I use the typical spread plus one pip and round it up. This is simply to account for the wider spreads that often happen at important levels. to simplify the script you could just adjust the stop size to 24 or 25% and the spread would be accounted ...

Ramblings of a Forex Junkie

Don't use any auto trade provider who: 1) trades on demo 2) hides his or her open orders 3) hides the equity balance but is happy to show you the account growth 4) wants to charge monthly or weekly Only use providers who are transparent and will ...

i need good signal service!

The requirement for two full bars is important and that will improve the hit rate considerably. If there is another level within the stop range for a potential entry it is better to default to the outer level. Missed trades are not as costly as stop ...

Ramblings of a Forex Junkie

I want to remind everyone that when Europe and the UK move to summer time next week the start time for the method (daily open) moves to 04:00 GMT. All other times in GMT move back one hour as well. I arrange my trading so as to be in line with the ...

Ramblings of a Forex Junkie

Thank you! It isn't really that insightful. It's just common sense, trading 101.

Ramblings of a Forex Junkie

I am going to have some questions regarding this. I need to look your rules over. I was told that this was too complicated to code and I do use some discretion with which levels and pairs I choose to trade. If this EA makes a profit purely ...

Ramblings of a Forex Junkie

I generally use 20% across the board unless a pair is having unusual volatility. It is counter to common sense but pairs with smaller ranges are the ones that sometimes need the higher percentage. Twenty percent holds up quite well on all pairs ...

Ramblings of a Forex Junkie

Each day. I calculate it just before I begin looking for trades. I just started putting it on my screen in text so I don't have to keep toggling to the daily timeframe and calculate for each trade entry. The stop sizes actually change pretty ...

Ramblings of a Forex Junkie

That spike down through the daily open stopped right at the London close from Wed. That is why I like the London close so much on the pound pairs. Of course I was sleeping when this happened.

Ramblings of a Forex Junkie

That one didn't last long. Have a great Easter Olarian. Enjoy some family time and a nice break.

Ramblings of a Forex Junkie

Here was the GJ trade if any one is interested. Also for those who don't have a lot of time to devote to this. Yellow line is the London close from Wed. Look at all the opportunities for a quick trade for twenty or thirty pips. Can you devise a ...

Ramblings of a Forex Junkie

No I closed my platform after the GJ trade last night. Just had to chase one more percent as I am a junkie too.

Ramblings of a Forex Junkie

Bingo Bongo. Close to UK close and holidays tomorrow. Trading is officially closed.

Ramblings of a Forex Junkie

Most of the method is laid out in the first thirty pages of this thread. The news trading is somewhere in the middle. All very simple. Some of the readers here said they were making documents of some of the posts but I don't think anyone ever posted ...

Ramblings of a Forex Junkie

Junkie

Ramblings of a Forex Junkie

Bingo.

Ramblings of a Forex Junkie

A valid question and one I expected. First there is a misconception in the question. Good fund managers are the BEST traders. To attract real money, millions of qualified investor dollars, you have to have steady gains with low draw down. If a money ...

Ramblings of a Forex Junkie

Still holding? If so I would probably take profit at weekly level.

Ramblings of a Forex Junkie

The account is real. The simulation I was refering to is the unexpected bit of self awareness about my trading stats now that I have an account I plan to make public. I find it odd that I am suddenly making trade management decisions with a bit of ...

Ramblings of a Forex Junkie