jest1081, if one goes through all 28 levels successfully, one would have had to make around 2400 pips. Hero Doug, the levels are nothing more than a spreadsheet with given goals for pips on each level. As you move up the levels, the position size ...

Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000

I don't use correlations (Heck, I don't even believe that you can trade them successfully), but I believe the idea in trading correlations is to benefit from the interest rate difference that is paid out every day. So in your examples, you would ...

How do you use correlations?

Do you mean how to design and code an EA? or How to actually put it to use when you have it? andersenws

Ea

Thanks for the replies guys. I definitely learned some more about exits, which I agree is not talked about enough. I did have a specific system/EA in mind when I started this thread, and that was what got me thinking about this topic in the first ...

The Best Way To Choose Exits

Thanks Loki, but I can optimize fine. This thread is more a question of theory (although I do have a specific EA I am foward testing now). I am just trying to figure out how to size my positions. I have even given thought to just having static ...

The Best Way To Choose Lot Size

I am still leaning towards my original opinion, with this logic. If you rely on an indicator to tell you when a move is coming, doesn't it also make sense to rely on it to tell you when the move is over. If we flipped around the current method ...

The Best Way To Choose Exits

Ok the plan is not some secret revolutionary money-managment scheme. It just illustrates at each of the 28 levels how large your position size should be and how many pips you must accumulate to move up. The first level you are trading .1 lots and ...

Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000

Glad it worked for you. You can use this same procedure to add an MA to any indicator you want. This principle is used in several systems, such as The Fozzy Method. andersenws

10 EMA of ATR?How?Need help

Thanks a lot guys, especially twinchell. Now I have another question. Say I have an EA with code that automatically ups the position size as I go. What is a realistic limit to be placed on lot sizes. Sometimes towards the end of a long backtest, the ...

The Best Way To Choose Lot Size

Ok, did you select "First Indicator's Data"? I just followed my own directions and here is what I came up with. Start with a blank chart: image Add ATR: image Add MA with Apply to Set as "First Indicator's Data": image Boom, there you go, ...

10 EMA of ATR?How?Need help

Well, I'm not sure how to program this, but I can tell you how to do it visually. Start with a blank chart, then plot your ATR. Now go into the "Navigator" Tab, under Indicators, and drag "Moving Average" to the ATR. Let go. Now the window should ...

10 EMA of ATR?How?Need help

Twinchell, if it depends on win/loss%, then how do I determine that? (I know how to, my question is what time period) Do I look at win/loss for the past month? year? 3 years? My system is incredibly consistent, with high win/loss%, although the R:R ...

The Best Way To Choose Lot Size

The closest you can get that I know of is Alpari, which offers 1M from June 16, 2004. You can get more if you pay, but who wants to do that? Hope that helps, andersenws

Intraday Historical Data

if there was a way to do this "perfectly", I think we all would be doing it. Sorry, I can't answer your question, andersenws

hedging the carry trade

Sorry daerus, but Fisher for sure is a joke indicator that repaints bars, and I'm pretty sure FX_Trend is also. Switch to the 1M charts and see if it repaints the bars of the past. This is why these indicators are so "good"! sorry, andersenws

Mouteki Trading

Darkstar just posted over in the Members' lounge that he went full-time recently. I believe the thread was titled "As of today" or something like that. Anyways, I am not living off of forex profits as I am a student right now. There are probably a ...

Are there any full-time traders that are living off the FOREX profits?

Ok there are several questions in there, so I will try to answer the ones I recognize. (Let me know if I missed anything) First, when compiling, there is no confirmation message saying "Compiling complete" or something like that. When compiling is ...

MT4 vs. Me (and i am losing)

In short, 0. Your trade should include a stop loss, perhaps a trailing stop, and you should be ready to walk away. You will literally kill yourself if you sit and watch the tick, because most of the tick is just noise, not a real signal (learned in ...

Timeframes for taking profits on 15min, 1hour charts?