Two years ago, I was loosing money on a short GU position. I did not close fast enough and it went against me. I thought, it will go my way again but it did not. So I hedged myself to "FREEZE" the loss. Indecision. I was tired and confused; should I ...

whats with this "hedging" thing??

Though the charts above are from Demo, that does not imply I am doing it on demo only. I posted the demo because it clearly shows the error of standard "x2 Martingale Strategy" (check the huge hickups) vs "less aggressive Martingale". FxTradePro, on ...

Martingale EA

Martingale is Money Management — Martingale Strategy has been very much misunderstood by a lot of people left and right. Though the principle of Martingale is to keep betting until you win, many fails to understand that you cannot do this ...

Martingale EA

Whats the logic behind this grid?

Grid Ea

Use my Pivot Point indicator. You can use any timeframe chart (ie, you want to look at M1, M5, or M30), attach this Indicator and select timeframe you want (M1, M5, M30 ...) Example: Chart M5 Indicator, choose H1 Result: You will see Hourly Pivot ...

Request Numeric Indicator for Pivot Point

i wonder why you find what I posted as cryptic. EA for martingales are abound and one I use is a derivative from EAs found at tsd. What differs from each other is the MM involved. Instead of immediate x2, i do x1 for several levels before doing x2. ...

Martingale EA

Updated PriceAlarm version 2. Has 2 Lines / Alarm levels: One for BID (red) and one for Ask (green). These alarms are independent of each other. They can be positions either above or below current levels or from each other. Like before, delete a ...

anyone have alert for when price near stop/buy order

Be reminded that my previous post was a comparision between a Fix Spread MetaTrader Broker (NF) vs a Floating Spread MetaTrader Broker (RoyalIkon)- AND NOT vs a True ECN (such as Currenex or Oanda even). I tried trading with Royal Ikon because they ...

Why floating spread is better then fixed

I am currently trading on both sides: Fix and Floating. I would prefer a FIX Spread broker anytime! I trade GBPUSD. On the Fix spread broker, I pay 4 pips spread regardless of market volatility. On the floating spread broker, I usually get in at 3 ...

Why floating spread is better then fixed

I think it is possible. YM can be used to pop up alerts when an email is received. So, make an Alert that sends email to your YM address!!! Unfortunately, i am not into writing email modules in mt4.. :

anyone have alert for when price near stop/buy order

POPUP is possible but If MT4 is minimized, popups will be minimized as well.

anyone have alert for when price near stop/buy order

This is a "Script"; install it inside the Script folder. To use: 1. Attach it onto your chart, a Horizontal Line will appear on the chart. By default, this Red Line is 30 pips from current Bid Price. 2. Move this Horizontal Line up/down to adjust ...

anyone have alert for when price near stop/buy order

There is one flaw in this system: Martingale Martingale system has the inherent flaw such that, the odds will catch up sooner or later. You can delay this odd with larger account size - then again, you may end up with larger losses. Yesterday, all ...

Martingale EA

Recent events would remind us retail traders that we should consider two factors in judging a broker for "reliability". Often, we equate reliability with execution of orders, good fills, no slippage, no stop hunting, no delay executions. etc.. These ...

FXCM Discussion

Im seriously considering going back to FXCM when they offer MT4 platform. What I dont like about them is they oftentimes spike the market to hunt stops - Royal is doing just the same too.

FXCM Discussion

Closing several orders (if not all) implies that you are in a hurry to close them. Therefore, if you need to close only a selected ones (ie, 5 of 7), this will require you to "choose" the orders and therefore, the element of urgency/speed is lost. ...

closing selected orders at once

You start with a very very small position - either way. After every x pips in the red, you double the lot and adjust the TP to average with a profit. Repeat. Price dont move in one straight line without making a retrace. And when it retrace, it hits ...

Martingale EA

This is my pivot indicator. There are two choices, Fibo or non-fibo Pivot. The standard is non-fibo. You should enable "DLL" to make this work. Regardless of broker you use, this indicator will self adjust to start the day at 22:00 GMT (= UTC 0:00) ...

looking for indicators for paint pivot area

One Martingale system I am currently studying is a simple average down by doubling stake and bottom fishing. Attached is the account summary made from 4 days of demo trading. More time is needed to assess the success of this system though.

Martingale EA