Can anyone share their profitable trading strategy with me? Please? - page 5

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Chima Nwokoro
18683
Chima Nwokoro  
Nancy Manetti:

I have been trying out different strategies from internet, however, I can't seem to get out of losing cycle.

I am already overwhelmed because I lost my money in forex. It was my fault that I lost money.

I have tried my best to educate myself (babypips, books, articles) and find the best trading strategy.

Most of the books were about psychology and didn't give any actual profitable trading strategy.

I am having lot of trouble forming a trading strategy.

Can any profitable trader from here take pity on me and share their trading strategy?

Hi Nancy,

Well done for accepting that you want to learn and also reaching out to others for help.

Believe it or not, the trading strategy is the easiest bit of trading. The secret to profitable trading is in this order

1. Right psychology

2. Plan (how much do I want to make, how quickly, how much do I have to trade)

3. Exit rules

4. Risk Management / Trade Management

4. Entry rules 

5. Trading Technique

I will promise you that all the trading techniques you have learnt so far can make you very profitable. The main issue is that you will need to concentrate less on the technique/strategy. Focus on Exit Rules (what must happen for me to take profit, what must happen for me to exit with a loss). Until you can emotionally do this, you will still be losing. Watch the key word 'EMOTIONALLY'.

So the right psychology to not quit on your pursuit for clarity and to be emotionally under control when winning as well as when losing is absolutely key. Once you have this, you will modify any technique you've learnt from those books and seminars to suit your style and you will start making money.

You're on a journey. Keep at it, but don't lose your shirt while doing so :) 

See below my summary of a trader's blueprint. I'm sure you can find yourself on the path somewhere

 

Sugeng Moh Arifin
226
Sugeng Moh Arifin  
what about some another signal provider that have 100% win? you can check in this web.
Daniel Laverdiere
808
Daniel Laverdiere  
Nancy Manetti:

I have been trying out different strategies from internet, however, I can't seem to get out of losing cycle.

I am already overwhelmed because I lost my money in forex. It was my fault that I lost money.

I have tried my best to educate myself (babypips, books, articles) and find the best trading strategy.

Most of the books were about psychology and didn't give any actual profitable trading strategy.

I am having lot of trouble forming a trading strategy.

Can any profitable trader from here take pity on me and share their trading strategy?

Hello, i am an old timer and have been busy trading for years making a very good income. I am now kind of retired, but here's my most rewarding strategy XAUEUR at asian open nearly always goes long about 2 Euros minimum so i use to buy at asian open, put a TP at 1, 2 and 4 Euros and SL varies if trend is up or down. On trend up, no stop loss usually but beware, trends changes fast. so be ready to close or to hedge as i do 3 time the buying lot, you can also let run on trend up instead of TP

Go to your history, look at daily prices, check the opening prices, then the high and the low... usually goes up a few EUR and down 1 or 2... find your best position in between, you should make good profit. On trend up, i use to close about 5 EUR higher then opening and on trend down, just 2 or 3 but gaining 95% of the time.


Dates, open, High, Low

2012.09.24,00:00,1364.95,1366.20,1364.75,1364.78,659

2012.09.25,00:00,1364.86,1371.15,1360.30,1365.65,60955

2012.09.26,00:00,1365.61,1372.02,1352.35,1361.80,58751

2012.09.27,00:00,1361.75,1380.20,1360.60,1376.35,62416

2012.09.28,00:00,1376.40,1381.40,1370.74,1377.80,65014

2012.10.01,00:00,1378.05,1386.45,1369.40,1378.30,59261

2012.10.02,00:00,1378.38,1380.78,1369.30,1373.55,55977

2012.10.03,00:00,1373.50,1379.60,1372.00,1377.70,54036 ...

You should load in excel and calculate the diference between the columns. :-)

--- 

I have posted in attachment an EA that does just that... free and source included so that coders an optimise... 

if you have less than $1,000 in your account, use fix lot 0.01 otherwise you can start using risk = 1 (1%) attach it to XAUEUR H1

Here's how it works.

Attach to XAUEUR H1 , 2 decimals only, levareg 10, 100 or 1,000 it should open a buy position with a very close take profit if it goes wrong, hedge gets in.

parameters (default works fine):

Lot size: if = 0 autolots gets in and is being calculate from equity

Lot Risk : enter a percentage. start with 1... i have tried up to 10 and wow big results, but be careful, stay around to hedge the hedge

Take Profit: I use 1 for 1 euros... 2 is not bad, but 1 is better

stop loss is a pain in the brain, i do not use it bit feel free to fool around.

trailing stop is in euro

trailing step is on euro too 

hedge distance in euro. If zero hedge will not trigger

hedge multiplyer. i use 3 so it goes fast to recover.

margin take out is being used when the hedge is working, as soon as euity is that much higher then the capital, all position closes.

at 1% risk, the EA should give you about 20% a month... :-) 

Have fun! 

Files:
Goldex.ex4 12 kb
Goldex.mq4 5 kb
sangra15
2724
sangra15  
<Deleted>
Prabir Paul
226
Prabir Paul  

Hi Nancy,

Buy two Books -  (1) Forex Basic Explained in simple term (2) Forex- High Probability Trade by JIM BROWN. Trust me - you'll have good earning if you follow simple method explained by Jim Brown. 

Seyedmajid Masharian
1685
Seyedmajid Masharian  

dear friend no one show you his profitable strategy except with very very big amount of money.

you , i and all retail traders have to find a way to make money trading.

i mean you have to make your personal strategy.

yours

Ahmet Metin Yilmaz
3139
Ahmet Metin Yilmaz  
Seyedmajid Masharian:

dear friend no one show you his profitable strategy except with very very big amount of money.

you , i and all retail traders have to find a way to make money trading.

i mean you have to make your personal strategy.

yours

But you are also asking everyones strategy in another topic!?

Seyedmajid Masharian
1685
Seyedmajid Masharian  
Ahmet Metin Yilmaz:

But you are also asking everyones strategy in another topic!?

yes and i know they are all fail but maybe some good things on them to improve my own.

Marco vd Heijden
Moderator
8425
Marco vd Heijden  

Maybe that's why your having so much success. 

Ahmet Metin Yilmaz
3139
Ahmet Metin Yilmaz  
Seyedmajid Masharian:

yes and i know they are all fail but maybe some good things on them to improve my own.

Selfish
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