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That trade I pulled out from is in +200 pips now. Its alright, I am personally used to it and I am happy with my +90 pips. Is anyone else still in this? I am just curious.
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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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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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So 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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All ddmarkets trades are closed now. The last 4 signals, USDCHF, USDJPY. GBPJPY and EURCAD made some good money.
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For those that consider joining ddmarkets signals, there are 2 open trades at the moment, both are in a profit with the stop above the entry. If they give any signals its at the daily close so its either later today or on Sunday.
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Originally posted by withnail View PostThanks - I like to trade with the same percentage risk each time, so the difficulty I have is knowing when to reduce it.
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Thanks - I like to trade with the same percentage risk each time, so the difficulty I have is knowing when to reduce it.
Originally posted by Timothy24 View PostI change the positions size form trade to trade so I can't really answer it. Even I try all the trades are still open, I can only answer that once they are closed. They usually write when they take a risk, which is not many times. If I see they write that I usually take a smaller trade if it helps anything. If you have 3 SL that means gold as well. They dont do very well in gold but there were very few trades in it. The same thing happened a few months ago, they got stopped out by a bit and then it went all the way up.
That Sod's law happens to everyone, its alright. My only suggestion is to trade how you want and use their guidelines when you want, that's what I do.
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Originally posted by withnail View PostSod's law but unfortunately I sat this week out whilst I thought about how to trade these signals.... [emoji849]
However, even if I had taken the signals I'm still not sure I would be in profit for March/April. I had three full SLs, and from what I can see there have only been partial TPs in this week's trades so far. Put another way, if you were risking 2% for each of the current signals, would you have made more than 2% from any of them so far?
That Sod's law happens to everyone, its alright. My only suggestion is to trade how you want and use their guidelines when you want, that's what I do.
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All Manual System for Forex and CFD's
Sod's law but unfortunately I sat this week out whilst I thought about how to trade these signals.... [emoji849]
However, even if I had taken the signals I'm still not sure I would be in profit for March/April. I had three full SLs, and from what I can see there have only been partial TPs in this week's trades so far. Put another way, if you were risking 2% for each of the current signals, would you have made more than 2% from any of them so far?
Originally posted by Timothy24 View PostWell, GBPJPY is in over +300 pips now but I am already out. The other 2 trades that are open, one is in +100 pips, the other is in +50 pips. So the total at the moment is something like +450 pips but for me only +150 because I closed GBPJPY yesterday. Like I told you, ddmarkets always recover from losses so far, their worse performance was in September 2014, you can see that in their track record. I hope you made some money out of it withnail and got your MM right.
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Well, GBPJPY is in over +300 pips now but I am already out. The other 2 trades that are open, one is in +100 pips, the other is in +50 pips. So the total at the moment is something like +450 pips but for me only +150 because I closed GBPJPY yesterday. Like I told you, ddmarkets always recover from losses so far, their worse performance was in September 2014, you can see that in their track record. I hope you made some money out of it withnail and got your MM right.
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I dont know how many people use them or whether this will help anyone but I pulled out ddmarkets long GBPJPY now with about +240 pips, its enough for me and there is an interest rate announcement tomorrow in England.
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This is what ddmarkets had to say on eurusd before the gains, interesting read. https://www.ddmarkets.com/eurusd-bul...16-fx-outlook/
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