North American forex private equity fund manager Wu Hao developed h cashbackforexprofitcalculator own four categories of automated cashback forex calculator Onl cashbackforexcalculatorOnlinee systems to ensure profits in trading From a rookie who stepped into t cashback forex forex trading door with $5,000 pocket money in ignorance, to a forex private equity manager who is now in charge of operating tens of millions of dollars of capital from dozens of clients in mainl cashbackforexpipcalculator China and North America, Wu Hao has been in the forex trading This road has gone through ten years attracted by the ups and downs of the foreign exchange market, he had day trading as the main direction, in accordance with the 5-minute and 15-minute cycle chart technical indicators change in and out, every day is busy, but in the busy hundreds of short term trading, he found that he is actually working for the foreign exchange traders, he seems to be with a rarely revealed flawed seasoned boxer to fight, and sometimes can get an advantage, but time is not enough to get an advantage. Sometimes you can get an advantage, but over time, the market still steadily prevails despite the consumption of a lot of energy in watching the analysis, but the effect is far less than expected, especially when the personal state is not ideal is repeatedly lost inexplicably many times calm down, he just trading motivation and impulse to feel unbelievable, the magic of the market feel a chill down the spine, but soon step into the same river of error & nbsp nbsp; I feel that intraday trading is in a complex battle with the dynamics of the currency market, the vast majority of individual investors have no chance of winning Wu Hao recently in an exclusive interview with "Lujiazui" without sighing after he finally had an awakening, he developed four categories of automatic trading systems (EA, ExpertAdvisor) to solve the dilemma As early as 2006 I began to I think EA trading is the trend, at least in the current trading environment of North America Wu Hao believes that with the continuous improvement of the system, even hundreds of millions of dollars, you can also find the safety of the principal and stable profit haven Self-created more than ten kinds of automatic trading system Wu Hao revealed that at present he used to trade a total of more than ten EA system, divided into four categories, including trend trading, grid trading, scalping trading and breakthrough trading four kinds to Trend trading, for example, it generally refers to the medium-term 1-hour and 4-hour level trading cycle, a wave of the market is generally more than 100 points, less than 5 ~ 60 points, stop loss and take profit range are set relatively large, one of the strategies he developed is the stop gain of 60 points, stop loss of 40 points grid trading is Wu Haos main battlefield this system is a reference to the grid trading method and the casino baccarat continuous plus code strategy, that is, betting on the size of the continuous bet small (or large), lose once on the code and bet again, as long as the amount of money is large enough, and finally there will certainly be a profitable time and grid trading method is to continue to do more (short), every certain point and then double the position to enter, as long as you can hold up, a small rally can be profitable the purpose of this trading system is to completely abandon the subjective thinking of human nature The purpose of this trading system is to completely abandon the human subjective thinking factor, purely mechanical operation, filtering all the market disorderly fluctuation factors, even if you start off looking in the wrong direction to buy at the top, but theoretically there is still the possibility of a final flip he said With his 5 years of experience in Wall Street forex trading and talent in mathematics and computers, he started from many places to modify, set parameters and constantly optimize the test after several rounds of historical data testing, a set of Automatic trading system finally put into practice to the euro against the U.S. dollar, for example, the systems maximum number of levels of resistance is 15, that is, the first bet to lose money, you still have 14 chances to flip, should be able to circumvent the vast majority of small probability events I used Europe and the United States 20 years of trading data testing, the history of only two more than 15 levels of position explosion Generally speaking, in 3 to 4 levels when he has begun to profit, and then automatically close or manual stop-win test. After the automatic closing of positions or artificial stop and then the opportunity to enter the next transaction, in individual cases 7 to 8 levels is already the limit of the overall idea is that ants gnawing at the bones, with a very large position to win each time a very small gain, the accumulation of small amounts of stable profits I only set a stop-win level or artificial stop, not set a stop-loss level, because from a statistical point of view, only twice in history it is necessary to set a stop loss, so can be ignored However, for the possibility of a unilateral trend of thousands of points and lead to a burst position, he also made some corrections, such as the manual intervention of the trend position, as well as the reverse double open positions and many other strategies but my premise is automatic trading, the less human intervention the better, unless even a fool can see the wrong direction Wu Hao invested $ 3000, using