FXCM Live (By Alan111S)
| Gain : | +426.7% |
| Drawdown | 14.40% |
| Pips: | 338.5 |
| Trades | 43 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Manual |
FXCM Live Discussion
Jul 31, 2012 at 00:43
1,061 Views
6 Replies
Oct 25, 2012 at 12:54
Hi
I'm using AmazingEA to trade the news. Many people on the Internet were saying News Trading is dead. Well, it's not as easy as it sounds. For each trade, there is a bit of homework and setup time required, followed by nerves of steel while the trade is executing, followed by a bit of experience to understand the best time to close. You can start by using basic settings and Trailing Stops to capture as many pips as possible. But you soon realise that Trailing Stops get stopped easily, and to make any real profits requires letting the good trades run as long as practical. The other major factors are having a fast execution speed, possibly using a VPS, an accurate clock and some patience. It also pays to analyse every single trade, even the winners. That way one can make small adjustments to the settings or one's style.
Best of Luck, Alan 😀
I'm using AmazingEA to trade the news. Many people on the Internet were saying News Trading is dead. Well, it's not as easy as it sounds. For each trade, there is a bit of homework and setup time required, followed by nerves of steel while the trade is executing, followed by a bit of experience to understand the best time to close. You can start by using basic settings and Trailing Stops to capture as many pips as possible. But you soon realise that Trailing Stops get stopped easily, and to make any real profits requires letting the good trades run as long as practical. The other major factors are having a fast execution speed, possibly using a VPS, an accurate clock and some patience. It also pays to analyse every single trade, even the winners. That way one can make small adjustments to the settings or one's style.
Best of Luck, Alan 😀
Attachments:
Member Since Jun 24, 2011
42 posts
Oct 25, 2012 at 13:17
thanks for the lesson, but i don't see the point of keeping all private. afraid someone can steal your signal?😲
Oct 25, 2012 at 13:41
Metcalfe99 posted:
thanks for the lesson, but i don't see the point of keeping all private. afraid someone can steal your signal?😲
Yep, you're right. I've opened up Lots and History, but kept amounts and balances private. As you can see, the trades are around high impact news events. Anybody can find these 'signals' in the FF Calendar under High Impact..... 😉
Member Since Apr 29, 2012
2 posts
Oct 26, 2012 at 14:49
Hey good work! I'll check out the EA! Cheers!
Member Since Aug 22, 2009
390 posts
Oct 28, 2012 at 08:47
(edited Oct 28, 2012 at 08:49)
Thank you so much Alan,
I will try with Amazing EA from coming week.
I will try with Amazing EA from coming week.
youngchang@
Dec 07, 2012 at 11:45
wakeel posted:
is there a way you can make the risk calculation as accurate as 0.01 (micro) instead of 0.1 (mini)
Hi @wakeel
The risk calculation is not very good. But also, this system is designed for trading large lot sizes not micros. If you want to trade very small lot sizes, don't use the risk percentage, just specify how much exactly.
Alan
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