hejhej17 (By hejhej17)
The user has deleted this system.
hejhej17 Discussion
Aug 05, 2009 at 08:18
1,166 Views
17 Replies
Aug 05, 2009 at 09:23
Hi :)
I'm using Phillip Nels 4H MACD system, you can read about it here: https://www.forexfactory.com/t/14630/4-hour-strategy-macd-1.html
I'm though not following all the rules but I'm trying to optimize it for my trading style.. I have to work on my MM, think i'm too risky.. :P
If you read and listen too all the 'posts' Phillip has posted in the first post I'm sure you learn something from it :)
Else please ask, and I'll try to answer :)
I'm using Phillip Nels 4H MACD system, you can read about it here: https://www.forexfactory.com/t/14630/4-hour-strategy-macd-1.html
I'm though not following all the rules but I'm trying to optimize it for my trading style.. I have to work on my MM, think i'm too risky.. :P
If you read and listen too all the 'posts' Phillip has posted in the first post I'm sure you learn something from it :)
Else please ask, and I'll try to answer :)
Aug 05, 2009 at 09:28
You're welcome! :)
Else I can recommend if you watch all videos on this channel on youtube: https://www.youtube.com/user/InformedTrades :)
They really know what they are talking about :) - and they are very friendly on their forum :)
Else I can recommend if you watch all videos on this channel on youtube: https://www.youtube.com/user/InformedTrades :)
They really know what they are talking about :) - and they are very friendly on their forum :)
Aug 05, 2009 at 19:18
you can sign up for my auto trading signal service here: https://rentasignal.com/signal/view/1235 :)
forex_trader_7
Member Since Aug 01, 2009
941 posts
Aug 06, 2009 at 02:34
really good result.
well done!
well done!
forex_trader_7
Member Since Aug 01, 2009
941 posts
Aug 06, 2009 at 02:42
Not sure about this risk/reward thing, cause yours is hectic negative. Wonder how they calculate them.
Member Since Jul 31, 2009
1449 posts
Aug 06, 2009 at 07:02
Elkart posted:
Not sure about this risk/reward thing, cause yours is hectic negative. Wonder how they calculate them.
We're currently looking into this issue. From a brief look on the account, the risk ratios indeed should be positive.
We'll update you on any changes.
Member Since Jul 31, 2009
1449 posts
Aug 06, 2009 at 07:47
Ok, problem found and solved.
forex_trader_7
Member Since Aug 01, 2009
941 posts
Aug 06, 2009 at 10:16
cewl
thanks!
thanks!
Member Since Aug 03, 2009
13 posts
Aug 06, 2009 at 21:32
hejhej17:
IMO you are trading way too big! Looking at your current positions you are in a -1700 drawdown (more than profits to date). I'd recommend greatly reducing position sizes ... and use hard stops. It is highly probable that you will blow out your act trading like this. I've traded heavy like this and blown out many acts.
The 4 hr system you are using is a great system (I use it myself when I trade manually) ... but I start small and add to positions as it goes my way, and use hard stops. You can maintain a small risk, and as the trade moves your way, add to positions, put stops at b/e ... and then trail the stop. You can maintain a small risk while adding to trades that way ... when you have all stops at b/e, its a risk free trade!
EZcurrency
IMO you are trading way too big! Looking at your current positions you are in a -1700 drawdown (more than profits to date). I'd recommend greatly reducing position sizes ... and use hard stops. It is highly probable that you will blow out your act trading like this. I've traded heavy like this and blown out many acts.
The 4 hr system you are using is a great system (I use it myself when I trade manually) ... but I start small and add to positions as it goes my way, and use hard stops. You can maintain a small risk, and as the trade moves your way, add to positions, put stops at b/e ... and then trail the stop. You can maintain a small risk while adding to trades that way ... when you have all stops at b/e, its a risk free trade!
EZcurrency
"Semper Gumby" ... Always Flexible
Aug 09, 2009 at 11:20
hejhej17, I had your trading system in my watch list, and suddenly it went private - I guess you got a margin call?
That's not a good way to find clients, and it just proves you're not ready to manage OPM.
Good thing it's now recorded here in myfxbook for future reference.
Care to explain yourself?
That's not a good way to find clients, and it just proves you're not ready to manage OPM.
Good thing it's now recorded here in myfxbook for future reference.
Care to explain yourself?
Sleep is for the weak.
forex_trader_7
Member Since Aug 01, 2009
941 posts
Aug 09, 2009 at 11:53
Na man,
Happens to all of us, we think we're ready, then Wham!
But at least it was easy to identify the problem, as EZ pointed out the day before. It's not that the system failed. Just the trade sizes were to big, so it couldn't do a rough patch...
Happens to all of us, we think we're ready, then Wham!
But at least it was easy to identify the problem, as EZ pointed out the day before. It's not that the system failed. Just the trade sizes were to big, so it couldn't do a rough patch...
forex_trader_7
Member Since Aug 01, 2009
941 posts
Aug 09, 2009 at 11:53
i think hejhej be a bit wiser for it after this week-end. Lucky wasn't a lot of money.
Member Since Apr 28, 2011
47 posts
Jun 03, 2012 at 16:59
I guess that the trader stops trading!!!
Attachments:
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
