My Demo Profits From Leasurly Trading

[Forex4fun]

I think I could do better if I concentrate more.

Pic of my progress:



Around 70% profit in 6 days work... You do the math...

[pro87]

good for you but this is still demo show us this when it`s real money )) it`s different demo and real money but i wish you success with your REAL money and results like this

[tonymand]

Just as long as you dont think you will make that live every 6 days. Nevertheless an encouraging start and gives you lots to build on. You dont say how long you have been trading but I certainly wish you well

[Forex4fun]

This is nothing special. I have done better then this, I have just deleted my old pics because I have logged the progess. Truth be told, this is what I usually get. Anything under 5% ROI per day is slow. There is usually at least one day per week when I make 15%+ ROI. I have been testing my system now for about the last 4 month and its exceeding my expectations. (Been demo trading for about 7 months). I plan to go live early next year. Also thank you for the compliments.

P.S. I shell post my progess with a live accont here also. (At regular intervals)

P.P.S. I will post a copy of my transcript of my next full week of trading. (This time i'll take it more seriously)

[prague-trader]

34 trades; 4 losses - averaging $104/trade with a $5k account.

Sure it's only a demo account but what a great start for Forex4fun's system.

An interesting comparison will be to perform similar trading activity using the same system over the same time-scale with a real $5k account.

[dpaterso]

That's excellent - well done.

Now - I interested to know what your answer is going to be if someone asks you to post your 'system' here.

Regards,

Dale.

[Forex4fun]

My "system" is rather lengthy (over 4 pages of details and data) and what most people would call overly complicated. I won't be posting details but the basis for it is trading the news using technical analysis. I use multiple charts (2-3) and multiple indicators (8-11) however my system is quite fluid and has a very high sucess rate.

Here is a pic of my charts:

[dpaterso]

OK - so then I'm confused.

Do you want to sell your system? If so - for how much? How do we get a hold of you?

Dale.

[Forex4fun]

I dont care to sell my system, its not worth the trouble. I'd rather just use it for my own personal gain. If this makes me a millionaire, then ill probably share it with fellow traders as it would then have some merit behind it. Right now I'm only demo trading so the real test will be a live account, however I seriously dought there would be much difference. I'll post my progess as I go along.

However, I must say trading the news seems to be the most effective strategy that has worked for me. I know most people here are scared to do so because of the progressively larger spreads as volatility go up. This is not a problem for me as my spreads never increase, slip or get requoted. This is the backbone of my system.


P.S. - The trend is a really good friend.

[Tess]

Originally Posted by Forex4fun

However, I must say trading the news seems to be the most effective strategy that has worked for me.

I know most people here are scared to do so because of the progressively larger spreads as volatility go up.

If naked news trading is proving effective for you (in demo mode), then I wish you all the very best if & when you decide to continue into the live marketplace.

I personally know of 2 experienced professionals, & am aware of maybe a couple others, who have developed precise plays around certain data releases, & have been executing them for several years.

However, their strategies bear absolutely no resemblance whatsoever to all the wishy washy gambling throws witnessed on the various public forums out there. So I sincerely hope your set-ups are strenuously tested & as water tight as you can get them!

As you haven't yet traded your method live with decent size thru ACM, I'd tread very, very carefully if I were you.

I surely don't wish to pour cold water on your plans & ambitions, but if it was my money that I was looking to invest into this very precarious strategy, I most definitely wouldn't be preparing to execute thru anything other than a Grade A or B ECN facility.

A fixed spread deal desk operator (punting into the live market) will have a field day with this type of game plan!

The reason you put forth for avioding this type of trading exercise might well be true for the vast majority of low capped, inexperienced retail punters - but I can assure you that most professionals who choose not to execute across data releases do so because the risks & potential for positive returns over the mid to long term simply don't stack up!!

But like I say....all the very best of luck to you!