Well, the pullback did happen. Not much of a surprise being the last Friday of the month. Probably for the best though -- I don't like trading on Friday anyway! Pairs I'm looking at for next week: USD/JPY and GBP/USD

Daily 14 Channel

Cool. Let me know how it goes for you. Honestly though, I don't see much of a need for an EA. You only need to check your charts once a day and the system doesn't produce a high volume of signals. Not on the daily at least. Now, if you plan on ...

Daily 14 Channel

Barring any major pullback in the next few hours, looks like we'll have a signal on GBP/USD. Conditions are not ideal though. I'm not thrilled with opening a position on Friday, not to mention shorting near 1.50 psychological support level. But ...

Daily 14 Channel

I've traded most USD crosses, EUR/GBP, EUR/JPY, GBP/JPY, EUR/AUD, GBP/AUD thus far. Still staying away from anything CHF related. I only enter off daily timeframe. No lower. Too much noise on lower timeframes. Plus... Trading daily charts teaches ...

Daily 14 Channel

No this isn't scalping. We're trading the daily timeframe and looking for 200 pip moves. Scalping would be trading the one-minute timeframe and looking for 5 pip moves.

Daily 14 Channel

Gotcha. Thanks for sharing your hard work with us!

Robot Lab Project

Great thread Abok.... So which EA are you liking the most so far? If you had to suggest only one for a trader to test, which would you recommend? Thanks

Robot Lab Project

I never claimed to be an "experienced trader"... obviously I'm not, or I wouldn't be asking this question. I've been demo trading for 8 months and have done fairly well at it, and no, it is not a "serious" sum. I'm going to be depositing $2,000.

What's Better: Regulated Market Maker or Unregulated ECN?

I think you're missing the point of the thread. I already have an account where I employ a traditional approach (1% of account per trade). This is meant to be an experiment that involves hyper-aggressive risk. So starting with $200, you would trade ...

Hyper-Aggressive Risk Strategies

I have a method I've been somewhat successful with. The problem is it's a scalping method that targets 10 pips per trade. To go from $200 to $400 in 10 pips would require insane leverage. Like 1,000:1 correct? Not sure I can find that with a ...

Hyper-Aggressive Risk Strategies

Post your charts. To have that many losing trades chances are you're doing something wrong.

Magic 5 - five pips only

Please read the whole thread! The subject of stop loss has been discussed already. There are no hard and fast rules when it comes to that (not by tk5's words anyway). I would set it at either the high/low of the previous candle or 10-15 pips. Just ...

Magic 5 - five pips only

Fair enough. Admittedly, I don't know a lot about EAs and what optimizations may or may not mitigate this kind of scenario.

Magic 5 - five pips only

This exact trade, to me, exemplifies why an EA may not work so well for this. There are "gray area" considerations that the human brain must consider before taking a trade. I've lost on this exact setup before, and what I've done since is implement ...

Magic 5 - five pips only

What is your suggestion for someone trying to trade the NY session on a phone with an MT4 app that does not have HA candles? I don't have access to my computer given that I'm at work all day. If you were me, would you trade the NY session (more ...

Magic 5 - five pips only

Thanks for starting the thread tk5.... So for I'm 12 out of 14 trading this approach on demo (and one of the losses was because I screwed up and traded during news, otherwise 13 of 14). Going to demo a little more than try it out on my live account ...

5 PIPS - Only Five