Jump to content

Billy1713006094

Members
  • Posts

    63
  • Joined

  • Last visited

Posts posted by Billy1713006094

  1. Re: An Essay on How Forex Brokers Truly Work

     

    Hi Verbtheory,

     

    Agree with your essay, especially in your conclusions, Contacted a broker awhile back wanting to know their gmt time so I could set my Ea accordingly, I mistakenly told them I have a Newstrader Ea. First thing they said was, Newstrading Ea's are FROWNED upon, because they take advantage of the market, and right away this person wanted to know the name of the Ea. and a lot of specifics which I refused to tell.Anyway long story short didn't need the GMT time, the Ea was figuring it automatically and it is doing very well on demo and if it continues will take it live, but will somehow try to make it stealthier.

  2. Re: When You First Entered The Forex World . . .

     

    Lost first account to countertrend martingale Ea that did very well in demo, but on real accouint put it on too many pairs caused excessive drawdown and heartburn. So now trying to soak up as much techinical and fundamental analysis I can and probably only manual trade next real account. One thing for sure like was said in first post and many other posts Forex is an continuous learning enviroment.

  3. Re: Help starting with Forex

     

    Would recommend learning how to manual trade first on demo find a strategy you are comfortable with, and stick with it, also realize you will lose money but use stop loss, and proper risk to reward money management you will be fine. Read somewhere if you use 2 to 1 reward to risk ratio you need just a 40% win ratio to come out ahead! :)

×
×
  • Create New...