Now i use only Viper x3, but later will use Viper x2+Trusted x2+TradeAlerter x0.5-x1+Amplified x0.5-x1.
I think it's good mix.
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I'm currently only running two signals from forexsignals.com:
Viper at risk 1.0
Smart scalper at risk 0.5
On top of that I run a number of futures strategies and one options strategy ... my target is 0.5 % a week but of course I take anything I can get
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Just trying to help.
It would matter because if the others are grid or martingale or same style trading same pairs then you may get a margin call if 3 of them hit drawdown at same time.
Imo having Smart on the account with 0.25 will be no problem unless your other signals are risky.
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I haven't completely decided on which 4 yet. But if each is being traded at only 0.25 risk, why would it matter? If I have a $20,000 account, trading 4 signals at 0.25 risk each, that's the equivalent of having four $5000 accounts trading one signal each.
I agree it *would* matter if I were trading them at say 1 x risk each on the same account. If there were strongly correlated signals in the mix, that would certainly increase the risk of large drawdowns.
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Hi Nick,
Back in November you said "The signals to keep on an individual account are Smart Trader, Ping's EA and Pendulum. Everyone else works well together."
Can you elaborate on why Smart Trader should be kept on an individual account? I was planning on trading 4 signals (including Smart Trader) on one account, each with a risk setting of 0.25. That should be fine from a risk perspective, shouldn't it?
Thanks ...
Originally posted by Nick View PostGreat thread Pearcey.
Most of the signals will work well in conjunction with each other.
The signals to keep on an individual account are Smart Trader, Ping's EA and Pendulum. Everyone else works well together.
Every trader on the site trades a fairly different strategy, so the chance of correlated drawdown from having 2 signals on one account is pretty slim.
My preference for is to always to run a separate account for each signal, it's the safest way to do it and makes it easier to track performance.
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haha yeah Eric i did have a few.
down to just 3 now and one account.
SFSgrid vault margin called - well the master account did,
i counter traded and got out with a 9% profit for the year, was sad to see gbpusd retrace so far as i would of exited with 103% of equity if i held in..but too many times ive been burnt in the past where ive removed the hedge at profit, the market has then been kind enough to retrace just enough to get out, and i dont take it, it then never returns, its safe to say this time when i saw i was just above BE erasing 25% of gains at that point i took my capital and RUN. considering when saving my account i had 0.72 in loosing sell positions and i hedge/counter traded 1.2 lots i only stepped in when my equity dropped to $36 remaining before MC, this is on a $1230 account, to say i got out is a mircale,
i have now asked for a withdrawal and will invest that into my main ic market account
was a fun few days thurs/friday, an then staying up all night sunday into monday in "trying to rescue" my account mode,
All in all im happy to be out, an im finished gambling with the blooming martingale strategy's no matter how "hybrid" they areLast edited by dupapa; 02-18-2014, 12:31 PM.
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Originally posted by dupapa View PostWell, quite alot has changed since i posted, i have lost quite a bit of capital this month, but lets hope moving forward this can turn around
IC Markets ECN with the following,
Smart Scalper - 1x risk - nov 13 - cancelled and reduced to 0.2 risk i.e 0.01 trades only until expiry - not sure might take this up in a month again
Fx Viper - 4x risk - nov 13 - same as before - nothing to report - see myself sticking for whole 2014
Smart trader 1 x risk - jan 14 (lot multiplier of 1) - moved onto ecn account so i can leave SFSgrid full margin requirement - i plan also like viper to keep this one for whole 2014
i have a 2nd ic markets ecn that has now been CLOSED
i have a 3rd ic market account but this one is not ECN
high return 1 x risk - dec 13 - cancelled - tied to an account until expiry - as reborn likely to take up in future but need to clip outgoings atm
i have an ibfx mini account
SFS GridVault - 3x risk (4x risk would be correct for my account balance but set to 3x's so that i can breath a bit more
cancelled and not currently connected/discontinued
Ambush trader 1 x risk - jan 14 [I]cancelled, will never ever pick this one up again, ill pick my words carefully so i dont get banned for what i write, one word, cowboys,
turtle forex high risk - 1 x risk nov or dec? 13 - cancelled, where is this trader??, reason to cancel is im paying an outgoing without a trader to be seen
reborn @ 0.2 lot multiplier, (2 x risk) - dec 13 - cancelled - again like TA, likely to take up again in future
SFS Power Grid 0.5 risk - dec 13 exchanged products - risky as grid but guess i like a lil gamble here an there... - i have now cancelled this so i can move onto a new product from them shown above
lets see how the first quarter of the year takes us...
..
Smart Trader Good choice.
FX VIPER Good Choice - SLOW.
