In the future, you may wish to use to use this VBA macro to separate the Year, Month and Day from the 'text' date that's imported from MQL4. Three blank colums need to be inserted to the right of the Date colum before running it. Public Sub ...

Statistical Probability Trading With Price Action

The method for manual backtesting I've come to know and love is a bit more complicated, but once learned is really cool! There's a way to do visual backtesting with any indicators you desire. By doing so, you can stop the test at any point and no ...

Manual backtesting tips and advices

Thankyou for the detailed explaination. It's amazing how much confidence your info has given my trade decisions lately. I don't care that it's not a system, I prefer a methodology to a system any day.

Statistical Probability Trading With Price Action

Hi Goodthings, One quick question. If I use an ATR indicator it gives me similar but different values for AWR in GBP/JPY. How and why do you calculate AWR?

Statistical Probability Trading With Price Action

Arbitrarilly going against the majority is a recipe for disaster. To make this work one needs to know where the stops are located. The market usually makes large counter trend moves only when large investors can trigger the stops. Until that ...

Trading against the majority

I mainly use a six inch digital BP monitor, due to trading too many slow markets when I was younger! Occasionaly I switch to the EKG monitor when things get exciting.

Show your workstation!

Thanks Dopey, Don't know why you picked that user name, but after I read your posts, I usually feel a bit like Goofey! I haven't read many books with much 'technical beef' to them yet. DiNapoli's sounds like a good place to start.

education

Skygod is right. Look around, take your time. There's so much info right here at FF. After you feel cumfortable put the 6K in an account that offers micro lots at first and before you know it you'll be on your way with mini lots. I wish I had found ...

education

Very well put PipStar. FF has several articles by Editor and other people who've had direct contact with the 'machinery' that moves the FX market. I've done well at times by pretending that I'm on the other side looking for the sheep and their ...

If 95% of traders fail.....

I could be wrong, but an FX broker I still have cash deposited with was fined by CFTC last year for several things like failure to supervise employees activities on the job and missleading advertisment. Still haven't heard anything about a ...

If 95% of traders fail.....

You're absolutely right. I'm being sarcastic. Another question I have about the Forex market: Why does the money a Broker is fined by the CFTC go to the CFTC? Shouldn't it go to the people who were screwed out of it by the broker? Where's the ...

If 95% of traders fail.....

Most likely. It's difficult as a trader to know when and where the next sheep slaughter will happen. I can easily remember two times when my last two live account retail FX brokers laid out detailed trade setups that had a 'very high probability of ...

If 95% of traders fail.....

Interesting. How many are going under? I've heard of a few, but there are hundreds out there, many of who just started up within the last year or two. The market seams to be saturated with new brokers tying to get into the game. Why is this?

If 95% of traders fail.....

Is there any other kind? Maybe the question should be: Why do so many brokers get rich?

If 95% of traders fail.....

Yes, too bad I'm not more of a conformist. I could still have a job in a safe little cubical where I wouldn't have to make so many decisions for myself. Unfortunately, that lunch stike is still on my school record and I'm labeled as some kind of ...

If 95% of traders fail.....

Boy, I'd love to organize a group of traders with deep pockets and a strategy that sets up Brokers who trade against their clients.... Too bad I got busted in the third grade for organizing a lunch strike. I'm sure their still watching me ...

If 95% of traders fail.....

Fxez, I disagree, you see knowing WHY so many fail is the key to being successful! A person will never get into the 5% without EXPERIENCE of past mistakes, good traders are not born overnight, takes time and many failures. ...

Why do 95% of traders lose?

I think I'm qualified to answer for all the loosers out there. We loose because we are the smartest traders in the world and eventually the market wises up and does what we want it to. I'll be dammed if I let the market make a monkey out of me! oo ...

Why do 95% of traders lose?

Glad I could help. I picked that spreadsheet up off a brokers web site last year. Can't remember who though, I removed that link a long time ago. Wish I could take credit for it's creation. I'm not sure about the math behind it; although I ...

Money Management, Please help.

Hi Goodthings, Your work has inspired me to concentrate more energy on stats and I would like to share what I've learned so far. The attached zip folder contains an Excel workbook of stats related to breakouts from previous day highs/lows for ...

Statistical Probability Trading With Price Action