CuongVC's Posts - Page 11

Would you like to join free thoughts sharing FX trading room? in Experienced Traders Jun 29, 2010 at 15:49

This is one of my wish. I really want to have a place where people seriously disscuss about trading and colaborating. To colaborate effectively, small group is much better than big group. May be there are severall small groups, each focus on different goal/style/... like chart patterns, MT4 programing, fundamental, news....I have many ideas, a chat will be more effective to disscuss more.

Trade small to win in Experienced Traders Jun 06, 2010 at 22:54

Yes, the ratio ROR/MaxDD (per each cycle) is an important parameter.The higher this ratio the better the trader/EA is.I am curious to see what range this parameter the investors feel comfortable with. Let see some examples of the combination of ROR and MaxDD (and calculated ROR/MaxDD ratio):1a/ ROR= 8%.........DD= 25%..........ROR/MaxDD= 8%/25%= 0.321b/ ROR= 10%.........DD= 30%..........ROR/MaxDD= 10%/30%= 0.332a/ ROR= 8%.........DD= 20%..........ROR/MaxDD= 8%/20%= 0.42b/ ROR= 10%.........DD= 25%..........ROR/MaxDD= 10%/25%= 0.4 3a/ ROR= 5%.........DD= 10%..........ROR/MaxDD= 5%/10%= 0.53b/ RO...

Trade small to win in Experienced Traders Jun 06, 2010 at 06:56

I also think so. The reason I use this small number is to say that you can be a winner longterm. There are so many traders that target on high return and loss loss loss long term. The more they try to win back fast the faster they lose more.I didn't agree with the second part of your statement: "... with this return not worth the risk" because the risk is very small to almost none with this 1% target, small position size.I will not base on this 1% only, my target is 5-8% per month consistently but I take a very small return as a goal for my plan first so that I have a plan that w...

Where are good FX Managers? in General Jun 06, 2010 at 06:35

That was not an advice, I was just warning the investors that seeing a well-performed account (especially short history one) may not mean the account owner is a good trader.

Trade small to win in Experienced Traders Jun 06, 2010 at 06:31

Continue my thoughts...How to get 1% gain per month? (We start at a very modest goal first, then we will find a way to improve it later)It can be one of many combinations of number of trades, pip gain per trade and pip value %, for example:1/ Pip value %= 0.01%: 1.1) 1 time x 100 pips x 0.01% per pip. or 1.2) 2 times x 50 pips x 0.01% per pip, or 1.3) 5 times x 20 pips x 0.01% per pip, or 1.4) 10 times x 10 pips x 0.01% per pip, or 1.5) 20 times x 5 pips x 0.01% per pip,...or 2/ Pip value % = 0.05%: 2.1) 1 time x 20 pips x 0.05% per pip, or 2.2) 2 times x 10 pips x 0.05 per pip, or 2.3) 5 tim...

Where are good FX Managers? in General Jun 04, 2010 at 19:53

You know what, if we open many accounts and trade oposite directions. There will be account(s) that have great profit, show them here. The ones that be blown up ... don't show here.😄

Trade small to win in Experienced Traders Jun 04, 2010 at 18:37

I am not a full time trader but I spend many hours a day on forex.I created many EA/Custom Indicators/... for myown. I have never selled one but may be this is a new way to have some snacks and/or helping others or meeting people with the same interest. C

Trade small to win in Experienced Traders Jun 04, 2010 at 16:19

I have been trading from June 2006. Trade and learn, try, create system, refine them,... I am still always improving my skills/knowledge. I like to disscuss about strategies.The more I stay with this forex thing the clearer everything is and the surer I can be a long term winner. I have managed accounts too.The market is so dynamic, the price movement has so many parameters and each parameter vary in so wide range.... that is why we have to be flexible. There is no fix trading style that can be a winner all the time. We need to apply different style in diferent market condition and account con...

