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My Forex Trading Experience

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Old 06-03-2013, 08:51
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Join Date: Feb 2012
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Default My Forex Trading Experience

I started forex trading about 7 years ago, but till date, I have not lost my first deposit like other major forex traders. After 3 months of trading, I decided to stop trading on real account and develop automatic trading system. According to me,manual trading are only for those traders who have a strong nervous system.

I was fortunate to find a mql4 programmer from one popular forum, he developed my first forex robot based on multitimeframe RVI indicator. Robot analyzed nonstandard timeframes, and for this reason it was very unstable. I did hundreds backtest and all backtest was different. We have made about 20 modifications, but my robot was still unstable and for this reason ,I was unable to use it on my real account.

I spent about $9000 and 2 years, before I have received my own fully automated trading strategy. This strategy was based on RVI & channels and was very profitable, but unfortunately brokers decided to increase the spreads for eurgbp and I had to threw my robot into the trash. My tactic now  analyze monitoring websites and find profitable system. Not grider, not martingale, with sl and tp and with real account proof. If its sound interesting for you, then you can read the description on how to analyze monitoring websites here:

http://www.scribd.com/doc/127495979/Best-Forex-Robot.

Next step for any forex trader - launch forex money management service or forex signal service, if you would like to constantly make money. It is not too difficult, if you have a stable earning forex robot or several robots. I also recommend you to read these two articles:

http://www.scribd.com/doc/121977141/...s-Launch-Guide
http://www.scribd.com/doc/127946190/...t-Risk-Control

First one is describing how to launch forex signal selling and money management business. Second, how to copy trades from 3d party accounts and risk control.
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