feel free to jump right into trading. drop everything else in life and go for it you have a 5% chance of making it and 95% of a 3 month vacation hehe, not trying to be mean here, but what you should really do is keep what you are doing and treat ...

Quit Job , go Back to School, Trade Forex?

my group actually colllects ticks from live and demo and puts them in a database. from there we just use ruby or python scripts. just make sure when you capture the ticks you get ask and bid

Auto BackTesting Help

your a genius thanks!

Call a Script

the only way to call a script from an ea is with a hotkey the problem is you cant pass any info to it my team has beat this thing to death. we thought it would be nice to hand stuff off to a script and keep the ea clean, sort of like multi threading ...

Call a Script

mt4 is not worth your time for backtesting i have run an ea forward for weeks and then spent the time to get my modeling quality to 99% and then back tested the same forward test I ran. it was off by over 200% mt4 isnt designed for back testing, ...

Auto BackTesting Help

psychology only effects you if you are unsure about what you are doing. if you dont have proof taht what you are doing is going to work you are actually gambling and gambling is about emotions. so yes, psychology effects you , if you dont know what ...

How much of Forex trading is psychological?

the biggest problem with mechanical systems is there isnt a plate for the performs interbar trades with out skueing the results. You can get 99% quality data in mt4 if you spend weeks working on it, it is only of by roughly 200% though. i dont think ...

How much of Forex trading is psychological?

Divergence happens when the indicator you are using breaks. if the prices drops through the floor , for example, the macd will not be able to keep up (thus its broke) and it will signal divergence.

Divergence trading

EAs are very good, they help you remove the emotion from a trade, but ... all EAs are created by people

robot traders

any indicator that has open or close in it

How many of Technical Analysis based systems are junk?

its best to treat ME like they boy in the velveteen rabbit. burn anything it has touched btw, mt4 trades differently almost every time you run it, if you spend a few 100 hours you can learn to get it to test with 99% quality, but it will still ...

Metatrader problems on windows me

Quote from Martin J. Pring in Investment Psychology Explained, Classic Strategies to Beat the Markets I put in the proceeding paragraph for context.

Why "x" a secret?

try to just focus on 1 pair. People try to make their system work on every pair right out the gate, but the truth is each pair is its own market. you wouldnt trade tech stocks the same way you trade a S&P stock, they are just different. I would try ...

Did I just create my own very simple system?

NZD/USD = Nazgul

Why is GBPUSD called cable?

there is an include file that steppy calls. indicator doesnt seem to work with out it

Let's Make Rule for this System

i was looking for a way for my EA to "hand off" the entry/exits to another program so it didnt slow my EA down any includes are just the same program , albeit a bit more organized

Calling a Script from an EA

its odd that they offer 1 pip spreads for a mini and 2-3 pip spreads for a full. it seems to me that they must be a bucket shop on the mini. well actually all minis have to be bucket shops to an extent, but it apears they might be abusing it.

MT4 favorite Brokers - as low as 1 Pip spreads

exits from a trade are more important then entries. a system should have exit signals built into it so it never hits your s/l. this will keep all the profit from being eaten up by your trailing stop. that said , having a crises trailing stop is ...

To Trailing Stop or Not To Trailing Stop....

eehehehehe this is so funny. im gonna die read the post where it says "lets pretend we have a 50% winrate and 1.00 payrate"

Mathematical reasons why MOST DayTraders & scalpers fail?