pair movement are less volatile for past weeks, still wandering around with slight pips range. and makes my order are got SL hitted, the EA result now down to 23% profit gain.
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last active order all clear, waiting london market session to start new cycle. with total profit result 115%, account age 4 weeks.
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Initial balance : 1000 USD, Account age : 4 weeks Trading type : Grid method (high risk one) Pair : EURUSD only for a moment Profit : 110%. EA are running on VPS server so there's no manual intervention, fully automatic trading system. these are free to use EA, for a moment my setting are compatible with Tickmill ECN price feed. will keep update the daily performance report.
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thank;s for your valuable advice jpennybags. it's no doubt scalp trading system are not the best thing to turn into automatic system. therefore I still in research for a better peformance result. these current system are another 'version' of several trading method I used. I also put another trading journal simply works as scalp with more 'soft' approach to the market volatility. as I never planned to had programing stuff who learn how to sense and 'thought'. once again an EA are simply an automatic version of any possible manual method, which in my opinion when the manual resulted at 50%, means the EA version should giving less than 10-20% result since the effort are less of thought and sense. with only a few resource and knowledge since we all retail traders, I intend to put another effort of developing fully automatic trading system. never planned to show no loss trading record, or aim for 100% daily result. will keep anything based on best can get MM ratio, and simply act as traders not as commercial EA vendors seem you have a good experience with "knife fighting" with the market, can you elaborate a bit . as you already stated sometimes it's a difficult days, need to keep u the game face on, but how long are you gonna do this. based on similar situation, I start to thinking to turn everything into logic, with less target profit, but in return I'll surely had an extra time to do something else.
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all order are executed as planned, but the market are less volatile today, as result several order got hit while there's no further pace upon the market price.
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latest update trading performance, drawdown still at 7%, with 30% profit gain. now using better VPS server to match tickmill server location (london). I believe a reduce at latency would give better result while entry executed.
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I saw there's many traders attract with scalping method, but rarely found works in the long run. here's my personal research by compiling, optimizing several methods I've found. the strategy are much simple trade only with EURUSD only at rush hour market session (EU, US market) use 30 M TF start entry when the candle shown at least 30 pips range. use stop loss for each trailing step (5 pips ) for profitable exit. Overal performance : use lowest stop order level platform (currently using Tickmill platform, with 0 pips stop order level). latest active trade : will keep update at daily basis, any suggestion/critics are welcome.
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latest performance update, have hardtime moving into new VPS server. well, overall trading result still at positive result, total gain till today 25% quite good result after 2 weeks, with 7% Drawdown.
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could these related to their sudden policy during Greek Saga (temporary shrink the leverage 1:50 ), I don't have an account with them yet just saw their representative post at FF. and that's makes me bit worry and right away ask Tickmill support where my account with, did they applied same rule upon Greek referendum vote, and luckily they doesn't change any trading rule related to Greek event. how is it going with your withdrawal process, I hope it wont take to much time to process :missy:
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Expert Advisor trading performance, using simple method : Stradle Entry orders. Forward tested with low spread pairs EURUSD, USDJPY. order summary since June 26th latest performance stat : Gain: +25.5% Daily: 2.30% Monthly: 25.50% Drawdown: 7.10% EA run through VPS server 24/5, no time filter, no news filter, which means it keep running all the time at any market session. even got better result as today's uncertain movement (gap) due greek referendum event. will keep update, in order to track daily EA performance.
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no worries I;m with you bro. the main reason should be there's only a few traders who bother with manual trade nowadays. eventhough you trading method are great one. bad news is, not all people would spare his time with charting activity by drawing the elliot wave manually ( the paint activity it harsh :missy: ) I had similar works with EURUSD price, by counting any possiblity related to daily high low price. it;s not a commercial EA, and I dont intend to sell anything too. here's current result from 2 weeks forward test trading. the idea is to set stop order based on daily hi-lo calculation, aim for probabilty market would breach these level. and for a moment it only works with low spread brokers since I use 30 pips stop loss at 5 digit EURUSD price. just my opinion share, hope it would ring the bell and give a some nerd inspiration, my guess :crap:
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there's lot of good broker outthere, you can simply visit any brokers page comparison website like myfxbook. but make sure the trading condition are match your trading method. most used are brokers with scalping capability, and for these method I suggest to narrow your search among ecn broker type. I've been spread out my account as investment diversity, depend on current trading system used ( mostly EA). as for scalping upon ECN account I use Tickmill brokerage service, and I also registed my account under some rebate service and use it for coverage my vps expense .
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now it's been year using armada market ECN account, but now they have been changing name to Tickmill ever since january. have no complaint with their trading condition, just getting better with their 15% deposit bonuses. got my account another 5% commision cut from having registered under some IB. overall they've turn into my primary brokerage companies, among any account I had.
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there's lot of brokers offer such spread, try with listed ECN brokers at myfxbook brokers page and listed any potential brokers you may found. another test are to experience brokers spread by your own, on their trading platform. I've been doing these before decide to use Tickmill ECN account. and here's spread listed at their mt4 platform (using scalping dashboard got from ff)
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still with my ECN Tickmill account. because they had best trading condition for my scalping method. no issue with payment, and added 15% deposit bonus (withdrawable) upon my deposit .
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time management would be tricky question. what would be good between full time trader or part time one ?? I think both can be a good one, it's not the quantity time we spend would be a crucial point for successful trade, but more into quality time we spend. have a look with most rookie traders, they force doing scalping at first attempt, while in fact scalping require a deep understanding of market price behavior, every pair's aspect such : daily range, best time to trade, swing hi-lo, major SR level, etc. as only a few trader sees online trading as investment program, these when they lack thought about diversity and put all his money with spot trading at single brokers company. simple method with gold trading had diversity with gold bar,gold coin, gold stock and at spot gold trading. as for Spot gold trading with brokers better go with low cost broker company, I've done with several company since the spread are at average 100 pips!, nowadays many brokers offer lower spread which means lower cost pertransaction, at ECN account are got more cheap one, got 10 pips gold spread with my Tickmill ECN account. with these low spread rate, intraday gold trading are more easier to be done, since gold swap are cost more than currency pair.
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brokers trust are not simple thing gained from just trading condition, or any promotional offers. it;s a thing need to built regularly, once it's broke it's hard to start over people's trust. I use many brokerage service for years, and there's only a few account who I held for long time. my ECN account with Tickmill (use to Armada markets) are among those long period account. after the CHF event, my trust are getting more stronger as they fully protect their clients for negative balance. and for start over trader, they now offer 15% deposit bonus, wish I could another detail for registration because it;s only limited for new clients.
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I'll wait little longer until it's clear breaks around 1.54390. considering as major trend, it's could be simply a correction movement, based on their weekly wave.