All ddmarkets trades are closed now. The last 4 signals, USDCHF, USDJPY. GBPJPY and EURCAD made some good money.
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I'm still not at all convinced it is possible to make money from this signal (and that comes from someone who has been running it for almost a year).
To give an example, it looks like we are about to hit another SL on the EURGBP trade. If so, I will lose 93 pips. On the recent EURCAD trade, I made 100 pips. On that basis, and looking at their performance page, one would assume that I would end up in significant profit after those two trades. The reality, however, is that those 100 EURCAD pips added 0.4% to my account, but if we hit the SL on the current trade, I will lose 3% (as it's a full SL). In short, their performance page, and their stated r:r for each trade is absolutely meaningless, and every time a SL is hit, it takes 4 or 5 winning trades (which are effectively partial closures rather than full TPs) to break even.
I would love this signal to work for me but I genuinely don't see how it can.
EDIT: SL just hit on EURGBP trade.
Originally posted by Timothy24 View PostSo far a couple of trades are running. The best trade this month was the long GBPJPY that they made over +200 pips. I closed it early but I am still happy.
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Originally posted by withnail View PostI'm still not at all convinced it is possible to make money from this signal (and that comes from someone who has been running it for almost a year).
To give an example, it looks like we are about to hit another SL on the EURGBP trade. If so, I will lose 93 pips. On the recent EURCAD trade, I made 100 pips. On that basis, and looking at their performance page, one would assume that I would end up in significant profit after those two trades. The reality, however, is that those 100 EURCAD pips added 0.4% to my account, but if we hit the SL on the current trade, I will lose 3% (as it's a full SL). In short, their performance page, and their stated r:r for each trade is absolutely meaningless, and every time a SL is hit, it takes 4 or 5 winning trades (which are effectively partial closures rather than full TPs) to break even.
I would love this signal to work for me but I genuinely don't see how it can.
EDIT: SL just hit on EURGBP trade.
About the risk ratio, it is the risk ratio at the beginning of the trade and it is downsized based on profits and technical levels. Like I said before, I pretty much do what I want, all I care about is the entry. One more thing, they are ok with commodities and indices but not as good as forex.
I am adding this, take every trade they give. I know you missed their best trades this month. I take every single trade but like I said I change the lot size depending on the strategy they give.Last edited by Timothy24; 04-22-2016, 07:17 AM.
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No - I cancelled my subscription a day or two ago. Which trade are you talking about? As I mentioned, the number of pips is pretty much meaningless from my perspective..
Originally posted by Timothy24 View PostWithnail, are you in this trade? Its over +300 pips now. I didnt re-enter but +90 pips is fine with me.
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Originally posted by withnail View PostNo - I cancelled my subscription a day or two ago. Which trade are you talking about? As I mentioned, the number of pips is pretty much meaningless from my perspective..
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Ah, ok. I got the emails but not the alerts themselves, as my subscription ended yesterday. Anyway, good luck, I hope the signals continue to work out for you - I'll be keeping an eye on things over the next few months.
Originally posted by Timothy24 View PostI see, that's fine then. The one from yesterday, after the daily chart closed. They gave 3 entries for 3 different pairs and only took one. They were right on all three. I dont usually write trades that are open because its not fair to them but I guess because the stop already moved (they emailed on this, I am already out), they went long in GBPNZD from 2.0711.
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Originally posted by withnail View PostAh, ok. I got the emails but not the alerts themselves, as my subscription ended yesterday. Anyway, good luck, I hope the signals continue to work out for you - I'll be keeping an eye on things over the next few months.
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Just updating ddmarkets decided to pull out GBPNZD, just over +400 pips. Like I said, I made less but I am fine with that, it happened to me a few times before already but I would rather get profits when I can. They gave a new trade yesterday. They dont have many trades open at the same time, they usually start with one.
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That last trade I updated was in gbpcad. They moved the stop above the entry and took some partials when it was in a nice profit. The market took out the stop so some profit was made. There is one trading open now.
They were going to short usdjpy earlier this week (sunday night) but they didn't. They thought about shorting it on Wednesday night but they didn't go for it. This was their reason for shorting usdjpy, they published it on Sunday, worth a read https://www.ddmarkets.com/the-weekly...ding-strategy/
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