I just started trading my live forex account this week after about 2 months of testing different methods. I am still testing methods, but I stuck with a hedging method my uncle showed me. I use multiple sets of currencies and I hedge against each other, always with a gain in interest. In two days I’ve increased my account by 13% … which I don’t always expect. My goal (a lofty one) is 10% growth a week. I realize there will be weeks which I don’t reallocate and will have 0% gain, and there will be weeks inwhich I have large gains … I am hoping they average out to 10%
stevemcg
I am still using a variety of carry trade gridding methods. I mix a little of Certicex scaling in approach with some other methods I’ve gleaned elsewhere. Right now for example I’m not just scaling in when i close a position, I am placing limit orders above and below current price. This helps if I’m at the computer. If not I suppose its better to just average in.
The danger with these methods. There are times you will have to clear out the losing positions, and watch the price movements so you dont experience huge drawdowns.
Please describe your strategy.
Right now I am trading (the percentage is how much margin):
2.5% EURUSD
2.5% GBPUSD
5% USDCHF
5% AUDUSD
5% USDJPY
I use 20% of my account, with USDCHF hedged against EURUSD and GBPUSD, and AUDUSD hedged against USDJPY. I get about 0.421% on my daily swap, whcih isn’t much yet. I will close out all my orders (including losing orders) when I see about a 10% increase in my trade balance (ie if my account is $3000, I will close everything out when I see a positive $300), then I’ll reallocate. I watch the market, and sometimes I’ll set up a demo account with the same trades and wait for my group of currencies to drop, and then reallocate. It just depends on the market at the moment.
The worse draw down I’ve seen is about 30% … but usually whatever goes down must come back up. If I was working with just one currency pair, I would disagree with my previous statement, but with correlating pairs, things will usually balance them out.
wow interesting thread…
anyone got some good news to share with us here ?
I just havent figured out an easy way to count the pips, you see I do so many small trades, so I’ll post the cash.
I now have three accounts with my broker: Primary, hedge, and Carry trade. I had opened one for the Certicex System but I have transferred that fund to the carry trade account since both systems are combined.
I started the day with total of $917.76.
The total is now $920.75.
My startup capital two weeks ago was $980 so I’m still seeking to get back up there to pump up my forex career.
I’m using 0.5% lot sizes with 50:1 leverage.
My main strategy in the primary and hedge accounts is the Daily20pip signal for GBP/USD.
And I am deep into the carry trade with the third account as I said above. the most successful strategy so far is the carry trade gridding.
Certicex I am really really sorry to sound so critical after I broke at least three of your rules. As I continue to trade I am realising my weaknesses. I just need to be less impulsive and analyse more before pulling the trigger. Like all averaginig in systems your system requires patience and a strong belief in the methodology. So I will go back to demo with it, do some tests, and perhaps return it to my trading arsenal. The key word is patience.
My question though Certicex: Are there times when the pair just doesn’t reverse enough to make profit in a series of positions?
Please be patient with me.
hi forexology everything is cool and of course every system has good and bad sides and mine is not and exception.i have no idea what gridding is and my system is not build by any other system bcos i had no idea about anything when i created my system after 1 week of demo trading in forex and since i was only improving.to be honest i�m pleased that some of you already lost your account and opened eyes that you have to be careful and very patient with my system.you have to check the pair history and see what is the highest or lowest price level above or below the tunnel and set the right adjustment.i didn�t try all pairs with the system but i�ve got a suggestion from very friend of mine to look at EUR/GBP pair and in last 4 years it is moving very close around the tunnel and doesn�t trend much either so have a look.in last 4 months i was testing my system and the pair always reversed enough to get good profit(so far).just one think that i want to say my system is not the best one and it is dangerous too but if you learn or find the right adjustment and have enough patience you can make enough profit and be successfull.i just want to show to all of you that there are other ways how to trade and everyone can create his own trading style.i�m testing offsetting trading style right now with 20, 18 and 6 pairs and this will be the trading style that i will use live later on bcos i still need to test it for awhile longer.i hope you will have a good trading this week and wish you all the best.did you set up skype already?i wish to talk to you one day
have a good one and the rest of you too guys
keep it up and testing is the way to your success
welcome jimocean whats up and how is trading going
Hi Certicex and rest of the world. I am just updating my testing trade info. I have opened 5 positions and it was going up and up. I am folowing the rules to use only 0.1 Lot and to be patient and do not close positions too soon. It works and I think I am not going to get margin call again. I will keep to inform you… Kuni Watch my state in attachment.
