forexfortunes

Joined Oct 24, 2009

Connections: 0

Experience: More than 5 years

Location: United States

Profile

Trading style

Technical trader using targets at various support and resistance levels

Motto

Slow and steady wins the race.

Systems by forexfortunes

Name

Gain

Drawdown

Performance

Contest - forexfortunes

Demo

1:200

MetaTrader 4

-90.13%

91.30%

Recent Posts

Forex Fortunes Robominer Live

A moment of panic set in last night which prompted me to lighten some positions manually. With talk of new leverage requirements (down to 10:1) and the unemployment number contrast between AUD (down to 5.3% from 5.6%) and NZD (up to 7.3% from 6.8%) it appears that the AUD/NZD cross may have enoug...

1434

Feb 11, 2010 at 14:40

Forex Fortunes Robominer Live

Robominer is not for everyone, if I had to start over again I would only start the EA at the 90% level of the historical high or low as to avoid the initial drawdown. My first attempt I was trading mini-lots instead of micro lots and had to close many positions out for a 28% drawdown to save my a...

1434

Dec 25, 2009 at 23:22

Forex Fortunes Robominer Live

I manually closed the trade because of the negative swap rate was already at a point that the position would not have closed in profit using a 40 pip profit per position. The trade had been open since 4/8/09 and prices were getting oversold on longer time frames. It was purely a judgement call on...

1434

Dec 14, 2009 at 17:58

Forex Fortunes Robominer Live

I am using Robominer, IBFX has a back office solution to deal with the FIFO rules. I have found that with the AUD/NZD in a fairly consistent uptrend I usually change the "allow for spread" option to false as price retracements are hit more often in this scenerio. When and if price on that pair ge...

1434

Nov 06, 2009 at 17:04

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.15902	GBPUSD	1.35413
USDJPY	159.631	USDCAD	1.38972