Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Forex Version XIV, Foreign Exchange Market Discussion

views
     
bulkbiz
post Jul 7 2014, 08:19 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



Martingale based strategy has been exist for long time in FX trading arena, especially retail trading like us. If you simply check those monthly contest, myfxbook top performer, zulu and so on, you can see a lot of signal provider having a very very smooth equity for 3 years and above (which made me envy and jealous). Debate is on going, expert A said it works, expert B said it doesn't work due to market is random and bla bla bla .... I personally does not use martingale system and I will never use it because I am a true believer market is random. How about you guys here, please discuss smile.gif
bulkbiz
post Jul 8 2014, 12:20 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(mchicken @ Jul 8 2014, 07:46 AM)
Martigale works for me, been with the system for more than a year and still profiting. IMHO, just take good care of the MM and lot management, don't be greedy try to strike big, then it gonna last long with consistent profit.  icon_rolleyes.gif better small than blown account.

PS: Must be modified Martingale like Mix Martial Art (MMA).
*
Great!! May I know how many losing streak your martingale system can sustain?

bulkbiz
post Jul 8 2014, 06:45 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(mchicken @ Jul 8 2014, 04:08 PM)
Well, yea. I try to control it under 20. But so far encountered probably 12-14. I can't really remember, coz it seldom happen. smile.gif
*
Because it seldom happen?? hahaha good answer!!

Mind to tell me when you hit 12-14 losing streak, what is your drawdown like? I am just curious only, because martingale system beat even the best trader in the world in monthly contest, and of course the capital is smaller from what I observed.

Please post a link here if anyone in zulu is trading million dollar account with a very smooth equity curve ya, I wanted to have a study on them, just out of curiosity smile.gif
bulkbiz
post Jul 9 2014, 10:40 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(mchicken @ Jul 8 2014, 09:07 PM)
Well, you can laugh all the way just like any other when they saw me using this system/strategies, saying it gonna blown in 3 months time. But I made it thru 1 year+. Now that guy dare not to say a word.. smile.gif The DD is hover around 15-20%.

What you see from the monthly contest, the trader probably uses high risk high return martingale with bigger lotsize, if trend goes his way, he will make it, pure luck. All/Most of the contest use only demo account, so got nothing to lose. Probably that month only the trader reach 4-5 level which the capital can sustain the DD. For example, there is one month last year which I made 3k+ pips. If I use full lot, the return gonna be  rclxm9.gif , but I didn't. Coz I know that its not gonna happen every month, I need to have good MM so that it can last long.  smile.gif
*
I didn't laugh at your martingale system, you are too sensitive.

I laugh at your answer, which is really not pro la.


By the way, 1 year plus is short period, give it 5 years.
bulkbiz
post Jul 10 2014, 01:32 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(9kingsir @ Jul 10 2014, 05:31 AM)
u say it jor.. 1year+ how to pro answer to u...

doesnt matter 1 years or 5 years.. some even 10years still dont have good answers..
*
Don like that la, anything is possible mar.



bulkbiz
post Jul 10 2014, 02:50 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(evedlab @ Jul 10 2014, 02:37 PM)
Seriously, how to make money in forex ? I see many people in the forex for few months and years then suddenly quit because of huge loses. I've been trading 2 years but I still cannot get a good strategy. Started of with martinegale which will give false hope because you will never loose (most of the time). I was lucky to exit from this strategy after I survived with 70% drawdown, and finally i realised martinegale accually gives false hope. Since then I'm looking for a good strategy but still cannot find one.

Sure there must be a way to make money in forex, just need to seek best strategies that suits your style. Anyone got good strategies to share? Wait, is there any full time trader trading profitably more than 3 years ?
*
Thanks for sharing your experience evedlab.

I am not trading fulltime because I only spend 10 mins on my trading everyday.

Number of years? 6 years already ........ and yea positive every year.

No I don't share my strategy, sorry
bulkbiz
post Jul 10 2014, 02:55 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(evedlab @ Jul 10 2014, 02:53 PM)
Thanks. At least I know got people can trade profitably. I'll continue my journey to look for good strategy. smile.gif
*
strategy only 10%, your mindset is about 90%.

you will know soon enough.
bulkbiz
post Jul 10 2014, 04:10 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(Moonflown @ Jul 10 2014, 03:51 PM)
Have anyone heard of TeleTrade?

They have been pretty active recently giving trainings and recruiting retail traders. However all these trainings require you to deposit some money into the broker and you have to train a certain lot to get it back.