well done kuni
just to give you and advice if you want to start with 1000$ only you should open some mini or micro account and focus on 10%-30% profit per week with minimum risk.the point is that that you have to stay in trade for even 1000 pips negative but imagine the trend reverse after 1000 pips(if 1 pips is 1$ that would be 10.500$ loss) and you have open position every 50 pips then you need to reach only 650 pips to get 4.550$ profit to only 1.400$ loss but this is only an example.you have to enter as far from the tunnel as you can and depend on pair you use you should widen your pending orders spread to 50 or even 100 pips between them.if you don�t want to risk much then use EUR/GBP it doesn�t move very much and you may wait long for your profit but this pair is moving between 300-400 pips from low to the high price level.
keep up the good work.
Hi mates, finally after 11 days of my 4th testing certicex trade price moved down and all is getting more optimistic. Have a look at the attachment. Now I am just thinking: Should I move some limits little bit down to get more rewards for my patience or not be so greedy and just stick to limits I started with? Actually I have already moved limit of the last position to 164.00 and I will put Stop after other my pisitions get finished.
Is anyone else doing testing similar testing? Post some feedback and images too.
Have a nice day mates Kuni
I just uploaded a new picture 5 hr later - almost there
And a few hr later - trade is successfully over :D, now just waiting how much more I can get from the last position…
hi to everyone
as you can see the trend is always reversing and by now you or the one who used safe adjustment and were able to stay in the trade until now should make pretty good profits and i want to see that here in my thread please.
dont be shy
hope you got some lesson from using my system and will be lot better and smarter for the next trade.
for those who using small balance account up to 3000$ should use only mini account.just an advice for you
take it easy and have a good one
Hey everyone…
I’m new to this site but have been trying some demo trading and reading alot in the forums here to come up with a system that will work with my limited time that I’m able trade. So far Certicex System seems to fit very well and seems to bring is some nice profits as well.
Thanks for posting it so everyone can see how to bring in the pips.
Hi all piphunters, just want to sumarise my 4th test trade. It took 11 days but patience and using 0.1 Lot worked well. I was in loss more than $500 but had anotgher $500 of margin to keep going. !!! The trade before I used 0.2 Lot which would have killed me in this trade again !!! so this, I think, is the Rule No 1. Last picture shows all positions P/L and final account ballance.
I am wondering if I manage to double my account in one month, if yes I am going live soon.
hi bro and thanks
hope you will have success with my system but you have to test it long enough to find the proper adjustment.
right now i�m working on my new system or trading style and this will be much better and safer than the other system it wont be depend on anything.
enjoy the babypips and have a good one
Have had a rough time so far with the system you have now. It can be really nerve racking to watch it go against you. Of course, it always tends to come back some to make you some profits but sure tests your will power to stay in the trades.
As for the new system, I’m excited about any new system that can make me some pips with ease. Can’t wait to hear it. Thanks Certicex.
hi thanks but my new system won�t be post on any forum it is too valuable and if i decide to teach it that will be only privately but it is still in testing progress so it won�t be that soon.:eek:
have a good one
I have been demo trading certicex system for about a month now and have made alot of pips. It takes patience and nerves of steal but I stuck with it and it really works. Thanks certicex. Your system is simple and very profitable. Keep up the good work. I look forward to seeing how you improved your next version. Hope you post it.
I actually made some pips using Certicex System again.
Certicex is right, you need a high leverage to make real money with his system.
I want to try the system on a regular platform with higher leverage.
thanks and i�m very happy that you like my system and hope you will have lots of success with it in the future.my new system is lot lot better and more easier to use and i definitely wont post it on the forum but will teach it privately.
have a good one and keep in touch