68: Ivo on Working Vs Trading For A Living & Daily Chart Technical Analysis

by Cam | Mar 30, 2017 | 26 comments

A “spreadsheet junkie” like he calls himself, Ivo Luhse found automated trading was the way to succeed in the Forex market.

He does this by using various robots on the same trading account; each robot trades a different strategy, and averages about one trade/day.

Ivo believes that if you treat trading as a hobby, you’ll never make it in this business!

In the show Ivo shares:

One of his candlestick patterns strategies with 85% accuracy
His journey to become a profitable trader
His view on automated trading
4 elements to a high success rate trade on a daily chart
The biggest mistakes in trading

26 Comments

XxxRi on March 30, 2017 at 9:28 am

do we have this fxblue stats on monthly level maybe?
- Ivo on March 30, 2017 at 9:45 am
  
  Hi,
  Not sure what you mean?
  Average monthly return is shown in the stats.
  If you click on the fxblue stats image it will redirect you to the fxblue site where all the stats are available.
  - XxxRi on March 30, 2017 at 9:50 am
    
    Oh I see, thank you. It is different look then myfxbook but still it shows.
Jesmond Dene on March 30, 2017 at 6:59 pm

Very interesting interview. I will definitely test the weekly open strategy. Just one question Ivo: Do you have a list of all the 27 currency pairs you trade somewhere?
- Ivo on March 31, 2017 at 9:32 am
  
  Hi Jesmond,
  Thank you for listening. Yes, you can find all the pairs I trade on this blog post: https://www.evestinforex.com/blog/2016/9/15/automated-trading-systems-with-character
dineaux on March 31, 2017 at 12:27 pm

Hello Ivo & Cam, Great episode!

Ivo: For the above mentioned strategy. Do yo look at the pair that has moved the most in pips or compared to a certain volatility average?
Thanks ,

Serge
- Ivo on March 31, 2017 at 1:46 pm
  
  Hi Serge,
  Thank you for listening.
  I did test % move method and ATR % move method for this weekly pullback strategy but the end I stayed with a simple pip counting method as it was the easiest to use and it also showed the best results.
  - dineaux on March 31, 2017 at 1:56 pm
    
    Awesome Thanks!
Daniel Da Costa on April 2, 2017 at 6:21 am

Hi Ivo & Cam! Thanks for the strategy. When you say Monday open, would it be once the forex market opens ?
- Ivo on April 3, 2017 at 12:54 pm
  
  Hi Daniel,
  Yes, once the Australian market opens on Monday, this is 22:00 UK time on Sunday. You might need to wait for about an hour to get decent spreads (5-10 pips).
Paul L on April 3, 2017 at 10:57 am

The best pod cast in the whole series. Telling it as it really is. Great stuff Ivo
- Ivo on April 3, 2017 at 1:07 pm
  
  Wow.. cheers Paul.
  I’ve always been a straight-talker 🙂
- Cam Hawkins on April 3, 2017 at 6:59 pm
  
  Thanks Paul, Ivo does a great job!