Zoki

Some banks do not approve the withdrawal, if the broker is the Offshore company (that banks are going to reject the transferred money).

That problem cause could be seen only after a week (and the answer received from the bank is not always clear => pingpong effect).

If that is the case, the different banks account could quickly solve the problem.

Forex trading could be really a career only if the trading account is sufficient (e.g. nobody could trade for a living using 2k USD account).

Also the trader must be prepared to handle some periods "under water" (no profits during that time).

Suggested book (available in the forum): Winning Algorithmic Trading Systems

When I was a beginner, the demo competitions improved a lot in my trading.

During that competitions the very simple way of trading presented a very good results, e.g. I was trading the breakouts with a high leverage, and the PT was small.

I am interested, if somebody have more complex and more efficient way (It would be interesting and useful to discuss about it).

There are many FX competitions (live and demo).

The winners could present the very good results (e.g. after some days 1.000 % profit).

If somebody have good ideas, how to reach good results in competitions, please share.

Thank you.

In the past I was very satisfied with the platform SaxoTrader (some details about the platform: hxxp://en.wikipedia.org/wiki/Saxo_Bank ).

With the TradeCommander (part of the platform) everybody was able to write/generate and test automated trading programs using a very simple block diagrams.

Also one benefit of SaxoTrader platform is: if the PC has been switched off (and the platform closed), the trailing stops of open trades will still work according the price actions.

I have just received one Marketing letter about the Pip Snager system (the system has been offered in the discount price 97 USD).

According my opinion one simple reason could be the following: too many of their customers is using MD.

If more than 1000 customers would like to trade in the same moment, that could cause the liquidity problem in Asian session.

That's why the broker recognised who is using MD.

Just to mention, that the presented informational letter is still more correct, than the data delay (see other threads about that possibility) or if the brokers will disebble to close your winning trade (even if you would like to close it handly).

Dear MRHELL,

If not a secret, please inform us, what was your lot size.

Also please inform us, do your EA's use pending or market orders?

Are the SL and PT visible (included in the orders), or not visible by the broker?

According my opinion the manual use of FMT could be more effective than the FMT EA (the manual trading was effective last months, exception is February for me).

During the manual trade FMT important point is additionally to analyse the Average Daily Range, round noumbers, resistances and support levels, possible news announcements.

One weak point of manual trading FMT is the following: many times the trade could be closed with less profit than possible.

Also the manual trading is not 100% repetable (some additional information could change the analysis result and the profit target).

According my opinion the "Sure-Fire" Hedging Strategy is excellent from the theoretical point of view, but using the system in the live account could present some surprise and damage the account (e.g. in case of losted Internet connection, or deleyed data by some reason, or not well filtered unexpected price, or because of the gap, etc.)

Also important point is the good Money Management strategy (account must be enough for more hedging order in case of worst case scenario).

The system could be improved with the good timing and some additional filters (to volatile periods should be avoided).

Hello Zoki this checkmail and would you be kind to share the previous sft systems which you think were real good in tradings.:)

 

Please find the links below:

r@[email protected]/files/443233524/0lg_.ZIP

r@[email protected]/files/443233565/m_rc0s.ZIP

 

REMARKS:

1.) Both systems was the winning systems in more competitions

2.) In connection of secound system the following book should be readed additionally (available in the forum): Beat the odds in FX trading, written by Igor Toschakov

Thank you for the suggestion, during the next days I will try to optimize the systems from April using the mentioned indicators.

I would like to mention, in the past I have downloaded and tested some STC winning systems, and my favourites are D8L2 (winner Marcos Fernandez, system was using the Average Trading Range) and F9D2 (winner Olga Astakhova, system was tradeing the reversals). That systems are still profitable in the long run and I am planning to start using that systems again.

My feeling is that the older STC winning systems are better then the latest ones. The reason is probably the following: in the past the Demo and Live trading winners was separated. According my opinion not all winners from DEMO trading could be able to win during the LIVE trading (because of some psyhological aspects), and probably not all winners from the LIVE trading could be able to win the DEMO session (because the demo traders was using the different Money Management strategy).

Actually in the SFT at first the participants must win the DEMO session, and that is the reason, why a lot of good LIVE traders with the excellent Money Management Strategy are not able to participate in the LIVE session.

Have a good trading.

Thank you for the info.

I have checked the results in the webpage, and I do not like the drawdowns of ongoing winning systems.

Gentlemen, could somebody upload the latest winning systems?

The uploaded files are from the competition in April 2010.

Probably the latest systems was released on October 2010.

Thank you.

Just the info, that the systems are supported on the website with some videos.

Using the Internet Explorer the videos was not possible to be downloaded (just to watch them online).

In the past I have tested the listed systems and my favourite was the system No. 12 (by Olga A.)

Also according my opinion the system No. 15. (by Marcos M) was very good and profitable in a long run.

According my opinion a lot of other systems was working well only in the special market conditions (not during the long run).

Which timeFrame did you use?

 

The best result was in 4H (I was not satisfied because of the little number of trades, but the winning percent was excellent).

According my opinion the basic idea is very good, and the QQE indicator is very reliable.

The profit could be increased using some variations of the system (e.g. using 1H, and additionally monitoring the pivot levels and round numbers).

I would like to share my experience with the system Rebellion.

In July I have wrote one EA to trade according the rules.

I have tested the EA on longer period, and according the test results the system could give only a little profit in a long run.

(Because of mentioned I will not use the system anymore).

Thank you for the feedbacks.

The point in connection of the time zone is good (but for me the backtest results are still acceptable for 4:30 GMT, and that time fits better to my daily time schedule).

Anyway I have realized that because of discussed slight difference in prices the backtest results are also not the same in the different MT4 platforms (using the same mq4 indicator and adjusting the same time zone). Pobably the momentum indicator is very sensitive to the slight price differences.

E.g. at FX Pro triggered, at MIG Bank not triggered.

In case of manual trade yesterday at GMT 4:30 on some brokers platform the trade has been triggered (momentum clearly above 100), but on some other brokers platform not triggered (momentum clearly below 100). What could be the reason for the mentioned difference in momentum value in different MT4 platforms?

Today LONG SIGNAL => 40 pip loss ......

Today LONG trade .....

Re: REQ-forex pip snager

 

Pip snager system use the EMA10-EMA21 crossovers as a buy and sell signals (many times the setup signals are too late )

If somebody is interested to trade M1or M5, according my opinion some other systems could be more effective, e.g. use of pin bars or fibo levels as a setup.

Re: I have a dilemma :)

 

Trade relaying only on Technical Analyses is more effective, because the different traders interprets the fundamentals differently.

Re: Index of Forex Ebooks for starter

 

I suggest the following book:

Abe Cofnas - The Forex Trading Course (A Self-Study Guide to Becoming A Successful Currency Trader)