Without going over old ground, visit a thread in the discussion forum from earlier this year called “Forex is Random” Then we can expand on the subject if you wish.

What I learned after losing $300,000 trading forex

It is random most of the time till it takes out targets, don’t kid yourself you know where price is going with any high certainty.

What I learned after losing $300,000 trading forex

You need to talk to Twee, otherwise being a commercial member will prevent you from enjoying forex factory.

Backtesting the Most Popular Strategies on FF

Hi Everyone Thought I would post a live trade from my scalping strategy I use during the London session and into early New York. Generally I open approx. 75-120 trades during this period where I am trading at the boundary of thin liquidity. My ...

Real time trades by realjumper!!

Hi James Building in a consolidation switch to turn on during a ranging period is unworkable, it’s even in the too hard basket for professional Algo traders. You would have too many external functions requiring so much optimization, you would only ...

Backtesting the Most Popular Strategies on FF

No, I don't think you know what you are talking about. You are correct about only trading a strategy with a statistical advantage but this can also be done with discretionary trading. You are often better not automating a strategy because any back ...

Backtesting the Most Popular Strategies on FF

Hi David40 The best method in deciding whether a strategy is profitable on Forex factory is to look through the list of posters that were around at the start of the thread, see if they are still there years later. Looking at the Trading made simple ...

Backtesting the Most Popular Strategies on FF

Well you are extremely lucky or haven't look hard enough. The demo data is different to live data and the MT4 stats are off by 100% in some parameters. Good luck with your journey.

EURUSD only

The problem is the drawdown at 17%. The MT4 tester is faulty so the real drawdown on a live account would be 35% at least. Better to bin that strategy.

EURUSD only

Not another Mercedes Chenzo, you can’t have many car spaces left outside your Kebab shop.

Real time trades by realjumper!!

You can be consistent and successful trading forex manually, you just need to find a system that suits your personality. I always wonder why traders see this game as hard, price goes up or down depending on order density. Work out the density and ...

How to optimize a Trading system So That win % or RR increase

Perhaps I should use the words ‘“over confident traders”. Come on Dmh, you know your best mates don’t like to hear the truth sometimes.

FTMO - For serious traders

I agree with your thoughts. However I have yet to see any proof traders have remained on their books and earned a nice wage for a year or more. I know of two good Forex Factory traders who only last less than six months as a FTMO trader before they ...

FTMO - For serious traders

The correct time frame is the one you are trading, the higher time frames just gives you Market structure.

Cable Update (GBPUSD)

I suppose I should ask the question, have you tested the strategy on the MT4 Strategy tester yet. My opinion is Markets are only in trend 20-30% of the time so a model that sells against fake moves and is designed for a ranging market would be a far ...

How to consistently profit with Grid EA

On Grid EA's, they are always designed to work in a market that is either trending or one that is within a range. Therefore they need to be turned off when not inside the correct market type. That is how the Prop firms that run portfolio's of EA's ...

How to consistently profit with Grid EA

I have no times between trades other to manage positions or look for new setups. That’s because I trade the M1 chart where I average 50-70 trades during the London session. Its a manic 4 hours for me and I never prepare before my session starts, I ...

How do you fill your time between trades?

Yes, but only if you have a good win rate nearing 75% while keeping your current draw down to a figure under 0.25% of your equity before you decide to hedge. Then your next trade must equal the sum of the open trades or the trading costs will kill ...

Just learned about hedging, does anyone use it for scalping?

I think almost correct. Buy low or Sell high, but hedge immediately a signal is wrong and wait for the next high probability signal to present itself. If they don’t come quickly within the same trading session, cut the trade. It really is that easy ...

Forex - A negative sum game for losers

BWilliams Just let the traders who visit the Live Trading room have a bloody chance to review Zoltans Channel - and just shut up for a change. We don't need your opinion about Zoltan, myself or any other trader in the room because you haven't ...

My way to highway