Trade small to win in Experienced Traders Jun 04, 2010 at 14:52

Now we are in the same pace.So we can see that the restart every month (or every certain time length like 2 months, 3 months,...) is important because if we don't, one day the 99% DD will blown all the gain previously achieved.I recommend you restart it each month. That means, if it gain, withdraw all the gain AND if it lose, deposit more fund equal to the loss amount to keep the start balance the same number every month.Good trading.

Trade small to win in Experienced Traders Jun 04, 2010 at 13:52

I think the best way is you give us all relevant information then we will talk about how great it is.What is the initial deposit?In Oct, you have ROI= 207.50%, what does this mean? What is the profit amount? Do you withdraw the profit when it gain? Do you deposit more when it loss?What happen on month Feb, when the loss is 99.27%? What it really mean?By give the information like below we can easily see how the account really doing:Oct......start equity........end equityNov......start equity........end equityDec......start equity........end equityJan......start equity........end equityFeb.........

Trade small to win in Experienced Traders Jun 03, 2010 at 16:37

Oh, it is not yours.Regarding to your 8 month test result. The total ROI can not be the sum of individual month's ROIIf you start with 500USD and trade without deposit more fund, then the calculation should be like the below:--------------- Start Equity----------------ROI--------------------------Gain/Loss amount---------End EquityOct-----------500---------------------------207.50%-------------------1038-------------------------1538Nov----------1538--------------------------(62.18%)-------------------(956)-------------------------581Dec----------581---------------------------192.44%-------...

Trade small to win in Experienced Traders Jun 03, 2010 at 06:18

The account looks great but the history is too short. If I see a much longer history, it will be more meaningfull.I have done 400% one time in 2 months, then blown up. Many times I did 30% a day. But I failed to maitain that kind of return for longterm. Now I am focusing on consistency.Do you have a longer trade history? How long have you been trading? So you are more fundamental, I guess ?

Trade small to win in Experienced Traders Jun 02, 2010 at 22:20

I like to express my thought in writing in the public so that I can express with more care, more organized and I can discuss with others who found that what I write is worth discussing...Trading is so simple if we trade small and so complicated if we trade big. Small or big here is the size of our net exposure compare to our account size.If we have 1000 USD account, a position of 10,000 units of Eur/Usd will have pip value = 1 USD/pip, that means 100 pip will affect your equity 100USD, that is 10% of the balance/equity. That is pretty big. If you keep the pip value so that 1000 pip = 10% of eq...

admiral in Trading Systems Mar 11, 2010 at 21:54

I admire your skill, Bored!

CuongSafe1 in Trading Systems Jan 23, 2010 at 16:05

You can join my managed account to learn about it. My email is [email protected]

Equity chart in Suggestion Box Jan 14, 2010 at 16:19

You are so right about that.I still think that Equity data is important and so, when ever myfxbook has it, place it on a chart so that it will not dissapear from the reader.The owner of the account will have to login to the platform at least once a day to keep his data complete.Refards,Cuong

Equity chart in Suggestion Box Jan 13, 2010 at 23:30

For MT4 accounts, the Equity amount is already in the "Stat" tap so I think it is easy to have Equity curve for MT4 accounts.Thanks

CuongSafe1 in Trading Systems Dec 13, 2009 at 18:15

I trade manually for this account. I also have MT4 account, I use have my EA and custom indicators to assit me in my manual trade. So we can say my trade is semi-auto.

Safe in Trading Systems Nov 22, 2009 at 01:05

I have stopped trading this account to start trading on my managed accounts: CuongSafe, CuongSafe1 and CuongLowRisk and also my MT4 accounts (not a managed account).

Safe-1 in Trading Systems Nov 22, 2009 at 01:04

I have stopped trading this account to start trading on my managed accounts: CuongSafe, CuongSafe1 and CuongLowRisk and also my MT4 accounts (not a managed account).

EURUSD	1.13237	GBPUSD	1.33192	AUDUSD	0.63912
USDJPY	142.964	USDCAD	1.37934	USDCHF	0.82434

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