more than 600 times the leverage, that can The total position that can be used is more than 1.8 million U.S. dollars with 1.8 million U.S. dollars in the market to earn 10 U.S. dollars each time, 20 U.S. dollars, he felt very solid Of course, according to the characteristics of specific currency pairs, the parameters also need to be personalized For example, the euro against the U.S. dollar may have a small swing range of about 300 points, but the same range of the U.S. dollar against the Canadian dollar will have 400 ~ 500 points, obviously wider than The former, this is the need to consider and grind, the so-called details determine success or failure, foreign exchange traders job performance is reflected in the details 9 months of practice, the account value of 150%, the number of manual intervention is very little he mentioned EA model trading prevalent Wu Haos undergraduate studies is civil engineering, and foreign exchange is completely unrelated, and then he went to the United States to read ComputerScience (computer science) masters degree, and foreign exchange intersection is rich, especially with EA almost inseparable relationship In fact, before Wu Hao to study in the United States, he already has many years of futures trading experience in China 1995, I started as COFCO Group in Suzhou Commodity Exchange ‘ red vest ’ (floor trader), trading commodity futures have red vest ’ (floor trader). The manipulation of trading commodity futures are red beans, rebar, plywood, etc., experienced the 1990s Chinas commodity futures from the fire to the decline of the storm 2000, he went to the United States to study when he first came into contact with foreign exchange, when individual foreign exchange margin trading just began to appear foreign exchange is 24-hour trading, trading needs to focus on the currency corresponding to the countrys major economic indicators, and those At the same time, the global foreign exchange trading volume is very large, even if the dealer control is only a moment since the retail investors and the dealer stand in the same starting line, it mainly depends on personal strength and cultivation for Wu Hao is good at technical analysis, may be at that time the retail investors trading less and good luck reason, foreign exchange is very good to do, mainly istechnical (pure technical analysis) (The then Federal Reserve Chairman Alan Greenspan clutching a small purse an appearance a speech, the foreign exchange market dollar against other currencies will always have a 1 to 200 points of directional market, as long as the direction of the bo right earnings is very good direction of judgment with technical analysis to do the relative win rate is very high he was working while speculating in foreign exchange, easy and comfortable, I just started foreign exchange margin trading in a very short period of time to get a better The return of $5000 account grew to $50,000 after 5 months so I have been forex trading as a second career, while working to learn while trading In 2003, Wu Hao read a media report to visit the North American forex trading and training famous Mr. Zhuang Zhaoji, at that time he was in the Wall Street company as a Unix engineer, and Zhuang Zhaojis company happens to be next door to his company Through this exchange, Wu Hao began to systematically learn economic macro analysis and currency pair analysis methods, and gradually grew into a professional foreign exchange trader But not long after Wu Hao encountered a trading bottleneck, although still in a profitable state, but his account but no big profit growth in 2005, Wu Haos account suffered an unprecedented setback, a year loss of about 40%, on the one hand, he On the one hand, he returned to visit relatives, attention distracted, short into a long line remember when all the way short euro, all the way to do wrong this also gave him a great lesson, let him know that to do foreign exchange must be distracted, full attention, in addition must think of a good way out, set a stop loss, must not be wrong to carry the end In his determination to fully adopt EA to do foreign exchange, slowly experienced the beauty of EA, in short is The EA model trading has become increasingly popular in recent years, with more and more mature traders modularizing their trading behavior and programming a good trading system, which is limited by human weaknesses, trading time and many other factors, program trading, smart trading can circumvent human trading. Intelligent trading can circumvent the shortcomings of human trading for quantitative analysis models, trading behavior is more based on computer analysis of price movements, rather than the subjective judgment of people Wu Hao said, as far as he knows, currently involved in foreign exchange trading retail investors have 40% of the use of EA, now the unprecedented wealth of foreign exchange trading tools and simple, as long as you give the trading software an operating idea, it will be Do your own coding (coding), and there are multi-platform interface, very fast and practical Do foreign exchange should not be greedy, some people are bold, heavy gambling, like to chase the fierce, heavy bets, such people do the right direction of wealth will be like a snowball quickly rolling bigger and bigger, and even doubled a day is not surprising, but once the wind goes back, almost 100% destined to lose their money I saw too many such The mythical story of the great opening Wu Hao said
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