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Originally Posted by zynetic
TRADER ABC
I've look through your trading data and come up with some figure that I think it's quite interesting and please give your comment if I post somewrong or silly thing. I'm just only a beginner.
I think this is just the way of individual risk taking...any minute of short term trading is already risky anyway. I'm not quite sure that it's from the real account, but if you say so.I would assume that who've done it must have paid a huge fee on the record.....even more that the profit he has made...so the brokers get rich!!!.
2400 trading figure (not very exact........coz I'm posting from what I see OK?)
total trade 170 /loose 29 win 141 ..........pretty good.
Start 20.01.05 17:17
end 21.01.05 14:20 altogether 21 hrs....with a break 5 hrs....so 16 hrs in total trade of 170
That's 5.30 min per trade on average time.
(but every trade is last only 1-4 mins mostly)
trade range EURGBP (97%of the trade)around 0.6920 – 0.6965 (45 pip)
Trading result gain only 1- 3 pip but mutiply with high leveraged, the outcome was big.
the first 19 hrs the trade positions weremainly short the last 2 hrs were short/long.
I think using 1 min. chart would be enough to see the trend like this.
This could be done either on an automated trading desk or by real trader..........if you glue your mind to the screen..........every 5 min trade...is possible.
Signal generating could be either from Stochastic or other trend indicator.
The trading range of the pair was very stable..........no big movement....so picking the small range would be easier to see.
finally, I think that this trading idea can be done by anyone just like you or any board member. With carefully demo testing, more studying.......I'm sure that we'll have some more interesting method to see.
I'm running a test on DEMO from what I see soon.............. it might be interesting.
I'm sure that there are numbersof answer to make profit...............your choice...your style.
Happy trading
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Here is a pic of 5 minute for that time (is it correct?). The problem is that I do not know if that time in the file is EST, etc.