Another week over folks ... Nothing too exciting for me this week, only traded 3 days this week, 2 of those demo and then on Thurs night finally made my first live trades ... none of which were winners, which I'm blaming on a combination of market ...

Trading Made Simple

Ah yeah, sorry, i'm in the UJ Short ... having said that, even the EU looks slow moving tonight ... Dean I was reading your comments last night but thankfully wasn't in the market ... Me too ... Ah well, all good, it is what it is!

Trading Made Simple

I'm in too ... my first ever real money trade ... scary!! But I just have to let it run. It seems so slow moving ... Wasn't quite the ideal entry criteria for me, but within the region where I still usually get good results.

Trading Made Simple

My 2c ... on the H1 it looks like it'll bounce up to the daily R1 and then possibly come down again ... if you can at least wait til it comes back down you might at least make a small profit ... The thing is, if you exit now, I'm presuming you're ...

Trading Made Simple

[quote=sabams;4873560] Hi Sabams, I can't remember exactly where I found it, but the rules one guy quoted (and written on the piece of paper in front of me) were : Slope Threshold - 4.5 or greater Bounce Threshold - 3.8 or greater The thing to ...

Trading Made Simple

Don't beat yourself up too much, I had a losing trade here too ... although only out 18 pips, and made it back on the rebound ... 1H GU is one of my troublesome pairs ... I think what I'm learning is ignore the London open candle, because it often ...

Trading Made Simple

Hi Milton ... firstly, the 100% bit was a little artistic license ... but I can share my good and bad ... please note this is only my experience, and in reality it's still only 167 trades on this system across 15 different pairs (i.e. roughly 10 ...

Trading Made Simple

Hi F09, I totally agree with you ... in my experience, some of the things that make it more difficult are things that make all Forex systems more difficult. Off the top of my head, these are the things people have to watch out for : Patience - Say ...

Trading Made Simple

Ahhhh, bloomin' heck .... In my post last night I typed : "meaning I'm automatically taking a 2:1 Risk/Reward" What I had meant to type was "meaning I'm automatically taking a 2:1 Reward/Risk" or as I've just googled a 1:2 risk/reward ... Apologies, ...

Trading Made Simple

My understanding is EAs can only act on the currently logged in account. But there should be nothing stopping you having a couple of different instances of MT4 running at once.

Trading Made Simple

Mate, none taken, trust me! And besides which, it is good to be challenged. I'm not posting here to have people go "jolly good show", I'm here to learn, to refine my strategy to be the best it can be. And that is one of the difficulties I have with ...

Trading Made Simple

Just to clarify, I'm not setting my SL based on 2% of my account ... my SL setting is always ATR(7)x1 or ATR(7)x2. I then take into account the current live Tick Value to figure out the appropriate position size for my desired risk amount. (Which is ...

Trading Made Simple

Hi Dean, Thanks for your feedback and all your other valuable posts. I should just clarify though, I have absolutely no intention of spending my life chasing 10 pips here, 10 pips there, etc etc.. What I was meaning that in my trading scenario I ...

Trading Made Simple

Mate I tried downloading it too and couldn't get it to work either (just tried the drag and drop, didn't investigate any further).

Trading Made Simple

My Lessons This Week ... — I may not post much but I am reading this thread regularly so firstly a big thanks to the more experienced folks who still stick around to share their wisdom with us - much appreciated!! A better week for me, up 12% ...

Trading Made Simple

Mate, me too ... after focusing hard on getting my entries right, now I'm on the other end of the stick, finding it hard to get the balance between letting trades breath vs exiting losers in a timely manner. (Thankfully still on demo!). In my case ...

Trading Made Simple

Hey Guitarbloke, Firstly, great trading! I was just wondering what your profit taking criteria is. Are you setting a fixed TP when you take the trade, or are you letting profits run and either (a) manually closing or (b) using a trailing stop. ...

Trading Made Simple

Cheers Arbinka! Another solid effort, many thanks.

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I think you're doing the best thing to find out - testing and seeing what gives YOU the best overall outcome. Yesterday I thought I'd have a go at entering trades as soon as the alerts came through (i.e. not waiting until candle close) ... for the ...

Trading Made Simple

Hi ... Ultimately it's up to you whether you decide to use a money management ea or not ... personally for me I think it helps, and I'm making use of Multi Purpose Trade Manager, which can be found here url and has a heap of options. Another ...

Trading Made Simple