My inauguration into the world of currency trading has been an absolute financial baptism of fire, many manual methods used and applied along with a handful of expert advisers that have failed to meet expectations, these of which I will not mention any names however those that have followed this blog to any degree will know. Having said such though I believe also that just like a tradesmen who should never blame his tools for bad workmanship I also have had to deal with my own shortcomings as a trader in terms of mindset. If there is one methodology that does have any merits it must be the 3 duck method as endorsed by Andy Perry aka Captain Currency whom of which I have mentioned before as you would know. Simple methods always work the best and nothing could be more so than this one. If your looking for profit making consistency then look no further.
My only problem was not being able to watch any active trades since I work during the European/UK market open so often ended up being taken out with a small loss; since one needs to terminate the trade (and keep your profits made) when the PA crosses above or below (depending if your long or short on a trade) the 60 SMA. this presented a problem since I wasn't at the trade station. Problem solved - after a Google search I came across a handy EA that would do just that, close the trade once the price action made a MA crossover. This particular EA is now indispensable to me, it's called the OrdMgrSL.mq4. I will reiterate it does not open any trade(s) it only closes them exactly on the mark. Anyone interested just Google and you will find it, I actually came across it through a forex forum group, but failing this if you email me at davidwilsonholmes(at)yahoo.com and put ordmgrsl in the subject line I will attach it to a reply.
Before I forget I'd like to wish everyone a very festive Christmas.
Trading results to date
Thursday, December 22, 2011
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