On demo for the time being.untill i managed my account setting - you know followers settings - trades and lots, stufff like that.
what about you? are you following some traders?
Thanks for following. I will do weekly updates instead of daily. Hope all is well
Not following anyone at the moment. Just concentrating on trading for now. If i did i believe kevin financial seems like one i would follow. Am still a little worried and when it comes to providers. Some are ticking time bombs waiting to happen.
thats true! you have a really good point. Though, you can always zulu-guard and protect your equity. Donât forget to use all these good trading tools the platform gives us.
I am getting money out of a bunch of them - denganyouqianle, f8, duanxian(GBP\USD), Jason Alan Jankovsky, Claudia, RadugaâŚcheck them out
When you use stoploss and money management you canât crash an accountâŚ
Hi people,
I found an interesting post from nojztrade:
Everestsignal - Everestsignal.com
I have also tried Zulu without long term success.
I maybe give a try to everestsignal.com. I signed up and I am looking forward to their reply and of course 3rd party audited results
Have you ever heard about this company? What do you think about it?
indeed with zuluguard as well use and reverse trade setting as wellâŚi mean the tools are there no need to not utilize them!
Thanks for the name of providers. Hope fully one day I wil be on that list.
Zulu has competition. Double your account every month? I wonder if thats risking 2% of your money or increasing your risk at a more dangerous amount. I wish you all the success however I would definately trade demo for a few months.
Just I was going through your profile in Zulu trade with the link provided by you in the first post and found one of your open trade which inspired me to ask a doubt.
Right now You are short on EURJPY @ 123.303. Presently you are up by few pips and stop loss is moved to BE. Your Take profit is at 118.303.
Can you explain your analysis to enter this short trade @ 123.303 with a profit target of 500 pips. It will be helpful, if explained as my analysis shows long bias for the short term which is here
Which one are you talking about?? would deffinitely love to check it out. very doubtful there is ANY seriously competition out there, many are trying but with no real results.
I am a short term trader and the primary reason I was short was the very fact I was looking at the longer term charts and I was showing a short bias. I base all my trades off harmonics and I dont necessarily take every trade. All trades are based off price action and a longer term analysis. I was only to achieve 40 of the 90 pips i predicted on the eur jpy trade and the profit targets on zulu is defaulted at 500 pips although i always set a hard stop between 15 and 30 pips. I usually dont set profit targets in advance just in case theres a fast movement where i can get more out of any trade. This was probably one of my worst weeks of trading in years even at a break even point. I am disgusted at myself for taking unnecessary trades without proper confirmation knowingly I should be up a minimal of 50 pips on my live account. I am trying my best to treat this demo as my live metatrader account although its cumbsersome to place two orders. At times I am unable to get the same price as my live account because the zulu trader platform spreads are more then what my broker charges. My goals for next week will be explained.
Stop: 15-30 pips depending on the pair. Volatile pairs will have a stop between 25 and 30 pips.
Profit targets will in no way be less then 20 Pips. Volatile pairs profit targets will be increasaed to a minimum of 30 pips. At the end of the week reward must equate greater then my risk.
Moving stops to breakeven will be decided upon the current situation. This is debatable since it had saved me from losses and also been my worst enemy keeping me out of profitable trades.
Thanks for your detailed reply. This makes sense.
Looks like you are a longer term trader. Glad to see you doing well with your own trading strategies. So many ways to be successful and I wish you the best.
My trades are normally open for 3 to 5 days and prefer to take such trades with minimum RR 1:3. This month was nice for me and the trades are posted in my journal http://forums.babypips.com/trade-journals/47465-bijoys-trading-set-ups.html
Oh it was posted earlie. If i could double my account every month, I would be a billionaire and not be a signal provider for any of these ventures.
You should start a zulu account so we all can follow you. If you are that successful and achieving a 1:3 risk reward, you are far better then everyone on the top ten who obviously dont practice sound money management principles.
Still I am learner. I will start a Zulu account after once I double my account at least in 3 months with proper money management and gains average gain of pips above 50 per trade.
Sounds good to me. At a 2% risk usually takes me 4-5 months. When you are ready I will definately follow you
Let us hope for the best and continue practicing risk management.