We Need Your Generous Input
Hi Fellow Traders,
We are conducting a short research with some questions to verify our current & future developing Forex solutions. It is to understand if our current and new solutions will continue to cater to your trading needs. We will not hesitate to make improvements for the benefit of the community and you.
Do leave your answers by commenting in this blog post. It will helps us and most importantly, you to a great extent.
Once we hit 100 Replies, we will show you first look at ForexChartistry video this coming weekend. It is a software package on alternative charts like Renko, and in the video you will learn how these charts are better than the normal charts you used in Mt4 to determine your market direction!
Qns 1.
Do you trade part-time or full time?
Qns 2.
Do you find the time spend for trading activities (analysis and execution) effective and efficient for you?
Qns 3.
What are your challenges you have faced in your trading activities (trading process itself)?
Qns 4.
What is the one main challenge that you want us to address in the next 6 months?
Qns 5.
What do you want to get out of trading in year 2013?
Keep those replies coming in, if you have other fellow traders who might want to improve in their trading experience, ask them to contribute too. Many thanks and Have a great trading year ahead!
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Qns 1.I trade part-time
Qns 2.I need to improve and become more effective and efficient
Qns 3.I am to reactive
Qns 4.Set up a great, but simple trading plan. Include use of trailing stops.
Qns 5.Get to 75% good trades
Hello Forex Trailer Team:
Qns 1. Part-time.
Qns 2. No. I’m so busy, I hardly have any time to trade effective and efficient.
Qns 3. I have a good method of trading but again, my problem is the time to use that method.
Qns 4. I have bought the Forex Trailer about 1 1/2 years ago. I would like to see your support team to have pending trades for the Forex Trailer EA. I really believe the Forex Trailer EA will be the number one trade manager EA from all your competitors. (I really think you should have 2 pending orders; one for a buy and the other for a sell- when one order places – the other pending order then is deleted.
Qns 5. Consistency of winning trades. Something like 8 winning trades out of every 10 trades placed with a 2:1 winning ratio.
1. I trade part time because i work in the day
2. I just wished that the many trading signals that i missed while i am asleep can be traded. My trading performance could be better…
3. still need to work and improve on my current trading strategy. The main problem is that while i improve my strategy, it become harder for me to find a software to automate the trading component.
4. i am looking forward to renko trading capability on Metatrader 4. It will be great if the package contains expert advisor that can automate entries and exits based on renko generated signals.
5. 80% winning trade. Be discipline in my trading at all times and achieve consistency in trading performance in 2013
I am looking forward to renko trading capability entry on Metatrader 4. It will be great if the package contains expert advisor possibility that can automate entries similar as exits based on renko generated signals.
Renko charting and trade entry and exit automation can be found on this package. View ForexChartistry for more info here
1. Part time
2. nope not effective at all, always miss signals
3. a clear money management strategy.
4. not sure for now, but new ideas and products are always welcomed.
5. greater consistency in winning. and not missing trades.
Q1: Part Time
Q2: Due to nature of day job that requires frequent traveling, it’s difficult to be consistent in trading timing (sessions) and Internet access.
Q3: Discipline in following a strategy or methodology.
Q4: Some processes or automation that can assist me while I am on the road such as the EA sending a sms or email that the conditions favor trade entry during my discretionary trading.
Q5: I like to be consistent, and achieve a 12% growth in my account.
1. full time
2. yes
3. Having to look out for probable setup manually. I m old school
4. Some form of filtering software. Example, if i want to look out for Double Tops on hourly basis, the software can do so.
5. Using less time to achieve current same result.
Qns 1.
I trade full time
Qns 2.
No. i find trading to be quite an exhaustive process as i need to be in front of my trading screen the whole time to monitor and track my trades so i can do the necessary tweaks and changes if need be so that i can limit my risk exposure and maximise my profit.
Qns 3.
As my trading entries and exits are somewhat complex with many indicators and condition needed, i always need to be physically present to execute my trades. This is time consuming and frustrating.
Qns 4.
I prefer if you could help me automate certain trading process such as entry where i can customize and set conditions for entry easily so that it helps me identify and execute automatically without me being physically present.
Qns 5.
i hope to spend less time executing the trades manually and spend more time identifying other trading opportunities.
1. Trade Part time.
2. Yes.
3. Greed & Fear.
4. Simple enter and exit signal with 90% accurracy.
5. Many high winning trades, less high losing trade.
1. Trade Part time.
2. Yes.
3. Discipline in following a strategy.
4. Simple enter and exit signal with 90% accurracy using EA or copier.
5. Many high winning trades, less high losing trade.
Didn’t know the forum rules alloewd such brilliant posts.
Qns 1.
Part-time trader
Qns 2.
