Reading through this thread again, I do think that there is confusion about Stop losses and what actually constitutes a stop loss. There are 4 types of stop losses that i can think of... which i think woudl fit 95% of traders... winning or losing ...

successful trader without stop loss?

Agreed. I realised that the only way to back test the offline charts was by eye as well- trying to add the EA to the chart was a waste of time as they behave completely different on live charts...! I typically use small brick sizes, 10, or 20 points ...

I will code your EAs and Indicators for no charge

Thanks Daniel, I will test this out next week (as i will forward test!) as by the time i get a chance to have a look at it, the market will have close. Backtesting on off line charts are a pain, as they do not translate to real environments! I have ...

I will code your EAs and Indicators for no charge

No worries! We were all learning at some point! Just to point out that entering in the valid to time in MT4 on the limit/stop orders, I believe that these will cancel even if you have the computer turned off. This woudl not be true of the EA route ...

I will code your EAs and Indicators for no charge

Why not just use the clock in the MT4 platform and set when an order needs to be cancelled??? when doing limit and stop orders you have th eability to put in a order valid to... goes down to date, hours and minutes...

I will code your EAs and Indicators for no charge

I have been having real trouble getting an EA coded and just wondering if someone can help, and if anyone can code for Mean renko Charts - These are different to Renko charts!!! Apparantly becuase they are offline charts, they need act in a ...

I will code your EAs and Indicators for no charge

got to admit he does have a point! lol

turned 1K to 4.5K in a week with 4% drawdown

To gravitist, who believes it is impossible to make money in Forex - Impossible is just a word, an opinion. It is not fact - that was Ali who said that! Edison never failed to invent the lightbulb, he found a thousand ways not to do it until he ...

If you haven't made it yet, what makes you think you will?

Demo accounts are only ever good for understanding how to place orders and checking how your system works. Trading on live is as differnet to demo as chalk and cheese. Demo trading requires nothing of you. LIve requires everything of you.

Who makes real money from forex?

​Well that was a bit of an anti climax, EA and push not working at all.... sent back to developer!

Aggressively Simple Renko

Right, latest iteration of the EA sorted. This is going to be based on push alerts to open and close the inital entries and exits, and then the additional entries only are going to be handled by the EA. The last version of the EA was great at the ...

Aggressively Simple Renko

Or you could do the tiniest bit of due diligence, and click on his name, do a search on the forum... anything... and see his TE he has made $2288 this week. Curently has equity of 13K, and has a profit of 14K... which means he has withdrawn. ...

turned 1K to 4.5K in a week with 4% drawdown

Well, the EA has been improved, new demo (with the new version) is up nearly $330 on one pair... not opened up anything else. Unfortunately, it is still not working correcty, and the profit shoudl be lower, as it did not close out of the positions ...

Aggressively Simple Renko

Sorry its been a while!!! I dont use the same spreadhseet, but it is the same idea. The idea of the smoothed ratio management is that you increase the amount you trade by adding position sizing to it for each step, whatever that may be. So for each ...

Ratios & Harmonics: a Different Way to Trade

Well, another revision to the EA... will be trying it next week - hopeuflly with a little more success (in terms of entires and exits). The EA really did start acting funny again - buying in a downtrend and vice versa.. Opening trades totally ...

Aggressively Simple Renko

That is extremely naive. If the market gaps, a Stop loss will not help, as the trade will exit at the closest price to your stop loss order, which will be where the market opens, you will still lose as much as someone who had no stop loss (entries ...

successful trader without stop loss?

My 2cents worth. Lets take a potted histroy of this thread... Claims of making 10s of thousands... People wanted a TE TE posted People started complaining about the way he traded Big DD TE taken down Blah blah blah, making 10s of thousands again Put ...

turned 1K to 4.5K in a week with 4% drawdown

Jmezz, I think the best way to use the spreadsheet is 1 per pair/. I did quite a bit of work on this, and basically decided that each pair or tradable commodity needed about $500, and if you split your account up in into blocks, you can actively ...

Ratios & Harmonics: a Different Way to Trade

I have not dissapeared!!! I have been developing an EA, which has just gone into Demo - more for the opening and closing and using some alternatives openings and checking to see if the EA actually works. Happy to say it is up over $100 over the last ...

Aggressively Simple Renko