Hi everyone my name is Ben Williams and I would like to post my trade performance based on the trading style I use for forex. Soon you will see the name, FX TopGun Trading listed with all the other traders in Rent A Signal. The same style of trading you see here will be the same as what will be posted with Rent A Signal.

Thanks...

August Trades Are As Follow:

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Trade Style: A short term position strategy (1-5 hrs up to 1-5 days) that's 100% mechanical. The trading method itself is based on a multi-moving average cross-over technique. Although the trading method is not a discretionary trading system, yet on many occasions I do exit early out of a trade based on what I see in the market place before the projected price target has been reached. In doing such I manage to keep a higher win rate than if I were to let the system fully run on it's own.

Currency Pairs Traded: GbpJpy, GbpUsd, EurUsd, EurJpy and UsdJpy.

Frequency: Between 0 and 10 trades per day per currency pair.

How Many Pairs Traded: (5) However, only one currency pair is traded at any given time.

Win Rate: The system bounces between 92/98 percent.

Max Draw-down: 250 pips per position when trading EurUsd and UsdJpy (All other currencies have a max drawdown of 450 pips per position).

Average Draw-down per trade: Between 25 and 125 pips per trade position.


As you can see from the previous post that each loss as shown is far below max drawdown and that's because I very seldom wait for my stop-loss to be reached (once in a rare blue moon will you ever see a loss of 250 pips for any given trade). If I don't like what I'm seeing I will exit out of a trade early for a gain or loss, regardless of what the system is telling me.

I will add additional information later and each week I will post my trade performance.

Pippin Like There's No Tomorrow

I removed post, not needed...

Until I'm listed with Rent A Signal you can follow along with my trades by going to the link listed below.

MT4Live.com - Share Your MT4 Statements Free

Just scrolling down the page and look for Open Trades and you will see what I'm doing at that particular time. I do not have trades open all the time so you will need to check back on a regular basis.

This post is no-longer needed...

Check Open Trades: UsdJpy Long @ 92.99

MT4Live.com - Share Your MT4 Statements Free

If you decided to follow along whether in a demo or real acct make sure you follow these rules.

1.) Recommended Dollar Amount: 5,000.00 USD mini-acct.
2.) Recommended Dollar Amount: 50,000.00 USD standard-acct.

3.) Don't panic and throw in the towel if and when a stop-loss point is reached. Just keep trading as usual. A loss here and there is normal.

4.) Disregard the old adage of having a reward to risk of 2:1... Profitable traders will tell you that reward to risk is determine by your trading method, not by you picking a ratio out of thin air or from some book guru who can't trade. With FX TopGun Trading there is no fixed reward to risk for success, it varies from trade to trade because that's how the system works, and I simply follow the system without fail and without question (except when of course I exit early out a trade because of what my technical indicators are showing me).

5.) Check the Open Trades regularly, then check Closed Trades.


Click the link to see and follow all trades: MT4Live.com - Share Your MT4 Statements Free

Monday, Aug 31st 2009

MT4 Live is having technical issues right now. None of the closed trades are posting; however, all open positions are correct.


buy 1.00 usdjpy 92.997, SL 90.490, TP 93.500
buy 1.00 usdjpy 92.723, SL 90.220, TP 93.750


MT4Live.com - Share Your MT4 Statements Free

Sept 1st 2009

Take Profit for both UsdJpy trades have been changed to: 93.40 and 93.60

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Sept 1st 2009

I closed out my two positions with UsdJpy and have open a new long.

Go to : MT4Live.com - Share Your MT4 Statements Free

Check Closed Trades and Open Trades...