No. As i am a manual and discretionary trader. It is a little time consuming to monitor the price action for a setup to enter
Qns 3.
Mainly psychological issues. Fear of loss by shifting my stops to break even too early only to have them taken out and move in my direction or fear of averaging up my position in a strong trending market
Qns 4.
Looking forward to new developments for your trading software. Perhaps, a price alert system which sends sms/email to the trader when a target price is reach
Qns 5.
Less monitoring time and more consistency in profits
I’m not quite sure how to say this; you made it exetrmely easy for me!
Q 1.Part-time trader
Q 2. My trading performance could be better with little more time
Q 3. Having to look out for probable set-up manually
Q 4. Simple enter and exit signal with 80% to 90% accuracy.
Q 5. I like to be consistent, and achieve a 9 % monthly growth in my account.
Qn1: Part time
Qn2: Generally not helpful
Qn3: Discipline. I trade with so much emotions at time that it feels like gambling to me
Qn4: Simple, clear-cut system that makes me 5% ROI a month
Qn5: Real profits
Q1: Part time
Q2: Not exactly
Q3: Trepidation when entering the market
Q4: How to become effective in trading
Q5: Emotionally less reactive and achieve better returns
This post has helped me think tnhigs through
Qns 1.trade part-time
Qns 2.No
Qns 3.Need the trade to come to me
Qns 4.Id the wholesale level where smart money is buying.
Qns 5.More profit
Reply
Q1: Part time
Q2:i need more improve
Q3:i’m reactive
Q4:set up detail and simple plane
Q5:get more profit
A prefcet reply! Thanks for taking the trouble.
Finally! This is just what I was looknig for.
1. full time trader
2. trading execution and efficiency has to be improved more. Efficiency is the lowest when i am in front of the trading desk monitoring the market. Will get into trades more often when the smarter way is to stop trading when the targeted pip profit is reached that day.
3. I think for most new traders, the greatest challenge is handling greed and fear while trading the market. Most of the time, emotions set in and they lose concentration and focus and eventually lose even more money.
4. need a tool that i can review my trading plan. i believe i have to keep improving my strategy with time as no strategy can continue to work all the time. A tool to provide key trading statistic will be very good for improving my strategy
5. hit 1 million in trading profits in 2013
Smack-dab what I was looknig for-ty!
1) I am a part-time trader.
2) I spend too much time in analysis only to have the market swing off in the opposite direction.
3)Where is this pair going in the next few minutes/hours.
4)Timing the market. When to get in? And when to get out?
5)At least 10% growth monthly in my account.
Send me your email id & I will give you a trading idea very effective that doesn’t require fundamental analysis but gives you the change in market dynamics/sentiments.
Fidinng this post solves a problem for me. Thanks!
Q1:part time
Q2:Yes, but no time to do much detailed analysis
Q3:Hesitiation when making the call
Q4:Simple formula or system to set for entry and exit
Q5:Less loss, more profit
1). Part time
2). Not so, sometimes there’s too much things out there that it confuses you
3). Time management
4). Automated software
5). Build up a good foundation that will lead to decent passive income
Q1) Part-time
Q2) Yes, it’s important to analyze the type of trade, in both technical and fundamental analysis for medium to long time horizon.
Q3) Consecutive stop loss triggers will hamper confidence in setting the next few trades.
Q4) Innovative indicators to capture successful trading signal, both entry and exit.
Q5) Consistent net profit margin per trading period to validate trading strategy.
Qns 1. Trade part-time now, will be trading full time in a few months
Qns 2. Yes I do find the time spent for trading activities (analysis and execution) effective and efficient for me.
Qns 3. Identifying high probability trades.
Qns 4. Entering orders at the same time for user-specified correlated pairs. Pairs to use for a particular trade can be rapidly selected, so not all correlated pairs need to be used for all trades.
Qns 5.
Being able to consistently generate a full-time income from trading.
Thanks for contributing. It’s hlpeed me understand the issues.
ANS1.
Part Time
ANS2.
Time spent on trading activities is not effective and efficient.
ANS3.
My Challenge is finding a trading style that suit executing ie. (only trade US Session) short term with 2 targets (ie 20pips and maybe ATR stop) but have a strong analysis on Trend bias with 70% probability
ANS4.
Trend indicator that is short term have a 25 pip stop loss, 1st target 15pips (catch 70%). System test – I use range bar
and 2nd target dynamic ATR ( adjustable with 3 settings…ie 2.2 on 1st 3 bars move after 1st target, 2.0 on the next 3 bars and finally 1.8)
ANS5.
Plan to be consistent to win 65% and 2.0 profit to loss
1: I trade full time
2: No not effective.
3: Consistency is elusive at best.
4: This is not your responsibility it is mine but anything that simplifies the process is helpful.
5: Consistency within reason.