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- andersenws replied Oct 24, 2006
You will earn whatever currency your account is funded with. I funded mine with $, and even if I trade the EUR/CHF, I still make or lose $. Also, I will second GANESH, what are you trying to ask? andersenws
Fundamentals of GBP
- andersenws replied Oct 24, 2006
I don't know if you are even looking for advice here, but I'll throw some in. I am also a student, I trade the 4H, and I think that is absolute smallest timeframe you should trade because of your circumstances. It will do wonders for your stress ...
does this only happen to me?
- andersenws replied Oct 24, 2006
There are tons of currencies to trade, but I would say the main ones are: EUR/USD GBP/USD USD/JPY USD/CHF USD/CAD NZD/USD AUD/USD Now imagine every possible combination of EUR,GBP,JPY,CHF,CAD,NZD,AUD, and that's a good picture of all the currencies ...
How many currencies are there to trade
- andersenws replied Oct 24, 2006
Um, Metatrader? Google Metatrader 4 and download it. It's free and has all the indicators and drawing tools you could ever want. It's also a trading platform for many brokers, and it has a strategy tester. I love it and it has made me a better ...
Where can I find good charts for forex
- andersenws replied Oct 24, 2006
Great first post, and welcome to the forum! andersenws
Getting over the demo money habit:
- andersenws replied Oct 24, 2006
Thanks David. I was about to code my stop modifier (don't really know what to call it) and I didn't know when to place it. My idea was to tighten the stop by 10 pips at the beginning of each 4H candle after the trade was taken. Would it be better to ...
My EA, put to the test
- andersenws replied Oct 24, 2006
Very interesting post David. Glad to see you put a Stop Loss on your system, pooshkin. Keep working at it, andersenws
p00zik_EA, the test
- andersenws replied Oct 24, 2006
OK I'm going to step in and defend Sister here. RvrsTrader, back off. If you don't like the plan or think it's a waste of time, then why are you wasting your time reading about it?!? The goal of the plan is to develop one's trading skills until one ...
28 Levels to 10k...
- andersenws replied Oct 24, 2006
One of the cardinal rules of trading is "Never add to a losing position." Ask any of the pros on here. They know that. An example: I have $5000 I buy $2000 of Stock XYZ @ $50 off of a hot tip from my buddy Stock XYZ goes up to $55 Stock XYZ goes ...
which syntax that check open order?
- andersenws replied Oct 24, 2006
You mean you are quitting your job and going full time in a couple weeks?!?!? :surprised andersenws
Are there any full-time traders that are living off the FOREX profits?
- andersenws replied Oct 23, 2006
Thanks pkeigs. I was wondering if anyone knows if you can actually trade lot sizes like 1.04 or 1.52 or something like that. I know that tenths of lots can be traded, but I didn't know if hundredths could be traded or not. Thanks, andersenws
My EA, put to the test
- andersenws replied Oct 23, 2006
I don't know the code for this, but I do know the whole idea is bad. Remember this: image Losers average losers andersenws
which syntax that check open order?
- andersenws replied Oct 23, 2006
Like I said before though, I don't understand how you can get a 50 or 60 pip whipsaw (which is probably where you should put your SL). And I quote from my last post, Best of luck with your system, I'm just trying to help. andersenws
p00zik_EA, the test
- andersenws replied Oct 23, 2006
Sorry I haven't kept this up guys, I've been busy this last week. Here are the results from last week. My demo was down for the middle of the week, so that is why the statement reflects that. I've also attached a backtest of the forward test from ...
My EA, put to the test
- andersenws replied Oct 23, 2006
Ok I'm going to add in my 2 pips here. Take them as you wish. First, your R:R is out of control. TP at 6 pips with unlimited loss potential (which is what going without a SL is saying)? That is crazy. I don't understand how a SL can "give bad ...
p00zik_EA, the test
- andersenws replied Oct 21, 2006
I think twinchell would agree with me though that this doesn't mean you should put more money on it. This is getting into very poor money management and the gambler's fallacy. Just because you are on a losing streak doesn't mean you are "due" for a ...
What actually works.
- andersenws replied Oct 21, 2006
I think if you place Text instead of a text label it will stick in the spot you originally place it in. I'm not sure what you mean by "resize". Do you mean change timeframes or change the actual size of the chart? Either way, in my experience Text ...
MT4 Chart Labels
- andersenws replied Oct 21, 2006
You could just try to draw a rectangle with height=1 and length=20 bars or whatever you want. It's under Insert-->Shapes-->Rectangle Hope that helps, andersenws
MT4 question...
- andersenws replied Oct 21, 2006
I have been studying the various backtests I'v erun today and discovered that I need to put a filter of some kind on these trades. Most of the losing trades are longer than 12 or even 24 hours. The winning trades on the other hand, are almost never ...
My EA, put to the test
- andersenws replied Oct 19, 2006
Ok I got a new account, reinstalled MT4, and re-imported my Alpari Data. I took 3 more trades since my MT4 account has been down. I have decided to just post the week's results with all the trades of this week as well as some analysis. See you ...
My EA, put to the test