Eureka!

Wow, reading back the last few posts makes for very depressing reading! I seem to of got into a habit of being a really good moaner when the going gets rough, something that needs to stop right now. Whilst relaxing at home yesterday evening I had several ideas whizzing through my brain and a couple really got my attention. Firstly and most importantly is my outlook on trading. The bottom line is this; the markets will do whatever they want to do, no amount of bitching or crying will fix it or make a trade go in my direction. The solution is to man up and get on with it. Deep down I have the faith and belief in my strategies so just stick to the plan. Self motivation talk over, I also had a great idea to improve one particular strategy that has been bugging me. It’s not going to revolutionize the results but I’m pretty sure it’ll certainly improve the equity curve nicely. All subscribers to my e-book will be getting an email today at some point explaining it more in-depth.

I’ve pulled down the EA that I was testing as while at first glance the results are amazing, the floating equity is a shocker. The EA is called ‘Midas’. It caught my attention whilst browsing the myfxbook systems. It’s certainly not cheap at £97 for the first month then £147 thereafter per month. It comes with a 30 day money back trial so I thought I’d give it a whirl. Upon inspection of the EA, the basics of it is a martingale grid EA. It places trades on a designated pip grid and adds to positions when a target is met. Where it comes brutally unstuck is when a pair trends in particular direction without a pullback or retrace. Whilst I was running aggressive settings, I calculated I would need the best part of £5k to make it worthwhile on standard settings.  I wouldn’t call it a scam but I’m certainly not interested in keeping the EA in my portfolio.

I am also in the process of getting one of strategies converted into an EA and I’m pretty excited about the prospect of it running on auto-pilot for me. It isn’t a particularly hard strategy to trade manually but it is easy to overlook when looking at several other charts at the same time.

I’m staying positive today, no matter what!

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    • enrico ragazzo
    • February 17th, 2010

    Hello john, are you speaking about dubai strategy or tufxp?

    • Hi Enrico,
      I’m speaking about a TUFXP strategy which I’ve been doing for a long time. It isn’t apart of the Dubai e-book or TUFXP e-book.

      Hope you got the EU winner.

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