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Thread: 5305994 - Simple is the best.

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    Default 5305994 - Simple is the best.

    Few Words:

    First of all I would like to thanks Super Mod Toxic, other Mods, Forum Admin and instaforex for bringing this interesting and exciting but real contest. I am happy to be a part of the contest. And my knowledge and latest experiences of contests in this forum help to me take part in the contest which is real one. I hope and think this contest is going to be a great one and wish all the bests to all contestants. I hope all the forum members will be benefited from the contest in their real trading.

    Account Information:

    Account No. : 5305994
    Investor password : Will be sent to Four Moderators.
    Server : 75.126.17.18:443 (InstaForex-Europe.com)
    Account Balance/Equity : 52$(40$ deposit + 12$ bonus)
    Leverage : Variable but in between 1:1000 to 1:50
    Open Trades : No

    Trading Styles: Scalping, Swing and Binary Option.
    Time Frames: Any preferably M5, M15, M30, H1, H4 and D1.
    Currency Pairs: Any symbol/instrument that suits my plan and strategy.

    Description:

    This is a real contest of good six week length. Without thinking too much I would better concentrate on my usual trading in normal time. But I want to make sure that I don't get stopped out soon. So my strategy will be very simple because I believe simple is the best.

    In this real contest I am not going to use any particular indicator. Rather I will depend on price action and/or naked trading. But certainly I will take help of short term Support-Resistance from candles. I'll try to get few Forex News behind my trade so that I can grab few pips in quick time. Here I am going to try few Binary Option trades as well which is my usual practice too.

    Here are the source of my trading signals.

    Forex News:
    I'll use the link given below for financial news.
    https://www.instaforex.com/forex_calendar.php

    Support Resistance:
    You can learn about it by visiting the link. https://forum.mt5.com/showthread.php?...and-Resistance

    Naked Trading:
    Naked trading is basically trading solely based on price movements and its performance alone. You buy or sell based on what you see in the price.

    Entry and Exit of a trade:

    I have some plans for different types of trading. Here are the short description of these.

    Normal trading
    Depending on the price action and support resistance I'll open my position with initial risk and reward of 2:1. But for short term scalping I might concentrate on small profit closing the trades manually.

    News Trading:
    I'll put some stop orders in both direction. Sell stop or buy stop orders with profit target of 10-30 pips with risk and reward of 1:1 depending on the news quality and impact. I may close the trade manually for booking profit.

    Binary Option Trade:
    In this kind of trade I'll strongly depend on price action of a particular instrument/symbol. It is more likely scalping to me with high risk and high reward possibility.

    Money management:

    As it is long term contest I must focus on money management. I will expose maximum of 5%-10% of my invest in a single trade with a target of 5% or more profit. In order to give more room for trades I might double the length of SL as if I have opened a new position at earlier SL. Similar things can happen to TP if strong trend is seen.

    For option trade I'll use random option value ranging from 1$ to 10$. I can try few higher options if my profit allow me to do it. But I'll make sure it does not exceed 10% of equity.

    Last Words:

    No matter who get the title of Profitable Trader, I wish all contestant with wishes and happy trading. Let's make this forum more resourceful by our posts and trading.




    Final trading statement for our members' learning purpose:

    Name: nkhan2810 Statement.png Views: 1934 Size: 808.2 KB

    to view bigger picture:
    1. open the above picture in new tab,
    2. click to zoom the picture
    Last edited by PhantomTrader79; 25-10-2014 at 12:55 PM.


  2. 17 users say Thank You to nkhan2810 for this useful post.

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  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by nkhan2810     
    Few Words:

    First of all I would like to thanks Super Mod Toxic, other Mods, Forum Admin and instaforex for bringing this interesting and exciting but real contest. I am happy to be a part of the contest. And my knowledge and latest experiences of contests in this forum help to me take part in the contest which is real one. I hope and think this contest is going to be a great one and wish all the bests to all contestants. I hope all the forum members will be benefited from the contest in their real trading.

    Account Information:

    Account No. : 5212326
    Investor password : Will be sent to Four Moderators.
    Server : InstaForex-Europe.com
    Account Balance/Equity : 100$(75$ bonus + 25$ profit)
    Leverage : Variable but in between 1:1000 to 1:50
    Open Trades : No

    Trading Styles: Scalping, Swing and Binary Option.
    Time Frames: Any preferably M5, M15, M30, H1, H4 and D1.
    Currency Pairs: Any symbol/instrument that suits my plan and strategy.

