#4 Patrick's trading system

No, I have seen this expert advisor at Metatrader4, but I do not know how to use it:) I trade mostly manually and I devised my system from practical experience and thinking. I am changing my system depending on situations, currencies ,how much I have on my account and so firth. I can trade on more, but I think right now I have a good balance between risk and profit, so with this balance I do not think it is wise to become more aggressive. Plus I am trading without any emotions now which is a huge help.
So, you are trading daily charts? It means you are not scalping? I check all charts, need to see total trend and where the currency is generally moving or might move.

Indeed i trade montly on daily tmf, i never scalp. This is because i have a broker Myprivatetrade who gives me a spread of 5. There is an affiliate program involved where i earn as much as a daily job. This is because in Belgium and neighbourcountrys trading is quite new.
By the way scalping is not good for my emotions i don't feel comfortable doing that.

I feel like scalping or day trading is what I am best at. So, I am doing this. My broker is MB Trading/ EFX. it is non dealing desk. Their fees are huge as you have seen , their software is garbage. It is unreliable and cause me 2 losses which were big for my account. They are not accepting any responsibility and due to their high fees plus spread it is hard to trade money back. Though, I have managed to do just this, mainly due to the high rate of successful trades. In fact I am trading 4 pips spread on average and I would say it is better to trade real 4 pips spread then 2 pips plus this kind of fees. To cover this fee I need exactly 2 additional pips plus spread.
I am trading to build history to start as proprietary trader/ money manager. I really miss Metatrader, good , simple and reliable program which is what i need. However the company which is watching me says Metatrader broker won't allow me to scalp. So, they advised me MB Trading.
I woul;d say that execution is very good. Some slippage but goes both ways. I guess MB Trading wouold be great for those with different style, like swing or longer term, but it is not for scalping. With company I would certainly get better fees and spread.

I trade micro account which much harder to do than standard size, but on the other hand, after micro account you will fly like a wind on standard account:) I have noticed it after I went to normal size acocunt. Feels like a charm:)

My emotions now are totally under control and I think discipline and emotions are two most important things for traders. It is more important than system and strategy. I lost big once due to emotions and lack of discipline which was a very good lesson for me. That was exactly a month ago. :) I guess it was my tuition fee....

Hey Patrick,

Thank you for sharing your system. I'm going to test it for myself to see if it will fit my particular circumstances. Like most traders I have a dayjob that doesn't allow me to stare at charts all day.

If I have any questions, I hope you would be willing to help me.
Bij voorkeur in het Nederlands... :-)

Jay

Ik heb nog veel betere dingen ondertussen. Laat het weten als je interesse hebt. Dan kan je mij persoonlijk mailen. Slaagpercentage is heeeel hoog!