Agreed. You also have to take into account slippage of 1 or 2 pips per trade as brokers will slip you whether or not they admit it. So for something like EUR/JPY or GBP/JPY you really want nothing less than a 10 pips avg trade for your sytem/method. ...

Is 5000 pips in 1000 trades a lot?

I don't understand the point or relevance of the question. Why do we wonder about 5000 pips?

Is 5000 pips in 1000 trades a lot?

Thank you!

Relaxing colors for charts

I think if you have Period Converter_1 on more than one graph it stops updating quotes on that chart. So 1, 2,3 allows you to run up to three graphs with non-standard time frames. You could probably create a Converter_4 and 5 to run more.

Optimized Trend Trading

The red one with prices. Maybe that isn't an indicator. You just typed those in?

Relaxing colors for charts

A blue color scheme like Skyhook's is probably also pretty easy on the eyes. I like the indicator that prints the prices. Care to share? Thanks.

Relaxing colors for charts

Sounds like a line from "Hotel California." But anyway, it's true. As is Rabid's point that you can't improve liquidity through taxation.

Transaction Tax: .025%!

You'll still want to report your losses for taxes so you can write them off next year after you've earned tons of money. Or even for this year, to counter any other earnings or bank interest.

Forex Taxes

black background — I like to decorate my candlesticks like a Christmas tree with red and green. But the key for me is having a black background. If you do much trading late at night or in a dark room, you'll want to save your eyes. Black is ...

Relaxing colors for charts

time frames — CB-- You're very welcome. Glad to be of help. Now you can scalp on 11 or 12 minute MT bars at will! --Pipper

Optimized Trend Trading

Hope I'm not too late in replying to a post from twelve days ago. I'm a long time lurker--but this is a great thread, so here goes.... There is a way to create graphs in MetaTrader in nonstandard time frames such as M2, M7 etc. I found this on ...

Optimized Trend Trading

I was having the same problem with OrdersHistoryTotal until I upgraded to the new version of MT4. The EA seems to work for me now. Hope that helps.

Heiken-Ashi System