    Description:

    This is a real contest of good six week length. Without thinking too much I would better concentrate on my usual trading in normal time. But I want to make sure that I don't get stopped out soon. So my strategy will be very simple because I believe simple is the best.

    In this real contest I am not going to use any particular indicator. Rather I will depend on price action and/or naked trading. But certainly I will take help of short term Support-Resistance from candles. I'll try to get few Forex News behind my trade so that I can grab few pips in quick time. Here I am going to try few Binary Option trades as well which is my usual practice too.

    Here are the source of my trading signals.

    Forex News:
    I'll use the link given below for financial news.
    https://www.instaforex.com/forex_calendar.php

    Support Resistance:
    You can learn about it by visiting the link. https://forum.mt5.com/showthread.php?...and-Resistance

    Naked Trading:
    Naked trading is basically trading solely based on price movements and its performance alone. You buy or sell based on what you see in the price.

    Entry and Exit of a trade:

    I have some plans for different types of trading. Here are the short description of these.

    Normal trading
    Depending on the price action and support resistance I'll open my position with initial risk and reward of 2:1. But for short term scalping I might concentrate on small profit closing the trades manually.

    News Trading:
    I'll put some stop orders in both direction. Sell stop or buy stop orders with profit target of 10-30 pips with risk and reward of 1:1 depending on the news quality and impact. I may close the trade manually for booking profit.

    Binary Option Trade:
    In this kind of trade I'll strongly depend on price action of a particular instrument/symbol. It is more likely scalping to me with high risk and high reward possibility.

    Money management:

    As it is long term contest I must focus on money management. I will expose maximum of 5%-10% of my invest in a single trade with a target of 5% or more profit. In order to give more room for trades I might double the length of SL as if I have opened a new position at earlier SL. Similar things can happen to TP if strong trend is seen.

    For option trade I'll use random option value ranging from 1$ to 10$. I can try few higher options if my profit allow me to do it. But I'll make sure it does not exceed 10% of equity.

    Last Words:

    No matter who get the title of Profitable Trader, I wish all contestant with wishes and happy trading. Let's make this forum more resourceful by our posts and trading.
    you have a xomprehensive thread here. happy to see that you are in this contest. you are a very good trader that anyone can learn from.
    I Hope to learn a lot from your strategy...Best of luck friend
    IF YOU WANT TO LAST LONG IN THE MARKET THEN APPLY THIS SIMPLE METHOD

    https://forum.mt5.com/showthread.php?86700-The-Splitting-lot-size-Method-of-Trading


  4. 4 users say Thank You to systematicfx for this useful post.

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  5. #3 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Nice thread mate.

    I think yur trading strategy will help us to get some experience.

    Best of luck to you

    Hope success will come to you this time too.
    Welcome To My Blog
    Just One Click May Brings Valuable Info About Forex To You


  6. 4 users say Thank You to nasimuddin for this useful post.

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  7. #4 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    I think that your contest may be an excellent and very good contest. If the participant will work with spending more time and patience then he will win this contest. Beside this, we can learn some new strategy and experience from this contest. Best luck of you and for all the participants who will join here.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  9. #5 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Very nice thread you made bro and you are using some very unique options

    I will surely learn from you in this contest

    All the best

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  11. #6 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Thanks to systematicfx, nasimuddin, Bangler Tiger and Kalex for your comment on my thread. I always try to make things simple. Whatever I am seriously going to trade Binary Options in this contest if I get profit on my trades from normal trading. You know you can't trade binary option using your bonus money. I am doing it for years now, ever since I come to know about it. I have even tried Binary options last month using my bonus account. For reference see below....

    Name: option.jpg Views: 1011 Size: 138.1 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  13. #7 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Nice one Nkhan2810

    With the wide approach to Strategies & Instruments,you might be averaging out the risks and making some coins on the sly

    Good luck out there mate

    Cheers

    The Real Money is in 100% Compounding


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  15. #8 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Great plan with very good MM for a live contest Hope you'll achieve your goals for this contest mate!
    Good luck


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    I have updated your details as per your request.

    Please check and let me know if everything is fine

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    I have updated your details as per your request.

    Please check and let me know if everything is fine
    5305994 - Simple is the best.
    Account Balance/Equity : 52$(40$ deposit + 12$ bonus)
    Thanks Super Mod for the editing in my thread title and thread content. It is absolutely fine. And I am happy that it has been changed so fast. I am really happy that after many ups and downs I am able to take part in the contest. Thank you all.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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