Hi , all
Sorry for the delay , and sorry for my so-so english
first here the report of one of the accounts im managing
=> attached below
(as i said the results are not identique ,cause got some trouble with cms-forex server , but its +532 pips )
sorry i can not post repports of my personal account
(i hope you understand !
)
now , about my way of trading
The signals are generated form my personaly developed system
its a predicatif expert system : it use AI (artificial intelligence)
to predicate the market movings .
to get such signals and good trades decisions the system need to be prepared with various key parametars ,
i pass all the weekends studying the market and compiling reports , then i put all the data nedded into the system to let it produce the trades/signals
this is for the production part
now for the execution part:
lets take this signal :
--------------------------------------------------
EUR/USD
entry buy : ~1.1930 limit ~{1.1960 - 1.1200 - 1.2080} stop ~1.1850
entry sell : ~1.2050 limit ~{1.2020 - 1.1970 - 1.1900} stop ~1.2120
--------------------------------------------------
+/- 20 pips
what im doing is this
i place entry orders for both calls
entry buy order at 1.1930
entry sell order at 1.2050
i adjust the take profit limit to the 3th level limit
=> 1.2080 for the buy trade and 1.1900 for the sell trade
i adjust the stop as it
=>1.1850 and 1.2120 respectivly
now lets assume that the buy trade is executed
if i have strong indications that the price will rebound and go
over +100 pips i leave the limit unchanged
if indications are less good i change the limit to second level
if not i change the limit to the first level
anyway , im confident that you will get at least +20 ~ 30 pips for every trade unless stop loss exit
you can adjust the take profit limit to the first level : ~+30pips
now concerning the +/-20 pips
if the price is arround ~1.1960 witch is ~(1.1930 + 20) pips
i change the rate of the trades to enter at 1.1950 or 1.1940
and i adjust the limit and stop with the same delta
80% of the trading matter is psychologie
even if you have super signals you will never do
good trades if you are not well disciplined and panic when losses occure
if you do panic close all your positions , then study and learn
some more about
FX trading
I hope i was clear
Regards
Stormy
