|
|||||||
| Show me the money! [Swing Trading] Need some swing trading ideas? Want to share your own swing trade ideas? If you're the next Jerry Maguire and think you can show us the money, then this thread is for you. Also, discover your Forex trading personality in the School of Pipsology. |
 |
|
|
LinkBack | Thread Tools | Display Modes |
10-01-2009, 05:14 PM
|
||||
|
||||
Forex Assistant
Robominer is not at all what I had in mind!  This EA is deadly! It takes Long trades when the market is shorting... "certain in the knowledge that the market will reverse" Hahahahaha. It states you should have a minimum account balance of $1k preferably $5k and the max lot size should be 0.1% of your balance. Alarm bells not ringing yet!  No I was sugesting trading with the intermediate trend. 
|
|
10-01-2009, 05:38 PM
|
|||
|
|||
|
Clearification
I was referring to the fact that the RoboMiner has been working without loss for over a year and a half without loss. The subject was a no loss trading system. As to whether the system is sound is a whole nother subject, which I would be happy to debate with you but not here. I maintain however that the idea of a no loss trading system is not fantasy and should not be ridiculed just because no one has yet accomplished it with swing trading. Keep on working with it and don't let the nay-sayers stop you. You never know what can be done until you try, and try and.....
It's been done already with grid trading, why not find away to bring it to swing trading as well. I think you can do it. Do you believe in you?
|
|
10-01-2009, 06:15 PM
|
||||
|
||||
|
Forex Assistant
I think its important, nevermore so than on a site such as this that we clearly explain the pro's and con's of each trading strategy. I am sure with a large enough account and small enough lot sizes (and were talking very small lot sizes here compared to account balance) eventually you will find that PA will have retraced to your original entry point and perhaps higher? But how large a draw down and how long you will have to wait for the retrace is in the hands of the Gods. Placing trades counter to the trend is a very specialised trade best left to the pro's who know what they are doing and why they are doing it. Theres not time enough here to go over such a trade though. Its almost always better to trade the trend be that short term or long term.
|
|
10-01-2009, 07:08 PM
|
|||
|
|||
|
Ok, this is getting interesting.
"But how large a draw down and how long you will have to wait for the retrace is in the hands of the Gods."
Well, yes sort of. But God was a mathematician and the draw downs and how much you need to protect the account can and have been calculated. And I am averaging roughly 6 trades per day. But again, that is on a grid system because grids are perfect for mathematical trading. The question is, can we maybe combine some type of mathematical trading system to work within a swing trading strategy? I'll think about it.
|
|
10-01-2009, 08:16 PM
|
|||
|
|||
|
I run CoolTrade robotic traders, and have them set to take profits of anything over $50 a trade, and easily close $200 a day.
I am fairly new to Forex. I used to only trade stocks, but when CoolTrade added Forex ability to their traders, I just turned it with a very simple strategy and was waiting for $200 a trade. Then a veteran Forex trader saw my automated trader with so many positions up over $100 year and he said, "what are you doing? You've got to take smaller profits and you will turn over more in the long run." I agree. Now I take profits every chance I get. Nice thing about the CoolTrade system is that it is all point-and-click with no programming, yet I have 100% control of everything in the strategies. Keith
|
|
10-31-2009, 03:02 AM
|
|||
|
|||
|
Quote:
|
|
10-31-2009, 12:19 PM
|
|||
|
|||
|
No Loss trading system.
I checked out CoolTrade; and it is just more of the same including traders losing their accounts. The subject was the theory of no loss trading. It is too time consuming to rush out and check post that are off subject. CoolTrade definitely does not meet the requirements of a no loss trading system.
But just because someone wanted to advertise a system that does not meet the criteria, it doesn't mean that there isn't more good systems in the works. I have not been able to mesh swing trading with a no loss strategy like we did with grid trading as of yet. However, if anyone has some ideas along these lines, I would be willing to work with you to develop them. I would like other options myself. Diversify, Diversify, Diversify. Except for running a profit generator (not a no loss trading system) all of my trades are in RoboMiner. Though I feel secure with that at present, I would like to have other options. If we can't find one, then why not make one? I'm certainly will to help. Don't give up, we won't know what we can do until we try. Bob "You want to set a goal that is big enough that in the process of achieving it you become someone worth becoming." Jim Rohn
|
|
10-31-2009, 05:09 PM
|
|||
|
|||
|
[quote=I checked out CoolTrade; and it is just more of the same including traders losing their accounts.[/QUOTE]
There is no such thing as a system where you can "Never Lose A Trade". If you buy a long position there is no guarantee that the position will not go down. The best you can do is develop a system that handles losing trades and through proper money management can turn it into a winner. Regarding your comment that "traders losing their accounts", I use that system and am also a member of their community board and do not see anyone making that statement. It is beyond my comprehension how anyone could lost their account with robotic trading. So your statement is made up and false.
|
|
10-31-2009, 05:58 PM
|
||||
|
||||
|
Quote:
 EA's are for the most part a complete and utter waste of time and money. I have been trading decades and have yet to see a consistantly winning EA. Unfortunately they are peddled to the gullable and witless as 'your personal cash machine' etc, etc. Sadly this says more about the 'playstation' generation. There are no easy fix ways to be a consistant winner in FX least of all EA's... if only it were that simple.
|
|
| Thread Tools | |
| Display Modes | |
|
|
Linear Mode
