This is the first week after Friday the 13th and I made 6 losing trades after a 30 pip win so I believe I need to be on PIP (Performance Improvement Plan).

Here are the details of my PIP:
  • Increase my Winning Ratio to 55%
  • Must only take position that has 30 pips or more profit potential
  • Get my balance back from $1,280 to $1,600 or up 25% in 2 weeks

To achieve my PIP, I need to do the following:
  • Do Not Think about money
  • Focus on trading my best setups
  • First, constantly define and confirm market direction
  • Check any potential reversed signals
  • Wait for my best setups, most likely at pullback
  • Get in with the trend with confirmation on my best setups
  • If missed, wait for another opportunity instead of tracing the market by jumping in
  • If stopped out or closed (win or loss), repeat the process again
  • Don't need to force a trade if no opportunities.
  • Review and wait these on my notebook every day before trading

I also need to review my trades before and after a trading session.

Building trading skills every day is the only way to make profits from the market and it's not easy but achievable with efforts.
 
First check my tweets on April 12 that you can see we were fixing our computers and we also tested (Correction: we activated, instead of testing) some platforms and EAs as well. We forgot turning off these platforms and EAs after we fixed our computers. A bad trade was copied to our live slave account from the signal account on Friday, April 13 (Wow, what a day, Friday the 13th) without the 7 pips SL and is open until now...

We also find out that the only accounts picked up the bad trade without SL are our signal and slave account because this trade is not copied by the Internet Trade Mirror EA which will set 7 pips SL automatically. Please note that the SL limit set from the Internet Trade Mirror EA is a part of our risk management for our clients alone with our VDS. 

Even we are the only one suffering from this computers/EAs issues, we have found solutions to prevent it from happened.

We will close this trade either at a better price or at margin call no later than 2AM tomorrow and will add $1000 to the slave account to trade again.

Please let us know if you have any questions by adding comment here or contact us directly. We commit to provide the best possible service to all of our clients and do everything we can to produce consistent profits for you.
 
We started this week with a trade copier issue which led to -8% loss for the first trading day of the week. However, we fixed the issue by just syn the clocks of our computers. Most important, I was feeling fine when the slave account was on 10% drawdown because I know I have been becoming a different trader who is improving on both trading and mental skills since I analyze my trades on FF's trade explorer.

With my tight stops trading, I was coming back easily with 2 good trading days for less than 30 pips each day and end the week with +5.1% (I did not trade Friday because it's a holiday and NFP day).

Forex trading is a life time challenge of being the best of myself. I must improve myself every day to meet my goal which is to produce 65% weekly profit for my clients consistently. I am surely that I am on my way to be the best of myself.
 
I finished March with +12.2% on the live slave account which is way below my profit target of 65% (3% per day and 15% per week). However, I am getting more confident with my 6 pips SL and am making improvements every day.

I found a great tool, the trade explorer, from FF which helps me to analyze my trades with charts showing my entry and exit points. Just click here to find my trading details and explanations. 

The $10,000 minimal without security deposit promotion will be expired on April 7. I will focus on trading for the 2nd quarter of the year and will not have any promotion shortly. Please act now if you are considering autotrading my signals that you only pay performance fee when I produce 100% profit for your account.
 
Finished another trading week. I am now trading with up to 3 trades per day and risk 6 pips or less per trade. I am trading better every day with this tight SL system. 
 
We are now placing trades on Oanda demo account and using Oanda live account to copy trades for performance record. We recommend our clients to use Oanda MT4i to trade our signals. Please compare our performance now.

Please note that I placed some trades on the signals account for 1 day before we copy trades to the live slave account.

We now accept $10,000 to trade our signals without deposit for the first 3 clients. 
 
After carefully review my trading, I believe I should set my daily risk limit to 8% because my DD was less than 8% when I traded well without overtrading issues and platform issues. My risk per trade is still 4%. It means I should stop trading if I have 2 full stopped outs.

My profit targets will be: 3% per day; 15% per week and 65% per month.


Check to see if I can meet my goals by trading my signals on demo accounts for the first 3 clients.
 
This morning, my trading platform had issues that both my DP and I could not do anything on it, we could not place SL as well as we could not close a short position until it was too late...

My DP finally closed the short position at -13%.  You can see SL is so important for my trading to limit risk as well as to live other day or another trade.

Platform issues are something I can't control but I must manage my emotion by avoiding trading again today. I must not be worry about the current loss because I can produce 10% or more per week. Think about this: If I could not manage 24% DD, how can I make 1.500% a year?

I believe platform issues could only happen for a long while and my DP and I both agree to close any open position as soon as possible should it happen again. 

Move on, I will trade next week.

If you are considering to trade with us, I will offer you trading with us on demo account with FinFX for the first 3 clients. Contact us and set your auto trading our signals on your FinFX Demo account now.
 
We have a new website now so we are running a promotion for the first 3 clients who will pay no security deposit (instead of $1,000) and invest as little as $2,500 (instead of $25,000). 

Our goal is to produce 10% weekly profit with total investment risk of 35%, 4% per trade and 12% per day. It's time to test our service now if you can risk 35% of your investment.