i saw that this a quite a good trader but taking high risk.it is still very early days to judge

checking on the trader trade history ,IMO ,he is a trader of :-

1. it appear he does not use a stop loss or uses a huge stop-loss and hence does not have a pre-defined risk before taking position;biggest drawdown at 120 pips and best profits at 50 pips.he merely wait for price to draw even if price level is against him initially or take small profits whenever he could.this method may work in less volatility and in narrower range conditions like the past several months but with high volatility and if price level continue to trend against him ,he most likely will be trap with big drawdown.
in essence ,i categorized this type of traders as refusing to take losses and this can be very risky as a couple of wrong trades may ruin his account. i observe that he simply let his losses carry forward to next couple of days whenever the price is against him and wait and hope for price to recover.

2.neither did he calibrate and calculate his risk/reward ratio before taking entries.lots and lots of small wins averaging 10 pips per trade.in the past ,many traders all over who uses no stop loss or huge stop loss for small reward will discover to their own dismay that at the very best over the long run ,they will only have small wins and if a number of trades starts to go wrong ,he will experience very high drawdowns unless he could continuously sustain high accuracy entries.

3.i dont know what analysis this trader uses,but by his trade history ,i presume he should have one or two for his entries (only) but his exits is a mystery to me. from his trade history ,he will take profit if he sees 5 ,10 or 15 pips and satisfy with it because as observed ,some of the trades have potential to earn more .

4.i have no doubt his method of trading have very high wins percentage and trading in small lots position does help on the mental side too.it appear to me he is a scalper but not a natural one as he let his losses carry over to the next day and next, till it recover.it work most of the time though.

5. it appear to me ,this trader have some experience in trading but is satisfy with small wins.it is still some win though but is it enough.

above are just my personal opinion after going through the trades history.

This post has been edited by starship1: Mar 6 2017, 08:50 PM

it is still some wins while waiting for the real test to come.all good traders have their own methods of winning.some wins are big some wins last longer

the trading method you apply at Zulu ,it will be a waste during Brexit and Trump election win because if you got it right at the entries ,couple of hundred pips is there to catch and profit from .


scalpers generally dont trade during those few days before and after.

no stop loss method with small reward at small position size dont need a 2 year test period ,as long as one have some trading experience ,one can start at any point .its that simple because the market price ranges 75% of the time.some though,prefer to make money at 25% of the other time.

there are some method and strategy to win and many many more methods to lose in this market,if one have confidence to do well in his own method ,just continue doing it.

just an advise to you ,in any event ,you need to have at least a disaster stop-loss action in place unless you have a very very strong mental stop loss which is rare

goodness me.so high pressure arr

my trading belief is that stop loss in any manner is a form of pre-defining my risk control and management.before i enter any trades ,i want to and need to know where are my losses and profits.it is a necessity

if i dont know where my stop losses and profits are ,most likely i will not take a position

all said, if you have the confident in what you are doing and know what you are doing ,meaning to say ,the risk involved,keep going as afterall ,you have in some way prove you are some kind of a winner

your comments above get me confused.

1) many beginners or even intermediate level traders likes to learn trading at forums.there are too many nuts in the forums and if one believe the words or follow the systems of the wrong fella and there are many of those ,he find himself in troubles within himself .many will get deluded

2) have you heard of "stop-win" to prevent the winning trades become losing trades?
i will be interested to hear more on this

3) many many traders all over the world have misconception and is confuse on how to use stop-loss

4) all professional traders and even the best one uses stop loss ,hard or mental , one way or the other.

5) let me put it simple, a stop loss is a must for most traders as it is a way to limit your losses in case you got it wrong and a trader must not dig deeper and deeper or even hold on without restraints onto one or two trade entries mistakes.but there are some highly talented and experience retail traders who think that stop loss is a hindrance and actually did well in their trades without a stop loss but there are far too few and the risks are unnecessary and can be high.

This post has been edited by starship1: Mar 7 2017, 10:43 AM