Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to Thread
    Page 90 of 97 FirstFirst ... 85 88 89 90 91 92 95 ... LastLast
    Results 891 to 900 of 965

    Thread: MartyFish 3 in 1 Trading System Journal

    1. #1
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,802 Times in 456 Posts

      Default MartyFish 3 in 1 Trading System Journal

      Spoiler Spoiler:


      As, Most of you know here that I trade a limited number of pairs i.e I trades in only GN & EN and mostly they both moves similar thus helps me in confirming my signals because a bull signal on GN should also cast a bull signal on EN.

      Now, as I trade limited numbers of pairs, so i needs to trade almost every opportunity that the pair is giving and for this I am using 3 different strategies or 3 different kinds of entries/setup to catch them efficiently.

      And, instead of using 3 different kinds of strategies seperately or independently & hopping from one strategy to other, I have merged them all together into a 1 system with which I can trade all these 3 strategies & take all these 3 types of entries/setup through it efficiently with keeping it as simple and less complex as possible.


      *My Entry :-


      1. Reversal Trading Strategy :- For Reversal Setups, I would be using Channels, Trendlines & sup dem zones to find the high probability areas from where a reversal can take place.

      2. Pivot Point Trading Strategy :- For this kind of Setups, I would be using Weekly & Monthly Pivot levels and will be using Price Action, BB(20,2) & signal candle (whose open is above/below a pivot level & whose close is below/above that pivot level).

      3. Trend Following Trading Strategy :- For Trend following / Trend continuation Setups, I would be using 2 GMTS matrix's H4 & Daily. The GMTS matrix shows Trend, Momentum, Strength & Sentiment as per the price action all 4 red means a bearish signal, all 4 blue means a bullish signal. Apart from GMTS matrix I will be using BB(20,2) & price action to take my trend following / trend continuation entries.


      *Note:-

      1. All my entries will be taken from H1/H4 and I would be using H1,H4,DAILY & WEEKLY Multi-timeframe analysis to make crucial decisions.

      2. I won't trade any of my 3 strategies setup against the GMTS Daily Matrix Signal. I would trade only in the direction of GMTS Daily Matrix Signal or would trade if there is No Clear Signal in GMTS Daily Matrix.


      *My Stop :-

      All my trades will have a fix SL & no trade will be opened without a SL. All my SL's will be placed above/below previous swing low & previous swing high.

      *My Exit :-

      My Exit would be determined using trendlines projections, Opposite Channels, sup dem zones or Pivot Levels. Apart from that I would be moving My SL to breakeven once the Price moves certain amount in profit & would also activate a trailing stop once the Price reaches near my target zone.


      *My Risk : Reward Ratio :-

      1. For Reversal Trading Strategy :- My R:R would be highest 1:3+

      2. For Pivot Point Trading Strategy :- My R:R would be 1:1 or lesser.

      3. For Trend Following Trading Strategy :- My R:R would be 1:2 or lesser.


      *Money Management :-


      1. For Bonus Account :- I would be risking 5% on a setup, till next 10 setup & after 10 setupI would re-calculate my 5% lot size.

      2. For Real Account :- I would be risking 2% on a setup. till next 10 setup & after 10 setup I would re-calculate my 2% lot size.

      After every loss, I would stop my trading and won't continue until I find my mistake & find a solution and a better way to counter/avoid that mistake & avoid taking such entries.


      *My Goals :-

      Just trade with following all my rules, trading plan & thrive to become better & better with every passing trading week. No Goals for monetary gains, only goal is to become the best possible me.


      *My 3 in 1 Trading System Charts :-








      P.S :- To Refer My This 3 in 1 Trading System, You can start referring my Journal since this Post http://forum.mt5.com/showthread.php?...1#post12688327. As, My Journal goes on, I will post my these 3 types of setups or entries accordingly which will give more insights about how I trades this system.

