Mp -- so whats this forex stuff ?

[mp6140]

How about NO HYPE

NO STORY STOCKS, NO BAGHOLDERS, CONTINUOUS TRADING BASED ON PRICE MOVEMENT ONLY, ABLE TO SHORT WITH ALMOST NOTHING IN THE ACCOUNT, UNREAL MARGIN (up to 400:1), TRADING ALL DAY LONG, 5.5 DAYS A WEEK.

NO COMMISSIONS, HOLD LONGS AND SHORTS AT THE SAME TIME, AND THE FINAL ONE

MAKE MORE THAN YOU CAN EVER IMAGINE !

mp6140 school of forex and index trading --- right here on this site. (and free !)

mandatory disclaimer ---- it takes some time and it takes some work but when you finish you can make more than you can possibly imagine IF YOU ARE SERIOUS -- we use indicators and charts, but differently than you can imagine ! Also, of course, the more you start with, the more you will be able to make, but whats new about that truth ?

enclosed statement is for one days trading and does not show the remaining 5 hours before we shut down ---- this amount is repeatable but is also based on having a very good equity stake available so your returns may not equal mine with dissimilar equity pool.

enjoy and trade well

mp

[allangering]

Somebody tried to sell us his "robot" trading a while ago, which seemed rather primitive, while people using Oanda's API are trading automatically, but they have the gigantic advantage to be in full control of the program - only thing: I wouldn't call that a robot.It can only perform as good as you programmed it to be; if your robotic trading results are bad, you programmed it wrong.You're right the term robot is not really good to qualify a trading software
But it's shorter than "fully automated trading software".I've looked at your website and your returns are really good ! But the dradowns are big, anyway an automated software without emotions don't really care about dradowns, so if the overall return is positive there should be no problem.

[mp6140]

greetings,

understand that drawdowns are in direct relationship to the timeframe chosen to trade.

on short timeframes as long as one is trading with the present trend (direction sure helps also) the drawdowns can be of no concern whatsoever, while in this type of market, long timeframe trades can be extremely whippy over a period of time, and should be avoided by most without a sufficient amount of equity and plain old guts.

if youre looking at my results, understand i trade in a specific manner that suits my equity pool and experience --- its a combination of VERY long term holds and scalping for a few pips --- I simply TRADE, and whatever that may mean AT THE MOMENT, is what i do --- with newbs, we work ONLY with the equity they have to work with so things get modified from how I TRADE a lot.

How I trade is simply something for them to see as a post graduate excercise --- something way on down the road once they get their "forex legs" steadily under them.

"robots" that will be able to trade as a decent human trader does would have to be the size of "deep blue" because of the "variables" inherrent in trading --- ANYTHING can follow a moving trend, including some chiuhauhas i know, but get into a ranging market, consolidation or contagion, and you got a robot that just cant handle the situation.

granted your words of "it has to be programmed correctly" is true, but within that statement is the holy grail that all the computer geeks WANT so desperately ---- HUMAN INTELLIGENCE !

sure, a robot can pick off trades, but a HUMAN can pick ALL of them and be ready for anything, while still drinking their coffee in the morning.

enjoy and trade well

mp

But it's shorter than "fully automated trading software".I've looked at your website and your returns are really good ! But the dradowns are big, anyway an automated software without emotions don't really care about dradowns, so if the overall return is positive there should be no problem.