Yeah, it's a trick that MT4 does to save on bandwidth and storage space. Tick level data takes up a lot of space, especially if the quote feed has a high tick rate. From Dukascopy's tick history, ~3 years worth of tick data can be 2-3Gbs of size per ...

Tick charts in past

You're right that it waits for no one, but think of it this way: 1. Liquidity has thinned out, so people who would put in larger orders won't trade since managing the larger position is hard (or potentially painful.) 2. Less liquid means it takes ...

Huge Moves During Christmas/New Year?

You guys are on the right path here... talk to the bank and Pepper. Sounds like the bank might have missed something so you should probably follow up with them (getting them to verify the transaction, account numbers, etc..) Canadian here, and ...

Pepperstone Forex

Just take the desired size as a trade against the direction of your existing position. It should just reduce the position size of the trade you have on. You may get a popup asking for a confirmation of the order, but you can turn this confirmation ...

OANDA Discussion

I think he meant to quote your other post about it... and yeah, obvious posting history was obvious. (Oh my, I'm just a post away from 1000... :S I might have to do something special for the next post. )

Pepperstone Forex

...consequences will never be the same. :S lol. Really though, it was some bad code trying to send an order every single tick update. Consider this a 'learned the hard way' warning to other n00b EA writers out there.

Jack's Automated System Development Journal

Ok, I figured this out. If you botch a sendOrder or modifyOrder call within the EA, and your EA is set to keep retrying a failed order til it goes through, then the combination has some of the EA's I've put together or tested trying to resend an ...

Jack's Automated System Development Journal

Guys, Quick hint / note about MT4's strategy tester. If you're like me, and make your EA very verbose in the comments it makes to the log, and also make an abusive use of the 'optimize' feature to generate all sorts of statistical data points to ...

Jack's Automated System Development Journal

Notable changes: Being the holidays and all, I've taken some time off work and greatly cut down on my manual trading at home. The idea was to pick a time to turn off the EA entirely, and I had previously thought the 20th of Dec was a good target, ...

Jack's Automated System Development Journal

Not sure about islamic accounts.. I think not, but you'd have to ask them.

Pepperstone Forex

Thanks That's the idea, to take my manual experience and understanding of risk and apply it to automated trading. I can't say it's been a perfect start, as I've found the process to be a little frustrating as I go (mostly because translating what ...

Jack's Automated System Development Journal

Oh, I should mention: I use a Razor account myself for scalping. I also use a Standard account. Actually, the algo trading journal I have (currently linked in my signature) includes a link to one of my Standard accounts being tracked at MyFXBook. ...

Pepperstone Forex

Think you got your pip value a bit off.. On USD based quote pairs ( XXX/USD ) 1 pip == $10 USD in value on 1 standard lot (100,000 units of base currency.) So let's consider the following example: EUR/USD (spread varies but averages ~0.4, often ...

Pepperstone Forex

I can't speak for every PAMM manager at brokers like that.. but you gotta remember that they are being ranked and displayed to the public who are very uninformed investors overall (especially when it comes to trading theory and risk.) So I'd imagine ...

5% risk per trade?

Enjoy time with your family, relax, spend a little time thinking about things not related to the market. . . find yourself refreshed, renewed, etc. It's the holiday season after all. (and in answering your question, check with your broker, each ...

Is the market closed today?

The irony is strong with this one.

Is the market closed today?

No takers?

New Years (Trading) Resolutions 2012/13

If you're going to do this for a living, you'll need to be in a financially secure position so a drawdown that lasts 3-4 months, let alone just 2 weeks, isn't going to phase you or impact your standard of living. What was your performance before ...

I finally quit my day job!

Are you sure? That would make FX accounts tax shelters for compounding investment gains.. often a feature of registered or retirement accounts, not cash/margin trading accounts. Here in Canada, P/L is summed up at the end of the tax year and you pay ...

Should drawdown include tax?

No, taxes shouldn't be part of your drawdown stats. While it is a cost at the end of the year (on your net profits only,) it isn't something that should be accounted for in your trading performance..

Should drawdown include tax?