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lördag 19 september 2009

Specify/ present live trading results...

Got a hint from a reader that i should post some actual trading results on my blog, instead of just having a lot of pros/cons and affiliate links. Fair enough, explanation follows :

This blog was started with the intention of comparing Megadroid and FAP Turbo, hence the blog adress. I was brand new, uber forex rookie when i started doing this, and looking in the backmirror, i shouldnt have done that. I just started some robots and presented some percentages during a short two-three week period, which was way too short to actually be able to tell anything whatsoever about any longterm performance about these robots.

Anyway, i continued my forexjourney by doing a lot of reading, videocourses, blogs, forums and tutorials, and i quickly realized what a complex world this was and how little i knew about it. This is when i started to "write off" myself on this blog. I figured there must be more rookies out there looking for information, and to be honest i was hoping for more interaction on this blog. I wanna learn from you, and hopefully i can point you in some good direction when you look for info. So, is my info credible? Is Copy/pasted/curvefitted/datefitted backtests and live results credible?

I have, since the blog started, to this date, spent almost all my free time learning about forex trading. I have lost money, and i have made gains. I have been frustrated and euphoric. I almost gave up at some point, but decided that "how hard can it be??" and continued. Yes, i have links on my page. Most links on the internet are some kind of affiliate connected, some hidden, some open (like mine) - you see that it is an aff link when you hover the mouse over it. I dont see any problem with this.

So where are my live trading results then?? Well, to be honest i havent kept any exact logbook on every single system. I have tried many many more systems than im showing on the blog, and i can promise that only the best ones are used by myself - i dont wanna lose my money!
The manual trades i have done so far is kinda impossible to backtrack since there is no magic number as there is with robots. But from now on, i will start to write a personal trading journal, something that i should have done long time ago. I will publish the results on the blog, raw as they come out of the MT4 history, with screenshots if possible. Bear in mind tho, that i am still doing a lot of experimentation with different systems, and i only demo for minimum time since i believe that once i understand a system, u should go live with it. I am not a big fan of forever demo approaches, for good and for worse....

Also, we are all only humans, which i proved to myself the other day, when a misplaced decimalkomma caused me to lose almost one-third of my live capital! It was an expensive learning experience, to say the least....

Anyway, money comes, and money goes. This is the nature of this business. I am not in anyway sleepless over this, but it only proves that mistakes and misjudgement happens to all of us, and the only way to go is just to go out there again!

Finally, Robominer still saves my day. I immediately started a new session after my decimalkomma debacle, and i expect Robominer to catch this up in time. It produced safe and small gains all the time before, and it will do it again. ProFX still runs solid on my account, no change. SniperForex has surprised me during the demo period, and i am confident it will continue to perform when i go live with it. Also, OAN/Mahmoud Amer system is the most exciting newbie right now. I will give this one a lot of work to find out whats it all about.
S26 and MACD-X is still playing hide and seek with me. Im doing everything by the book, but still they only seem to produce occasional profits. I see on other forums that people are making good money with these two (if they present credible results!), and would highly appreciate if someone could help me out here.

To really minimize my social life, i am also experimenting with creating a personal manual system by combining indicators from all over the world. How this will turnout, nobody knows...
My goal has been, and will always be to find a good solid system that works for me and my working hours. All systems are not for everyone. Trading styles, working hours and other personal preferences plays a big role here.

Happy trading to all of you!!

Brgds/Pilotlife

1 kommentar:

  1. I have to say that, Forex market is not difficult, but you really must have the discipline to trade forex the right way. have you ever thought of how professional traders become so successful in Forex trading.

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