I'm a student right now (both of forex and in the traditional sense), so I'm happy to break even or just make a little spending money each month. Nothing to live off of, that time will come later, when I feel more comfortable with the market and my ...

Forex or stocks, which one is more risky

Forex, easy. However, do not let this deter you as the risk is part of the reason why forex is so lucrative. If you can master forex (or even become profitable), you will acheive great wealth, faster than you can in stocks (with the exception of ...

Forex or stocks, which one is more risky

EMA - url SMA - url Investopedia is always a good resource to check out for terms and whatnot. andersenws

EMA & SMA

I think the reason this trade was bad was because it was a highly volatile day on Friday with the CPI coming out, which everyone is watching now. It is important, especially when trading a purely technical system like this, to be aware of the major ...

The Daily Fozzy Method

Ok, so the trade ending today was not a success, rising to set our stop to B/E, then falling at hitting the stop. +0 pips. I think the market is going to range for the rest of the week until the numbers come out on Friday that will tell which way ...

My forward test log

Yes mike, you are correct in your last reply. andersenws

When to add spread?

Ok, so that trade was probably one of my worst, and exposed a kink in my system that needs to be fixed immediately. I ended up +2 pips, closing out at 1.2670. The problem is whether or not I should show a signal for the 3 or 4 hour Sunday "day" in ...

My forward test log

I believe what you are asking for is a function that will only execute if there is a new bar. If so, yes, there is such a function. The page about it, which includes code, is located here Hope that helps, andersenws

Current Candle Closed flag

I would try to download the data manually from alpari-idc. If you have not installed this before, just do a google search on how. This should plug any holes in your data, and allow you to test a much longer period. I downloaded the data, and have ...

Backtesting problem

Whether you choose to trade off of technical or fundamental analysis (some do both), it is extremely important to understand both. My worst trading day as a beginner was to ignore an interest rate hike because I was trading exclusively off of ...

Fresher needs help

I'm just going to post my signal right now because I already know what it will be. This is the second week, and I hope to continue the good rookie perfromance I had last week. So here it is: SELL EUR/USD @ 1.2677 Moderate Confidence Analysis: I am ...

My forward test log

How you feeling about now? Good call there, looks like you're sitting about +300 right now. My system was calling sell last week too and it looks like we will have another down day Monday. Good luck, I hope we're both right! andersenws

Amazing revalation...I think.

My dream EA is one that wins me the Automated Trading Championship and banks me 40 large! I'm trying to code her right now, but I don't know if she'll be ready by the deadline. andersenws

:: The Dream EA What's yours? ::

Thank you Warmagus. As I stated earlier, I am in one of such programs at USC. BS in Econ/Math and MS in Mathematical Finance. I know when I was looking at colleges, I saw USC's program and I know UChicago has a MS in Financial Mathematics. I know my ...

College Major for an FX Trader?

Wow, another great trade that I "officially" didn't take, but my system was leaning towards. It would have been good for +50 pips, but in all honesty, it was what I will call a "weak signal." It was a signal, albeit a weak one. I have learned a ...

My forward test log

Say for example that you are looking at a 4H chart, and you want to make use of the RSI indicator. 00:00 RSI=80, 04:00 RSI=74. Now instead of using the simple overbought/oversold lines at 30/70 or whatever, your value you would make a decision off ...

Different way to look at indicators