In MT4 you can use scripts. This is how you buy a lot with 50 pips SL and TP. int start() { int lots = 1; int slippage = 1; double sl_tp = 0.0050; int ticket = OrderSend(Symbol(), OP_BUY, lots, Ask, slippage, Ask - sl_tp, Ask + sl_tp); return(0); } ...

Stating The Obvious and The Quest For Wisdom

kk007, if you would really understand that the next random number is completely independent from the last N which you generated, this topic wouldn't exist. In mathematics we don't prove our statements with examples but we find an abstract way of ...

S/R and TL on Randomized Price Movement

I'd bet the house that entering after a 50% retracement from an important trend is better in the long run than entering simply when you start feeling the order flow. In other words, after you establish that due to fundamentals the EURO will go south ...

Stating The Obvious and The Quest For Wisdom

It is not my intention to disagree with anyone regarding random numbers. As Sandra Bullock said it, everybody is happy if I'd wish world peace.

S/R and TL on Randomized Price Movement

Sorry, I didn't download the excel sheet and I don't have time to read the code. But to display real bars you must start from a value, generate 1000 offsets, calculate OHLC and then start from the last close. This is how the market works, if you ...

S/R and TL on Randomized Price Movement

Very important question: how did you generate the chart? With rand()? Did you try to group the 1000 prices on a bar? 1000 values are not enough, they are simply noise. Generate a few millions, group them in bars and be sure that there are some ...

S/R and TL on Randomized Price Movement

Maybe I don't know a lot about order flow and I don't have IFR and whatever else but if you're trying to find opportunities of buying EURO... This pair broke every important support and is heading to 1.29. Even short term any long trade looks bad.

Stating The Obvious and The Quest For Wisdom

metcalfe dear, there's another good reason for letting the situation as it is. If I risk only 1% on every trade I wouldn't like to keep all my trading money at the broker, for obvious reasons. I'd put there only 20% and I'd add more if I lose them. ...

Could 10:1 be the new leverage in US Forex?

Yes, in the end I'd like more transparency from the experienced traders. Not their names, their secrets, their bank accounts or actual jobs and positions, which I agree, prove nothing. And if I must show an example, let's use my dear DIBS system. ...

...only your bottomline should matter to you

Well, you missed the point. It is not a screenshot which I require or some attached document which proves beyond any reasonable doubt that X is a very profitable trader. This would be necessary only if X would sell a system or would pretend money ...

...only your bottomline should matter to you

I don't understand why are you quoting yourself. Anyway, I still don't find that wisdom of merlin to be some astounding discovery and I really wouldn't stick it on my monitor, walls, doors, refrigerator, cat or dog, in that order. This ...

A Gem from Merlin

You must ask yourself: why would I exit a trade based on old data? For that reason I consider that the only way of optimizing exits is experience. i.e. you are in a long term trade and having a solid fundamental view you consider that the market ...

Measuring the 'edge' you get from a moving average

I don't know about your longs but the price action on the hourly chart is screaming SELL. I think we'll see 1.37 again.

Stating The Obvious and The Quest For Wisdom

Sorry to dissapoint you but I don't use indicators. I've just said that S/R lines are better than moving averages if you really want to see some curves on a chart. To learn about them you must read a lot of topics on the Trading Systems section and ...

Measuring the 'edge' you get from a moving average

You can't draw virtual S/R lines to backtest your system, that's the problem. You can test only functions which have a clear formula, a S/R line is something extremely discretionary. If you really want to trade in the direction of the main trend ...

Measuring the 'edge' you get from a moving average

1. Definitely but not a measurable one. It depends on your strategy, in a strong trend even the random entries are profitable. 2 and 3. You can't say for sure. What seems to be a trend on a daily chart is maybe a retracement on the weekly or ...

Measuring the 'edge' you get from a moving average

This is what I meant.

YOUR results with live, fully-automated EAs??

And as long the price is moving you can profit from its movements without knowing the WHO and WHY. The WHO and WHY make the price non-random, creating inefficiencies. If you know what tools to use for measuring them than you have a profitable ...

Stating The Obvious and The Quest For Wisdom

I'm sick and tired of people who say that it is impossible to trade profitable using TA. And therefore I'm going to ask a question. Are you saying it because you weren't able to find a consistent strategy or because you saw some mathematical proof? ...

Stating The Obvious and The Quest For Wisdom