Discussão Forex Grid Trader as of 5/19/13

Was your forex hacked with Jaymans aggressive setfile?

easy to see that it's the same setting

Thanks mate, how can you tell?

This is not Jayman's settings. Actually, This is a Licensed version of FH.

Michigander posted:
This is not Jayman's settings. Actually, This is a Licensed version of FH.[/quote

they do not differ by much

Actually, they do differ, in drawdowns. I'm running multiple demo accounts with Jaymans setup with the lower and higher risk settings, and so far the licensed version of Hacked is far superior in % drawdown.

What is your setting? so you running jaymans setting on demo account and found out the default vendor setting is better?

No gobear99. I am running a fully licensed version of Forex Hacked using their default settings. I am also running two demos, one with Jaymans 'higher risk' settings, and one with Jaymans 'lower risk' settings. All three perform reasonably well. My main observation to date is that the licensed version has not had the draw downs of either of Jaymans versions.

This is definitely one of the best FH accounts I've seen. 34% DD is not bad considering the pairs you're running. Do you turn it off over holiday periods?

Steve, thanks for the kind words. I am running FH on all the default settings with no interventions. I did not turn them off over the holidays, but I will from now on. I'm seeing the turning things off from 12/15 to 1/15 is a good idea.

No one single strategy is best rather than a mix of all the strategies may be good one.

There could be as many trading systems/ strategies as there are traders in the world.
You could probably make a list of one hundred or even more methods to trade Foreign Exchange market and they would probably work. The main thing is to adapt any one of them to your individual trading style.

Here is a list of few top trading strategies:

1. Trend trading is the mother of all strategies in Forex markets
2. Forex range trading system
3. Breakout trading strategy
4. Swing trading as an alternative of trend following
5. Forex news trading system
6. Forex scalping strategy
7. Overbought and oversold levels trading strategy
8. Turtle trading strategy
9. Trading chart patterns
10. 123 Forex trading strategy
11. Regular and hidden divergence Forex trading strategies.
12. Forex trading strategies with daily RSI indicator
13. Bollinger bands trading system
14. 200 sma trading system
15. Pivot points trading strategy

Went flat today, 3/24/13. Issues in Cyprus concern me. I fear for a European bank run.

Hi, I am wondering did you change your setting, because you only have 10 position when the GBPUSD big drop this month, and they almost can withstand 3000 pip drop, and did you manually close the trade?

Stephen;

I ran Grid Trader on a different account (demo) account since Jan with no adjustments, and it did abut 125% and never blew out. In the 5 months of running it, there was only one day when the draw down became disconcerting, and then it resolved itself with a large gain. The results that you saw here were for a different system. I decided to go live this weekend with Grid Trader. I had to wait one day to be able to begin the custom start date. So there's really nothing here to compare to anything...yet.

Hi,

thank you for your reply, because I got a 60% loss with forex grid early this month, and there is another 60% loss on that system if you check forex grid system in my fx book, the one that show about 22% gain. but still impress with your demo account, cause its GBP almost fall 4000 pip, my forex gird just can't handle it. So may I ask what system you are running here, it will be greatly appreciate if you a share a word or two, just try to recover my loss all these years.......

Stephen;

I searched for you and am not seeing any systems that you're sharing so I cannot comment on what you're doing. I can tell you that insufficient capital is as often the problem with these systems as not. If you look at my https://www.myfxbook.com/members/Michigander/forex-steam-master-51913/575426 from 1/1/13 through 5/18/13

This was my FGT demo account. I traded it with 10,000 dollars and hit a 50% draw down for one day in April. My base lot size, even on 10 grand is .01. I need the capital to let the full basket develop and some. Others may start at .01 on 3,000 dollars, and they just are not going to survive. These martingales are wildly profitable but you MUST have the capital to let them work. I continually test and run a multitude of systems and I can tell you that the best out there, hands down, is Forex Envy. My second favorite is FGT. This is after years of testing many systems in both real and funny money. Do a search for Michigander and you can see what I am currently working on. I tend to be very open about what I'm doing.

Depending on your capital, I think I can help you dig out of this hole your in with a little advice. Email me at [email protected]. We can exchange skype names and talk, if you'd like.

If not, no problem. Best of luck to you.

Stephen;

My message truncates for some reason. This is the continuation...

This was my FGT demo account. I traded it with 10,000 dollars and hit a 50% draw down for one day in April. My base lot size, even on 10 grand is .01. I need the capital to let the full basket develop and some. Others may start at .01 on 3,000 dollars, and they just are not going to survive. These martingales are wildly profitable but you MUST have the capital to let them work. I continually test and run a multitude of systems and I can tell you that the best out there, hands down, is Forex Envy. My second favorite is FGT. This is after years of testing many systems in both real and funny money. Do a search for Michigander and you can see what I am currently working on. I tend to be very open about what I'm doing.

Depending on your capital, I think I can help you dig out of this hole your in with a little advice. Email me at [email protected]. We can exchange skype names and talk, if you'd like.

If not, no problem. Best of luck to you.

ken,

Thank you for your information, but I don't have Skype, i have FB, if you like. I been test with forex envy also, its wipe my account with USDJPY, its wipe the account pretty fast. I heard only long HV and skip any thing with JPY might survive....

for FGT, please take a look at the following link, this account is similar to mine, he had I think almost 50,000 capital with 0.02 start at the peak time, had 16 positions on the 5/10 big drop, still can't survive, that is why I am impress with your chart that only open 10 position with 3000 drop and close all the trades before GBP drop lower....

https://www.myfxbook.com/members/devis83/forex-grid-trader/501588

Stephen;

I looked at the chart and the first thing I see is a balance that continually climbed until the account blew out. This tells me that no profits were ever withdrawn. If this is true, then this is foolish to the max. Every one of these martingales always blow out. The trick is to capture the profits between blowouts and learn to manage the system as best you can. If it was easy, everyone would be doing it. I transfer profits from every system out weekly.

In Envy, the Yen did damage to me as well. It is also one of the most profitable pairs. Everything in life is a double edged sword. Your challenge is to learn to control the beast. Turn the yen off if you don't like it. Or Trade it at 1/2 or 1/3 risk.

Envy is very good at avoiding normal market news. If you do nothing to keep your finger on the pulse of the overall financial markets, then you do yourself a huge dis-service. its the non standard, big event news that typically hits Envy. The German high courts meeting last September on Germany funding ECB debt, Abe's election in Japan where he said FOR MONTHS before elected, that he was going to print...and print...and print. The easiest place to skim the headlines that matter is a zero hedge and the link is at the bottom. Mid email links appear to truncate the message. I check it many times a day while at work. That which doesn't kill you makes you stronger, and I've kicked myself in the ass at least a couple times now, asking, myself, 'why didn't you turn it off'? When Cypress hit, I turned things off.

I run Envy Ultra as a booster to most of my accounts. Send me an email to the address provided previously if you want tot talk.

www.zerohedge.com.