The lowest water mark recorded so far was -64.46 or roughly 13% drawdown. If it were to get something close to 20%, that should definitely prompt you to either lower the lot size or increase the deposit.

System of Pending Orders

50, 100, and 200 periods are the ones considered for grail but it would be a lot easier to develop your own instead of reverse engineering. In general, I would recommend to always look at long periods. For example 500, 1000, and 2000 are fine ...

System of Pending Orders

I'm not an affiliate or a customer but I do know such a thing is possible with this software intended for tick data testing.

How can I open more than 40 MT4 platforms simultaneously

I'll start a separate demo account starting on each weekday next week and all ending on Friday in order to estimate which day is a better start day on average for this system. I'll post the results since it may be insightful for other strategies ...

System of Pending Orders

The system is currently in a drawdown. From what I've noticed so far, the drawdown seems to occur on Tuesdays and seems to come out of on Wednesday, Thursday, or Friday. If the system isn't out of a drawdown by end of day Friday then that would be a ...

System of Pending Orders

Believing in magic indicators, trading psychology, or any other nonsense the marketeers would like you to believe in order to sell their product. Nothing will ever work unless you have an edge and, an edge can only be developed by yourself.

What is the one thing people get wrong when trading forex?

Thinking anything they buy from gurus is actually going to work

What is the one thing people get wrong when trading forex?

You're welcome

System of Pending Orders

I am not sure what you mean by the statistical time. Do you mean the default indicator settings used to construct the histogram?

System of Pending Orders

Actually the only purpose of that indicator is to identify SR levels. An EA doesn't have eyes therefore it needs an indicator for such a thing. I'm not using that particular indicator but I attached that to the forum since it's not a private custom ...

System of Pending Orders

Ah, that's too bad for me. I missed out on some good pending orders. Oh well... I'm actually fine with any news but I took caution when you said the moves could potentially be thousands of pips. Okay so no Brexit related movers until December 11th?

Trading news and sentiment

EU Brexit Summit at 02:00 GMT+2 image

Trading news and sentiment

I had temporarily disabled my EA because I thought the markets were going have a heart attack at the 02:00 Brexit high-impact release. Well, nothing happened. When is the shockwave actually expected to happen?

Trading news and sentiment

Ah okay, well in that case I'd have to agree with you. Sounds like a commercial member...

Mitzlaff Trading Wealth Builder

Not necessarily because I do the same and I have no intentions of ever selling my EA. Why would I? I don't need to. The reason anyone sells in this business is because they realize their product or information is fundamentally flawed. If their ...

Mitzlaff Trading Wealth Builder

Thinking that they'll be consistently profitable if they don't have at least 5 years of experience.

What is the one thing people get wrong when trading forex?

No I'm pretty sure everyone is aware of the geometric growth model. Even if you had a 1:2 risk to reward strategy that had a good win rate, let's say more than 50%, try computing the probability that it would get 9 right in a row, especially right ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Never mind the box, I just drew it to determine where the center was for the dashed line. From my experience, if the floating equity falls more than 50% of the closed, it's a grenade. I only say this because I see it's a live account with a ...

Mitzlaff Trading Wealth Builder

Being on a forum, dealing with trolls is a necessary skill to develop. They're just providing you with a free opportunity to practice. I think trolling back is good, ignoring works too. Here are the posts of me trolling back the ones getting out of ...

Trading news and sentiment

To the newbies selling pound sterling means for example buy EURGBP, sell GBPUSD, etc.

Trading news and sentiment