    2. #891
      Forex in the blood
      I am:
      ----
       
      Neriah is a splendid one to behold Neriah is a splendid one to behold Neriah is a splendid one to behold Neriah is a splendid one to behold Neriah is a splendid one to behold Neriah is a splendid one to behold Neriah is a splendid one to behold Neriah's Avatar
      Posts
      243
      Accumulated bonus
      104.36 USD (What is this?)
      Thanks
      997
      Thanked 849 Times in 177 Posts

      Default

      This should be fun, please someone should shift for me, I guess this movie we are about to see will be a very interesting one, I am thinking it to be a thriller packed with some real action that will keep the viewers glued to the edge of their seats, can someone share popcorn with me, it's fun that way just kidding Heheheheh, I wish you a wonderful experience as you try your hands on a new strategy and I hope that you will learn a lesson or two from this decision you have taken, may the force of the market be with you.

    3. <a href="http://www.mt5.com/forex_humor">‘ÓūŚÍŮ ÔÓūÚŗŽ</a>
    4. The following 3 users say Thank You to Neriah for this useful post.

      MartyFish (02-14-2018), Oghale (02-15-2018), simisola (02-14-2018)

    5. #892
      I just can't quit pips!
      I am:
      ----
       
      sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark has a brilliant future sonibark's Avatar
      Posts
      5,447
      Accumulated bonus
      1166.54 USD (What is this?)
      Thanks
      591
      Thanked 1,538 Times in 777 Posts

      Default

      Yes, it is horrible to risk 20% per trade & that is why I have mentioned in my post, Don't try this, unless you can afford to lose your capital.
      risking 20 percent per trade is very horrible and if there is another word to replace this, yes i found one word, i think its suicider to risk 20m percent per trade, most especially when we dont have more than 200usd as a trading capital, it simply mean s we are just toying around with our capital and this is a very wrong idea to trade, we need to risk less to be able to enjoy trading in the forex market

    6. The following 5 users say Thank You to sonibark for this useful post.

      MartyFish (02-14-2018), Unregistered (4)

    7. #893
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,802 Times in 456 Posts

      Default

      Quote Originally Posted by Neriah View Post
      I wish you a wonderful experience as you try your hands on a new strategy and I hope that you will learn a lesson or two from this decision you have taken, may the force of the market be with you.
      Strategy is same as discussed in this journal just trading parameters are different i.e from 2-5% of risk per trade, I will be using 20% risk per trade.


      Quote Originally Posted by sonibark View Post
      risking 20 percent per trade is very horrible and if there is another word to replace this, yes i found one word, i think its suicider to risk 20m percent per trade, most especially when we dont have more than 200usd as a trading capital, it simply mean s we are just toying around with our capital and this is a very wrong idea to trade, we need to risk less to be able to enjoy trading in the forex market
      yes it's suicidal & yes you all can see & enjoy the live telecast of my suicide

      Guess, what, I have now finally got a name for my this project "My Suicide Project".

    8. The following 6 users say Thank You to MartyFish for this useful post.

      Neriah (02-15-2018), NikitaBelle (02-14-2018), Oghale (02-15-2018), simisola (02-14-2018), Unregistered (2)

    9. #894
      Moderator
      I am:
      Cheerful
       
      NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle's Avatar
      Posts
      40,473
      Thanks
      40,479
      Thanked 25,718 Times in 7,324 Posts
       Black Frame Talent: Daily Contest of Demotivators on MT5.com Forum

      Default

      Quote Originally Posted by MartyFish View Post
      I know with my this new challenge I am sounding out a bit insane, greedy & desperate to earn faster. But, I can't do anything about that only time will tell if this challenge was good or bad for me.

      I am not changing the system here. I would be very much trading like I do but with just different parameters instead of 2-5% risk per trade, I am using 20% risk per trade. As in my last 5 months of trading I haven't hit my SL twice in a row & depending on that data I am trading with this parameter, which can extract maximum profit or maximum trading potential out of my trading method/system.

