its a success because this is a difficult business. It's not a HUGE success, but its definitely the first step.

Do you consider breaking even over several months a success?

Why did I lose this trade? Maybe i shouldn't have taken it because its countertrend, but I sold euro last night based on macd signal and rhythm. Any thing I overlooked? Anyone?

4 Hour Strategy (MACD)

Sure, "trends" and "ranges" are mind-created concepts like any other aspect of reality, but if you throw them out completely, its a little silly... kind of like saying, there's no such thing as traffic jams or free flowing traffic. There's only cars ...

There are no trends or ranging markets

Thanks Phillip. I really enjoy this thread and your very nice audios. I feel like I know you a little bit from your sound files. You talk about how you need a high hit rate if you are doing partial profit taking. Is there any reason someone couldn't ...

4 Hour Strategy (MACD)

I had 3 profitable weeks making lots of trades on lots of pairs. Then i lost it all back in a few hours. Hence, this system was born. At this point, i plan to trade EUR/USD , GBP/USD on 4H and scalp EUR/USD and USD/JPY. It really doesn't make sense ...

A Scalping Money Management System

yes, I think it might be a good idea to post about that in broker's forum! This thread is long enough lol

4 Hour Strategy (MACD)

question for anyone on the 4hr system, when we already are crossing over the SMAs/EMAs, what then is the main profit target?

4 Hour Strategy (MACD)

Yes i was talking about a trailing stop, which would be done manually

4 Hour Strategy (MACD)

going to give it a whirl in 08! — hi Phillip, I've spent the last several hours reviewing your system and I'm sure i'll need more time to review it and of course trade with it. I agree a trader need a system and stick to it...I will try this ...

4 Hour Strategy (MACD)

wow — Phillip, this is a veritable GOLDMINE of information you've put together for us. I'm loving this... thanks. you're the man... Chester B

4 Hour Strategy (MACD)

problem is statistically with the spread you are always at a mathematical disadvantage...

Change a losing system into a Winning system

how bizzarre! I doubt it would have to do with your firewall. Why dont you try installing a new instance of metatrader from another broker and see what happens? If it works, you can copy over your templates , indicators and experts.

Problem adding indicators to charts??

so you see them on the left side panel in custom indicators,but they just wont attach?

Problem adding indicators to charts??

In terms of picking a time frame for direction, larger time frame usually trumps smaller one; basically you have to trade when both time frames are going in same direction.Without proper money management, you WILL blow your account orsuffer serious ...

Karmo's trading strategy trading GBP/JPY

did you try recompiling them?

Problem adding indicators to charts??

Just curious, what broker and platform are you using on your blackberry? Thx!

.SI4 for GBP/JPY & EUR/JPY

You could be right, I'm not really sure because I always use stops now and dont get anywhere near margin calls. If you're using good MM/RM the only possible reason you'd need to be concerned about this is if you actually wanted to place a stop ...

OANDA Discussion

Exactly, I charge price/hour substantial rate, but I work fast and probably do any EA in a day or less. That's what I meant by expensive... Well worth it. I've written my own EAs before but never found a grail obviously. I have found through my own ...

MT4 Programmer Needed

Lots of ways to use fibs. Most common is to plot retracement levels. Pick any major swing high/swing lows and draw your fib retracements. Very common for price to find Support/Resistance at 61.8, 50, and 38.2 fib levels. Works on any pair, not just ...

USD/JPY Discussion

I can't say i'm 100% sure but I dont recall Oanda ever contacted me before closing one of my positions that I just let go the wrong way. You can always chat with their customer service , who are on 24/5 and very helpful.

OANDA Discussion