..
Your other choices haven't heard of a few of them.
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Well, quite alot has changed since i posted, i have lost quite a bit of capital this month, but lets hope moving forward this can turn around
IC Markets ECN with the following,
Smart Scalper - 1x risk - nov 13 - cancelled and reduced to 0.2 risk i.e 0.01 trades only until expiry - not sure might take this up in a month again
Fx Viper - 4x risk - nov 13 - same as before - nothing to report - see myself sticking for whole 2014
Smart trader 1 x risk - jan 14 (lot multiplier of 1) - moved onto ecn account so i can leave SFSgrid full margin requirement - i plan also like viper to keep this one for whole 2014
i have a 2nd ic markets ecn that has now been CLOSED
i have a 3rd ic market account but this one is not ECN
high return 1 x risk - dec 13 - cancelled - tied to an account until expiry - as reborn likely to take up in future but need to clip outgoings atm
i have an ibfx mini account
SFS GridVault - 3x risk (4x risk would be correct for my account balance but set to 3x's so that i can breath a bit more
cancelled and not currently connected/discontinued
Ambush trader 1 x risk - jan 14 [I]cancelled, will never ever pick this one up again, ill pick my words carefully so i dont get banned for what i write, one word, cowboys,
turtle forex high risk - 1 x risk nov or dec? 13 - cancelled, where is this trader??, reason to cancel is im paying an outgoing without a trader to be seen
reborn @ 0.2 lot multiplier, (2 x risk) - dec 13 - cancelled - again like TA, likely to take up again in future
SFS Power Grid 0.5 risk - dec 13 exchanged products - risky as grid but guess i like a lil gamble here an there... - i have now cancelled this so i can move onto a new product from them shown above
lets see how the first quarter of the year takes us...Last edited by dupapa; 01-27-2014, 12:13 AM.
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Joined the site around october i think,
found this site via silent specialist, we all know the story there...
i then tried Forex junkie just before his big DD, as i was already licking my wounds i couldn't face more immediate risk of big losses so sadly forex junkie got the boot and i manually closed trades,
At this point in time i have one IC Markets ECN with the following,
Smart Scalper - 1x risk - nov 13
Fx Viper - 4x risk - nov 13
TA - 1 x risk - nov 13
Ambush trader 1 x risk - jan 14
i have a 2nd ic markets ecn that has
reborn @ 0.2 lot multiplier, (2 x risk) - dec 13
high return 1 x risk - dec 13
i have a 3rd ic market account but this one is not ECN
turtle forex high risk - 1 x risk nov or dec? 13
i have an ibfx mini account
SFS Power Grid 0.5 risk - dec 13
Smart trader 1 x risk - jan 14 (lot multiplier of 1)
all my accounts bar the ibfx account are minus growth at the moment , i hoping 2014 turns this around, i am still in a testing phase so i am watching closely until feb. ive burnt maybe a $2000 hole in a 6k ish bucket this attempt at following signals, and mostly due to be over leveraged/too high risk . Im learning, my account sizes have now doubled and risk halved.
its good watching the accounts as i like to learn
Thought id share
[edit added the start dates]Last edited by dupapa; 01-07-2014, 11:17 PM.
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Originally posted by RogerM View PostHey Guys,
I've spent the day researching LittleFish and I'm satisfied that they are an entirely bona fide company of the highest quality. Their RTAS system is based on very sound and intelligible foundations and we are going to open a subscription.
It is expensive and therefore not viable for smaller accounts without amplifying risk.
As promised, I've retracted my former comments now that I am convinced they are certainly not cowboys.
Cheers
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Hey Guys,
I've spent the day researching LittleFish and I'm satisfied that they are an entirely bona fide company of the highest quality. Their RTAS system is based on very sound and intelligible foundations and we are going to open a subscription.
It is expensive and therefore not viable for smaller accounts without amplifying risk.
As promised, I've retracted my former comments now that I am convinced they are certainly not cowboys.
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@Pearcey:http://www.myfxbook.com/members/Fore...-manual/772517
@Roger:
Part 3 in the Littlefish video series on Simple Trading Strategies focuses on Order Book Trading, featuring our own Littlefish FX RTAS System. Watch it here...
Merry Christmas and happy new year for both of you!
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I think they can keep it up to be honest. Trading against the retail traders certainly does seem to be profitable! Haha
Reborns regular signal doesn't do it for me. I think most of his money was made in the first couple of weeks and has been pretty flat after that (from what I remember I'm not at my computer right now)
The high return signal is good but like I mentioned above, getting good entries is a little difficult for me. Are you getting slipped much on it? Most of my other signals I'm getting overall positive slippage, it's just this one!
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