      I won't be loosing $1000 that easily & I am trying this out in a separate real account which I can afford to lose, rest my bonus account & other real account I will be trading normally as usual with 2-5% risk per trade.
      This is good, show us what you got brother, am not here to condemn, but to show you my support as long that $1k is not intended for payment of bills and family needs then go for it! You got a nerve of steel which I never had, am cheering for you!
      Quote Originally Posted by MartyFish View Post
      Strategy is same as discussed in this journal just trading parameters are different i.e from 2-5% of risk per trade, I will be using 20% risk per trade.


      yes it's suicidal & yes you all can see & enjoy the live telecast of my suicide

      Guess, what, I have now finally got a name for my this project "My Suicide Project".
      Your suicide project will last for 6 months bro! And please don't forget the stop loss? hahahaha, just kidding! Good luck! Does it start now? Reserve a seat for me!

    10. The following 3 users say Thank You to NikitaBelle for this useful post.

      MartyFish (02-14-2018), Unregistered (2)

    11. #895
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,802 Times in 456 Posts

      Default

      Quote Originally Posted by NikitaBelle View Post
      This is good, show us what you got brother, am not here to condemn, but to show you my support as long that $1k is not intended for payment of bills and family needs then go for it! You got a nerve of steel which I never had, am cheering for you!
      No, it's not intended for payment of bills or family. It's coming from my bitcoin reserve which I can afford to lose. It's not a random project, I am planning on it for atleast more than 6 months now & if you would refer my earliest post in this forum, then you will come to know that i have mentioned about this project way back 5 months before, here in this forum.

      And, I am doing it now, because I feel ready & feel that i can do justice to my plan.

      Quote Originally Posted by NikitaBelle View Post
      Your suicide project will last for 6 months bro! And please don't forget the stop loss? hahahaha, just kidding! Good luck! Does it start now? Reserve a seat for me!
      How you can say that it will last for 6 months? any logic

      Yes, my every order will have a fix stoploss always.

      Yes, it has already begin, I am waiting for my first setup, as soon as i get it I will pull the trigger & the showdown begins.

    12. The following 3 users say Thank You to MartyFish for this useful post.

      Oghale (02-15-2018), simisola (02-14-2018), union12 (02-15-2018)

    13. #896
      MT5 Resident
      I am:
      Happy
       
      penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir has a reputation beyond repute penuelophir's Avatar
      Posts
      5,862
      Accumulated bonus
      2047.23 USD (What is this?)
      Thanks
      2,007
      Thanked 4,012 Times in 1,506 Posts

      Default

      Strategy is same as discussed in this journal just trading parameters are different i.e from 2-5% of risk per trade, I will be using 20% risk per trade.
      Don't you think risking 20% each time is too much for your account balance which is just $1000? Do not be offended that I asked you this question but I am just curious to know your rational behind taking such huge risk, because I believe that when we risk according to the size of the account then we are good to good.
      Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
      If you do not take control of your risks then you lose control of your trades

    14. The following 5 users say Thank You to penuelophir for this useful post.

      MartyFish (02-14-2018), Oghale (02-15-2018), simisola (02-14-2018), Unregistered (2)

    15. #897
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,802 Times in 456 Posts

      Default

      Quote Originally Posted by penuelophir View Post
      Don't you think risking 20% each time is too much for your account balance which is just $1000? Do not be offended that I asked you this question but I am just curious to know your rational behind taking such huge risk, because I believe that when we risk according to the size of the account then we are good to good.
      The Objective behind using such high risk in a $1000 account is none but only to grow that $1000 into something bigger & as fast as possible.

      I don't know I will be successful at it or not but i want to try it. I have been planning & working on this plan for a long time, on paper & on backtest the plan looks good & if it turns out the same in live trading then I would surely make this $1000 into something big like $10,000, that's the objective.

      If not then I will lose some part of $1000 may be 50% or 80% of it but if I succeed I would surely be making bigger amounts, now it's to be seen how this works out in a live market with real pressure.

