MetaQuotes is currently combining the functionality of MT4 and MT5 atm. They'll be releasing it as a patch down the track that will allow OOP to be used in MT4 but (hopefully) will still have the ticket trading system rather than MT5's one. To be ...

MetaTrader 6?

Well my broker says that the stop loss levels don't get sent to the liquidity providers. The reality is, stop loss hunting can be estimated by looking on the chart and estimating where people are likely putting their stop losses (or places where ...

How banks push price against you?

The drop in unemployment is because of the reduced participation rate. This isn't good news for the USD.

USD/JPY Discussion

Have you tried taking half profit instead and leaving the stop loss where it is (assuming the half profit + current stop loss if hit = break even). That way you can give the trade room to move while still breaking even if it goes against you. But ...

Price Action and Trading Discussion

Slippage exists when someone wants to buy at a given price but there isn't enough sellers selling at that price, so all of it gets bought out at that price and then price moves to the next level of liquidity and buys all of that, etc until the order ...

Slippage explained

If you really wanted to, you could simulate a binary option with normal trading. That way you wouldn't get hit with the bad risk reward ratio. If price is above / below x after a certain time, close the trade (and take what ever money was made or ...

What's your take on Binary Options

I had this issue with my existing broker. I asked for them to make the current demo permanent and I've had it ever since. They said that they were ok to do it because I had a live account with them. So it might be a similar issue with Pepperstone.

CHOROS System

That program is awesome. I might have to get it. I use Clip2Net but it's very basic (but free). SnagIt seems a lot more robust and has a lot more features.

Price Action and Trading Discussion

Hi DW, What software do you use to put the arrows, shading (the ellipses), text, etc on your chart? Also, do you use it as part of your record keeping for every trade? If so, what other things do you record for each trade? Thanks

Price Action and Trading Discussion

Lol yeah. Turned out pretty good.

Price Action and Trading Discussion

Regarding the AUDUSD going up: RBA rate decision in an hour. Highly expected to drop the rate. Given it's so expected and probably already priced in, it might jump up even if the rate is cut (sell on rumour, buy on fact). Maybe people are buying ...

Price Action and Trading Discussion

Would you say you were making more money from trading the 5 min chart than what you are making now?

Price Action and Trading Discussion

Hi DW, Absolutely loving this thread! I'm up to page 36 but skimming ahead I noticed you seemed to have stopped posting the 5 min chart trades. Do you still do these trades or is it only hourly and above nowadays?

Price Action and Trading Discussion

Here are some ideas that I can think of: *more leverage (this will reduce the margin you're using to hold the legs). If you're able to increase the leverage right now, it will be the best solution as of right now. But you'll encounter this problem ...

Building an equity millipede

Nice one Vee. We are a product of adversity. Our circulatory system will only become more efficient when it struggles to cope. Our muscles will only get stronger when they can't cope. Our skin cells will only work to protect themselves when hit with ...

Building an equity millipede

I find this interesting. I view it the other way around: If I'm physically unable to close out / manage a vulnerable trade because I have other profitable trades that I'm required to close before I can close that vulnerable trade, then I'm closing a ...

Building an equity millipede

Hi, Out of curiosity, with the FIFO rules in the US, are you allowed to have 2 accounts with your broker where you can make long trades on one account and then make short trades on the other account in order to simulate the trading in both ...

Building an equity millipede

Was on a run and got a $500 account up to $1200 and then it slowly dropped to $800. I got frustrated and changed tactics and then lost $800 in one minute. That was a few years ago now lol. Oh fun times....

What's your greatest loss in trading

Using stop losses would be a good start.

Still losing