Originally posted by withnail
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All Manual System for Forex and CFD's
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I disagree - I think results have been very poor since the re-start and, as I said before, I cannot find a suitable way to trade these signals due to MM issues. Risking a fixed percentage per signal has lost me a lot of money over the last month. Reluctantly, I'm out - although I will keep watching from the sidelines.
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Not the best opening after they started again but not the worst, made some pips over their last jpy analysis. Looks like this week they will have a go at GBP.
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Originally posted by withnail View PostThe problem I repeatedly have with this system is one of money management. As has been mentioned before, the stated R:R is skewed because of the partial closures that are taken, so in my experience a full TP almost never happens (but a full SL does). The other issue I have is that they appear to use variable stop levels to manage risk, but I don't really understand how this can be effective unless you're using fixed lots - which seems unworkable given the number of different pairs traded (each with their own pip value).
They say what they do but I am sure there are many traders like me that do what they want.
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The problem I repeatedly have with this system is one of money management. As has been mentioned before, the stated R:R is skewed because of the partial closures that are taken, so in my experience a full TP almost never happens (but a full SL does). The other issue I have is that they appear to use variable stop levels to manage risk, but I don't really understand how this can be effective unless you're using fixed lots - which seems unworkable given the number of different pairs traded (each with their own pip value).
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Looks like they started again 2 weeks. I asked them what was going on and they said they had to temporarily suspend all operations and they apologized for it. They sent a few signals so far, there are 2 open trades.
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A real shame, I liked them a lot. They just stopped sending out signals/responding to emails without any explanation or warning [emoji45]
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Hi.
As I know it doesn't provide signals any more.
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Seems not... I emailed them a few days ago and have heard nothing. Normally they respond very quickly.
Originally posted by alazarus View PostIs ddmarkets still operational? I signed up with them a week ago and have received no confirmation or trade alerts...
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Is ddmarkets still operational? I signed up with them a week ago and have received no confirmation or trade alerts...
Originally posted by Timothy24 View PostI didn't think about the time zones but yes. They usually give the signals at the daily close, some times after the London fix. The updates they send are usually throughout the US session, some updates are in the European session. I don't know if you are still in but there are 3 trades open, total profit it of all is about +300 pips. I agree $10k or more will give you a good start if you don't want to over-leverage.
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what lot size for each trade if the account will be 10k$ as suggested?
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Originally posted by beaumz View PostHi Okda,
Personally I only like to use 1% risk per trade, however you could go up to risking 2-3% per trade if you are comfortable with that. They measure their performance in pips so there is no solid set risk just a RR ratio for each trade idea, for example they will say a particular trade idea is 1:3 return or 1:5, longer term swing trades that require a few hundred pip stops. You have to manually enter the trades yourself on your account this is not a connected signal to the simpletrader network. It's a good service that you can try out for a month or 2 see how it fits into your own trading. Your own timezone is important too as i miss a few signals as i am asleep during new york session. It would be best to use if you are mainly awake for whole of london and most of new york session. Balance wise will have to be min 10k+.
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Hi Okda,
Personally I only like to use 1% risk per trade, however you could go up to risking 2-3% per trade if you are comfortable with that. They measure their performance in pips so there is no solid set risk just a RR ratio for each trade idea, for example they will say a particular trade idea is 1:3 return or 1:5, longer term swing trades that require a few hundred pip stops. You have to manually enter the trades yourself on your account this is not a connected signal to the simpletrader network. It's a good service that you can try out for a month or 2 see how it fits into your own trading. Your own timezone is important too as i miss a few signals as i am asleep during new york session. It would be best to use if you are mainly awake for whole of london and most of new york session. Balance wise will have to be min 10k+.
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Originally posted by beaumz View PostYep there was a great short that has made me break even. Taking partial profits throughout the life of the trades is a sound strategy but imo you need a decent chunk of capital to make it worthwhile with this service. Think i might halt trading till jan to wait for better market conditions.
thanks in advance
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