IMPORTANT: Stop Loss should always have the trigger price set to the other side: i.e. for long trades ASK, for short trades BID. Otherwise your stops can be hunted down by arbitrary spread spikes, without the broker even manipulating the middle ...

The best idea for stoploss?

Аll those skills and techniques that you learn through education, both paid for and free, are about 5% of what is needed to become a consistently successful trader. The other 95% is getting to know yourself. Without this, one always ends up losing ...

My Biggest Problem

Do not agree. High frequency manual scalping is a loser strategy, both short and long term. It leads to overtrading, exhaustion and ultimately inevitable loss. Low frequency precision scalping on the other hand can be very profitable, even in the ...

Scalping! Can it really be profitable in the long term?

I use daily candles within last week's candle: Or 8H candles within last day's candle within previous week's candle:

Indicator like Daily Box, but with custom range (mt4)

There is no trend, there has never been. All that there is, are waves of various lengths and amplitudes. The longer ones can be confounded with trends if seen without context. If you figure out how wavelength and amplitude manifests in PA you will ...

Trend following system is dead

I agree with a lot of this. Than again, there does exist an edge for us small fish too. And that is to observe the activities of the big fish and pre-empt their next action, recognizing the build up of momentum from these activities. Making an ...

Where's The Edge?

As soon as you have learned enough about yourself so that you don't follow your greed, you might give up on it but you don't have to any more. If you do not see that success in trading depends much more on being able to learn about yourself than ...

When Should You Give Up On Trading?

I think the edge lies in realizing that the market is neither random nor ordered, but random and ordered at the same time. There are patterns of change between equilibrium and disequilibrium. Each equilibrium state is temporary and in itself is part ...

Where's The Edge?

Any 3rd party software with IB Gateway will do the job. The cheapest would be QuoteTracker --free -- with the patch posted here url Enjoy!

Interactive Brokers - experiences and opinions

Try Interactive Brokers. Excellent execution, very good liquidity and tight spreads. Powerful (but a bit difficult to learn) platform. I love to trade from their BookTrader (DOM) platform. A lot of order types, autostop and bracket orders are no ...

ECN Brokers

Oanda if you want to trade with smaller lots than 100k. Interactive Brokers if you are going to trade 100k or bigger lots, and if you have 10k USD to open an account with. Nothing comes even close to these two IMO.

broker with low spreads + fast execution

This is not the case with Oanda. While they do not guarantee exact stop levels either, they do guarantee that you cannot lose more than what your account balance was, so no negative balance. see here: url Following Oanda Forum I have seen myself ...

Danger.. Why You Should Stop Trading FX - CHF Rate Decision

I'm seeing it with QuoteTracker too, but not for all pairs.

Interactive Brokers - experiences and opinions

I agree. IB is an excellent broker for FX, one of the best IMO. But one has to understand how their system works, and take time to learn their tools. Also one has to have enough equity in order to trade at least standard lots in order to get the ...

Interactive Brokers - experiences and opinions

Cancellation fees are collected by certain exchanges. As for FX there is no exchange, there is no cancellation or modifiation fee at all. IDEALPRO is not an exchange, but an ECN.

Interactive Brokers - experiences and opinions

Sorry to hear this mate, but I have to say it IS your fault. The very same day, this Friday, I traded EU with Oanda the same old strategy of mine, 4 pips hard set SL that I never move, and made 15% gain on my account. Learning to scalp takes time. ...

Oanda Stop Hunting?

FYI I scalp happily and profitably EUR/USD with Oanda. I have a hard set automatic SL of 4 pips, and go for 5-10 pips profit or more. My SL almost never gets hit. So my guess is, that you still have not learned to observe waves. That's all. Typical ...

Oanda Stop Hunting?

Oanda for EUR/USD Interactive Brokers for everything else.

Scalpers favorite broker

An edge in discretionary trading (if we do not consider insider information), is having those qualities that the least people have, and the most have difficulties in developing: freedom of thinking, patience, wisdom, non-attachment, discipline.

What is your edge?

Actually FINRA proposed a forex leverage limit of 1.5:1 url This was iB's comment to it: url Hard to imagine they would allow 100:1 now.

CFTC Final Retail Forex Rules - 50:1 Leverage