not adding positions to a losing position
if ur signal show EU sell.. u sell, show GJ buy.. u buy, show AU buy..u buy.. and so on
keep maximum open position to 10. more than 10 you may have problem managing it
Take profit 10-15 pips per trade, no stop loss. If DD more than 30%, start cutting your loss.. but at the same time keep adding position when your indicator produce signal

You will see your profits start to piling up and meanwhile your DD at safe below 30%

scalping is taking 3-5 pips per trade. 15-20 pips is daytrading

i disagree with mentally straining. this kind of trading is very relax and stressful.
what stressful is when you set tight stop loss then it get hit, then market move into your direction..
but you are already loss because u set tight SL.. haha (MARKET laugh at you)

I see that high winning rate is very important for your strategy so that the possibility of your account suffering 30% drawdown
but still stay in the green is possible and I think the small TP is helpfing too.

Trading in the ranging market is helping too I guess as it's more possible for the market to come back to green without straying too far in the red.

I have to disagree with tight SL because a good SL is often used together with pending limit order & seldom triggered
with the exception that the position is totally wrong since the beginning.

What possibly happen more is the market goes all the way without triggering the limit order but I guess that will be as painful as SL getting hit

---warning & disclaimer---
* this posting is for general knowledge only
*im not responsible for anything
* this method is banned by almost all brokers
* THIS IS NOT AN ENCOURAGEMENT FOR ANY NEWBIES TO TRY ON LIVE ACCOUNT.
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History
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some groups of traders in indonesia begin this method back in 2008 when russian brokers started SPOILING THE REAL FX industry by giving Bonus that supported margin during trading drawdown. brought into malaysia by traders from eastcoast and slowly make its way all over malaysia.
it was kept secret until intelfx went under due to this "abusive" of bonus. EVEN NOW SOME TRADERS ARE STILL USING THIS METHOD. (im not responsible for anything, just sharing for general knowledge)

1. Assuming we pick NFP with average spike and movement of 50pips. it will take place next week.
2.Account A is 1000. account B is 1000. both getting bonus 50% and hence both has 1500 margin, and remember we have some small trades running which might take few dollars off the margin.
3.expected movement is 50 pips. we need to calculate what is the lot size that will make one of the account go bust in 50 pips for equity of 1500usd.
leverage of the account is 1:500
SO level is 10% of margin use.
means for every 1standard lot EURUSD, margin use is 200.
10% of 200 is 20usd.

10% margin call level and 20% stop-out level. Your balance is $1500 and you open a trading position with $400 margin = 2standard Lot. 10% of the margin is $40. If the loss on a position reaches $1460, your account equity becomes $1500 — $1460 = $40, which is 10% of your used margin, the stop-out level will be triggered and the broker will automatically close your losing position.

How many pips is 1450 for 2lots?
each pips worth $20 hence it will take 72.5pips to get to SO.... we need bigger lot.

for 3lot, margin use is 600 and 10% is 60usd.
max equity floating = 1500-60 = 1440.
each pip worth $30 hence it will take 48pip to StopOut.
now we need to calculate Take Profit.
Place the BUY and SELL at the same time.

take note of entry price.
Sell Price will take BID price and we need to include spread for TP.
Buy will take ASK price and we can use price appear on the chart (BID)

example Buy at 1.0500, add 48 pips become 1.0548. thats the TP.
Sell at 1.04980 (BID price no spread),deduct (48 pips + 2 pips spread) = 1.04480

(credit lukpayat)

Hedging can get reward meh? Which broker is offering such a good deal?

It based on IB senpai.

Lotsize closed trade X multiplier pair X closing spread = point.
Highest point, win the prize. Montlhy accumulation ofcourse. 

Which is the best broker now that supports mt5??

Anyone who invested in Sentratama Investor Future, need to be careful as this broker or investment is scam

this has nothing to do with forex

Why this is nothing with forex? Don't see the name as future as judged it that it is future.

Anyone who invested in Sentratama Investor Future, need to be careful as this broker or investment is scam

Hi,
Anyone here are using social trading platform to copy trade traders?
I mean in etoro or zulutrade platforms.
They are considered top platorms in terms of transparency and license

Do share your experience here if possible. I am thinking of opening an account to copy trade the top traders there.

Also can we use our Maybank2u debit card to transfer money and receive overseas trading company platforms.?

Imo if you choose to risk 3% of your account for every trade then your SL should be max 30pips for 10 cent/lot.
But if the market demand you to place 60 pips SL then you need to change ur lot to 5 cent/lot.
You only need to adjust your lot value to to compliment your SL value & still stay within you risk/trade value.
Oh, I'm also noob so this might be not correct 

I prefer to use broker that has local depositor (LD) service..the exchange rate quite reasonable and more convenient..

Which u are using and what's the rate of exchange? Thanks

I trade using Mocaz..they provide local depositors so the rate quite good..refer to the image I attached..and Mocaz only appointed several people that are really trusted and committed..eventhough I am one of their IB,but I dont have the authority to perform local deposit..

Thanks for sharing..That's a good rate really.

You are welcome..

Got several people PM me..asking about copytrade and online/offline forex class..

Ok let me explain a bit..i teach/guide new forex trader..but i prefer face to face..easier to explain and guide..

And u can follow my fb page : Jom Trade

Currently I am using Mocaz..and i am waiting for the new broker to launch because I heard rumors that the autocopy trade feature more convenient..

I myself a part time trader..and i like to share everything i know about forex trading especially to help and provide guidance so the new trader wont get scam..

My advise : trade on your own..dont simply give money to other..learn how to trade..it quite difficult at first but give yourself some time to understand..sabar and dont give up..