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Investment Forex Version 21, Foreign Exchange Market Discussion

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kiyaykh
post Oct 24 2020, 02:04 PM

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Hi guys,

Been with quite long forex trading experience mainly using EA. I dont see much people here discussing about EA trading compared our Singaporean neighbour in other forum or telegram group. Not try to promote anything here but there are some EAs in market (mql5.com for example) which brought decent profit to me over past few years. And of course majority didnt as expected so need to backtest / forward test until you know how it behave in different market.

My prefer EA mainly based on Martingale and grid, with moderate risk which can be minimised if you know how it play.
SUSMr. WongSF
post Oct 24 2020, 02:10 PM

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QUOTE(kiyaykh @ Oct 24 2020, 02:04 PM)
Hi guys,

Been with quite long forex trading experience mainly using EA. I dont see much people here discussing about EA trading compared our Singaporean neighbour in other forum or telegram group. Not try to promote anything here but there are some EAs in market (mql5.com for example) which brought decent profit to me over past few years. And of course majority didnt as expected so need to backtest / forward test until you know how it behave in different market.

My prefer EA mainly based on Martingale and grid, with moderate risk which can be minimised if you know how it play.
*
I have extensive experience(pre-subprime years) in forex trading, have tested my fair share of free & also commercial bots, &

I have never seen any good come out of EAs that utilize :

1. Martingale

2. Grid trading

They all work well for a period of time, but in the end, will blow up in your face mega_shok.gif


Supreme1394
post Oct 24 2020, 02:27 PM

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QUOTE(Mr. WongSF @ Oct 24 2020, 02:10 PM)
I have extensive experience(pre-subprime years) in forex trading, have tested my fair share of free & also commercial bots, &

I have never seen any good come out of EAs that utilize :

1.      Martingale

2.      Grid trading

They all work well for a period of time, but in the end, will blow up in your face  mega_shok.gif
*
Same here. It consistently brings in small profits everyday to give the illusion of sustainability, but at a certain point of time the market will take everything back with a vengeance. Every martingale and grid approach will blow up sooner or later.
SUSMr. WongSF
post Oct 24 2020, 02:30 PM

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QUOTE(Supreme1394 @ Oct 24 2020, 02:27 PM)
Same here. It consistently brings in small profits everyday to give the illusion of sustainability, but at a certain point of time the market will  take everything back with a vengeance. Every martingale and grid approach will blow up sooner or later.
*
Oh hi my frennn!!!

Long time no see! smile.gif
Supreme1394
post Oct 24 2020, 03:00 PM

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QUOTE(Mr. WongSF @ Oct 24 2020, 02:30 PM)
Oh hi my frennn!!!

Long time no see!  smile.gif
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cheers.gif grin.gif
cmk96
post Oct 24 2020, 04:52 PM

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QUOTE(kiyaykh @ Oct 24 2020, 02:04 PM)
Hi guys,

Been with quite long forex trading experience mainly using EA. I dont see much people here discussing about EA trading compared our Singaporean neighbour in other forum or telegram group. Not try to promote anything here but there are some EAs in market (mql5.com for example) which brought decent profit to me over past few years. And of course majority didnt as expected so need to backtest / forward test until you know how it behave in different market.

My prefer EA mainly based on Martingale and grid, with moderate risk which can be minimised if you know how it play.
*
EA do not work all the times.... You need to know when to off it.

I am using EA to help me monitor the market when i am not free.

Previously my EA hold my positions for weeks.

Now max duration 2 days.... On my 5th mth now... still making profit each mth.
cmk96
post Oct 24 2020, 04:59 PM

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QUOTE(Lucas0323 @ Oct 19 2020, 02:21 PM)
Huge swing right there
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I have been here since 2008... no one share drawing or strategy here.

Maybe this is "C" platform.... go to "M" websites.... you see tones of strategies...EA... Even give you investor pw.
Lucas0323
post Oct 24 2020, 05:03 PM

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QUOTE(cmk96 @ Oct 24 2020, 04:59 PM)
I have been here since 2008... no one share drawing or strategy here.

