The "take profit" I'm refering to is part of the position i.e. buy 1 lot @1.2000 with "take profit" @ 1.2300 and "stop loss" @ 1.1500. It is in this case I've seen price wander above and below the designated take profit without triggering my profit. ...

whats with this "hedging" thing??

Good Thread Merlin! — The hedge option offered by retails brokers has fooled me for some time now. Now in retrospect I realize that the main reasons I had for holding two opposing positions in the same pair were based on false assumptions, the ...

whats with this "hedging" thing??

Now I remember! — I have MS Office Expert level certification, so I am able to automate the process of importing MQL data, BUT as I remember this script would take me a rather long time to complete. I decided not to pursue this route because I ...

Export to Excel

I think the term leverage is over used and over emphasized. When I place a trade I only care how much each pip is costing me and how that translates to % of account balance. Oanda, for example uses a diferent way to calculate pip cost and I never ...

400:1 500:1 leverage

That would be sweet! Then I wouldn't need to save it to a text file then import it into Excel manually. I seem to remember an old thread where someone wrote a script to save the data dirrectly to excel. Try a search for Excel. I'm too busy right now ...

Export to Excel

What appears clever to me is that you've been a member here since WAY back in Dec 7, 2007 and you offer no clue as to your experience ect. in your profile. YET, you are able to post information about the intricate workings of a major broker. ...

see the ibfx post?access to all liquidity providers

Word of caution dude. They are out to get you! Sucks to be you.

Why is nobody willing to post their live account statements on here?

OK, here's the dealie. I've put many hours into these indies, so in return I want permanent 1KT status and a fully fueled jet plane for my escape. Seriously though, if you find these useful please return the favor by posting what you find. These ...

forexlion -- GBP/JPY (trend readings)

Hi forexlion, Your threads have me interested in your trading method, so I've created two indicators. One of the fib series and one of the pivot points on one chart. The attached image displays pivots for next week and the fib series based on ...

forexlion -- GBP/JPY (trend readings)

No offense taken. Perhaps a refresher of some points Merlin made a while back in regards to market orders and slippage would better explain my preference: url One more point. I don't like being hedged. It means I screwed up, but at least then I ...

What's with this Anti-Hedge Thing?

Glad to hear that moon, Sorry if my comments sounded a bit harsh. I wonder if anyone who bought an EA from Ebay will chime in and tell us what they purchased.

Metatrader4 expert advisor quetions

There have been times when I felt the desire to be reassured that trading is not a negative sum game. Yes, it would be cumforting to see that some people are indead making a living from this FX thingy, but "CRAP", I said to myself, "if I need ...

Why is nobody willing to post their live account statements on here?

mrgreen makes sense here. Listen to his advise! I would also like to add that The MetaQuotes website MQL4.com has many articles about the dificulties associated with automated trading. If the people who developed this software are warning against ...

Metatrader4 expert advisor quetions

Yes, this will load the needed tick data into MetaTrader and then to test tick by tick, open Strategy Tester and in the Model drop down box, select the "Every tick" option. This will show tick by tick price movement regardless of the time frame you ...

Tick by tick back testing

First you need the number of bars away from current price where the start time and end time occur. The iBarsShift() function returns that. Then you can use that number in the iHighest/iLowest funtions to return the high/low bar shift within that ...

MQL question

I'm not going to enter an opinion about reliability here, but a word of caution. Over a year ago I had two live accounts with FXCM and Forex.com. I ran both accounts down below required margin to trade, so I decided to regroup-re-train. Forex.com ...

FXCM Discussion

hmmm... That's assuming that your stops and limits will be executed in this fast moving market. Personaly, I find that Buy and Sell limit and stop ORDERS are executed allmost always. The exception being during news releases. Too often I've seen my ...

How do you use IBFX's hedging?

I made over 140 pips on USDJPY last night with a hedging strategy. 1st of all, hedging one currency is best done in a sideways market. This began on Jan 16 and is still in tact. Secondly, you must be willing to take on a fair amount of risk as the ...

How do you use IBFX's hedging?