wilfredoaa's Posts - Page 4

TP = SL in Trading Systems Nov 20, 2010 at 05:15

Hey Franz,I forward my buddy your info so he can invest with the minimum you told me. I told him if he can do one for me too. I am doubting he will put up the money for me. But I think he he is very interested in you managing his money. So he is doing it for him for sure.Keep up the good work... love your EA.

TP = SL in Trading Systems Nov 20, 2010 at 05:08

I like this idea for the t/p and s/l.. process.The other thing that would help determining which direction the EA goes would be some kind of grid system. That would be super cool even if it doesn't match Franz System. This can open one trade only in a grid range, when the trade reaches a s/l or take profit another trade is open if trade was positiive than EA keeps opening postiion that way.

The Simplest Forex Strategy in New Traders Nov 18, 2010 at 06:57

Thanks guys for your input. I added more stuff to my site and added the advance version. I am trying to make videos. But in the meantime if you guys want skpe me and we can do live trades together. Falk.. check out the advance version... if you can make an EA. The would be awesome even if you just added an alert sound would be very nice. My skype ID is wilfredoaa.

The Simplest Forex Strategy in New Traders Nov 15, 2010 at 09:54

Does anybody know how to do mt4 coding? I would like to make this indicator an EA.

What is your Forex Broker Experience Like? in New Traders Nov 11, 2010 at 07:38

FXCM has this new free service that I totally love. Get free forex news and prices alerts sent to your mobile phone via text message (email to SMS).http://www.dailyfx.com/charts/mobile_price_alerts/

The Simplest Forex Strategy in New Traders Nov 11, 2010 at 07:36

Since my Zig Zag strategy in forex is manual... sometimes I have to sit in front of the computer and watch price. Not anymore... I found out that FXCM has free alerts txt to my phone and also news alerts of the currencies I select. I think this is an awesome free service. Check it out!http://www.dailyfx.com/charts/mobile_price_alerts/

The Simplest Forex Strategy in New Traders Nov 11, 2010 at 00:12

I updated the strategy. I added a zig zag of lenght 20 to know what is the current trend.

The Simplest Forex Strategy in New Traders Nov 10, 2010 at 03:49

K is official. The strategy will remain simple... just follow the rulesThe more things I can add to it will just make it complicated and a looser strategy.I will be creating videos based on the link above and remember just stay on the H4 EUR/USD if price move to much after the line has been drawn then stay away. Always trade close to the price action.

The Simplest Forex Strategy in New Traders Nov 10, 2010 at 01:51

The Fibo Expansion doesn't work for the same time frame. It has better results if you use it on Day charts. One thing that can help you signal the end of one line or the beginning of another one is cruising to smaller time frames. So lets say 15m is forming a down line and you are trading an up line on h4.. this could give you a warning that price action is changing. The other thing is when you see small lines form on smaller times frames real quick that usually confirms longer movements down.I will make videos but I am still testing some stuff. They should be available soon.

What is your Forex Broker Experience Like? in New Traders Nov 05, 2010 at 18:39

One of the thing I love about Interbank Fx is their ability to receive and withdraw small funds. I mean if you are trading over 1,000 and withdraw profits above that you probably won't mind paying wire fees of $35 and above. So if you are in the states is easy to withdraw $100 or even $5. This is good stuff if you like to withdraw small amounts of money.They are based on Utah and they are connected through Zions Bank which does online banking well. They might even have an affiliate bank giving you the ability to withdraw from their ATM with a Zions Bank card they give you. Bottom line grea...

What is your Forex Broker Experience Like? in New Traders Nov 05, 2010 at 17:46

I have some experience using Oanda, FXCM and Interbank FX.This thread will be nice for us traders to learn things about what works and doesn't work with our current Forex brokers or Forex brokers we are considering trading with.One of the things to be aware with Oanda is that Stop Loss and Take profits don't work during News. Because Oanda likes to increase their spreads during these times. For example Aud/Usd is normally about 4 pip spread but during news they can be 50 pip spread. They also like to increase spreads during slow trading time like early Sundays. So be aware of it, very ...

