Hi,
the aim of this thread is to launch a 2018 trading account experiment using a fully disclosed trading system with a full audit trail and accessible to anyone interested.
I have of late been posting tonigeriaforextradingideas and opinions from experience without supplying any hard evidence of trading ability to back the words up. I've been trading my own account fulltime to get a living for the past almost nine years now, with a short-term, intraday methodology on 5 min charts. I haven't posted this to Trade Explorer as my dealing platform doesn't support it, and it's impractical for me to place links on the forum beforehand given the nature of my trading. I've also for a while had the belief that my intraday principles could reasonably successfully translate to more timeframes. This experiment attempts to solve these questions.
I shall run an actual trading account on this particular thread with daily charts and posting planned entries and exits beforehand, to be actioned via standing market orders. This will create a verifiable audit trail and that I will provide a concise summary of the current account position (as much as the last closed transaction ) in the conclusion of every article. To keep me stimulated I shall commit a #10,000 account to the venture, however standing size will likely be such that maximum risk per trade (yes, all transactions will incorporate an inviolate hard stop loss order in the market) is just 1 percent of the account. I am not seeking to create any meaningful money on this experiment, I shall be continuing my mainstream intraday activities in parallel. No additions or withdrawals will be made and also the position size will remain in a 1 percent risk of the account balance at the time of the transaction. Hopefully, this will increase with time!
As with my intraday trading, I will be trading just 3 markets: EUR/USD, AUD/USD, and USD/JPY but with just daily charts here. I'm UK based and that I plan normally to post just in the evenings UK time, after I've finished my daytrading activities. I shall attempt to describe clearly the rationale for every trade in addition to post-trade analysis in order to turn into a helpful trading journal. The thread does not as a necessity require involvement from anyone else but I will be pleased to take any comment and queries from anyone who may be interested.
PLEASE NOTE: This is an experiment and I cannot give you any confidence as to the possible outcome. I will trade carefully and diligently in line with my established egies but I have not before traded forex on anything outside intraday on a 5 minute chart. It will be a good learning experience, ideally a successful proof of principle and also a fun ride however I really cannot promise you anything in any way. It is almost sure I shall return to a shaky start as I know the principles of the daily chart timeframe but there's not any escaping this learning curve.
My next article will begin with a brief description of my planned trading egy.
I shall be seeking to begin live on two January 2018.
Account summary: Balance #10,000 ( 0.0%) No. Trades YTD 0