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FX777

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Posts posted by FX777

  1. I started with $10,000 and blew my account, and my total investment was $15,000.

     

    Do I make money? Technically no, because I still have a deficit of $11,000. However, I invested $3000 in the beginning of May, and so far I have gain about $4000. So if I look just at my $3000, then I make money, but overall I am still in deficit. I am not a full time trader yet, I am still working 12 hours a day for 3 days a week.

     

    I am beginning to believe that it is possible to make money in Forex. I have been trading since 2007 and this year is the only year that I have been making money consistently. Not very much, but still better than the bank, provided I don't give back this money to the broker. Am I a good trader? Not really, because I don't use stop loss, and so far I have been very lucky. My drawdown can sometimes be 20%, but eventually it turns around to hit my TP, which is about 20 to 40 pips.

     

    Good luck to everyone here.

  2. Look at the Forex Illuminati verified statement of Ronald Sawyer. Starting capital is $1000, EA setting is conservative, but it uses a lot size 1, with 10 pips stop loss and 10 pips take profit. That means the risk is 10%. Look at the EA when EA lost a trade, it executes the next trade with the same Lot size which is 1.61, in order to break even. That means the EA is risking 11% now. Isn't it funny that whenever it lost a trade, it will always make it back to break even on the next trade.

     

    Maybe I am mistaken, but I don't think the statement is real. It looks like it is just a mock up statement, every time there is a lost, the next trade is always positive, resulting in a break even. There has never been any two consecutive losses. According to the website Risk factor is 1%, and according to Ronald his EA is using a conservative setting for trading.

     

    If I have this kind of EA, I would never sell it, unless I can get a million dollar or more for it, so I don't have to worry about Forex.

  3. Look at the Forex Illuminati verified statement of Ronald Sawyer. Starting capital is $1000, EA setting is conservative, but it uses a lot size 1, with 10 pips stop loss and 10 pips take profit. That means the risk is 10%. When EA lost a trade, it executes the next trade with the same Lot size which is 1.61, in order to break even. That means the EA is risking 11% now.

     

    Maybe I am mistaken, but I don't think the statement is real. It looks like it is just a mock up statement, every time there is a lost, the next trade is always positive, resulting in a break even. There has never been any two consecutive losses. According to the website Risk factor is 1%, and according to Ronald his EA is using a conservative trading. So 10% vs 1% is a huge difference in claims.

     

    If I have this kind of EA, I would never sell it, unless I can get a million dollar or more for it, so I don't have to worry about Forex.

  4. Oracle Trader, is a special software to trade the news. You can get it for free from oracletrader.net. Just go to oracletrader.net and close your browser. After that it will pop up a window and offers you the software for free. The difference between the free version and the paid version, the free version does not have the auto trade feature. You need to get the software from the site, because the software need to connect to their server in order to function, so you need a user name and password.

     

    Good Luck

  5. Triad formula, is not new. I downloaded this system from here before. I am not using Triad, because it takes a lot of resources of my computer. MT4 takes forever to load up, if you have an open chart loaded with Triad template. My system has a Quad Core and 4GB of RAM, but it still takes more than half an hour to open up MT4, because of Tr1@d. If you are still interested in the system here is the complete system, with the manual. hxxp://[email protected]/file/jJAxfVVR/Tr14d.html
  6. Hi musketeer search this forum for stealth forex, this is where I got the indi. I am on the road now, and using iphone, so can't really upload anything. This is the stealth link in the forum http://indo-investasi.com/showthread.php/1872-Stealth-Forex-Trading-System?highlight=stealth.

     

    You don't have to use the Stealth to filter out the signal. Using CCI and MACD works very well too. Just make sure when Phoenix says sell both CCI and MACD signal line is angled downwards and the opposite when for the buy signal. Usually one of the signal is good enough for the Phoenix signal confirmation, either MACD signal or CCI signal can confirmed the Phoenix.

  7. Hi John

     

    This is how I use the Red Phoenix. I use Red Phoenix on EUR/USD using 1 Hour time frame, but I also use the Stealth Forex indicator, Bollinger Band, as well MACD to further filter the signal. I also checked the 4 Hour time frame to see the overall trend. Usually my TP is 20 pips per day, unless I get another signal from Red Phoenix, which I filter out further using Stealth, BB and MACD. I use all these indicators, and my TP= 20 pips. So far this has been the perfect system for me, but then again there is no such thing as the Holy Grail, crossing my fingers. I am still learning, so I don't use stop loss and if I do, I use SL= 100 Pips, but then my lot size is only 0.01. The problem with this system, I miss out all the big moves. I can't afford to stay in front of the computer too long, due to other commitment, but if you have the time, follow the MACD or Red Phoenix, even the Stealth you can get a lot more pips. Try to find out what works for you by combining two or more system. So far this one is working well for me.

  8. I just got the system for 2 days, so I have not really have the chance to see if it works or not. Right now, I am trading EUR/JPY, it is still trending down, so I do not want to enter the trade based on the indicator provided by RedPhoenix. Why don't you try the software yourself? I am only playing with EUR/JPY and I am only going to test it, once the trend starts reversing.
  9. This pack is "Sublime Forex Champion" or "Redphoenix"?? Wrong submitted package?

     

    Hi Chichicha,

     

    This is the right system for Red Phoneix. Sublime Forex Champion is the company that created Red Phoenix. They have several systems such as the Green Dragon, White Tiger, Red Phoenix etc. Once someone buys the Red Phoenix, they have another upsell page offering to buy all their system, about 5 other system, if I am not mistaken and it cost almost $500. I just obtained the Red Phoenix.

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