Those that have taken the trade will already be up about 1733+ pips 02:58am GMT I will be closing all my trades now and reopening likely in reverse when the London markets open.
If you do take up my recommendations your losses are your actions and I expect nothing in return for your gains.
03.00am I have decided to open my trades earlier than first anticipated and will keep usdcad the same.
gbpusd,eurusd,usdcad,audusd,nzdusd,usdjpy,usdchf
long,long,short,long,long,long,short
Open prices: 1.49981, 1.32535, 1.18006, 0.73443, 0.57597, 98.152, 1.13848
Learn: I have reduced each lot size by 50%
Those that have taken the reverse trade will already be up about 1100+ pips 03.34am GMT
Is that 2833 pips altogether in just one day ??
Wow…how do you do it ?
EXPERT
No. He was adding up pips as they increased along the way I believe. And it’s not likely he’s going to unveil his system. He’d by more than willing to sell you his signals I’m sure.
Keep in mind. Overtrading can result in high swings. While he gained today, it doesn’t imply that all is well. It was only a couple weeks ago where he had lost a significant amount as well.
That is what surprised me.
There was not a move that would have gotten that kind of a profit so I was just wondering how he did it??..Magic ?
EXPERT
Those that have taken the reverse trade will already be up about 2575+ pips 08.35am GMT on the retrace and closed all positions for the second time.
4308+ pips in total
Ok…without doubt you are the best trader ever and your system is amazingly awesome…can you verify all these pips you made in just a day ??
EXPERT
As I target my trades based on returns as oppose to pips can you confirm I am looking at the right totals. I am using MT4 and changed the profit column to show p/l ‘as points’ is that the same thing as pips ? If not someone gives me the correct calculation. !
4308 pips totals to $43,080.00 in profits.
You get your 100% in two days and not one month. That is amazing performance by any measure.
EXPERT
I have a feeling my pip calculation is not correct, are you familiar with MT4 is the ‘as point’ p/l calculation showing pips or is it something else.
Are you saying you are using a system which you have no basic knowledge about ?
That would seem rather strange that you are making this massive amount of profits and not know if you are making it ??
I do not have any idea about how MT4 works but surely if you post a screenshot, there will be many that can tell you exactly how much you are making or not making !!
EXPERT
[B]NOTE:[/B] I think a mistake has been made MT4 ‘as points’ p/l calculation value is 1/10th a pip on fractional servers from what I have been told so the total pips within 8 hours is 430+. My apologies. I don’t normally do pips and for those who create EA’s beware of this calculation its will differ from server to server.
So what you are saying is that you have made 4308 pips but a mistake with MT4 reduced it to 430 ??
You are also saying that a pip differs from server to server ?
I think we would all have to learn a lot from you…I for one at least…I have always been under the impression that a pip is a pip and a pip remains a pip no matter what and that all pips are the same in the whole forex world.
Please continue to educate us on this amazing discovery.
EXPERT
I think the best thing is to look at the transaction image and calculate the pips see what you come up with !
What he’s saying is likely that the MT4 broker uses fractional pips, ie an extra decimal point which means that 1 normal pip equals 10 pips with this broker.
The correct figure would therefore be a gain of 430 pips divided on several pairs.
I wonder what risk:reward ratio the trades have given?
Depends on the leverage I could of equally lost 430 pips but I guess that’s the whole point of the model to mitigate (hedge) such risk.
Have you taken a look at the attachment below ? Anyway the most important think is that those that took up the trades would have made money. happy days.
No stop loss, I noticed.
So what is your risk control policy ?
How do you manage it if the market is against you ?..Do you do a hedge with an opposing position ?
If you do, what is your contingency after May 15th ??
EXPERT
No. I think the most important thing is how much money you stand to lose in order to win 430 pips.
So the question is how much did you end up making and how much could you have lost ?
EXPERT
