Hello All

[Piptopia]

Hello all,
I am new to this site and would like to get the most out of this site. Can anyone offer and recommendations to accomplish this? Also I am reading about these trading systems. Are any of them really profitable? I am currently getting mentored by Rob Booker, he seems decent and I have learned a lot in a short amount of time, still to soon to tell if it is worth it or not. I am interested in a short-term strategy, like a system that takes 10-20 pips per trade. I have a longer term system but would like one for intraday, daytrading. Can anyone point me in the right direction? Thanks in advance.

[gazuz]

well the expert on the hot seat in my opinion right now is the DLM. Its a very old strategy used by gamblers but this time, with the volatility and small prediction of the market it can be profitable. DLM works like this: if your position is losing, it will open another position in the same direction but with twice the lots. so when the last positon opens wins, it covers all the previous losses and then some profit. You might want to look for it around the forum it's very interesting

[Piptopia]

Originally Posted by gazuz

well the expert on the hot seat in my opinion right now is the DLM. Its a very old strategy used by gamblers but this time, with the volatility and small prediction of the market it can be profitable. DLM works like this: if your position is losing, it will open another position in the same direction but with twice the lots. so when the last positon opens wins, it covers all the previous losses and then some profit. You might want to look for it around the forum it's very interesting

Thanks for the info, I will search for it in the forum. Have you any luck with it? I am trying the MT4's version of the Grid system. I got the code from another forum but it works like a 4 lane highway. Still testing it to see if it is profitable. Thanks again.

[gazuz]

I am having luck and I enjoy the small but steady profit. Right now I am at a bit more than 5% profit in the first week. I want to tweak it with scorpion's super suport and resistance though to make it work better

[scorpion]

Keep us informed gaz. I've a nice system made from Super SR.