for anybody who would care to check out my detailed money managemetn plan to reach a million dollars...please check out the attached link of my bat trades from team aphid. the last post posted today has a detailed plan of how to get there.

My Journey to a $1,000,000

Folks sorry for not being able to update this thread this week. been busy this week. next week I will try to post the trades real time. This week's summary: Overall, this week has been great. I am at $5000 account balance now for this strategy, ...

My Bat from team aphid trades

Yes, I agree with you Josh. I guess as long as you have backtested it with your discretionary analysis...its ok to trade that way. sometimes, I am too emotional when i see too many pips.....thats why I try to follow strict rules. discretion is not ...

NFP System - Backtest data provided

That sounds like a good idea...I will backtest it.

NFP System - Backtest data provided

couldnt agree with you more.....anytime you enter almost any trade, there would a reason not to trade it...S/R , trendlines, candlestick formations, MACD etc etc...

NFP System - Backtest data provided

Well nobody is talking about blindly buying and selling.......I am following rules of this system. second of all, about not using the brain, you are not supposed to make discretionary decisions when trading mechanical system. [/quote] Remember that ...

NFP System - Backtest data provided

I reviewed the original file for this issue, and its not that clear.

NFP System - Backtest data provided

Wait a sec, I thought initially the stop would be 100 pips, once the first trade has closed for 50 pips profit and second is moved to break even, then only the Moving average stop comes into effect? which one takes precedence?

NFP System - Backtest data provided

I know, well the second chance hasnt been blown yet....and even if it does,2 trades is not a big deal. it kind of worries me a bit though wiht its 80% accuracy published.

NFP System - Backtest data provided

mj84, look at Bat by team aphid thread...I really like that system.

7 Keys To Choosing A Good Forex Trading System

Here is the trade summary for last couple of days Long Entry 1.9943 original stoploss 1.9915 05/08 0300 GMT Stopped out for 17 pips loss at 1.9926 No fib level trades taken bcoz it breached 161 level first. Short Entry 1.9939 05-08 1100 gmt stopped ...

My Bat from team aphid trades

Ok makes sense. I will adjust my backtest results accordingly.

The Bat...a strategy by Team Aphid

I do use Parlay type system where i do increase the lot size after some increase in account balance.

money management: gaming strategy

THE ISSUE OF CORRELATION: I just thought i woudl share something I learned from a book. its the issue of correlation. I believe it was market wizards, and one of the trader had mentioned they use computer analysis to determine the correlation ...

My Bat from team aphid trades

Thanks for your kind words Mr Trend. I am just beginning to see some fruits of my hardwork. and it feels good. I am not a full time trader yet, but I hope to be one soon.

My Bat from team aphid trades

Backtesting done right — I am doing backtesting for Bat strategy from 2004 Jan, till today. in my previous backtests, I have never included account balance and money management. it was always just percentages or pips. But I realized that to ...

My Bat from team aphid trades

Another trade closed just now.... Long GBPUSD entry 1.9902 05/04 1300 gmt Stopped out at 1.9935 Account balance - $1041.1 I hope I get my 125 dollars in profit this month so that I can move on to level 2 of my money management ladder.

My Bat from team aphid trades

oh ok. Good thing it doesnt make a whole lot of difference in this case. I am alreayd in a trade at 1.9970 according to the original rules fo the system. Already down about 40 pips. I hope it works out well.

NFP System - Backtest data provided

Hello Team Aphid, I have a question for you. please review attached chart. I was trying to backtest your strategy all the way from 01/2004. now something interesting happend on 9th march 2004. there was a short trade entered.....then trade 2 and 3 ...

The Bat...a strategy by Team Aphid

I see, good. have you backtested wiht this indicator? are your results better with this than the original system? Currently I am trying to backtest this strategy all the way from 01/2004 till today with money managemetn, account balance integrated. ...

The Bat...a strategy by Team Aphid