Don't they just put that stuff out because they already got their shorts in, and they just want to have everybody else do the same? Or is there some objective merit in what they are saying? andersenws PS Love the avatar

Textbook "Reversal Day" for GBPUSD

I like this journal format and wish you success. I also enjoyed your analogy. Just wondering if you could release some details, such as timeframe, any specific pairs you trade, technical or fundamental, etc. Thanks, andersenws

100 Trades Analysis

It really doesn't matter what ET is in GMT. All that is is the time the signal was given. However,it is GMT-5 I believe. andersenws

Low Risk, High Reward Trading Experiment

I honestly don't understand what this is about. I understand the 3 bar setup, but I don't get why it generates a signal on the first bar? andersenws

The Scalper Setup

Yes, Metatrader can alert you. This would be a custom indicator or EA. With an EA, you can do automatic backtesting using the strategy tester. andersenws

MetaTrader - My custom indicator - how to?

aicccia, I was asking lifetime_trader why he entered the trade because he seemed very nervous about it. I don't question you at all, you sound like you have a plan, and are confident in what you are doing. I myself entered short at 1.2780, and I am ...

EURUSD

I don't think you're in too much trouble. I think we may have a 1-2-3 reversal on the 1H which would put you in the money. In the meantime, I would put you stop at 1.2590-95 and turn off your computer. What was your reason for taking this trade so ...

EURUSD

Wrong andersenws

Absolute Simplest KISS Method. Also, how do we measure risk reward?

Check out Metatrader 4 and the Metatrader forum right here on Forex Factory. andersenws

Programming Orders

There is no such thing as certain in life, much less in Forex. I would institute a SL. Capital Preservation and Risk Management are key in Forex, and going without a SL is crazy, no matter how confident you are. andersenws

Absolute Simplest KISS Method. Also, how do we measure risk reward?

Ok. here's how I set it up. It calculates the High and Low of the last day and sets a BuyStop at the High and a SellStop at the Low. If these orders are not triggered in that day, they are closed. The way I did it I described earlier, so i will not ...

Absolute Simplest KISS Method. Also, how do we measure risk reward?

Sorry, I forgot to mention the SL and TP method. I started with a Stoploss of 25 and after 25 pips, I move it to breakeven and it becomes a trailing stop. I will test it on some other pairs tonight. andersenws

Absolute Simplest KISS Method. Also, how do we measure risk reward?

Made an EA and tested it on EURUSD for year 2005. Report attached. Results, with a static order size of 1 lot, showed profit of $4629 with no Absolute drawdown and 52% accuracy. andersenws

Absolute Simplest KISS Method. Also, how do we measure risk reward?

I am not going to knock you permanentjaun, I think anything requires some research before a conclusion can be made. I'm going to try to make an EA of this tonight. It should be pretty simple. andersenws

Absolute Simplest KISS Method. Also, how do we measure risk reward?

You're gonna want to post the .mql4 file, I don't think it's possible to edit .mq4 andersenws

EMA cross EA

Congrats Sister, keep it up! andersenws

28 Levels to 10k...

Hey itme, great thread, very interesting experiment you have going on. I too think the AUD/CAD will begin its major descent in the next 6 hours. Just wanted to know where you are at with this experiment? How confident are you know in your system and ...

Low Risk, High Reward Trading Experiment

I have coded my stop modifier and will post the backtests later this week. The EA has been slow these past couple weeks, and my connection hs not been so great. I do believe I had a losing trade last week, and I have a SELL currently open at 1.2715. ...

My EA, put to the test

Ouch! I deserved it, though. andersenws

What's the diff b/t ADP NFP and NFP?

*Hint* click "read" to the right of the name and it will tell you all about it andersenws

What's the diff b/t ADP NFP and NFP?