Can these results continue?

[dillonjersey]

I’ve been trading Forex for about six months with not much success so decided to purchase this “Hybrid Trading System from ForexConductor. My net profit is $1192.76 for since I started using it in May.

Can get some advice on if I should continue with or service or take my profits and smile.

I excited by I also want to be see my profits. Any suggestions? This program seems to work.

 

[Romeo]

Money management

There are many issues you have to combine, in order to decide how to proceed. The only reference I have is the statement they uploaded on their website.
The first thing I can see there is that there is no money management. They use the same lot size on a $2.000 and $20.000 equity. Their largest lost was about $500. What if you get two of these losses in the first three days? Then you are losing 50% of your equity.

What are your risk settings? (What is the account size and what is the lot size you are trading?)

Every system has a DD eventually. According to your risk settings, it might destroy your account or it might just reduce your profits.

I would suggest you take some of your profits and think very well how to optimize your money management.

 

[Pharaoh]

You say you've been using this since May. This is May. Can you be more specific.

Let's see. One post wonder talking about the great success of a commercial system outside the commerce zone and making a post that doesn't quite make sense. Can a "click here to buy" link be far behind?

Let me go way out on a limb and assume that maybe this isn't a spam in progress. With any system, don't start planning your retirement on the first few days or weeks results. Even a very bad system will typically have a winning streak. Unless you are trading microlots or nanolots, any new system should be tested on demo for at least a month (probably longer) before risking it on real money.

As Romeo pointed out, check that drawdown. I can design a very profitable system for you in 2 minutes if you don't want to worry that it will wipe you out sometime in the first few days of trading.

 

[geoffrey]

Dont Be In A Hurry

It is good to take your time and not to be in a haste. Take time to learn more and even see what the market will be like in few moments.

 

[dkami]

Any profits a good profit

Go on take the money and run WooHooHoo go on take the money and run

 

[Romeo]

Any profits a good profit

Go on take the money and run WooHooHoo go on take the money and run

Of course any profit is a good profit!

Let's say he takes the money. Then what? Stop trading?

 

[dkami]

Of course any profit is a good profit!

Let's say he takes the money. Then what? Stop trading?

"Stop trading" Well that's up to old mate, but what i say is take the profit:nerd: its better to play FX with profits and take out initial balance as soon as you can well that's how i play this game called FX but each to there own

 

[Pharaoh]

There's no real reason for conflict between taking profit and growing your account. Withdraw 1/2 of your profits every so often.

 

[dillonjersey]

I going to let it run

I appreciate all your comments. I think i going to let the profits run.

 

[Romeo]

I appreciate all your comments. I think i going to let the profits run.

Any update?