They are…
yf68
yamatofx2vera
Yamato FX ver.A
xiaozha111
TradeGuru
SMV vs FOREX
denganyouqianle
A really solid team.
Sean
They are…
yf68
yamatofx2vera
Yamato FX ver.A
xiaozha111
TradeGuru
SMV vs FOREX
denganyouqianle
A really solid team.
Sean
xiaozha111 performance is interesting. May i ask you what are your settings? Max open lots / trades and all that?
Droid as well - recommended! check the history nice positions profit.
Had a SL of 150 but trade guru ran over this - so no SLs anymore, so long as they have their own SL.
Also max open lots = 2x my lot size.
Sean
What do you think about the DD of trade guru? He is going against the trend and NFP are coming, I don’t know if close the position or hedge it or doing nothing, just see what happen.
Tradeguru seems certain that euro will rise , time will tell ,i just hope he wont get into huge drawdown if the price will jump against him.
I hedged its position with one short eurusd, after less than one hour I will check NFP release and close one of the two position. I didn’t like traders who act like this, you should wait before take position, yesterday there was important news, today too. It’s too dangerous this way. Like gamblers.
Luckily I allowed only one position and my DD is only 140 pips right now.
Vision - what web site do you use for NFP news? You seem to have known that the eur would fall based upon this news - what were you looking for please?
Sean
I would avoid him. look at his trades. he’s always changing lot sizes. sign of greed.
CNN is good, they surveryed some economists and they all predicted that NFP today would be 95,000. but actual was 80,000. anyways we all had feeling it would be negative, more less than the forecast of 97k
i have been hanging around on zulu trade since sept 2011 and all i can say is NEVER be fooled by a traders ranking. There was one called forex cruise control who was number 1 for such a long time, then BAM!! margin called thousands of his followers accounts, and they cant be blamed because he always said his system will have max drawdown of -1000 pips, but he ended up with -3000!! broke his rules like a donut and became a big gambler. I have been reviewing the top 10 zulu rank and most of them are a complete joke, look at todays results, they were in complete opposite direction of NFP news lol and screwed up 3-4 trades in one go.
LOOOOOOOOOOOOOOOL did you see his results for 4-6th of july!!!
Ive found daily fx news - and if I filter based upon major events then the major currencies fall and rise in accordance with the news - Im going to look at this past months news releases and see how the currencies reacted - Ill be looking into different time frames and see if there is a correlation - Ill also be noting which news affected the currencies the most, i.e. interest rate announcements, gdp, non farm payroll etc etc - once I’ve found a correlation then I’ll look to which time frame picked up the entry point the best - I’ve got a feeling it’ll be the 15 min one… as for exit Im not too sure yet - it looks like I may let it rise no further than the lower point of the first candle… some good homework to do
As for technicals - think I’ll lay these on my chosen chart just to help me understand when to pull the plug.
Any comments on my plan - bearing in mind this is my first attempt at actually trading my self - I’ve had enough the of rolla coater ride Zulu provides.
Sean
I’m going to try and make a go of it on my own.
Sean
I’m going to be basing my trades on news (non farm, rates etc) and technicals - I’ll be trawling the past months seeing the correlation between news and price action.
As for Zulu - it’s not about how much you can win its about how much you can loose - so I’ve reduced the number of trades per SP to 1 (from 2) and doubled my lot size.
Sean
Pay attention by doubling lot size and reduce number of slot. I think this is more danger than allow two slots with half dimension. Because many times providers add to a losing position and this second trade starts from a better value.
You should check for new providers, I suggest swissRe, sex&money at the moment.
I think I maybe right - here’s why:
First fx is the opposite of most systems - usually it’s about how much you can win - fx is about how much you can loose - this basic fact catches most people out.
Also, I’m with 7 traders.
Right - so the rationale for my change is:
A trader may average with 2 or 3 trades - and if all goes well one of the trades may close in a good profit, one a small profit and one in a small loss. Now - if I’m on just one trade - ie the first one - then I’ll be on the small loss and will miss out on the 2 profits.
But - I’ve got 7 traders so they should provide enough profit without worrying about missing those 2 on the one trader.
Also - and here’s my point - if all goes bad - as we keep seeing - and those 3 trades end up -150 each then ill just be down 150 which I can pull back and not 450 which is an issue.
Again - it’s about limiting the losses whilst making steady gains.
Seam
i wouldnt sign up with the new providers, you need to give them several weeks and see how they perform. there were some new providers like chafu, goldeneyefx, which seemed very promising at first, then 3-4 months down the line, they blew up their accounts and ran away so you wont find those user names on zulu trade now lol. if the number 1 ranking guy can screw up big time, then the new providers can be just as bad. im just going to demo trade until i’m confident enough to use real money, that way I don’t have to get angry and frustrated when some moron on zulu trade blows my money lol.
PS look at SwissRE trading behaviour: 1 lot, 1 lot. 0.1 lot, 10 lots!!!
this was the result of his 10 lot trade:
-31.4 pips
-€2,551.81
LOOOOOOOL your seriously going to invest in such a person? that sex & money person is just as bad
Stevie a demo wont help - because down the line they can still blow up… so you’ll go demo all good then actual whoops a daisy.
I’ve modified my settings again - they are currently 1 trade per SP. See my comment above (8th Jul) as to why 1 trade should work out.
Sean
yes a demo will help me. because it gives me the chance to practise trading, and get better at it (hopefully) and if it does blow up, its not my own money that went down the drain. if you were brand new to trading fx, you would not throw in $10,000 and start trading yourself would you??