account info: 1:400 leverage starting balance- 250 strat- basic price action, with custom indicators signaling trend (no fundamental analysis used as of yet, soon to be implemented) markets traded- gbpusd & usdchf *no counter-trend trades or trading in ranging market* price action- basic support/resist trading custom indicator- compilation of mainstream indicators (cci, rsi, adx, moving averages, pivots, etc) many profiles used: overview, etc... mostly 30 min charts with 5 min chart for entry exit trading hours- ~1am-3pm -6gmt (note I go to school from 5am-12:30pm but I still make trades or watch fx as much as I can as my school has wifi and I bring my laptop) platform- mt4 money management: simple use of excel & basic moneymagement rules, however more risk than conventional 2,3% risk trade is used pyschological mindset- think of trading as a game (easy as I am demo'ing, but trying to reinforce when I make the move to live forex trading), trade in the same location, mindset, etc... or rather be in mood when trades were successful trader info: new to forex demo trading for 2 weeks (getting familiar with trading platform and forex trading) total time studying forex- ~1month+ demo trading- 2 weeks demo trading with newly implemented strat- Since monday 10.10.05 age- 18 objective: Become a proficient trader, trading part time (school) so I do not have to get a normal mundane part time job Which would work out nicely as I can trade wherever I can get an internet connection, and basically im at school or at home during times I trade. This means I can trade, do my homework/study all from home/school, hell that is what I do now demo trading reading or typing up something on word and change windows between that and mt4 ------------------------------------------------------------------------------------
As of 10.11.05: New strat implemented 10.10.05: Balance Start: 250 Balance as of 9:40 -6gmt 10.11.05: 375.5 p/l: 125.5 avg pl/day: 62.75 23 trades w/l trades: 16/7 w/trade %: 69.6 l/trade %: 30.4 avg pips w/trade: 13.57 avg prof w/trade: 15.598 avg prof l/trade: -9.61 ------------------------------------------------------------------------------------ *sidenote* Equity curve had been eratic starting at trade #10 but has stabalized Ive been trying to save detailed statement from mt4 but it has not been saving for some reason, anyone know why? Pls pm if you have a solution for this problem.