The Simplest Forex Strategy in New Traders Nov 05, 2010 at 17:18

Thx for the input guys. We are making history on this system because this system is being made as we go. I think you have a point Rolf and Actually... I am going to production of video using cam studio to go more in depth about it over the weekend.I made a discovery on how this strategy will work amazing with a Fibonacci projection allowing you to trade either Daily charts or H4 time frame. So this way mmccor05 you won't missed the lines and know exactly how far you are in price and have profit targets and have more ideas on where the price is going. Giving you a foresight of the market.No...

Why not trade your own money? in New Traders Nov 04, 2010 at 17:28

If you really have a profitable system that you tested and are totally satisfy with the returns and losses. You can always get a small capital and start trading your own money. Maybe your family, friends or others can give you a small loan or some kind of seed money to get you started. You won't have to respond to anybody but yourself and the market. Is almost as you if you were running your own business. Trading other peoples money could more stressful and is almost like working for somebody else.I was trading an account one time and the owner of the account never paid me any fees for pro...

Need Trade Strategy in New Traders Nov 04, 2010 at 17:17

I created a simple strategy.. my thread is here http://www.myfxbook.com/community/new-traders/simplest-forex-strategy/63720,1

The Simplest Forex Strategy in New Traders Nov 04, 2010 at 17:06

In a sense those lines indicate support and resistance for the short swings. The other thing is if you leave the indicator on and then switch to daily charts. Draw a Fibonacci Retracement using the last line. You can go back to the 4 Hour chart where you are trading and get a nice idea of where price could bounce up next or potential targets.I created a web page to explain this. Go Here http://ewilfredo.com/simplestrategy.html and click on Nov. 4 2010 live trade to review my previous trade and my current trade.Or you can go directly to the update by visiting here: http://ewilfredo.com/nov4tra...

The Simplest Forex Strategy in New Traders Nov 04, 2010 at 15:39

My skype user id is wilfredoaa if anybody has skype by any chance.

The Simplest Forex Strategy in New Traders Nov 04, 2010 at 15:37

yes Matt.

The Simplest Forex Strategy in New Traders Nov 04, 2010 at 05:54

Guys and Gals,I am testing out a simple forex strategy. I need your help testing it.I created a web page to explain it.http://ewilfredo.com/simplestrategy.html Check it out and try it and let me know how you did.Give me some feedback on weakness or strengths you see.Is a manual system based on Eur/Usd H4.Trade at least 10 trades and let me know how many pips you won and how many pips you loose.Please try it out on Demo accounts. Don't trade it with real money.

Why not trade your own money? in New Traders Oct 26, 2010 at 18:19

Is just the principal. You obviously not going to live out of it. But if you can manage to multiply that then there is a good chance you will multiply a 100k. But what is important is how you trade it. Because how you loose on small accounts will say a lot on how you will loose on big accounts. The other thing is that you can make 1 cent a pip with about 100 units and you can make .10 cents a pip with 1,000 units and about $1 a pip with 10,000 units and if you would to buy 100,000 units you make about $10 a pip and if you buy or sell 1,000,0000 units you would make a bout $100 a pip.What seems...

Need Trade Strategy in New Traders Oct 13, 2010 at 02:43

you always have a stop loss.. even if you don't put one. The stop loss that is always with you is called.. Margin Called and after October 17 for every trader that trades in USA will only trade 50:1 leverage so there is the stop loss. I think the biggest problem is not having a good strategy that enables you to profit even with out the stop loss.There are some traders out there with some good strategies but my advice is keep loosing and try some new things until you find what gives you success.

EURUSD	1.04208	GBPUSD	1.25234	AUDUSD	0.62106
USDJPY	157.749	USDCAD	1.44073	USDCHF	0.90067

Posts by wilfredoaa