I'm sure MLM forex is pretty hot recently but my encounter with this broker doesn't seems like its a MLM.

Do share if you heard anything about it smile.gif
*
That's why i never tell people I trade forex (by myself). The term "forex" is smelly enough now. Forex=scam is public's perception nowadays. Sigh ........

If you want to make quick bucks, join them, find your down line, if you are among the top recruiters, you can become millionaire very fast, no need trade at all. Just hope that you are not at the bottom before the scheme break ....

Good luck!
bulkbiz
post Jul 12 2014, 07:16 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(mchicken @ Jul 10 2014, 10:11 PM)
Haha, whatever it is, I am totally fine and good. I am really not pro answering question. I am not that sensitive and emo like the last "awesome" forumer that keep picking on lowya, with long beautiful answer.  yawn.gif
Sure got the chance to see the 5 years result.  smile.gif
*
Great!
bulkbiz
post Jul 12 2014, 07:17 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(zDarkForceSz @ Jul 12 2014, 02:05 PM)
Chill~
We're here to discuss about Forex, exchanging ideas on trades.
Retailer fighting against retailer for what?
Lets fight Smart Money together. Cheers.

____________________________________________________________
btw, mchicken's ea is doing great.
heard of his ea last year, and he's still here. keep it up bro!
even open a zulu lol.
*
Don't fight, we follow them
bulkbiz
post Jul 16 2014, 08:25 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(shamsul_LP @ Jul 14 2014, 10:58 PM)
now im transfering using maybank debitcard. my neteller account not verified yet.  sweat.gif
*
You should just go to bank counter, declare as equity investment, sure pass.
bulkbiz
post Jul 19 2014, 09:42 AM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(tdoptions1689 @ Jul 18 2014, 12:24 PM)
I still seen somebody are looking for awesome poster. I don't post doesn't means I am already out of the games. Sometime, when I was in down period, I would prefer to clear my mindset and look for the solutions, find implementation on the strategy and regroup on it. If you can't accept losses, you CAN'T be a TRADER. Make sense, mchicken?
*
Awesome!!
bulkbiz
post Jul 24 2014, 01:03 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



Found this!! HAHAHA

Attached Image
bulkbiz
post Jul 25 2014, 10:31 AM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(shamsul_LP @ Jul 25 2014, 12:11 AM)
from 28usd, i make 841usd now from monday-thursday. new record for me. laugh.gif
*
Come on, start with 28 bucks?

You should deposit 2800, now you have 84,100.


You make +2903% in one week.
bulkbiz
post Jul 28 2014, 11:01 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(shamsul_LP @ Jul 28 2014, 08:04 PM)
The proper way to learn is after u burn your account. Seems harsh but thats the true
*
This advise is for you? hehe. Sorry no offend ya, time will tell.
bulkbiz
post Aug 18 2014, 10:26 AM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(lowya @ Aug 17 2014, 01:02 PM)
Sharpe Ratio of 0, risk free trading.

http://www.myfxbook.com/strategies/vergilfxcom/31952

2% per day.

unfortunately no longer broadcasting.

find something like this would be awesome.
*
Do you know what is sharpe ratio?
bulkbiz
post Aug 18 2014, 11:46 AM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(lowya @ Aug 18 2014, 10:30 AM)
No, i don't know.

Do you mind explaining?
*
You don't know but you say sharpe ratio=0?
bulkbiz
post Aug 19 2014, 01:17 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(9kingsir @ Aug 18 2014, 07:45 PM)
Even Phd in economic pun kalah... rclxub.gif
*
People like fundamental because it sounds more professional. Hedge fund that claim to use fundamental analysis, is actually pooling a lot of "big data" based on fundamental, assign a value for each data collected , quantifying it, and the end result is BUY or SELL, TAKE PROFIT, STOP LOSS.

By just reading fundamental, you will never know when to buy/sell, TP and SL.



bulkbiz
post Aug 28 2014, 04:21 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(9kingsir @ Aug 26 2014, 06:49 PM)
does anyone here is fund manager?

where do get the lesen???
*
Apply money manager license from broker will do. The most important thing is the LPOA.

Institutional license in Malaysia for forex, so far none.


bulkbiz
post Aug 28 2014, 04:31 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(kuzco @ Aug 27 2014, 11:58 PM)
who interest join me forex signal , can pm me, result for this 2days
*
How can I trust you?

2 Pages  1 2 >Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0691sec    0.28    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 08:49 PM