Hi ryuryu When I was coding, I came to a invisible wall and couldn’t find a way around it. While EA’s can trade 20 pairs at once with great efficiency, there remained a hurdle I couldn’t get past. So let’s put this problem into a question. Is ...

The brutal truth of day trading

Done, private message sent - lets see if Parisboy responds.

What have you learned?

Red flags are given based on the amount of advertising revenue a trader is likely to bring too Forex Factory.

What have you learned?

Wrong can be looked at two ways. The Setup is correct but entry was premature in execution - Cut at 10% of daily ADR The setup is incorrect and price is moving away from entry position - Cut at 5% of daily ADR Time is another factor as well, I use a ...

The brutal truth of day trading

Hi jmn5611 I think the brutal truth is profitable traders get their entry correct within a few pips and don't factor in their stop loss ever getting hit, their stop is just for emergency reasons. If they haven't taken profit, their exit is performed ...

The brutal truth of day trading

I think experience does outweigh statistical data, but statistical data created the experienced trader. As for day trading versus long term trading, I have been in both teams. I think it really gets down to day traders looking to take advantage of ...

The brutal truth of day trading

Hi rogerha If the current price is NOW, how can we take advantage of this?. I suggest you need to answer this question first. What is stronger, Passive limit orders or Aggressive Market orders?. Two well known members on FF called DonPato and ...

Flying Dutchman

When 90% of trades you enter go into profit before the next bar closes, luck out weights skill by the end of bar close two.

In One Sentence - How Do You Trade?

Hi remonpilip Yes, there is in fact a structure we can monetize from, but this structure has to be rigid enough not to get carried a way by the news. Hence, the longer term trend. Higher Time Frame. Long Term Speculating. Nothing wrong with that ...

The brutal truth of day trading

Hi ryuryu That was a great post and a good description on why trading EA's can be more beneficial to most traders. Looking forward to seeing you not WASTING TIME WITH PROP FIRMS and instead growing your account via EA's instead. I just have a ...

The brutal truth of day trading

Hi Joyny I was having a look at your stats from Darwin’s and your results looks great. If you don’t mind, I will follow your progress. I take it was from one EA you have running, not the other 99 EA’s you have on live charts. To be honest, you would ...

The brutal truth of day trading

Hi ryuryu If building and running EA's was as good as the test results we always get, we would all be rich. I am one of those pissed off Algo traders that spend years building dozens of good EA's for very average returns. That's about 12,000 hours ...

The brutal truth of day trading

Hi BW I understand your point and I see great value in their impressive work. Let me read up on their work some more and I will shut up until I do. My point is trading doesn't need to be hard, we should be trading a strategy that feels the pulse of ...

Flying Dutchman

Hi BWilliams Do we need all that complicated mathematics to impress our wife's and make some money along the way as well, I don't think so. While I have used a lot of math's in my own Sine wave Envelopes - it still doesn't mean I really need ...

Flying Dutchman

Card counting is related to orders already activated and the amount of unopened orders that still sit on the order flow books. Current volume allows us to have a great educated guess of remaining number of unopened orders that still remain on the ...

Flying Dutchman

Hi dkrock How to measure price against activated orders? Having a sense of the amount of current passive orders remaining on the order flow books after activated orders have been accounted for often can easily be determined. No mystery, just order ...

Flying Dutchman

BWilliams I told you before, your math's picks the moves by a Banker, not an Algo. The Volume proved it was the bankers. However, that last move was a mystery as it had no volume and it moved without any reason. Bankers 3 - BWilliams Algo 1 As for ...

Real or Algo

I am not so sure a system is the answer. Question - Can you feel the pulse of the market, do you understand what's just happen? Unless you can say YES to both questions - take the Red Pill and close the door behind you when you leave.

Flying Dutchman

In Australia, all sources are taxable and gets included in all your business earnings. So I would be paying tax at the highest rate. It would be better for me to create a self managed super account and trade my own funds at a extremely low tax rate ...

Prop Firm Hub

Hi Bubincka This is one of the reasons I have never seriously considered prop trading from overseas firms. I would lose another 40% in tax from prop money earnings and risk pushing myself into higher personal tax bracket which would mean paying even ...

Prop Firm Hub