Certicex I think its time for me to learn your system properly. I was simply following the way you changed the limits. You see I was developing a hybrid of your system and a carry trade gridding style.
And now that I am trading live with a $1000 account at Oanda I cant rely on carry trade to bail me out since the carry trade is unwinding right now. Leverage of 20:1 is boring but safe for me since I dont have much money.
After I wired the 1k I noticed that the opening balance was $980. Oanda said the $20 was probably fees charged by intermediary bank used by my banker in Jamaica.
I started trading live today. Mostly a carry trade basket. So I try to use the principle of your system in the direction of the carry trade with some primitive gridding.
I need the discipline to use your indicators and properly learn the pros and con of your system.
The simple concept of gridding the entries and limits with the price movements has some potential but I will try to take my profits and do carry trade as a separate system, or complementary.
I’m too new to be mixing about 3 systems in one. I am working with low leverage, and I cannot wait for price to reverse while my margin is held ransom. Kinda rambling but here is the gist:
well my friend just to let you know with 20:1 leverage you have no chance to success with my system and even very hard with 200:1.i hope you not gonna lose your account soon
I really appreciate the need for the technical indicators but I love the warm intuitive feel of your system. I think I combined it with the carry trade advantage early. You do know what I’m talking about when I discuss the carry trade? Right Certicex. Put simply its using the interest rate differential between currencies to your advantage. Oanda pays interest on small accounts. Some brokers dont.
But back to Certicex Way. I will use your revised indicators in a disciplined way and report here. One could almost intuitively get a grasp of the behaviour of the currency pair and put in an entry and succeed with your system. But I respect the science behind the indicators.
Probably I do not understand the math but why should a low leverage prevent the system from succeeding? I will simply make less money per lot.
I was never good at math but isn’t the low leverage there to protect the trader from huge losses. Your system is a great one because it converts losses into winnings, so in simple math tell me why small lots with small profits are impossible.
Btw i’m going to set up skype so we can communicate.
the indicators are great to watch and if you get know them then you will be able to predict the market direction but you don�t need them in my system and many people are confused how to use them so i took them of the system.most important part is the tunnel (EMA 144/169) for entry and your exit is your desire profit.
about the calculation:you don�t need to calculate anything i just calculate everything for you all to understand the system or the way i trade.
leverage is extremely important in my system.imagine that the trend goes 200 pips negative your trade and you have to open several positions and believe with 20:1 leverage it won�t be many of them and you will get probably margin call bcos you will not have enough of usable margin.so small leverage won�t protect you in my system but actually the opposite will bring you in loss.you have to use 400:1 leverage to protect yourself from loss or margin call and it let you open more positions but you can test both options and see the result.
good luck and hope we can talk soon via skype
have a good one
Dear Friend,
I was wonderin how could you set for example 4 orders which 3 of them is sell(if the price raised) and 1 buy order(take profit).I don’t know about MT4 but in my platform I can only put 1 oder which 1 cancels other.I hope you got me.in second though I think you should be on your computer because any extra order changes your target point.doesn’t it?
Thanks
Mike
i don�t know where did you get buy order bcos if you place first sell entry then you set 2 or more pending sell orders and for everyone you setup T/P limits.
what platform do you use?
well you don�t need to be on your computer at all time when you set it up but of course your target point will be changed when you have to place more positions and you can see it in this thread in my daily updates.there is one with 7 positions and i think i closed 3 in loss and took profit from 4 of them.
if you have anymore questions just ask and hope you will enjoy it.
Hi, I would like to post my test trades but I cannot upload images larger than 2.0 kB which is too small - any idea why? Weird thing is that I managed to upload image of “Manage Attachment” window which is more than 32kB. As you can see on this image all file sizes are limited to 2kB??? Am I missing something?
Thanks.
Could you please explain how you get that beautiful chart on the posting direct. I can only use “manage attachments” with zipped folders and this leaves the reader to open these attachments - a real pain.
Much nicer to load on a chart or picture direct but i do not know how to do it.
Your answer will probably help more people than just me.
Kind regards, Tymen Wortel, Perth, Western Australia.
Just did a very nice demo trade of 23 pips (AUD/JPY) using quite high leverage ie 2 standard lots. A very big profit.
I am begining to discover that Rhodytrader is probably right in saying that indicators generally do not work.
So i am looking at and experimenting with the highly reliable evening star candlestick pattern when set on the upper or lower Bolinger band. I use only the first 2 parts of this pattern.
This combination appears to give an extremely reliable reversal back into the centre of the Bolinger band and i will be happy with 10 pips.
I use a 2 stage entry trying to get the best possible price with each shot.
Thanks pigpod for the idea how to post images…
I created a new [B]demo account with $1000[/B] this week and started testing Certicex system. I will try to post images to show my actions and would like to hear your opinion.
[B]On the image you can see my account status, open positions and chart with open trades as well as orders, times and dates.[/B]
Starting strategy is to set my profit limit to 40 pips and open new position if movement is 30 pips against me then move all profit limits according to certicex system.
This is first my trade:
It went right way UP so I did not use new positions and end up with profit:
Second my trade lasted 3 days. I started like this (green are pending orders):
It went down. After 30 pips I opened another position. And again down - I was scared but trusted certicex and opened 3-rd position, moved all limit orders to the same place 162.30 and created another pending Buy order in case it was going further down:
Finaly it reversed and third position started to earn some pips. With 3 open positions I still have enough usable margin thanks to using only 0.2 Lot:
[B]And this is how it ended up shortly - my balance is $1138:[/B]
Let me know what do you think and just a question: don’t you mind posting these large images?
