I wonder how much gamblers loss in online sports betting during that time, but that's OK. The point is they have been talking about this for 18 months now and I doubt the losses this year mattered much at all. They are just following the rest of the ...

Breaking: Australian Parliament Passes Product Intervention

If Ray hasn’t worked it out by now, he must have realised that 95% of traders who buy dips in trends actually lose. It’s a low probability setup with odds stacked against you due to trading costs.

How to buy/sell the dips in a trend?

That is a stupid statement, there is always movement because that’s the way money is made.

Daily Trading Ideas

[quote=navieko;13240720]So I'm back-testing an EA that I wrote, within the MT4 'Strategy Tester'. Yes, ditch the MT4 tester because it’s just inaccurate. Many Algo trader has given up trading EA’s just because of the tester, hours and hours of ...

MT4 Backtesting Inaccuracies

Barnell, A good trader makes on average 0.5% per day safety so if you only have a $500 account - thats $2.50 per day. if you are trading $100,000 account - thats $500 per day. You can take some money out of your account just to cover margin plus a ...

Which do you think is more difficult

If you traded AUD pairs, you will Know having Gold up on your charts helps with timing your AUD trades. Trading Gold feels very much like trading GBP pairs on steroids .

Do you consider gold while trading forex?

Trading is easy if you have a strategy that's mechanic in execution and requires no GUESS WORK. I'm happy with a wage - isn't that enough.

has anyone EVER seen a successful trader/trading system?

We both agree on one thing, forex trading is actually quite easy. But disagree that other matters don’t matter and perhaps far more profitable. I think we just look at the market with a different vision, as long as we are both making money I think ...

has anyone EVER seen a successful trader/trading system?

[quote=MrBullBear;13237150] I can already tell the result, it will be different everytime. Cheers![/quote Only if you trade the markets using price and time, then the results will indeed be different every time. What if you traded by other ...

has anyone EVER seen a successful trader/trading system?

Hi MrBullBear You can backtest the market and obtain good profitability if you are prepared to do a lot of work. Understanding the market and making money is the same thing. Most of my manual trading is based on historical data and there is a few ...

has anyone EVER seen a successful trader/trading system?

James mtruefx is correct as backtests don’t show the true profitability of a system. The fact you said you need to use tick data to get profitable results shows you have never tested not the strategy but you haven’t tested the tester. It is faulty ...

has anyone EVER seen a successful trader/trading system?

Steve You do realise my wife had me paint the interior of our house last year in a light brown - called Heritage thorn. Then she comes to me and asks for a repaint because she now likes the walls white. So when I start the repaint next week, I will ...

(binned per thread starter’s request) Indicators for Discretionar

It never happens, I think you need to study the charts for a while longer. A move may run 70-80 pips in a few seconds like it did last week - but every single move collapses. The liquidity becomes barren, void of any useable orders so price ...

has anyone EVER seen a successful trader/trading system?

Hi Peter I see the market as just a bunch of strong passive limit orders that get attacked by weak aggressive market orders - NO trends, NO resistance areas, NO support, NO demand or any other rubbish concept. Price for me goes in the direction of ...

has anyone EVER seen a successful trader/trading system?

That occurred years ago and is irrelevant on how the manipulation occurs today. These days all manipulation is probably Algo driven and independent of human interaction between bankers. But we need to embrace this massive liquidity that is dish up ...

has anyone EVER seen a successful trader/trading system?

Why does everyone here miss the bloody obvious. Fight the major players when Liquidity is exhausted on one side of the order book. How do we know there is an inbalance of the order flow? When price expansion away from market frequency hits the thin ...

has anyone EVER seen a successful trader/trading system?

Have you really build a EA for trading? A EA that has millions of lines of code that runs on a standard trading platform?. Do you even know what the average size of an Algo is that's used for trading the markets by prop firms. Somehow I doubt it.

has anyone EVER seen a successful trader/trading system?

No, you need to do some work for a change instead of asking every trader for the answers you don't have. The order book or the flow of passive and aggressive orders (Buy & Sell bids) are available if you merge several tools together and then match ...

has anyone EVER seen a successful trader/trading system?

I would say NO, it is very hard to beat the system using technical data to make a wage. I would say YES, it is very easy to beat the system and make a wage if you trade the inbalance of the order book. I do it every week. You asked where the order ...

has anyone EVER seen a successful trader/trading system?

Ever heard of EXHAUSION Buy or Sell passive orders are limited in a sharp bullish or bearish move and result in ZERO USEFUL Liquidity, that's an INBALANCE on one side of the order book. This Trillion dollar turnover suddenly does not offer deep ...

has anyone EVER seen a successful trader/trading system?