Patterns Observation.

[chappy]

Hi Don , nice to meet you . Very bold and impressive trading . I'm curious to know if you are adding with unrealized profits or just your initial equity ...Thanks

[Don_xyZ]

Hi Don , nice to meet you . Very bold and impressive trading . I'm curious to know if you are adding with unrealized profits or just your initial equity ...Thanks

Hi chappy. Nice to meet you too.
I add from unrealized profit but I didn't add more as the price went further down.

[Don_xyZ]

It sounds like you might double your account a lot, I think you are in the 1% of the top 1% so a probably a lot.
I know of someone who pulls in about 40k pounds a year trading full time but I suspect you would not get out of bed for that amount.

I think I am beginning to see a pattern that someone has a rigid set of rules can make money but will be capped at a certain amount a year, but it looks easier to obtain success possibly, where as the more fluid flexible trader can make a lot more but it is more of an art, and not everyone makes a good artist, if at all.

About that... there was a discussion in one of the groups that I'm in and they were discussing about the importance of attaching your trading account to mql5.com in the signal section. This is to combat the rampant trading signal scam in the world today where people sell trading signal that they get from other traders, aggregate them, and then sell them in packages. Also those who use other people's trading statement screenshots/vids and then claim that they are the best forex guru in the world. Reason is, mql5's monitoring section will show everything since the beginning of the account up until the very last open/closeed trade with frequent synching and since they are the maker of mt4/5 so there is really no way to cheat their live monitoring system. So since this is the new standard, I followed my friends' advice to put mine there. Well, not all of them. I put the account up for monitoring and just left it like that. I'm not too crazy about monitoring my own account coz I'm not selling anything, no signal, no mentorship, no nothing, right. Just for the fun of following the recent trend Today I returned to my monitoring page and to my surprise I got a warning. Well, 2 of them. Guess what the warnings says?

Screenshot_20230701-121241~2.png

I said to myself, oh ok, maybe I'll tone it down? Not.

FYI, you can attach your trading account there to make it work as signal provider (if you want to sell trading signal to the whole world coz the vast majority of traders still use either MT4/5) or to just make it monitor your own trading performance. Some people are surprised to see that according to the stats, their trading sucks, especially those claiming to be gurus (while I don't think they are traders at all...baby chicks claiming to be T-Rex)

Hey thanks for that, I had not looked into the signal section at all in MT4/MT5.
This opens up an interesting path for a newb such as myself, where I could be an investor with my own funds using a signal service while still coming to grips with trying to make it as a trader.

That statement is probably worse than saying I'm going back to squigglys on Kreslik
Anyway food for thought, cheers.

Yes, there are 2 ways to get this done for free

1. is to attach your account over at mql5.com signal and set it as "FREE" and click the box

Jul. 02 10.25.jpg (10.61 KiB) Viewed 1856 times

This arrangement does not have any limitation.

2. is to use multi-terminal platform that your broker offer. With this though, you are limited to only up to 128 accounts. From my personal experience, I have to say that using this option is better than attaching in mql5.com. However, if you want to link accounts from multiple brokers then the 1st option is the choice as multi-terminal is only available for use in the same broker. Other brokers might not have multi-terminal but they will instead offer MAM or PAMM platform. Also only work for accounts in the same broker.

Hope it helps!

[IgazI]

I'd rather give Pro $1000 to trade for me, and split it 60/40, than use a signal service.

[Don_xyZ]

I'd rather give Pro $1000 to trade for me, and split it 60/40, than use a signal service.

Huh?

That won't even be enough for his weekly burger feasts

[IgazI]

I'd rather give Pro $1000 to trade for me, and split it 60/40, than use a signal service.

Huh?

That won't even be enough for his weekly burger feasts

Sure it is. . .
he just has to use his money to cover the margin =)

[kiwiarian]

I'd rather give Pro $1000 to trade for me, and split it 60/40, than use a signal service.

I had a nosey through some of the signal services, yeah nah, I think there was only a couple that had decent risk management in place. A lot had big gains one month, then big losses the next one. The ones I looked at that had positive months all the time was the one that had good risk management.
I think there be a lesson there.

[Don_xyZ]

I'd rather give Pro $1000 to trade for me, and split it 60/40, than use a signal service.

I had a nosey through some of the signal services, yeah nah, I think there was only a couple that had decent risk management in place. A lot had big gains one month, then big losses the next one. The ones I looked at that had positive months all the time was the one that had good risk management.
I think there be a lesson there.

Just to confirm where I stand with signal service... don't.

I was talking about copying your own account and make it like account cloning service like pro said cpope has been doing with his 20++ accounts. Even though you can still find some decent account to copy over at mql5.com the really good stuff are kept outside of it. I mean, they do it with MAM or multi-terminal. This is where the big money is and unfortunately, they (the account manager/trader) don't expose themselves, they go by word of mouth.

[prochargedmopar]

For those who are still struggling with the mindset, this video might boost your confidence.

This is the starting point.

20 losing DAYS? WTF?
Sounds like this dude needs to tell his students to go for 5 pips. hahahaahahahaah

[prochargedmopar]

For those who are still struggling with the mindset, this video might boost your confidence.

This is the starting point.

Damn, how bout divide by 20 PER ENTRY.
That's 20 entries per "trade".
Go ahead and close everything at -$400, F the $200. hahahaahah
$hit, on 2nd thought, we going all in.
0 is the ONLY WAY OUT.
We taking a W or we takin' an L

It only takes 2 clicks and a minute to move money out of the account.
If it's in the acct. it's RISK capital or it shouldn't be there.