I just noticed it's still possible for me to open a new live account with ICM (SU). It seems that only new customers from the EU are no longer allowed to register under ICM (SU). Under ASIC it seems that it is generally no longer possible for EU ...

ASIC Regulated Forex Broker

I used to have an active account with IC Markets for many years up until March 2021 where my account got transferred to their global branch (Seychelles). I kept trading with them until around May 2022 where I also stopped trading at all because I ...

ASIC Regulated Forex Broker

I registered in 2009 and in 14 years I still haven’t seen a person here actually having a clue. Everyone seems to have some kind of agenda trying to sell, teach or chat. The systems section is useless on its own as everything you find there is based ...

Cable Update (GBPUSD)

Okay. I assumed that your system is focused on the Open. News, idk. As already said your "system" feels unclear to me. It's not even exactly clear WHAT is being traded and on what exact criteria. First you talked about various instruments opens and ...

15 minute opening range Forex

What is the reason for the different Risk to Reward ratios on your trades? You’re using a trailing stop on your entries? I was backtesting a few more forex pairs but 1:1 or even 1:2 didn’t show a profitable result for any of the pairs tested, not ...

15 minute opening range Forex

Well, the rules changed a few times. First the entry was only on the 3rd candle, then up to the 4th, then even the first 3 hours? Regarding to the SL/TP, it also changed s few times where you wrote something different. Then suddenly there are ...

15 minute opening range Forex

I said that because the rules you've described so far seem very arbitrary/random to me. Tossing a coin, probably wouldn't make much of a difference. So I'm wondering what the advantage of your system is. You wrote about the importance of consistency ...

15 minute opening range Forex

Who says this is actually true? See: url „end-of-day trading tends to be dominated by institutional investors“ The opening times seem to be occupied mostly by retail traders.

15 minute opening range Forex

You you wrote in post 1: "As a general rule if your risk is more than 5% your capital per stop loss" But now you say "total". What is total? A day? So max. 5% per day and not per stop loss order. You have to be clear. It's important and makes all ...

15 minute opening range Forex

Well it doesn't say how many orders per day and if you have to re-enter per setup or not. It's a big difference risking 5% per stop for only 1 entry/order per day or risking 5% on potentially 30 orders because you trade 5 forex pairs for multiple ...

15 minute opening range Forex

If you place several orders per day to be profitable because it is not sufficient to trade only 1 open/close for an instrument per day, you need to know how much you risk per order (in percent in relation to the account size). Otherwise it is not ...

15 minute opening range Forex

Hey Sovy. Hope you're doing well. If you are constantly changing the rules regarding stop losses, number of trades or TP then there is absolutely no point in following the system and personally I wouldn't call that a strategy and especially not a ...

15 minute opening range Forex

Hey Sovy. It's kind of very confusing. Since your first post, are you constantly changing your own rules or mixing the system with something completely different? I would like to be able to follow you but I can't. Could your please repost your rules ...

15 minute opening range Forex

Yes. Like said i would be only interested in trading the London Open + only for one forex pair (or what ever else market). If that doesn't lead to a profitable result, at least for the period of more than one quarter, then it probably isn't for me. ...

15 minute opening range Forex

Just as a side note. My DAX breakout trade from yesterday ended profitable. Reached to the +2R target today. image

15 minute opening range Forex

11/07/23 Rules (should always be the same) Entry 1st M15 Candle = Opening Range 2nd M15 Candle = breaks High/Low of the Opening Range 3rd M15 Candle = Entry @ 0.3 or 0.5 Fibonacci retracement level Risk Management SL = Size of the Range (-1R) TP = ...

15 minute opening range Forex

Just be careful not to add too many parameters. In my experience, that doesn't make a strategy better, rather the opposite. Have like 1-3 parameters for your entry and exit and then backtest it over a large enough sample size of data. If it works, ...

15 minute opening range Forex

GBP/USD 10/07/23. London Open No trade here. It didn't reverse to 0.3 or 05. entry level within the 3rd candle. (1st forms range, 2nd breaks it, 3rd entry). Trading the breakout of the Low would have been nicely rewarded (depending on some profit ...

15 minute opening range Forex

Looks like you got stopped out at +1R. It came all the way down again even crossing the Low of the Opening Range. So here we are, 8 Hours later in the day and we still haven't reached the +2R target. image

15 minute opening range Forex

My DAX breakout trade is still running. Moved the SL to BE +10. I will now swim and tonight I will backtest your reversal strategy using the DAX image

15 minute opening range Forex