MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trade Recommendations » Intraday Trade Recommendations

[Magio]

Hi all

Partner and I have been trading a forward order system that has worked for us on our live trading for about a year now. We are going to start calling the trades live over here. We are demo trading these specific calls for now as we have adapted them in such a way that we only look at the market twice per day and make the calls at the same time every day.

This is obviously so that folk are able to follow easily. There will probably be two sets of calls made that you can test - we will see which produces the best results over time. Nice thing we have found looking at two systems is that results are evened out and drawdowns are smoothed over. (results are not that spiky and this is if you take both trades.) If you are going to test this with us - please take every call regardless of initial draw downs. The calls should be quite easy to follow. This is not a magic system and does not make 1000 pips per month (maybe it will ) we have found that the system does have reasonable drawdowns so be wise with your money management. For now we hope that folk will only follow on a demo account though.

Please advise on the way we make the calls here if we can improve in any way. Guidelines on how to effectively follow the calls will be given as we go along. We imagine that 3 months will be good testing and then if all is well we can go live!

The live calls will proceed from Monday morning.

GUIDELINES

Hi and welcome and thanks to all who are taking the time to test our calls with us. Just some pointers on our calls:

1. Please remember that our systems have changed somewhat to accommodate the 'Put them in and go fishing' approach (We believe that many folk would like to trade the market but don't have the time to watch the screen all day.) For this reason we will only be trading 'DEMO' for at least 2-3 months first. We ask that no one takes these trades live before they have produced a good track record that you are happy with and untill you feel you are able to follow us accurately.

2. The trades will be posted in two seperate posts, Paul will post his (Marlin Trade) and I will post mine (Baracuda Trade). We have thought that it will be easiest for all if we take a screenshot of the ORDERS and post that. Then all you need to do is make sure your orders look the same as ours. Prices are 'as is' u don't have to work out spread. The ORDERS screenshot will show the entry price, stop price and limit price. (If this window is empty or not in a post - then there are no orders waiting.) The OPEN ORDERS table shows the trades that have been triggered and are open. The CLOSED ORDERS table shows trades for the day that have been triggered and closed. If there is no post at all then it means that there is no change to the previous one. If we take orders out or change them there will be a post.

3. The idea of two systems is to even out draw downs over the long run. Take both if you want or follow only one - it is up to u. From time to time each trade could have 10 forward orders each. Of these orders, up to 3 could be triggered at any one time. Make sure that your money management (even though you are on a demo account) is able to absorb the possible drawdowns. Taking all trades is important as it is the only way you will be able to duplicate our results.

4.Times for the trade calls are 04h45 and 19h00 GMT for the Baracuda Trade calls, 05h00 and 20h00 GMT for the Marlin Trade calls. These are the times that orders will be called, changed or removed. If there is no post then there is no change from the previous post. To get the trades on time we suggest you open this thread on the last page and keep refreshing the browser around the posting times. This could be critical with trades that are close to entry.

5. Quite an important fact to make note of is that we use FXCM. All the prices we quote and results will be based on FXCM prices. If you are planning on duplicating our results exactly you will have to keep an eye on the FXCM pricing or use FXCM as broker. If you use another broker and want to check FXCM pricing we suggest you use these charts: http://www.dailyfx.com/fxpowerchart/ChartStation.html?elq=724EE14C7FFF4EA6ABDAA129D0B3 7E54

6. Further guidelines will be added as we go along and we will try keep it all on this specific post. If you don't want to post questions here then feel free to email us.

[Paulrim]

That screen print looks great.......I spent half the night making a layout for posting the trades on the thread and you go make it EASY. If it wasnt for you earlier comments about me being "behind" I might have even said somethig NICE!!...

[Magio]

The Baracuda:

[bhupinder]

Hi
i will be following your calls but it isnot clear where you will be posting the calls, chat room, trade recommendation section or here on this thread
regards
bhupinder

[PanMarcepan]

Magio,

A while ago you’ve just posted:

Barracuda Trade:
EUR/USD

Buy: 2555
Stop:2300
Limit2900

I’m not going to comment your reco (Stop/Limit) as I’m not fundamental trader and don’t have 1 Mio capital.


… but why did you deleted it ?



Regards,

PAN

[Magio]

Baracuda Trade

[Paulrim]

Marlin Trade

[Paulrim]

[QUOTE]Originally posted by PanMarcepan
[B]Magio,


I’m not going to comment your reco (Stop/Limit) as I’m not fundamental trader and don’t have 1 Mio capital.


… but why did you deleted it ?



Hi PanMarcepan

Just answering on behalf of Margio, that post that you are talking about is still posted, if you check on page 2. There were 3 test posts in a row and that was one of them. The entry, stop and limit was not calculated and just entered to see if it would be clear. Well picked up, thanx for you question

Paul

[palanka]

Thx Magio and Paulrim. Paul, it is difficult for me to read your post. If you could increase the font size in the trading station, it would be easier to read. The white digits are ok, but the red ones are not.

I'll be following your posts too.

Gone fishing,
palanka

[Paulrim]

Hi Bhupinder


The trades will be posted here on this thread, Magio or myself will be in the chat room at times and can help with any questions related to the trades.

Cheers Paul

[Paulrim]

Thanx Palanka

Busy working on the problem at the mo. Seems ok on my PC until I post it. I am also looking into changing the colours of the text. Man.... this is digging into my fishing time....hehehe.

Cheers Paul

[Paulrim]

Grrrrrrrrrrr

Can someone pls tell me how I get my signature on the bottom of the posts.....Thanx

[Ugly_Dog]

I believe it is in the header on top, under 'control panel' -edit profile-

[mig928]

Any recommendations yet?

[Magio]

Hi Mig

This concerns me a little. The calls were made this morning at 04h45 GMT time as indicated. If you look back a few posts you will see the calls. One is by me and the other by Paul. Please let us know how you happened to mis them - thanks in advance!

[mig928]

Thanks I see it now. There's too much chatter on this thread, makes it difficult to see without going back far enough.