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Senior Designer
al
I'm a part time forex trader since 2008.
My trading style lately is not based on any strategy or system. I do not use any indicators and will use fundamentals as the base for daily and weekly direction. My entries are based of price behavior in current market conditions.
My current draw down percentage is quite high, because I'm trading a small account and trying to grow it as quickly as possible.
The risk to reward factor is still good so you simply need to lower your lot size to lower the risk, should you wish to follow my signal.
My trading style lately is not based on any strategy or system. I do not use any indicators and will use fundamentals as the base for daily and weekly direction. My entries are based of price behavior in current market conditions.
My current draw down percentage is quite high, because I'm trading a small account and trying to grow it as quickly as possible.
The risk to reward factor is still good so you simply need to lower your lot size to lower the risk, should you wish to follow my signal.
Gert Jakobus Visser
#USDCAD - I am so close to my goal of $600 this week and I'm hoping this trade on #USDCAD will push me into $600! While I'm at it let's look at the week so far before Friday. Profit for the week so far is 15.82% and for today is 3.35%. My total gain on this account is 295.59%. If this trade on #USDCAD goes into profit I'll not only hit my $600 goal, but also reach more than 300% gain on my account.
Waseem Raza
2018.06.21
USDCAD will take reverse from 1.37500 around 150 pips and sideways for some time
Gert Jakobus Visser
You might have heard me say many times before that Risk is more important than Profit! In the picture below you will understand why it is so important to control your risk. Note my Risk/Reward ration especially Best Trade = $47.85 against Worst Trade = -$21.92 with a Profit Factor of 1.87.
You will also notice a draw down on my account of 37%. You have to be comfortable with Draw Downs when trading Forex, because it is part of it. Forex Trading is High-Risk and you can loose a great deal of money if you are not careful. That is why I suggest to all my followers to start small and build up your equity before you increase risk. You can use your profits to increase risk so that if we loose 10% or 20% equity your initial investment is still safe.
So what can you expect from my side?
The max. draw down you currently see on my account is about as much as it will be. You have to be comfortable with that so start with small investment. My goal is to grow the account between 25% and 50% per week, which is quite high for ROI, but achievable I would think. However, I do not bind myself to these goals, because that is when you start chasing profits and loose focus of risk.
Feel free to contact me should you have any questions.
Trade safe!
You will also notice a draw down on my account of 37%. You have to be comfortable with Draw Downs when trading Forex, because it is part of it. Forex Trading is High-Risk and you can loose a great deal of money if you are not careful. That is why I suggest to all my followers to start small and build up your equity before you increase risk. You can use your profits to increase risk so that if we loose 10% or 20% equity your initial investment is still safe.
So what can you expect from my side?
The max. draw down you currently see on my account is about as much as it will be. You have to be comfortable with that so start with small investment. My goal is to grow the account between 25% and 50% per week, which is quite high for ROI, but achievable I would think. However, I do not bind myself to these goals, because that is when you start chasing profits and loose focus of risk.
Feel free to contact me should you have any questions.
Trade safe!
Gert Jakobus Visser
Those of you following me a while now will know I spotted this setup about 4 weeks ago. It is really satisfying to see price respecting these levels...... sometimes all it takes is patience and some more patience.....
Check out my performance starting with $150 in this account and now is more than $500 with my next target being $700 and then I'm taking this to $1k
https://www.mql5.com/en/signals/author/sitestuff
Check out my performance starting with $150 in this account and now is more than $500 with my next target being $700 and then I'm taking this to $1k
https://www.mql5.com/en/signals/author/sitestuff
Gert Jakobus Visser
And that brings us to the end of another profitable trading week. Today through was a slow day for me with 1.37% profit. My profit for the week is 27.59% bringing my total gain on my account to 241.55%.
You will also notice that I reached a big milestone, which is a $500 acc balance. As my account grow I will naturally decrease my risk, which might mean that my weekly profit goal will not be as aggressive as it is currently. I would however still aim for +20% per week.
For now it is time to disconnect from the economy and relax before we head back to the charts Sunday evening.
You will also notice that I reached a big milestone, which is a $500 acc balance. As my account grow I will naturally decrease my risk, which might mean that my weekly profit goal will not be as aggressive as it is currently. I would however still aim for +20% per week.
For now it is time to disconnect from the economy and relax before we head back to the charts Sunday evening.
Gert Jakobus Visser
The last 2 days I had to really work hard for my profits, but I am very pleased to say that it all went well and I gained some good profits without compromising the max draw down on my account.
With Feds hiking US rates and GBP releasing positive Retail Sales I found myself having to Hedge some trades in order to ride out the volatility. The key to Hedging is not to make money from the Hedge, but only to use it to protect your account and that is precisely what I did!
As it stands I'm far ahead of my weekly goal so I will not be forced to trade tomorrow, but if a setup presents itself I'll be looking at it :-)
With Feds hiking US rates and GBP releasing positive Retail Sales I found myself having to Hedge some trades in order to ride out the volatility. The key to Hedging is not to make money from the Hedge, but only to use it to protect your account and that is precisely what I did!
As it stands I'm far ahead of my weekly goal so I will not be forced to trade tomorrow, but if a setup presents itself I'll be looking at it :-)
Gert Jakobus Visser
You might ask why I am holding on to my Buy Orders and why I Hedged myself out of yesterday's Volatility? Well, my analyses is still showing me a very good opportunity for long orders. Also looking back at previous rate increases by US you will notice similar price patterns. Some economic factors might have prevented this to play out yesterday, however there is 2 more trading days left for this week and I see price making it's way up to my TP levels
Gert Jakobus Visser
For me Risk is more important than Profit and I always try to control my Risk even if it means it might take slightly longer to reach my goals.
Gert Jakobus Visser
#AUDJPY has been bullish since the end of May and today I think is a good day for a retrace to lower levels..... I'm only looking for 35pips in this move with a 20pip SL and TS.
Gert Jakobus Visser
#AUDUSD #trade this morning is Long for 30pips with an additional order for 20pips. SL is at 0.75800, which I doubt will be reached, especially after #AUD performance on Friday. In fact, I might add an additional Long #order at 0.76200 for 10pips just to add more #profit to the basket....
Gert Jakobus Visser
As some of you might know I've done some remarkable recovery on one of my accounts using my Daily Fundamental strategy. I've taken $9 to $150 within a month and now I'm at $200. This is when I launched a Signal Copy service via CopyFX at Roboforex. I've been approached by some investors who want to copy my trades using their own broker, hence the signal service here as well. It will be limited to CopyFX and MQL5.com though.