Maybe this is "C" platform.... go to "M" websites.... you see tones of strategies...EA... Even give you investor pw.
*
Sometimes i check out forexfactory forum for some insight bt their website alone is quite informative.
cmk96
post Oct 24 2020, 05:11 PM

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QUOTE(Lucas0323 @ Oct 24 2020, 05:03 PM)
Sometimes i check out forexfactory forum for some insight bt their website alone is quite informative.
*
Yup... FF is good too. Many pioneer of new strategies there.
icelander85
post Oct 29 2020, 12:28 PM

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Hi, want to ask...I have recently found around 500 english pounds notes left by my grandparents who are not around anymore. The notes are not that old, probably from the early 2000s, but I also read that the UK are withdrawing the paper notes soon.

Want to ask if it is better to open a foreign currency account for that, or to just exchange to MYR at a money changer? Are there better options?
dwRK
post Oct 29 2020, 02:25 PM

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QUOTE(icelander85 @ Oct 29 2020, 12:28 PM)
Hi, want to ask...I have recently found around 500 english pounds notes left by my grandparents who are not around anymore. The notes are not that old, probably from the early 2000s, but I also read that the UK are withdrawing the paper notes soon.

Want to ask if it is better to open a foreign currency account for that, or to just exchange to MYR at a money changer? Are there better options?
*
money changer
HolyAssasin4444
post Oct 29 2020, 03:20 PM

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Hi guys! Not a forex trader here but I have a stash of EUR in brokerage account for USD investments, any insights if EUR will gradually appreciate in the mid term (~2 years)?
kuladruw
post Oct 30 2020, 01:32 PM

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free money tips
CODE

Date : 30 Oct 2020 (Friday)
Time : 1:30pm (Malaysia time)
Instrument : EUR/JPY
Direction : BUY/LONG @ 121.78
Size : no more than 0.01 lot size (for MT4 platform)
Duration : buy and hold for 6-12 months, if keep dropping just hold until 118.95 and add another buy 0.01 lot size

for non-MT4 platform user, do not enter no more than 1,000 unit (approx 10 cents per pips) per trade

Minimum capital requirement : 3000 (USD)
Risk Type : Low


This post has been edited by kuladruw: Oct 30 2020, 01:33 PM
Supreme1394
post Oct 30 2020, 05:01 PM

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After so many years of searching for the needle in the haystack, I've finally found my light at the end of the tunnel. For those still struggling out there, keep on trying and never give up!

» Click to show Spoiler - click again to hide... «

SUSlowya
post Oct 30 2020, 08:12 PM

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which is a good combo to use on tradingview?

1. broker: FXCM, Oanda or others?
2. funding bank: Maybank, pbb.

in terms of funding and withdrawal? Is it worth to go for fxcm for free tradingview pro?
taurean
post Nov 17 2020, 02:16 PM

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QUOTE(lowya @ Oct 30 2020, 08:12 PM)
which is a good combo to use on tradingview?

1. broker: FXCM, Oanda or others?
2. funding bank: Maybank, pbb.

in terms of funding and withdrawal? Is it worth to go for fxcm for free tradingview pro?
*
I am using FXCM and Maybank, they have their own funding service located in Malaysia. The transaction is very prompt.

Wish you all the best for your trading journey.
Lucas0323
post Nov 18 2020, 01:02 PM

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QUOTE(lowya @ Oct 30 2020, 08:12 PM)
which is a good combo to use on tradingview?

1. broker: FXCM, Oanda or others?
2. funding bank: Maybank, pbb.

in terms of funding and withdrawal? Is it worth to go for fxcm for free tradingview pro?
*
Don't lock yourself only with brokers offer by tradingview. Do your own research and see which broker fit you.
low yat 82
post Nov 29 2020, 08:47 AM

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I use FBS. Some people call it scammer. But i couldn't ignore d high leverage offered. Haha
low yat 82
post Dec 2 2020, 07:21 PM

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In here onli left oldies waitin to die?haha. So man
y hav burnt themselves
Hansel
post Dec 3 2020, 07:48 PM

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Continuing to hold my AUDJPY pairs at current interbank rate of 77 Yen. The RBA has lowered its interest rate till 0.10%.

Unless it intends to go into negative rates, there is no more room for interest rates to affect the strength of the AUD anymore.

Now awaiting interest rates to rise again. The wait may be long, though,...

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