How to make $1500 in 5 minutes by Trading Forex on auto pilot

Hi Guys. How are you today?

This is a short post, I just wanted to show you how easy is to get $1500 in a matter of minutes by trading forex on Auto-Pilot, giving me the opportunity to do my other things.

Below you will find the trades I took yesterday. :) 

Pretty nifty. :)

Let me tell you how this happens almost every day for me.

A couple of months ago, I was looking for ways to make money online, to be more specific, i was looking for ways to make passive income, passive money online.

I used to trade forex for a broker in the past, so  I asked myself this thing:

"Why not starting to automate my knowledge. I know some really good strategies with at least 80% winning ratio (remember, I used these strategies in the past). What if I could automate these forex trading strategies and put them at work for me? "

Guess what? I took instant action. And that's the best thing that anybody can do in order to get wealthy. Take action.

So, I automated these 2 strategies and i am basically stealing like 25 - 30 pips each and every day.

Yesterday for example, my first trade (sell eurusd) opened at 13.30.10 my local time, and cosed after one minute at 13.31.11 :)) AWESOME!

The second trade opened at 15:00:01 and closed at 15:05:11 . So I booked $1500 in 6 minutes.

That is all it took . I took the profit and disappeared. I just love this.

Of course, I don't trade like a pig. (I mentioned Nial Fuller's article here because he is so right.)

I keep in mind the risks and money management. My strategies always use Stop Loss. You should do it too. Always. I have seen so many people losing huge amounts of money and all were making the same mistakes: they didn't use SL.

Below is my account performance so far.

Happy trading.

How many pips can I make as a full time trader?

Hello audience :) A friend of mine follower of this blog asked me if he could make a living from trading and asked Home many pips should target to accomplish that.

 Well, different traders have a different target depending on their preference, as they trade using different strategies and time frames. This also depends on how much return the trader wants to achieve in a longer period of time,like a month or a year.

That is the way to go. Thinking on monthly or yearly profit. Do not think how much you could make per day because that can harm your account if you over trade or chase the market.

There are days that is better to not trade at all. So you should fix a 10% monthly profit instead 100 pips per day :) .

With good money and risk management you can make 10% a day either you earn 10, 50 or even 100 pips. I know traders that are happy with 20 - 30 pips daily.

They trade 1 lot so those 20 pips equals 200 dollars per day which is good. I personally tend to trade less lots but trying to get more pips over time, at least at this moment.

 To some people, 10% may sound easy. And yes, it is not difficult to reach 10% return, but the difficult part is to be consistent and know when you need stop as people get greedy once they make profits.

 The difference between amateur traders is this: Amateurs are concerned with how much they can make but professionals are more concerned with how much they afford to lose.

Forex Accounts Performance for the last year to date - Trade Forex

I have to say that 2013 has been a great year for my forex trading activity.I 've been doing manual trading, mirror trading, algorithmic trading, also had some issues with some brokers :)) but they are solved now, lol.

 Just want to share with my people a few accounts.

This one, has been opened in December 2012. Initial Deposit 10,000 usd. Right now, its balance is 34,276.37. The Max Drawdown was 23.60% (a little bit higher for my taste, but that happened early when I was doing optimization work as we talk about Algorithmic trading here). So I find this acceptable. You can see it live by clicking the  image below. You will be taken to myfxbook site.




Another account that I'd like to share is the following one:
Initial deposit:     100,000.00 USD
Current Balance: 308,645.38 USD (tripled in about 8 months)
Max DD: 7.74%
Below you can find its MyFxBook widget.




These made me craete a new demo 5 million account and see how I can perform on bigger accounts (using less risk of course , just like the big players in the forex market)


So,

Initial Deposit    5,000,000.00 USD
Actual Balance: 5,272,472.58 USD (around 5,5%  in 8 months as per MyFXBook Calculations)
Max Drawdown: 0.43% (as I went with really really small risk ... around 0.02%)





All these trades used Stop Loss, and trailing Stop Loss , so this wasn't gambling. you can check the trade hostory on myfxbook.

I also traded manually, using FXCM's Trading Station II. I'll find a way to publish my account on myfxbook. anyway, at this moment that account has $50,833.06  and a 51,023.81 in Equity. (I am not trading  it too often and i am using small risk). but everything is good so far.


Here are some Automated trading screenshots :) ( MirrorTrading). This was a demo account, but unfortunately the MirrorTrader demo accounts expires after 30 days. Anyway, I created a winning portfolio and made a nice profit within the trial period.

On my Manual Account, I still have 1/4 position open from Nov. 27th which is at 600pips right now. Hopefully I get 1000 pips ..AT LEAST! :)) (I have locked in profit, so I took the risk out off the table)

You can see the entire post here: http://askadriforex.blogspot.ro/2013/11/trade-forex-idea-sell-audusd-nov-27-2013.html

If you like these results, you know I am here to answer to your questions and please share this post with yourfriends on Facebook, twitter, Google +, Digg ...

Also you can subscribe to my list using the form that you find in the right sidebar.

Thank You
Adrian Todoran

Trade Forex Idea - Sell AUDUSD - Nov. 27, 2013

I am going to add to my sell position if I see a breakout 0.91000 in AUDUSD

Here is the chart:

Okay. I Added and today Dec 4, 2013 I took out of the table half of the first position (+281 pips).
I have also moved the Stop Loss at breakeven, looking to exit the second half at around 8.9000 - 8.8450 for about 450 pips more.

TRADE UPDATE: Dec 18th, 2013

I am still in that AUDUSD Sell trade. However, One of my 2 positions just closed  with a total gain of +240 pips.

The other position is at +440 pips and if the price closes below support (the red line, I may add a small new position), and I definitelly move my existing position's Stop Loss above the last high (around 0.9000) to book some more pips.

I am also looking at .618 Fibonacci Expansion , which would be the Profit Target for my open position.(the Blue line). But I may also, just move the stop lower and take what the market is willing to give me on this trade. (remember I already took half of profit at about +280 pips) and another full trade at 240 pips today. Not bad.

Let's see what the market is willing to give... Another at least 1000 pips in one trade? :))

Screenshot below:

 

TRADE UPDATE: I still have that portion of 1/4 running. Currently at +500pips. hopefully i get at least +1,000 pips. It is a free risk trade as I locked in 200 pips.

 

If you Liked my blog, please do not hesitate to share this with your friends on Facebook, Twitter, G+.

Thank you.

Adrian Todoran FX Trader

Trade Forex - 2000 pips in one trade

Hello. this will be a quick post . Just wanted to share with you how good I do feel after I found the screenshot from one on my old demo accounts where I booked 2000 pips by trading forex manually between July and September 2013.

I was using multiple lots and after I took some profit and moved the stop loss to breakeven + 10 pips i was fighting with my emotions.

As far as I remember I closed this position in profit of 1800+ pips but it touched more than 2000 pips.

I admit that I had hard times to control my emotions, and I bet, that, if that was a real account, I wouldn't stay that long into that trade :))

Anyway, here is the screenshot

I am going to repeat that forex experience one day... hopefully with my actual AUDUSD trade where I am 200 pips on profit already.

That's why I like to trade forex. You can really make money.