Hi
I would like to start trading with some of you here.
I enjoy long-term trading and I want to share my strategy here for long-term trading.
I trade Forex for a living and I am also an MT4, C++ programmer.
I currently have a few accounts that are trading long term on the following pairs:
GBPJPY
EURJPY
GBPUSD
These accounts have been running strong on these pairs since February 2009
Is this thread, I will mainly be focusing on GBPUSD
Here is how we will do it:
You may have to open 2 demo accounts for this.
One account will be devoted to the long-term trading and the other will be devoted to short term day trades.
I will tell you when would be a good time to get into the long-term trade. Once this trade is triggered, we will not touch it at all, except when I tell you to.
It will get scary, but I want you to hang with me.
In the other account, we will trade the short term trades. This trade is for one day or a couple of hours.
Here is the trading rules:
Please, start your demo account with $10000.
Total risk is 4%
start each trade with 2%
Only 2 trades should open at a time.
Second trade should be closed once it reach the price of first trade.
Here is an Investment calculator (request free copy of this)
Please share with us your trade results as we would love to know how you are doing.