      It's My Trading Skills vs The Market, if I have the needed skills then I will win, if not then as always Market will win.

    16. The following 4 users say Thank You to MartyFish for this useful post.

      simisola (02-14-2018), union12 (02-15-2018), Unregistered (2)

    17. #898
      MT5 Resident
      I am:
      Happy
       
      balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut has a brilliant future balut's Avatar
      Posts
      5,762
      Accumulated bonus
      1754.28 USD (What is this?)
      caught pokemons
      1 (What is this?)
      Thanks
      1,250
      Thanked 1,528 Times in 557 Posts

      Default

      Quote Originally Posted by MartyFish View Post
      It depends on my performance.

      With 20% risk per trade, with 1:1 r:r trades, it will take just 5 consecutive trade wins to make a 100% return or just 1 good trade of 1:5 r:r, or 10 consecutive winning trades of 2:1 r:r.

      It can take 1 trade, 3 trades, 5 trades, 10 trades, 20 trades or even more.

      Though, my average number of taking trades in a month is around 4-8 trades per month. So, depending on that if I perform above average it should take less than 2-3 months to hit $2000+ capital level or a 100% return.
      20% risk per trade on a $1000 balance (real account and personal money) and that is a whooping $200.
      I can only do this to my bonus account but not on my hard earned money as deposit. Either you have some balls of steel or just have enough money to spend trading. I'm also excited to your future result and I'm going to monitor your progress. Good luck!

    18. The following 6 users say Thank You to balut for this useful post.

      catfish007 (02-14-2018), MartyFish (02-14-2018), Oghale (02-15-2018), simisola (02-14-2018), Unregistered (2)

    19. #899
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,802 Times in 456 Posts

      Default

      Quote Originally Posted by balut View Post
      20% risk per trade on a $1000 balance (real account and personal money) and that is a whooping $200.
      I can only do this to my bonus account but not on my hard earned money as deposit. Either you have some balls of steel or just have enough money to spend trading. I'm also excited to your future result and I'm going to monitor your progress. Good luck!
      yes 20% risk per trade on $1000 is $200 that's whopping. But, the setup I take will be from higher timeframes. So they would definitely need a stoploss of around 100-200 pips which means at max I would be trading a maximum of $2 per pips & on average I will be trading $1 per pips, which is not that risky & not that big of a lot size.

      I don't see the difference between bonus money & real money, both are capital for me & shouldn't make much difference.

      The 20% risk per trade is making me look insane or rich enough to just play with it & have fun, but it's not like that. I would try my best to protect my $1000 capital period.

    20. The following 6 users say Thank You to MartyFish for this useful post.

      catfish007 (02-15-2018), union12 (02-15-2018), Unregistered (4)

    21. #900
      FX Vampire
      I am:
      Fine
       
      catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007 has a brilliant future catfish007's Avatar
      Posts
      1,797
      Accumulated bonus
      489.54 USD (What is this?)
      Thanks
      749
      Thanked 1,603 Times in 639 Posts

      Default

      Quote Originally Posted by balut View Post
      20% risk per trade on a $1000 balance (real account and personal money) and that is a whooping $200.
      I can only do this to my bonus account but not on my hard earned money as deposit. Either you have some balls of steel or just have enough money to spend trading. I'm also excited to your future result and I'm going to monitor your progress. Good luck!
      If you are afraid to risk high in the market, you will not be making much money as well. With what the trader has said, it is a bit high though, but when you have a good trading system you are playing with, you would realize that you will not lose that money. There are many traders here that has more than 75% winning strategy, and with this kind of trading strategy, i am sure that the trader will not lose all that money when they are applying the right risk management with what they are doing.

    22. The Following User Says Thank You to catfish007 For This Useful Post:

      MartyFish (02-14-2018)

    Reply to Thread
    Page 90 of 97 FirstFirst ... 85 88 89 90 91 92 95 ... LastLast

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts