Thread: My OSAMA System

Trade # 1
SELL EUR/USD @ 1.2858

11:57 AM ET

I am pleased to see so many young people wanting to understand Forex. I too am 19 years young, and was invloved in HYIP progr wondering when was going to get compensated. Your story is alot like minetoo read what there is to learn about poker in hopes of being the youngest world series of poker winner . Since that time, I have realized I have a back incase that does not happen . So here I am, I didn't mean to waste posts of your thread, but GOOD LUCK!!

Originally Posted by ;

I believe I've created a mechanical system which has 5%-10% invested per trade will yield 75%-200% per month. The system is very finely tuned to fit the 30 minute charts on the eur/usd and this really is the only time or currency pair that I exchange. 5%-10% a transaction, statistically speaking, ought to keep your drawdown's under 7%, sometimes even 5 percent.

Could you elaborate more on this? Are you really saying you risk 5%-10% of your funding per transaction?

Originally Posted by ;

Can you elaborate more on this? Are you saying you risk 5%-10% of your capital per transaction?

Yes, and it's fine to risk that even if your drawdowns are that low too. I know it's not the norm.

AICCCIA,

I'd like to know what is the osma? I understand. JIM

Originally Posted by ;

yes, and it's okay to risk that even if your drawdowns are low too.

I agree, if your drawdowns are low enough you can risk 5%-10% per trade. What I don't understand is the way your drawdowns are significantly less than that which you risk on a trade? Does that mean that you never lose a trade? I am somewhat confused is all, I am not trying to knock you.

Any stop or target? Or is that determined as the trade progresses?

Originally Posted by ;

Trade # 1
SELL EUR/USD @ 1.2858

11:57 AM ET

Originally Posted by ;

AICCCIA,

I'd like to know what is an osma? SMA I understand. JIM

it is one of the standard indiors like the MACD. Really it's dirived in the MACD. Look at the macd and you will notice there is a sma line running down and up throughout the histogram. The osma indior is the histogram - the sma. So on the macd where the histogram is over the sma lineup, on the osma you will have a positive histogram. On when the macd histogram is below the sma line, you will have a drawback osma histogram.

The Complete title of the Osma is Moving Average of Oscillator. Myabe this rings a bell.

Originally Posted by ;

Any target or stop? Or is that determined since the trade progresses?

Determined as the trade progresses.

Originally Posted by ;

I agree, if your drawdowns are low you can risk 5%-10% per trade. What I do not understand is the way your drawdowns are less than that which you risk on a trade? Does that mean you never lose a trade? I am a little confused is , I am not trying to knock you.

If I risk 10% on a $1000 mini account using a eur/usd trade and shed 20 pips on a terrible trade, I've just lost $40, blowing off spread.