Before I go over my results of MY trading plan using The Forex Signals, I want to make a few things clear.
A lot of people write and ask, “How are you doing with The Forex Signals”? Or they want to know things like, “If I start with a $2,000 account, how much money can I make each month”? And this puts me on the spot to try to give an answer.
But here is the thing…
Everyone’s results are going to be different! There are a lot of different ways to use the signals, tools and training. There are different packages containing different signals and tools. People trade at different times a day. In essence, there are so many variables that ABSOLUTE answers are impossible to provide.
One fo the reasons I came up with The Forex Signals Training Camp, was because I understand each member must come up with their own trading plan using the signals, tools and training. The plan YOU come up with must work for you. And the plan I come up with must work for me.
So, I can only show you how I am doing with the plan I am using. So, let’s get on with it…
As people in the Training Camp know, I suggest placing a lot of trades in the beginning, (in a Demo account of course). This gives you experience with Tom’s signals, Vladimir’s signals, High Velocity signals, Trend Reactionary Numbers, etc. Then you have to come up with a preliminary plan to test out. Therefore, I started testing my trading plan on July 14th.
Here are my trading results from July 14th to July 22nd…
Now, let’s go over a few things…
This graph was taken from MT4stats.com. Therefore, there is something I need to explain:
I close out partial profits, and MT4stats counts each close as a trade. Therefore, I really have not made 22 trades… but only 12. Trades were closed out 22 times… either by my stop being hit, or profits being taken. (I’m only monitoring 5 pairs, so 22 trades would be way too many if I’m sticking to my plan).
Here are some things you should take away from the graph…
- I started off really great with a lot of wins in a row. That always makes one feel great when testing a plan. It seemed like the plan was working great.
- Then the market got a little choppy. A lot of times my Take Profit 1 would be hit and then price would come right back to stop me out. I also suffered some losses as well. (So, did I just throw my plan out? ABSOLUTELY NOT! The plan is still good… just the market was not following through.)
- The last loss I took before the big jump in profits was on the USDCAD. As a matter of fact, price came right back to my stop TO THE PIP! (Frustrating). But the setup was still good so I got right back in… and you can see some of the results. The other profits were on the EURJPY at the same time. (If you have not yet seen the Stop Hunting Setup by Dr. Barry Burns, I suggest you take a look at it. It shows you why you should give good setups a second chance sometimes.)
Anyway, I just wanted to share some of my results with you. I also think it shows you that you need to come up with a PLAN and then stick to it long enough to properly evaluate it. It does no good to jump from one thing to the next every time you hit a rough patch… the markets are just like that sometimes.
If you want to join The Forex Signals and get signals, tools and training from Tom Strignano and Vladimir Ribakov, click below…
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The Forex Signals Training Camp
