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richyRich27 replied Aug 15, 2018FF's entire 289 page thread is about market manipulation. Here he says no one can do that. I still dont know if 200 lots or more would move the market and therefore make nimble trading impossible as I have suffered some stupid setbacks that have ...
Does 100 lots move the market?
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richyRich27 replied Aug 15, 2018To expand on my above post. Your mind will begin to give you answers if you take on the burden and apply yourself. Start by observing the market, test small ideas with small money, have modest pip expectations, look for reliable, high probability ...
Does 100 lots move the market?
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richyRich27 replied Aug 12, 2018I have heard this before and its not true with due courtesy. Your gains do not come from fellow traders. Your gains come from the liquidity providers of your broker. Banks and high net worth individuals who choose not to hedge your trade, buts ...
Does 100 lots move the market?
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richyRich27 replied Aug 11, 2018lol tis true is it not? Anyone that has actually spent a decade trading with dimes, fencing with misery months on end, quitting it, swearing off forex, then returning with renewed vigour and Herculean fortitude, only to fail again, to quit once ...
Does 100 lots move the market?
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richyRich27 replied Aug 11, 2018I know several ecn's that offer 500/1 it does not mean they are bucketshop's, they are just responding to market pressure. Also there are legitimate reasons why 500/1 can be helpful like holding stops without system interference. The quickest way to ...
Does 100 lots move the market?
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richyRich27 replied Aug 11, 2018I know a trader, he stayed at our motel and we had a chat. He invited me to his room before dinner and showed me what he does. He told me he had 10 years face time looking at charts before he developed the system he showed me. He stated, "it takes ...
Forex Frustration Venting
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richyRich27 replied Jun 11, 2018The thing about drawdowns is you gotta hold your course. Especially if you're using high leverage. I have been at 15% of peak capital, then got it all back within several days. You gotta be kamakazi. Execution is all important particularly when ...
Does 100 lots move the market?
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richyRich27 replied Jun 11, 2018One last thing, leave any broker that consolidates your trade cost into the spread. You can never have accuracy and the spread on eur usd is ZERO most of the time, sometimes even positive, but rarely more than a pip or two in stress. My broker hits ...
Does 100 lots move the market?
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richyRich27 replied Jun 11, 2018But obviously not ridiculous leverage. The recommended 2% of your trading capital=your stoploss...to me is not viable. I use 30% (which to some may seem ridiculous) but it depends. My own strategy does not rely on taking a full stoploss, I know I ...
Does 100 lots move the market?
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richyRich27 replied Jun 11, 2018Thanks renaissance, bright insights. My own pet theory about leverage is contrarian. And to me, at least it makes sense. Leverage is a triple edged sword, not a double edged sword. You can make a lot of money, you can lose a lot of money, but you ...
Does 100 lots move the market?
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richyRich27 replied Jun 11, 2018Spot on. Also banks have that liquidity problem AND no leverage, so the exchange is mainly facilitation. (Being banks they cant use depositors money to trade with) which also has me wondering about hedge funds. I assume all hedge funds are just ...
Does 100 lots move the market?
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richyRich27 replied Jun 10, 2018all retail brokers answer to liquidity providers (the banks) your retail leverage puts you right in the king position of the banks. If you have a viable system and therefore use extreme leverage, you are trading at the same level of banks and can ...
Does 100 lots move the market?
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richyRich27 replied May 27, 2018...but I hope Im wrong, my limited research shows this conclusion, because Im on my way to 200 lots or around $2000 per pip (20 mio) but on the other hand, Nick Leason demolished Barrings bank with 800 million losses ...IN THE 80's!!! if that much ...
Does 100 lots move the market?
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richyRich27 replied May 27, 20181 million lots? Yes, definitely will go up in the direction you are buying into the thing we forget is that we have extreme leverage. 8 to 10 million is huge...but making billions using just currencies cannot be done without moving the market. The ...
Does 100 lots move the market?
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richyRich27 replied May 27, 2018If you view the market depth of eur usd (which is really the only pair worth trading) it typically has around 8 to 10 million available without any distance from the current price. It ticks and disappears, then re-appears, probably because not ...
Does 100 lots move the market?
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richyRich27 replied Feb 20, 2018Can anyone please confirm if any of these named websites can let you backtest an EA and the EA behaves exactly the same on live forward test account? Now THAT would work for me. Becoz MT$ is hilarious.
Backtesting environment alternative to Mt4
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richyRich27 replied Aug 8, 2015Interesting thread, thought I would offer my 2 and a half cents. Of course backtesting works, providing you can clone your ea's moves. Remember, over 100 trades, if your entry is on average out by even 1 pip to the ea's then thats in and out 200 ...
How useful are EA backtest results?