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The Big secret to trading success

Yeah, not cooperating with a dangerous and reckless GRID STRATEGY and closing the deal at -30% DD before blowing the account...? In spite of our agreement... And YOU call ME non-cooperative....???? Come on, man! It was MY live account... You did not ...

Accurate fx signals

Of course, not to mention the impact of "virtual dealer plug-ins"....

New 8 candle patterns found, unbelievable accuracy!

I would argue with the universal validity of the above statement of Mr. Ford... A trader friend of mine was strongly believing in making a living by trading, invested all her time and all her funds, even other people's funds over the past 6 years... ...

The Big secret to trading success

I guess you just open a market order with the "9th candle"...

New 8 candle patterns found, unbelievable accuracy!

According to the screenshots it seems to be the London Open, although based on the description it is the Frankfurt Open. The patterns may not have relevance, however, it would be interesting to see some long-term backtests to confirm or disprove the ...

New 8 candle patterns found, unbelievable accuracy!

The description and the sample charts are contradictory. On the visual examples the trades are opened with the 10th candle which is LONDON OPEN CANDLE with most brokers (which brokers start their 1st candle at 5 pm New York Time). In other words: ...

New 8 candle patterns found, unbelievable accuracy!

Probably a wise decision... as 95% (if not 98%) of retail trades EVENTUALLY end up losing funds, i.e end up with less money than invested.

Forex Breakout Direction Indicator v3

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The Big secret to trading success

I don't want to derail this thread, just want to mention that a similar strategy (with EA) has already been discussed in another thread started by Abokwaik: http://www.forexfactory.com/showthread.php?t=571780

New 8 candle patterns found, unbelievable accuracy!

Thanks, Khalil! It looks like an interesting thread to read.

Elite : automation of selected systems

Hi Khalil, Would you mind building an EA around this simple price action strategy: url Thanks!

Elite : automation of selected systems

Since none of the mentioned patterns (conditions) apply, no trade is indicated if a Doji gets into the series... Nevertheless, the chance of a real H1-Doji is minimal with 5-digit brokers.

New 8 candle patterns found, unbelievable accuracy!

You might be right. On the other hand, if MT4 Optimization worked, then there would at least 1 (i.e. one) strategy here on ForexFactory (or MyFxBook) which would be able to produce the same forward test profit curve as its optimized parameters ...

The Big secret to trading success

How would you know that you were not falling into the "Texas Sharpshooter Fallacy"...? In other words: Can PAST statistical market data be applied to predict FUTURE market behaviour at all? If yes, then all the big hedge funds and banks with the ...

The Big secret to trading success

When a trader does backtests usually he/she experiments with different sets of parameters until the best one is found. Or he/she uses the Optimizer to find the best one. Then he/she applies it to a forward test and surprised to seee that the ...

The Big secret to trading success

Yes, it seems that the chart examples show trade openings with the 10th candles of the day... Well, maybe this simple PA strategy works not only with the 9th, but also with the 10th and 11th, etc. candles of the day, too...

New 8 candle patterns found, unbelievable accuracy!

@RoyPK Yes, correct. For manual trading it might be easier to follow this rule (instead of looking for specific candle patterns): 1. BUY: If at least 2 out of 3 candles are bullish (before the 9th) 2. SELL: If at least 2 out of 3 candles are bearish ...

New 8 candle patterns found, unbelievable accuracy!

Would you be able to show a MyFxBook VERIFIED LIVE account - running at a reputable broker - showing the performance of the strategy? I assume that you have been making money with this EA... otherwise you would not offer it to other traders... ...

Fibo Machine Pro Scalping System

I would like to repeat what "Cat" has stated, as it is one of the MAJOR WISDOMS of trading: "Each and every day the market wears a new set of clothes, and things will never be exactly the same as the day before. Learning to adjust to ...

The Big secret to trading success