meseany did try to work as a SP - even with two accounts…i think the decision to stop was due to upcoming trip…maybe once being back will renew the efforts. :22: The truth though - selling signals was not at its best at all.
Hi MNVS,
I would love nothing more than to venture along the path you suggest - but where to start?
I’ve heard of the 3 ducks system on here? I’m getting good at managing trades its just the entry point…
Any advice?
Sean
http://forums.babypips.com/free-forex-trading-systems/38685-my-easy-trend-system-cci-asi.html
Check out This thread…
I made this system some time ago, but follow it still… Not 100% of my game, but the main thing right now, is learning patiance. I will update it, but what helps me a ton, is really, chart time. I have more then 7,000 hours invested in just watching charts… Boring as heck, but buildt up my brain with memory and taking notes on things I see.
Forex is a crazy business, there is soooo much into it, but learning how things flow, are very valuable lessons…
Learn candles, and the imnportance of wics, ( great success for reversal indication )
Now, we all know the indicators are past information, but they do show you some things, and how you use them together beats the dirt road…
Honestly, I have 15 differant things smashed into my system, where certain things can change the whole senerio in an instant. But my brain just has a fast way of processing everything at one time, so I catch things I seen happen before, and know how to react to them…
Take a look at this thread, get a feel for it… It really trains you to Learn to read the flow, well, it did for me anyways…
It basicly gives you some sort of direction, then you can take that info, and start looking for inside bars, or “mother bars”, and base them on your time desires. 1M scalps, or 15M mini trends, or even 4H, it all depends on the time you want to put in, and the money you wish to make…
5.8% today,
Not saying its the grail, left alot of pips on the screen, because I have been letting my trail stop work, and let run without my intervention, simply because I have a past of closing my trades to early. So now, I just use my trail stop, which I try to get into profit, and let it run… Never know, I have had 40 pip swings go my way, and getting all of it but 2 pips, in seconds…
But, I developed it, so I know how to read it masterfully., 
MNS,
i think you should become a SP …it seems you know your stufff… 
imho, it would be better to not use such a scalping trading strategy, it is a bit risky isnt it?
Does ZT require your MT4 to be open to catch trades?
I have no idea, i am a follower…ask the tech support with that…or your broker in terms of integration
No!
You don’t need anything open.
How important are the trade logs to ZT followers? Would you still use ZT and follow a good trader if the actual logs were not present?
You mean a trader’s Trading History?
Yup but more in the present context, while the trades are happening (give or take up to 15 minutes)
You can view full information of a trader’s open trades at any time - whether you are following them or not.
You don’t even need a ZT account to do that. Just goto the website - click on Performance and then find a trader, and you will have tabs for Trade History and Open Trades, providing they have some of course.
Try it now, find boreFXcorporation for e.g. you’ll see lots of open trades.
thanks for the insight… what I was wondering is “How important are the trade logs to ZT followers? Would you still use ZT and follow a good trader if the actual logs were not present?”
Well to me, Trade History is critical - it really lets you see how a trader handles losing trades - does he gamble and let it run to -300 pips in order to get 10 pips and his commission, or is he a real trader who cuts his losses and recovers with a couple of good trades. Conversely, how does he handle winning trades - are all his trades stopped at 10pips - a commission hunter, or again, a real trader who lets profits run.
To answer your question, no I wouldn’t use it if I couldn’t get this information, but I don’t really see the point of the question, as I can’t see a situation why there were no logs “present”. Unless they had no history, then no-one would know if they were good, bad or indifferent.
Hope that helps.
Paul
Helps plenty, thanks. Many investors in traditional funds are used to receiving account statements showing positive and negative changes in their accounts and perhaps a trading summary but not necessarily an itemised list of every single trade that occured. Traditional investors are also perhaps less interested in analysing trading strategy at the pips, SL and TP level as long as they finish the week/month up - although more industry transparency and access to information is probably changing this, as is the tendancy for would-be traders to become investors. Many investors know a fund for example routinely experiences 18% drawdown but they might not know it does this routinely to grow assets only 1 or 2%. All the back and forth within ZT tells me that followers are more involved with exactly what is going on down to analysing individual positions, willing even to comment about when these positions are taken and in what context.
The question comes up for me in the context of strategy security first in terms of preventing reverse engineering by quants building replication models and second in terms of foiling trade mirroring.
I would have to agree that trade history is critical.
What do you think?? IT like trusting someone blindly that they are supposedly good…obviously not. trading history, and trading good history is very important for us followers when trusting traders. Not present log will lead you with no followers.
try to differentiate that forex market is in general much more fast moving and actually every trade matters - each SL and TP points are of interest; each spread and slippage taken into consideration. This is missing from other financial instruments like mutial funds where your money are invested in a wel;l-known big investment fund with stable slow profit equity line.
Hi Eddy
I am away from today back on 25th - see you on my return - be successful with your trades in the mean time.
Sean