Slow and sure (By TheForexFox)
The user has deleted this system.
Slow and sure Discussion
Nov 13, 2011 at 23:19
755 Views
3 Replies
Member Since Nov 02, 2011
57 posts
Nov 14, 2011 at 14:42
Thank you Tylerbose
As you can see, I am using proper money mangement, hold my stops etc etc.
That last account I was just trying to see what would happen trading .50 on a $500 account,
It was cool hitting 1,000% in a week but you just can't keep that up, too risky.
if your account is still in 'the green' in 3 weeks that would mean that your system really work
it will be, I'm not busting this account, I'm treating it like it was real $$$.
so I can see before I go live. Besides I have to prove to 'the dogs' that I really do know what I'm doing.
Ken-TheForexFox
Slow and Sure
https://www.myfxbook.com/members/TheForexFox/slow-sure/191096
As you can see, I am using proper money mangement, hold my stops etc etc.
That last account I was just trying to see what would happen trading .50 on a $500 account,
It was cool hitting 1,000% in a week but you just can't keep that up, too risky.
if your account is still in 'the green' in 3 weeks that would mean that your system really work
it will be, I'm not busting this account, I'm treating it like it was real $$$.
so I can see before I go live. Besides I have to prove to 'the dogs' that I really do know what I'm doing.
Ken-TheForexFox
Slow and Sure
https://www.myfxbook.com/members/TheForexFox/slow-sure/191096
Trade the plan that works for you!!
Member Since Nov 02, 2011
57 posts
Nov 14, 2011 at 16:54
Tyler- I was asked almost the same question, So I copied the question and answer for you.
Damien (damienwah)1 Hour ago
Hey Ken, realized that you entered 2 or 3 similar trades at a go .. any reasons for that? also how did you set your TP and SL as they vary on different trades with the exection of the first SL which is 12 pips.
Best Regards,
Damien
Ken (TheForexFox)29 Minutes ago
2 to 3 trades allow me to close out each one at different profit/loss level (I don't always pick the exact entry so this gives me a chance to lose on 1 and win on another, also I can keep 1 trade with a tight stop and let the others run for more profit.
TP & SL I still try to lock in any profit I can asap. If I see the trade is going my way, I will follow 1 open trade with a tight stop while letting the others follow a little further behind giving me more op to catch a big run.
Hope this helps-
P.S enter only on 1min chart-but watch 5 closely, Also if your in a short/long trade and both the 1min & 5min are at bottom (for short) or top (for long) check out the 15min chart if it is still going in the same direction as the 1 & 5min than there is a good chance the trend will continue even tho your in over sold/bought on the 1 & 5min charts (you will learn this with practice)
Good luck
Ken-TheForexFox
Damien (damienwah)1 Hour ago
Hey Ken, realized that you entered 2 or 3 similar trades at a go .. any reasons for that? also how did you set your TP and SL as they vary on different trades with the exection of the first SL which is 12 pips.
Best Regards,
Damien
Ken (TheForexFox)29 Minutes ago
2 to 3 trades allow me to close out each one at different profit/loss level (I don't always pick the exact entry so this gives me a chance to lose on 1 and win on another, also I can keep 1 trade with a tight stop and let the others run for more profit.
TP & SL I still try to lock in any profit I can asap. If I see the trade is going my way, I will follow 1 open trade with a tight stop while letting the others follow a little further behind giving me more op to catch a big run.
Hope this helps-
P.S enter only on 1min chart-but watch 5 closely, Also if your in a short/long trade and both the 1min & 5min are at bottom (for short) or top (for long) check out the 15min chart if it is still going in the same direction as the 1 & 5min than there is a good chance the trend will continue even tho your in over sold/bought on the 1 & 5min charts (you will learn this with practice)
Good luck
Ken-TheForexFox
Trade the plan that works for you!!
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